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Hello Charles,
No I trade the SP emini's but not based on a system. My type of trade
is called discretionary. I do use some technical analysis, but it is more
price, vol, and time of day. I'm in and out many times a day.
The other traders make some good points, and you can spend all the
time in a simulator or paper trading. But when you are behind the yoke
of the plane or in a trade...and you get caught in a wind shear and
get set upside down in the plane or the market jumps 25 pts or 50 pts
or even 100 pts against you...no amount of paper trading will prepare
you to deal with it. I'm not trying to scare you...just want you to
also get prepared mentally to trade...that is again 90% of
trading.
Wednesday, May 5, 2004, 6:10:00 AM, you wrote:
CM> Thank you for the favor of your valued and appreciated
CM> feedback. This is indeed a great analogy! Do you trade the Qs?
CM> I note this appears to be a private e-mail; but I couldn't
CM> get your address to take so I am sending it via the group.
CM> Chas
CM> ----- Original Message -----
CM> From: mjs720
CM> To: Charles Meyer
CM> Sent: Wednesday, May 05, 2004 2:21 AM
CM> Subject: Re[2]: [RT] Re: DAYTRADING THE QQQs
CM> Hello Charles,
CM> I'm inclined to offer up a different view of paper trading. You can
CM> read about flying an airplane all day long. You can go to all of the
CM> ground schooling that is offered. You can spend days talking to people
CM> who fly and ask all of the questions. That will in no way help you
CM> when it is time for you to climb behind the stick/wheel of that plane
CM> and fly it. No different with paper trading. Until you actually place
CM> your real trade you wont discover what most of us have discovered. The
CM> issue is not your system...it is you. 90% of trading is dealing with
CM> your own psychology/experiences when taking a real risk.
CM> Your true training starts with puting on real trades with real bucks at
CM> risk.
CM> At sometime any system all systems experience downturns...losses of
CM> real dollars. What will be formost at that moment is the question what
CM> will you do?
--
Thank you,
MS
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