How do I paper trade?

LuckyMac said:
You can paper trade on demo accounts with lots of different brokers or am i missing something?
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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?
 
andy_p said:
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?
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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.
 
andy_p said:
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?
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Didn't "the guy tell you"?

You paid him, not us. Ask 'em.

You can't buy success. Unfortunately.
 
andy_p said:
how do I know if price has hit my stop loss before it hit the take profit or exit point?
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Since you don't seem to like any of the suggestions so far, you could try advanced machine learning.
magic_8_ball.gif

:D
 
andy_p said:
It needs to be paper trading this is what the guy told me...
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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.
 
SunTrader said:
Didn't "the guy tell you"?

You paid him, not us. Ask 'em.

You can't buy success. Unfortunately.
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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
 
Overnight said:
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.
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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.
 
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