Thank you for the reply Yes Thats What I am talking about I believe my own strategy & method but still...... P.S I am very glad that I did not start trading before I get here. (=before I made my trading method) My paper trading record is horrible in the first four and half years. :>
hello and thanks for the tip I usually trade 500 shares (on paper) each time I think the position sizing method is good.....
if you still scared, that mean you not ready yet))))))) if you know, where to enter and where to exit, what you scare about? i dont get it. maybe you scared, because there one little thing to do-> follow your system?
hello yes I am scared, because there are days that my strategy is less effective...like on 12th of Aug
Instead of wasting your time paper trading, spend some time and maybe some money learning Bet Size optimization. This really helped me turn the corner when I was learning. Just a side note, don't try and re-invent the wheel, learn from those that dominate the profession, it will be difficult but well worth your effort.
"Instead of wasting your time paper trading, spend some time and maybe some money learning Bet Size optimization. This really helped me turn the corner when I was learning." where can I find or read the topic? Ive read Van K Tharp books and others is that what you are talking about? "Just a side note, don't try and re-invent the wheel, learn from those that dominate the profession, it will be difficult but well worth your effort." Yes I tried alot of methods which are available at book stores or the internet...pattern trading to Lvl2 but unless I dont have faith in them I will never follow it :> and I dont know why paper trading is waste of time, would you mind tell me why? How are they different from the real trades? Thank you
and My strategy is using support and resistance nothing new I dont use indicators (even volume) and its similar to Tony Oz strategy... but the way I draw the lines are completely different from him. not trying to reinvent wheel hee hee but tried to be more accurate..
"anyone can make money "paper" trading." well it took me over 4 years to be profittable "paper" trading maybe i am slow learner.... " Trade with someone elses money until you KNOW you are profitable." I would be very glad if someone or a firm hires me the problem is who will? I am not an experienced trader.... is there any trading competetion (like www.investorscup.com) which those firms are paying attention? (but that will have to be able to day-trade) Sorry there was many response and didnt read yours atm...
I dont want to take the time. But there are a lot of threads on this site that discuss prop firms that back traders. Depending on where you live....you might be able to find one.