Paper Trading to Real Trading-How?
- Thread starter osho67
- Start date
You need to decide the size of the positions you want to take, and the maximum drawdown in your time frame, and then find a contract that has sufficient volatility (not a problem right now) and sufficiently small tick size.
Based on what you wrote I would try SPY. It trades in $80-$90 range now and it's $0.01 per tick, and very liquid. You can also find stocks with similar ranges but pay attention to liquidity.
Based on what you wrote I would try SPY. It trades in $80-$90 range now and it's $0.01 per tick, and very liquid. You can also find stocks with similar ranges but pay attention to liquidity.
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067;
Nice work, you have been in trading business,almost 7 years;
my brokers settle positions in paper anyway, checks, US dollars,LOL
I meditated on your question[mid east meditation, where you think repeatedly, think thorouhy, rethink, rethink, pause, rethink.......[This differs from eastern meditation]
a] Agree with 2nd poster but would narrow it to trade QQQQ, or SPY;
sure would look @ DIA, USO,UGA,most news outfits report DOW.......
b]Bear market may favor QQQ, they have gone down much more % than SPY, but past performance is not a prediction.
c] Speaking of paper I write down daily data [on notebook paper]on QQQQ,SPY,50 day moving averages, other notes.....................
=============================================
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$.
yearly hi, yearly low,
all data high, all time low.............................................................
Swing -position trend trade myself, figure QQQQ,SPY could gap agaisnt me overnite 10%, but never has yet, but 5+% swings are common , more or less.
Wisdom is profitable to direct, your trend trading may do well;
may want to trade , [1 share , $28.90 us dollars,qqqq],or what % you are comfortable with losing.
Even best bear markets may commonly retest monthly highs.
Quote from murray t turtle:
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067;
Nice work, you have been in trading business,almost 7 years;
my brokers settle positions in paper anyway, checks, US dollars,LOL
I meditated on your question[mid east meditation, where you think repeatedly, think thorouhy, rethink, rethink, pause, rethink.......[This differs from eastern meditation]
a] Agree with 2nd poster but would narrow it to trade QQQQ, or SPY;
sure would look @ DIA, USO,UGA,most news outfits report DOW.......
b]Bear market may favor QQQ, they have gone down much more % than SPY, but past performance is not a prediction.
c] Speaking of paper I write down daily data [on notebook paper]on QQQQ,SPY,50 day moving averages, other notes.....................
=============================================
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$.
yearly hi, yearly low,
all data high, all time low.............................................................
Swing -position trend trade myself, figure QQQQ,SPY could gap agaisnt me overnite 10%, but never has yet, but 5+% swings are common , more or less.
Wisdom is profitable to direct, your trend trading may do well;
may want to trade , [1 share , $28.90 us dollars,qqqq],or what % you are comfortable with losing.
Even best bear markets may commonly retest monthly highs.
Thanks what is USO ang UGA ?