Received 1 Karma
forcesteeler
forcesteeler Dec 12, 15 7:03 PM

I never said paper trading is bad, The Market is run by 2 things. FEAR and Greed and people act differently and trade differently when its your own money. When you paper trade you are more willing to take more risk and bigger positions because at the end of the day, If you lose 90K it does not matter. Why Cares, But when you have 100K of Real Money in your bank account. Your not going to trade like how you would trade on paper. Losing 90K in the real world. Thats the big test when it comes to yo

forcesteeler
forcesteeler Dec 12, 15 7:04 PM

Sorry about typo >Trading Account ->Bank Account

Tunde1306
Tunde1306 Dec 12, 15 7:14 PM

@forcesteeler I totally agree with that, which is why I use the notion "trade paper money like you would your own money" Use the same amount you would have and all. That way it trains you to get used to trading in a similar fashion as you would with real money. For me it was very similar because I was losing money with paper and started real money and continued the losing streak lol.

Tunde1306
Tunde1306 Dec 12, 15 7:15 PM

Probably why I should have waited to trade real money until I corrected my faults in the paper world first.

Join now or log in to leave a comment