Well put Gis,
As Mark Cook said:
"To succeed as a trader, one needs complete commitment... Those seeking shortcuts are doomed to failure. And even if you do everything right, you should still expect to, lose money during the first five years... These are cold, hard facts that many would-be traders prefer not to hear or believe, but ignoring them doesn’t change the reality."
The biggest difference between paper trading and real trading is the addition of emotions so tip-toe indeed! Your trading account must never exceed what you are psychology ready for. You may be able to paper trade with 500K and make money 5 years in a row but put 500K in the real market without the emotional intelligence to handle the fluctuations and you are doomed!
Cheers
Derry
http://etfhq.com/
--- In OptionClub@yahoogroups.com, Meuter Gisbert <gismeu@...> wrote:
>
> Well spoken Greg,
>
> and I would add, paper trade at first, at least 6 month and then if you are
> profitable and can sleep sound at night with your trades, then tip-toe into
> the market.
>
> gis
>
>
>
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