Even dudes from 5 trillion miles away know i am drinkinng....
Do Experienced Traders Still Paper Trade?
- Thread starter zghorner
- Start date
You need to learn on how to make money though and keep it
7k will not impress any ladies.... its how much their bag costs
You are not a bad person
Are there any traders who use equity Curve management with demo/real account switching to minimize drawdowns? Please share your experience/Strategy.
https://www.angelone.in/knowledge-center/online-share-trading/equity-curve.
https://kjtradingsystems.com/equity-curve-trading.html
https://www.angelone.in/knowledge-center/online-share-trading/equity-curve.
https://kjtradingsystems.com/equity-curve-trading.html
Aometimes I do papertrade to scratch the gambling itch or out of boredom. Sometimes to understand new concepts.
I agree with Mark Douglas on this. Simulated trading according to your plan / rules clearly shows you the mental gap - mental skills you need to acquire. It shows you what you could end up with and what you actually have trading live
The problem with this is the market can give you money this month simulated trading just because your system is tuned to current market conditions. Then you switch to live trading next month and do everything correctly and still lose money. So there are many variables.
For a scalper or daytrader you won't lose that much trading a month or a month and half by simulated trading. Still it does not have to prove the edge even if you end up with +++$$$. You could make money based on pure luck.
For a swing / long-term trader it makes no sense to paper trade I think ... Just keeping risk small and being very strict on money-management rules can give you enough time to reveal real potential of your trading system
The problem with this is the market can give you money this month simulated trading just because your system is tuned to current market conditions. Then you switch to live trading next month and do everything correctly and still lose money. So there are many variables.
For a scalper or daytrader you won't lose that much trading a month or a month and half by simulated trading. Still it does not have to prove the edge even if you end up with +++$$$. You could make money based on pure luck.
For a swing / long-term trader it makes no sense to paper trade I think ... Just keeping risk small and being very strict on money-management rules can give you enough time to reveal real potential of your trading system
EXACTLY!! You are so right Ken. I have previously been an all-in believer in Paper Trading but I always lose in paper trading because there is no risk or live environment. When I experiment with daytrading 10 shares of AAPL in a PDT account I make money. When I daytrade MES live I make a small amount most days. If you can afford the 25K, zero stock commissions are real nice. AMP 84 cents RT on MES is a good 2nd choice.
