Paper Trading

[rin4et]

Of course trading must be done and picking the right broker or prop firm is important, sometimes critically.

There is nothing wrong with backtesting along the way and even after becoming a strong trader. Some winners backtest.

It is my understanding that Rin4et has traded and has an account to trade when she thinks there is value.

Striving to connect with great traders (preferably on a personal level) can be of enormous benifit, as well.
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Note:

In Highly Competitive Areas, experience is often, but not always, of limited importance without being paired with: being around the right people.


"Being around winners often rubs off on a savvy person"

That is correct, I have a real money account where I trade with a 1k position size and a paper account where I trade with a 20k position size.

 

[jinxu]

Here's the problem with your line of thinking. Trading is very much similar to competitive sports. There are only so many systematic rules you can follow but you are still a human being and it takes a combination of skill, talent, experience, psychology, etc to win in addition to rules.

In other words. Even with the perfect system. You can still lose if you have poor psychology.

Like others have said. Sim trading is useless because there is no emotion. A small account may help as there will be some emotion. But when sizing up the emotional stress will also size up. Food for thoughts.