How do I paper trade?

It needs to be paper trading this is what the guy told me. Yes it can be done on a demo account but now I`m even more motivated on how to do it on paper. IT`s very simple what do I write on the piece of paper besides entry point exit point and the date of the day I tooked the trade and how do I know if price has hit my stop loss before it hit the take profit or exit point?

 

You need a one-second time-based chart, or one-tick range chart. Then you need to also chart the price ladder, and how many contracts moved through the price your stop is sitting at. Even then, when your stop becomes the bid or ask, there is no guarantee of a fill.

Or you could just ask your data provider for a tick-based printout of the day's trade for that instrument. Expect millions of pages of data, and have fun sorting through it.

You're just making your life harder for yourself, and are wasting everyone's time here. Unless you are trading class IV milk futures or Uranium futures.

 

Didn't "the guy tell you"?

You paid him, not us. Ask 'em.

You can't buy success. Unfortunately.

 

Since you don't seem to like any of the suggestions so far, you could try advanced machine learning.

 

In the case you mention here andy_p, if price hit your stop, and your stop was worse than your entry, then the paper trading platform that you are using will subtract some imaginary funds from your imaginary account. Problem solved.

how do i paper trade
https://duckduckgo.com/?q=how+do+i+paper+trade&t=h_&ia=web

 

Ahh, I totally missed the bolded bit...

That guy told you "paper trading". You thought he literally meant pencil on paper.

That's not what they guy meant. He meant a "demo account".

Pen-to-paper trading is simply not feasible (or necessary, or even slightly reasonable) these days.

 

you can use Tradingview, they support paper trading.

 

On the subject of paper Trading do people find there's any benefit of FX simulators/software over demo accounts?

 

No he didn`t he doesn`t offer me any support at this time I have to buy the whole shit again. All he told me is that I need a date, entry and exit. But how does that cover the trades that hit the stop loss before the take profit point. IT`s very simple questions I don`t know why people like to take a shit on me and on this trade. It`s just how do you paper trade and take into account stop losses

 

Look I can`t use the demo function of a broker. Let`s just leave it at that I need to trade on pen with paper.