Yeah, 3 because stops hit first trade was doomed for failure, and last trade was a break of resistance.
All depicted on the chart
YM Traders
- Thread starter volente_00
- Start date
Yeah, 3 because stops hit first trade was doomed for failure, and last trade was a break of resistance.
All depicted on the chart
Update on my paper trades.
What a day... a day i decide I'm going to paper trade... haha, and it turns out to be one of my favorite days, bouncing between S&R.
What a day... a day i decide I'm going to paper trade... haha, and it turns out to be one of my favorite days, bouncing between S&R.
+18
+3
IT'S LIKE FREE $$$$$$$$$$$$$$$$$$
Quote from porgie:
vol .........u gave a good answer..........i will leave now.........don't have time anyway........I hope u and JM make millions.........Your friend and neighbor.....
porgie rule of 2 works just as good as rule of 20. come play with us.
Quote from coolweb:
JM,
Get a good simulator,
don't just paper trade,
Get a REALTIME IB simulator or the likes, or Ninja,
Make sure the trades actually go through 100%
Everyday is a good day papertrading
until you put money on it.
But ninja should give you a good idea where you are at.
Paper trading is only good for testing strategies, I have never seen one person who makes the same at real trading that they did at paper trading. The difference is the emotional tie to the money. If you can train your mind to where real trading becomes just like playing a game then you will succeed.
That is absolutely right, and I can acknowledge that this is what I need to do to succeed. I know I can succeed, I just have to pull the trigger.
I didn't even execute a trade today, and this type of day is my favorite type of day, it just figures don't it
It should be obvious that you cannot duplicate papertrading results but this does not negate its value, imo. There is an interesting article in one of the recent SFO issues where they discuss this. Modern simulators can help you learn a number of things. If you think it is easy to make money using a good simulator being absolutely honest with yourself, try it and see. I wish I had had these tools available when I started and had the sense to use them. Could have saved a lot of money.