Comments on: Russell 2000 ($RUT) Chart - April 11, 2008

By: Alex Fotopoulos

Alex Fotopoulos — Sun, 27 Apr 2008 02:39:58 +0000

Andrew, you are right. Paper trading is only good if you know your mindset for when money is on the table. Emotions run trading decisions for too many. For what I was referencing, it is in addition to my regular trading and to check my theory before applying cash. Paper trading is probably not the right term to have used, but instead I should have said, I’d keep watching.

By: Andrew Murray

Andrew Murray — Sat, 19 Apr 2008 22:18:34 +0000

This may be a bit contrarian, but I’m not a big fan of papertrading. It’s psychologically different. I have learned far more by using real money. Even if it’s a couple hundred dollars, it will make it much more real. And most people care far more.

By: Alex Fotopoulos

Alex Fotopoulos — Mon, 14 Apr 2008 11:57:27 +0000

I agree with paper trading to learn, but it doesn’t account for emotions and changes in market conditions. I don’t think many will argue, day trading relies a lot more on technicals than fundamentals. I’ve been charting for a while, so I feel I’ve already done half the paper trading work. The next step will be to add the emotional side to it. I’m much better at selling options than buying options when it comes to keeping emotions in check, but I have to step it up at some point.

By: Kadena

Kadena — Mon, 14 Apr 2008 01:58:03 +0000

i hope you will papertrade for a little while, it would just make me feel less of an influence if you ever lost some real money, because you had practice!! anyway, the risk advisory on options is pretty loud and clear to everyone everywhere, so tread lightly, but hey, papertrading is a great idea (my dad papertraded, seemingly well, then went on to lose with real money, sheez)