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Hi David,
I wish I could but I haven't followed this area for awhile so my information
is out of date. But hopefully somebody else on the list can offer some
suggestions.
Bob
----- Original Message -----
From: "David Rosenthal" <DavidRNews@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, March 26, 2002 1:30 PM
Subject: RE: [RT] PSYCH: Avoidance of paper trading
> 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
> > >
> > >
> > >
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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/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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