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disciple

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disciple

Re: sam071 post# 148

Monday, 11/29/2004 12:33:49 AM

Monday, November 29, 2004 12:33:49 AM

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In addition, I suggest trading in simulation mode for awhile, until you're consistently profitable with only moderate drawdowns. If you can't succeed on paper, real $ trading is sure $uicide. Besides, trading with real $ too soon hinders a trader from really getting a feel for the market he's trading due to the additional emotional baggage real $ trading adds to the mix, imo. The more consistently profitable you are on paper, the easier the transition to real $ will be, particularly if you're trading with the same platform in sim as for real, and using realistic stops, position sizes, etc. in sim. Trade the same way you plan to when you go to real $. You'll still have an adjustment period, but overall you'll come out way ahead in how much $ and time it takes to reach consistent profitablility.

-Disciple
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