As far as I can tell, most experienced traders recommend paper trading as a way to test a strategy and learn about market behaviour before risking any hard-earned cash. They also advise to study hard and read loads of books before doing anything. Obviously, that’s all very sensible.
However, is it right for me?
Continue reading “About paper trading and being sensible”
Something weird happened today. When I started trading with real money less than three months ago, I took out four really stupid trades. I mean, unbelievably stupid. Today I finally closed two of them out.
Continue reading “Phew, I lost money. – Wait, what?!”
I just discovered a video by The Chartist, Nick Radge. Well worth a watch.
He starts by distinguishing between quantitative and qualitative trading – the former can be learnt; the latter evolves with experience.
I won’t bore you by describing the whole video. Below are some thoughts I picked up. They’ll become clearer when you watch the video.
Continue reading “The next 1000 trades”
I received an email from a sales person today whose company has partnered with my broker. Obviously, they want me to try out their products.
I told him that I have enough on my hands with stock trading and am not interested just now. Wrong timing, mate!
Continue reading “Those £2000 are doing nothing!”
I have come across a few traders online offering courses that teach you their strategies. The big promise is a fast track to success which bypasses the tedious and painful learning curve they had to go through themselves.
I am in two minds about this. For now, I have decided to do my own thing until I understand trading better, know what I want to get out of it and what my preferences are. I think there are quite a few questions I’d need to ask myself before signing up for a course.
Continue reading “7 Questions before paying for a course”