Comments on: “Paper” Trading is Pointless http://investingadventures.com/2007/12/start-small.html Having Fun with Options Tue, 16 Feb 2010 18:39:14 -0700 http://wordpress.org/?v=2.9 hourly 1 By: Revisit the Paper Trading Concept | My Adventures into The Street http://investingadventures.com/2007/12/start-small.html/comment-page-1#comment-2511 Revisit the Paper Trading Concept | My Adventures into The Street Mon, 25 Feb 2008 07:08:16 +0000 http://investingadventures.com/2007/12/start-small.html#comment-2511 [...] is a repost of an previous entry found here while we’re away on vacation. [...] [...] is a repost of an previous entry found here while we’re away on vacation. [...]

]]> By: Jorge http://investingadventures.com/2007/12/start-small.html/comment-page-1#comment-1532 Jorge Sat, 05 Jan 2008 03:48:46 +0000 http://investingadventures.com/2007/12/start-small.html#comment-1532 Ange, I guess my experiences with paper trading haven't been as useful as yours. I've been trading since about June 2007. I've only really paper traded twice, when I first began trading and when I switched from Zecco to TOS. Paper trading did nothing to help me get over my fears of my first trade, my first gain, and my first loss. After I took my first true gain (EMC, +$2000) and my first loss (EMC, -$2500), it was only then that I actually learned how trading worked. Paper trading is definitely safe and should be used to some extent, especially if you're trying a new strategy, for example an iron condor, but for actual trading experience, nothing beats having real life risk in my opinion. Andre, Paper trading's a great way to refine your trading rules, I'll admit that! Would backtesting be considered paper trading? Ange,

I guess my experiences with paper trading haven’t been as useful as yours. I’ve been trading since about June 2007. I’ve only really paper traded twice, when I first began trading and when I switched from Zecco to TOS. Paper trading did nothing to help me get over my fears of my first trade, my first gain, and my first loss. After I took my first true gain (EMC, +$2000) and my first loss (EMC, -$2500), it was only then that I actually learned how trading worked. Paper trading is definitely safe and should be used to some extent, especially if you’re trying a new strategy, for example an iron condor, but for actual trading experience, nothing beats having real life risk in my opinion.

Andre,

Paper trading’s a great way to refine your trading rules, I’ll admit that! Would backtesting be considered paper trading?

]]> By: Andre Banks http://investingadventures.com/2007/12/start-small.html/comment-page-1#comment-1531 Andre Banks Sat, 05 Jan 2008 02:50:33 +0000 http://investingadventures.com/2007/12/start-small.html#comment-1531 You gotta have the discipline and mind set to think of it as real trading. Paper trading is a great tool You gotta have the discipline and mind set to think of it as real trading. Paper trading is a great tool

]]> By: Ange http://investingadventures.com/2007/12/start-small.html/comment-page-1#comment-1527 Ange Fri, 04 Jan 2008 23:18:03 +0000 http://investingadventures.com/2007/12/start-small.html#comment-1527 Hey Jorge, if I may, I think that paper trading is a safe way to learn how the market works to some extent, especially if you don't have a "real account" to be able to blow up!! Fair enough if you do have a lazy few thousand dollars that you won't miss, but even with paper trading, I followed on with small trades and built up from there. Hey Jorge, if I may, I think that paper trading is a safe way to learn how the market works to some extent, especially if you don’t have a “real account” to be able to blow up!! Fair enough if you do have a lazy few thousand dollars that you won’t miss, but even with paper trading, I followed on with small trades and built up from there.

]]> By: Jorge http://investingadventures.com/2007/12/start-small.html/comment-page-1#comment-1479 Jorge Tue, 01 Jan 2008 23:28:07 +0000 http://investingadventures.com/2007/12/start-small.html#comment-1479 I was going to thank you for the link but I realized it was to Cuban's blog (I'm a Miami Heat fan). Actually thanks for the link. I'll probably post more detailed thoughts on my future thoughts and plans. Frustration's setting in I think with my current situation. Thanks again though! I was going to thank you for the link but I realized it was to Cuban’s blog (I’m a Miami Heat fan). Actually thanks for the link. I’ll probably post more detailed thoughts on my future thoughts and plans. Frustration’s setting in I think with my current situation. Thanks again though!

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