After my first year of mediocre trading, I’m looking to do some serious training on a paper account

Discussion in 'Trading' started by TerminalUltra, Jan 5, 2022.

  1. easymon1

    easymon1

    Will It Scale? If you work a Price Action strategy for example and you get good results, Will It Scale UP to a size that an employer paying for a worker with Automation Developer, Accounting/Finance, BS Comp Sci credentials can spin off? Will it Scale UP enough to justify the effort in the long term?

    If you still want to try your hand at daytrading, and are looking for a place to start, you could do worse than finding a few Very Simple price action setups and work outward from there.

    https://www.elitetrader.com/et/threads/crude-oil-2021-q4.362613/page-5#post-5518705
     
    #21     Jan 7, 2022
  2. bone

    bone

    I provide my clients with a MS Excel spreadsheet macro for tracking their paper trades. We also typically meet one-on-one once per week or so in order to break down trade entries and trade management. It works if you track it like a real trade - entry, daily marks, stop-loss, profit target, exit price and sizing, P&L, performance metrics, etc....

    I think that one reason that paper trading works for my clients is that they email to me their trades and their performance spreadsheets, so in that sense there is on some level "accountability".

     
    #22     Jan 7, 2022
  3. thanks this is along the lines of what I was looking for. Much appreciated
     
    #23     Jan 8, 2022
    easymon1 likes this.
  4. themickey

    themickey

    And if it were a coin toss, mostly land pain up.
     
    #24     Jan 8, 2022