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Hello Charles,
I'm inclined to offer up a different view of paper trading. You can
read about flying an airplane all day long. You can go to all of the
ground schooling that is offered. You can spend days talking to people
who fly and ask all of the questions. That will in no way help you
when it is time for you to climb behind the stick/wheel of that plane
and fly it. No different with paper trading. Until you actually place
your real trade you wont discover what most of us have discovered. The
issue is not your system...it is you. 90% of trading is dealing with
your own psychology/experiences when taking a real risk.
Your true training starts with puting on real trades with real bucks at
risk.
At sometime any system all systems experience downturns...losses of
real dollars. What will be formost at that moment is the question what
will you do?
Tuesday, May 4, 2004, 7:28:59 PM, you wrote:
CM> Thank you all............chas
CM> ----- Original Message -----
CM> From: rascal22dog
CM> To: realtraders@xxxxxxxxxxxxxxx
CM> Sent: Tuesday, May 04, 2004 5:45 PM
CM> Subject: [RT] Re: DAYTRADING THE QQQs
CM> Chas,
CM> The purpose of papertrading is to see whether the system/approach you
CM> are using is working and whether you can place the trades properly
CM> and efficiently. You will need everything to paper trade that you
CM> will need for "live" trading. So, while the previous post is a
CM> little brusque, it is correct. Start with education and determine
CM> what time-frame, style, etc. of trading suits you. Then develop a
CM> system/approach and try it out by papertrading.
CM> Good luck.
CM> --- In realtraders@xxxxxxxxxxxxxxx, "Charles Meyer" <chaze@xxxx>
CM> wrote:
CM> > Group-
CM> >
CM> > I apologize for this dumb question; but could someone provide me
CM> direction and guidance on how to get started daytrading the QQQs?
CM> The issues I'm concerned with are:
CM> >
CM> > * Learning to Paper Trade
CM> > * Brokers
CM> > * Automated Trading Platforms (automatic order entry systems)
CM> >
CM> > I've seen info about some of the many Interactive Broker third
CM> party add ons such as: bracket trader, autotrader, buttontrader,
CM> ninjatrader, tradingsimulation. To further complicate matters; IB
CM> also has their own automated trading platform; Trader Work Station.
CM> >
CM> > Can someone please chime in on what is necessary to just get
CM> started paper trading?
CM> >
CM> > Thank you for the favor of your valued replies.
CM> >
CM> > Chas
CM> > ===
CM> Yahoo! Groups Links
--
Thank you,
MS
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