Paper Trading your system- Is it needed?

gkpc

Well-Known Member
#41
This is pretty simple. You can take an example from the military. First they train on flight simulators (paper trading) then they move on to practice in real fighters (trading with real token money) and then they are considered combat pilots(professional trading).

This is a very valid example as fighter pilots and traders experience the same things. EMOTIONS. Fighter pilots train their emotions with war games and practice so that in battle they are in familiar environment.

You can't expect fighter pilots straight out of flights school and virtual simulations to be an ace right? Same way a novice trader just out of paper trading cant be a professional.

If you learn to control your emotions with rs.10 then move into rs.100 then rs.1000 then.... After that it is just a matter of how many 000 you place after 1, it will all be the same to you.

This is the only way to fill the gap. This even works for investing, and i'm talking from experience.
And the entire difference between two similarly trained fighters would be obvious when they are in an "actual fight" with the enemy ! (Two trades trading the same market with the same System giving hugely different results)
The "gap" being talked about will be filled to different extent by different players !
 

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