06-30-2021, 06:34 AM
(06-30-2021, 06:00 AM)lano1106 Wrote: if I can chime in, the paper trading method is a good method but it is not the only good method.
My take on the question about how to achieve trading success is to develop a system ie: An algortihm, a set of rules, etc...
Anything that you can apply and repeat systematically. Once you have that, you check the result and tweak your system to get the result you want.
The key is to remove emotions of the equation. I found out that my greatest loss have achieved when I was in an emotional roller coaster.. fear, greed, excitement of winning, etc...
My take on how to achieve it, since I am software developer has been to develop a trading software but I see other very successful traders on the Internet doing the same thing in their own way. ie: TA guys will be on the look out for certain patterns, check the values of their indicators and by following their own set of rules, they will open or close positions...
For me, paper trading method is not real enough to be motivating but it all comes down to practice without taking risks...
You can do real trading and still manage risk intelligently...
It all comes down to:
test, validate results and scale up when the method is proven to work.
hope that helps!
Thanks for the advice, but I think you're replying to the wrong thread? No one was talking about trading anything, it was about tracking my listening for asrb
