
Lately I've been experimenting with paper trading. A method recommended in the book "Trading in the zone". The author recommended that if you are just starting out as a trader, you should paper trade the next 20 trades that meet your individual criteria and follow your rules for the next 20 trades, NO MATTER WHAT, (even if you feel tired, or busy or whatever). I think this could be a good method to improve if you've had a recent loss. They say it's recommend it to keep away from making mistakes just out of emotion.
I agree.. I think the best lesson that I have learned is to not rush trades. Look at charts and buy/short at the right support and resistance levels.. Sometimes I jump in too fast to ride the wave and it's not a good idea.
That's Mark Douglas' book, right? Good man! Also a big lesson in that book -- trading is all about probabilities -- anything can happen in a trade (so let profits run) -- and more!
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