C/P>2=PTD When commissions divided by profit is greater than 2, paper trade the next day. I never realized how courageous and fearless I really am until I paper traded. Man, I have nerves of steel!
At any rate, the theory goes, people ask why it's so easy to lose and so hard to win, so the theory goes, negative emotions cause you to do everything wrong, and not just wrong, but exactly wrong. I can't remember the last time I paper traded, as a matter of fact, I don't think I've ever done it before. Taken plenty of days off, but never sat there and did all but hit the transmit button on the orders. Lot of opportunity in a day if you don't need it and aren't worried about how it will turn out.