Why would you post something so useless? I just politely asked a question and you are making fun of me because my question is not within your values. People are different I`m different from you but I would never be so low as to just make fun of someone thread for my 5-second fame and fun.
Andy; If you have to trade on paper then do that. When the market opens tomorrow, watch for your set-up and when it appears, write down where you would have taken the trade. Then watch the market. If your stop gets hit, you have a paper loss. If your target gets hit you have a paper profit. What is so tough about that?
I meant no offense to you with my attempt at humor. There are several legitimate suggestions in this thread. Why not try one or more of them?
andy_p, ph1| makes a good point my friend. Which of the options mentioned so far do you think offer a good way forward?
An analogy... What you are trying to do is plot your position in the middle of the ocean using a sextant and stars, rather than the GPS device located right next to you.
Hello The guy told me to paper trade on a pen and paper he is trader from the 80`s he has been trading since then. I need to know how to paper trade. Please tell me how do I know if the stop loss is hit before the take profit this is all that I`m asking.
You get a demo account with a live data feed (this is ALSO known as "paper trading"), and look at the chart/price ladder. Or better yet, just set a profit target and stop loss on said data feed, and see which gets hit first. You simply cannot do it on pen and paper. This isn't the 1980s, man.
Guess a severe downshift is in order. 1) What is your source of price data? 2. What is the smallest timeframe available from your data source?
Get one of these... Here's the 1980s for you... You have a brain (we think). Figure it out, and drop your "80's guy".