Its so True...

In baseball practice is catching, throwing and hitting a baseball. It is not reading about catching, throwing and hitting a baseball.

In trading practice can be on a sim entering and exiting a trade. Which is good to learn how to do those basics -pushing buttons. Paper trading is imagining doing the above - and almost always "winning".
 
Sig said:
So you realize the analog to reading a book to learn about baseball is reading a book to learn about trading. Paper trading is like practice, live trading is like playing a game. You most certainly learn baseball, or any other thing, by practicing rather than exclusively through live games. Of course you need to play actual games as well, but to say all practice is worthless (and as other posters seem to think, makes you less of a tough guy manly man than them) is absurd. The analogies are getting a little tortured, but at least they should make some sense!
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ah, these kids today. They think putting on a live trade makes your balls grow. They are still in the thrill seeking stage. I'm done even trying to communicate with them until they grow up.
 
Stocktracker said:
"I think paper trading is the worst thing you can do… It’s like shadowboxing and then getting in the ring with a professional boxer. What do you think is going to happen? You’re going to crawl up into a turtle position and get the crap beat out of you because you’re not used to really getting hit. The most important thing to becoming a good trader is to trade."

— Gil Blake, Inventor of mutual fund timing strategies

Just trade small If I may add.
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Shadow boxing is just a component in the trainig process.Did that asshole ever put the gloves on???
 
Did he say it wasn't?

Another part (which he didn't say) is your actually box with someone who might gosh darnit hit back. Reality, what a concept.
 
I care little about money, only about the liberties money can give me. As such, I have a hard time taking trading seriously enough as it is already (with real risk) for me to spend time paper trading
 
Sig said:
So you realize the analog to reading a book to learn about baseball is reading a book to learn about trading. Paper trading is like practice, live trading is like playing a game. You most certainly learn baseball, or any other thing, by practicing rather than exclusively through live games. Of course you need to play actual games as well, but to say all practice is worthless (and as other posters seem to think, makes you less of a tough guy manly man than them) is absurd. The analogies are getting a little tortured, but at least they should make some sense!
More...

No, paper trading is NOT ANYTHING LIKE PRACTICE. Not even in the same ballpark... pun intended...LOL!!

And the same goes for demo trading.

It is not until you have some skin in the game, that you actually begin to learn to trade. It has to matter, doesn't matter how small your trade size is, so long as you stand to lose real money.

When real money is on the line, that is when your heart beats faster, your hands shake, your palms sweat, you get a queasy feeling in your belly, you second guess your entries, etc... You are emotionally involved... THAT'S WHEN YOU'LL REALLY LEARN TO TRADE!!
 
TheRumpledOne said:
No, paper trading is NOT ANYTHING LIKE PRACTICE. Not even in the same ballpark... pun intended...LOL!!

And the same goes for demo trading.

It is not until you have some skin in the game, that you actually begin to learn to trade. It has to matter, doesn't matter how small your trade size is, so long as you stand to lose real money.

When real money is on the line, that is when your heart beats faster, your hands shake, your palms sweat, you get a queasy feeling in your belly, you second guess your entries, etc... You are emotionally involved... THAT'S WHEN YOU'LL REALLY LEARN TO TRADE!!
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If you've ever played baseball, or any sport for that matter, what you're describing is a game. I don't think I ever had shaky hands, second guessed myself, or became super emotionally involved in any practice except maybe tryout day. You?
Again we could go all day with the analogies, but as I've said from about the second post on this thread, while you can't learn to trade solely with a paper trade account, you're foolish to pass up the opportunity to use it in order to find out what doesn't work. Your money though, good to have you all as counterparties!
 
Sig said:
If you've ever played baseball, or any sport for that matter, what you're describing is a game. I don't think I ever had shaky hands, second guessed myself, or became super emotionally involved in any practice except maybe tryout day. You?
Again we could go all day with the analogies, but as I've said from about the second post on this thread, while you can't learn to trade solely with a paper trade account, you're foolish to pass up the opportunity to use it in order to find out what doesn't work. Your money though, good to have you all as counterparties!
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I think they need to move this to the psycho forum, since it seems most of the beginners are having trouble harnessing their emotions when they go live.
 
java said:
I think they need to move this to the psycho forum, since it seems most of the beginners are having trouble harnessing their emotions when they go live.
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No. You are lumping the wannabees from those who treat this as a serious business,. I respectfully disagree.
 
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