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Thursday 19 July 2007

Paper trade to perfect your strategies

Paper trade to perfect your strategies if you cannot trade

A good strategy is to HONESTLY do paper trades if for some or the other reason you cannot actually trade. Reasons can be lack of funds, funds stuck in something else and what not. Why to be honest ? That is up to you for if you cheat you get cheated by the market. Paper trades and actual trades you will later on realize do differ. They will not actually deliver as well as they did on paper. Practical problems........forget what.
I used to do the same with nifty futures and did that for some time and used to write notes as to what wrongs i did so that i could analyze later on. Well results were fantastic and even if i say that actual will give 50 per cent success of the paper, not bad. At this this leaves you with good confidence when you actually trade.
All the best !

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