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I think there is a major point to be made about paper trading. If you
are going to trade a Mechanical system than paper trading should be an
effective way to test your system and yourself. There should be very
little difference in the results. If you can't trade on paper than you
should not trade for real $$$, using a mechanical system.
With that said, If you are going to be a discretionary trader than
paper trading may Not be an effective way to test your system.
I can't answer for discretionary traders but I think that seems to be
where the dispute of paper vs. actual trading exsists.
Mechanical traders advise it and discretionary traders find it of little
value.
I didn't want to start a whole new issue for discussion, I just wanted
to clarify one already on the table.
Regards,
Tom....
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