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Bob, can you recommend anyone for simulated trading of e-minis (NQ & ES ) and a/c/e
bonds? I'm aware of Auditrack and PFG/Best's simulated platforms. Are these any
good? Do you know of any others?
Thanks,
David
> -----Original Message-----
> From: Bob Heisler [mailto:BHEISLER@xxxxxxxxx]
> Sent: Tuesday, March 26, 2002 10:36 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] PSYCH: Avoidance of paper trading
>
>
> I think you need to distinguish between paper trading and simulated trading.
> I believe there is value in simulated trading but I see very little in paper
> trading.
>
> Bob
>
> ----- Original Message -----
> From: "ric ingram" <ringram@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, March 26, 2002 12:06 PM
> Subject: [RT] PSYCH: Avoidance of paper trading
>
>
> > Hi,
> >
> > You probably, like me, have heard many traders disparage paper-trading as
> a
> > waste of time.
> >
> > I used to believe that this was due to the following symptoms often being
> > related to a dislike of paper trading:
> >
> > - lack of self-trust to use discipline unless money was involved,
> > - missing of the emotions of trading money,
> > - unwilling, through greed or urgency, to paper trade, trade in a penny
> > a point, building up the unit size slowly and steadily to what the
> > account value, trading skills, acceptable risk of ruin, personal
> > preferences, emotions... could effectively trade.
> >
> > My overall conclusions were that such people were potentially a danger to
> > themselves (and others if CTA's) until they addressed their underlying
> > problems.
> >
> > I still feel this is often true, but a story told to me recently has
> > suggested that the symptoms that often are associated with such rejection
> > of paper trading may be secondary factors - there may be a more insidious
> > problem at their root.
> >
> > One of my longest standing friends is an unwilling scholar - based on
> being
> > asked to give a one-off lecture, he became a part-time academic at a UK
> > university. As examples of his lack of scholar-like attributes, he is a
> > successful investor in residential property; he has also succeeded in
> > persuading his not-for-profit college to allow him to run a new doctorate
> > course on a for-profit basis with him as the main shareholder.
> >
> > So his story is somewhat self-deprecating and simultaneously poking fun at
> > his academic colleagues. According to him it is an old story - I hope
> you
> > like it.
> >
> > A number of academics were enrolled in time of war into the
> > infantry. After training they all proved to be crack shots, capable of
> > hitting the bullseye far more often than any other recruits.
> >
> > The time came for them to be sent into battle. As the enemy advanced,
> the
> > order was given to fire. Nobody moved. 'For goodness sake', shouted
> the
> > commanding officer, 'why don't you shoot?'
> >
> > 'How can we you fool', roared back one of the scholars, 'when we haven't
> > been trained to fire at people.'
> >
> > If you have a scholarly view of trading, maybe, it is safer not to enter
> > the trenches.
> >
> > So maybe, in a way, traders who see no value in paper trading are right -
> > they may not be fit for any kind of trading.
> >
> > May your potential be realised, Ric.
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
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