P1:a/b P2:c/d QC:e/f T1:g
appC JWBK182-McDowell April 25, 2008 16:30 Printer: Yet to come
The Art of Paper Trading 171- Paper trading is for sissies.Well, no one has ever really said that to
me, but the implication is there. You know, real men don’t paper trade
(or eat quiche). The reality is that paper trading is an effective way to
hone your skills in the market and it is not something to shy away from.
WHAT DO YOU THINK ABOUT
PAPER TRADING?All that matters right now is, what do you think about paper trading? My
sincere hope is that you see the benefit and will implement a plan to test
your rules and see how they hold up prior to putting your money on the
line.
For the more advanced traders who already know from experience
they have a winning system, keep an open mind and paper trade through
any challenging drawdowns. Test a new trading idea or approach and paper
trade it to see if your drawdown might be the catalyst for a new way of
trading.