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One can learn to avoid a lot of mistakes on a flight simulator though and the
loss of control will not kill you.
mjs720 wrote:
> 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
>
>
>
> Yahoo! Groups Links
>
>
>
>
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