How do I know if I paper trade if the stop loss was hit before the take profit?

[maxinger]

Hello,

I posted here a question regarding paper trading. I need to know how to do it. There is just one piece of information that is missing and people have been doing everything to detract from the simplicity of the question. So I write down on a piece of paper the date of the trade the entry point the stop loss and the exit point. How do I know if it`s possible without looking at the chart to know if the stop loss got hit before the take profit? Do I go through all of the trades of the day to see if the price went near my stop loss?
Thank you please don`t ruin my thread

This is either
a simple question,
a complex question or
a trick question.

Why don't you simply look at the chart?
I know you will not get 100% accuracy since you are doing demo trading,
and there is slippage to consider when doing live trading etc.
But it is a very good indication
of whether your stop has been hit or not.

 

[thehung111]

Hello,

I posted here a question regarding paper trading. I need to know how to do it. There is just one piece of information that is missing and people have been doing everything to detract from the simplicity of the question. So I write down on a piece of paper the date of the trade the entry point the stop loss and the exit point. How do I know if it`s possible without looking at the chart to know if the stop loss got hit before the take profit? Do I go through all of the trades of the day to see if the price went near my stop loss?
Thank you please don`t ruin my thread

if you insist on not looking at the chart, then yes, go through all quoted prices (minus or plus spread + broker commission depending on buy/sell order) after you enter until it is near to your stop loss or take profit point. If it hit pass the points, then write down the exit price.

 

[maxinger]

if you insist on not looking at the chart, then yes, go through all quoted prices (minus or plus spread + broker commission depending on buy/sell order) after you enter until it is near to your stop loss or take profit point. If it hit pass the points, then write down the exit price.

how is he going to get those quoted prices, spread, commission ....?

if he is on demo trading, he probably doesn't have those data
( those data are not free ).

he can get a free chart.
but he refuses to look at the chart.

 

[tomorton]

Hello,

I posted here a question regarding paper trading. I need to know how to do it. There is just one piece of information that is missing and people have been doing everything to detract from the simplicity of the question. So I write down on a piece of paper the date of the trade the entry point the stop loss and the exit point. How do I know if it`s possible without looking at the chart to know if the stop loss got hit before the take profit? Do I go through all of the trades of the day to see if the price went near my stop loss?
Thank you please don`t ruin my thread

If you only have the data you describe, you can't know without looking at a chart. But there are demo accounts from almost every broker out there that will do this for you.

 

[twstn]

Hello,
Do I go through all of the trades of the day to see if the price went near my stop loss?

Yes.

 

[thecoder]

In the land of the blind, the one-eyed man is king...
...after getting this free-lunch education here at ET...

 

[virtusa]

Do I go through all of the trades of the day to see if the price went near my stop loss?

If that is too much asked, I advice you to stop trading and find some other job that asks no efforts.
Your "problem" is irrelevant compared to the real problems you will still encounter in your journey to profitable trading.

 

[cravat]

You can find that out by looking at the charts. I don’t think it’s difficult to spare a few minutes to look at the data on charts.

 

[maxinger]

You can find that out by looking at the charts. I don’t think it’s difficult to spare a few minutes to look at the data on charts.

You will get a big scolding from the OP as he said he wouldn't look at the chart

 

[murray t turtle]

My very first major computer science project was done entirely on paper (implementing an on-disk database.) The reason was that school computers were routinely unavailable and I didn't have a portable computer at the time. So I sat in the study carrels, wrote out the code, debugged all the edge cases on paper and when the computers were available, I typed in my code.

Sans some minor issues, the code ran through all of the prof's test cases successfully.

Still my best written code ever.

A big fan of paper and pen... Not so much for trading, but maybe there is something I'm missing.

%%
EXACTLY/good paper points+ pen points on the screen LOL
Paper tradin' is fine for learning levels, getting back in the groove \not fine for execution study.
HINT on execution/Market Makers Edge[paper ] book by Joshua Lukeman uses 6 month paper charts.
Me i still paper trade on occasion + love Fed Reserve paper notes/LOL,