Practicing the Trade

newbee · #1 9th November 2007, 05:19 PM

Hello

I am planning to log my trades in Nifty Futures on this thread. I have been reading / talking / studing about the markets for a while. Have also done some paper trading. I have been always reminded, that the real thing is very very different ball game and I do have a healthy respect for that view.

Anyway one things for sure can't experiance "Fire Walking" just by reading about it or imagining however vividly

The best thing I heard about not just trading but life was spoken about 2500 years ago. I feel its most appropriate to start the thread by quoting that.

Quote:

Believe nothing on the faith of traditions,

even though they have been held in honor

for many generations and in diverse places.

Do not believe a thing because many people speak of it.

Do not believe on the faith of the sages of the past.

Do not believe what you yourself have imagined,

persuading yourself that a God inspires you.

Believe nothing on the sole authority of your masters and priests.

After examination, believe what you yourself have tested

and found to be reasonable, and conform your conduct thereto.

Buddha

Thanks
nb

Saint · #2 9th November 2007, 07:31 PM

Quote:

Originally Posted by newbee

Hello

I am planning to log my trades in Nifty Futures on this thread. I have been reading / talking / studing about the markets for a while. Have also done some paper trading. I have been always reminded, that the real thing is very very different ball game and I do have a healthy respect for that view.

Anyway one things for sure can't experiance "Fire Walking" just by reading about it or imagining however vividly

The best thing I heard about not just trading but life was spoken about 2500 years ago. I feel its most appropriate to start the thread by quoting that.

Thanks
nb

Hi NB,

Good Luck....and all the best!!

Paper trading is important initially to get one started without the baggage of emotions that money brings with it.....Later we use position sizing rules,trading plan,a long set of rules,etc etc.....all this is done to nullify the impact of the mind,the impact of emotions while trading.

Guess what......you paper trade in the beginning with no money.Later you paper trade with money.....and all this effort and pain in between is to get our minds back into paper trading mode,this time with money.

All the best!
Saint

franktrader · #3 9th November 2007, 10:50 PM

wish u all the best NB

drpsiva · #4 9th November 2007, 11:49 PM

hi paper training is like seeing swimming.real trading is like u r n a pool with few or more spectators.although paper trading is needed it is not fully practical.u sink in the sea to see the results.,wish u a happy trading.

kuriako · #5 10th November 2007, 02:54 PM

Emoticon is in post title

And it conveys everything!!!

Seems like u are regularly irregular in Y!

newbee · #6 10th November 2007, 05:25 PM

Quote:

Originally Posted by Saint

Hi NB,

Good Luck....and all the best!!

Paper trading is important initially to get one started without the baggage of emotions that money brings with it.....Later we use position sizing rules,trading plan,a long set of rules,etc etc.....all this is done to nullify the impact of the mind,the impact of emotions while trading.

Guess what......you paper trade in the beginning with no money.Later you paper trade with money.....and all this effort and pain in between is to get our minds back into paper trading mode,this time with money.
All the best!
Saint

Hello SAINT

Thanks a lot for everything.

Will always remember that, the key is to get the mind back into paper trading mode.

Thanks
nb

newbee · #7 10th November 2007, 05:28 PM

Quote:

Originally Posted by kuriako

Emoticon is in thread title

And it conveys everything!!!

Seems like u are regularly irregular in Y!

Hello K

Is this how u beat the restriction of only 4 emos? You post twice to get 8 of them : ) , what if u need 40 ??

Anyway, thanks for the post.

nb

newbee · #8 10th November 2007, 05:29 PM

Quote:

Originally Posted by franktrader

wish u all the best NB

Hello Frank

Thanks a lot.

nb

newbee · #9 10th November 2007, 05:31 PM

Quote:

Originally Posted by drpsiva

hi paper training is like seeing swimming.real trading is like u r n a pool with few or more spectators.although paper trading is needed it is not fully practical.u sink in the sea to see the results.,wish u a happy trading.

Hello drpsiva,

Thanks for your wishes.

nb

kuriako · #10 10th November 2007, 07:19 PM

Quote:

Originally Posted by newbee

Hello K

Is this how u beat the restriction of only 4 emos? You post twice to get 8 of them : ) , what if u need 40 ??

Anyway, thanks for the post.

nb

Err... sorry!!!

Mistake!!! Multiple post!!!

Has cleared!!!

Cheers!!!