I use paper account trading to test my trades, or enter trades I am not sure about. For example Facebook (FB).
After falling on earnings it drew this nice cone, possibly a double bottom and went down to the same level. It almost looks identical to the drop in March -April, it wasn’t a double bottom and the stock gained quite a bit since April. So, the next few days will tell us if the stock is in up or down trend, I’ll wait for it to move for few days perhaps even weeks to place any trades on it.
Another stock I don’t trust yet is Netflix (NFLX). It’s a clear down trend, not going to touch it this time.
NOC, LMT and BA are the ones I am also avoiding at this time.