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Eric and I werent advocating dropping paper trading from one's
development..far from it...you have to paper trade....i would think quite
obviously even the most experienced of traders still paper trade in some form
or another when embarking on a new method or modifying an existing one....
We are just saying that, and especially for a novice, paper trading has to be
put into perspective....a whole new set of parameters come into play when the
money is in the mouth....the psychological factors are just so different...
example: for those who golf, they will know what i mean
you go to your course early in the morning and play by yourself all week in
prep for a big money game on the weekend....the shots just fly to the green,
chips roll up the pin and the putts drop..
then on the weekend standing there with your three buddies watching your
every move the jitters just naturally come...the putt that now has to be made
to save a $5 press all of a sudden looks that much longer and the hole that
much smaller...
paper trading is like hitting a golf ball at the range
real trading is hitting a driver over water into a narrow landing area
guarded by huge trees on either side 240 yards away.
Rick
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