I thought i would start a thread for all you newbies to state our paper trades and log our results.
Try to take trades that you would normally trade, with real money.
Say what your strategy is and how you feel about the trade (if you need to, eg, are you anxious, excited?).
Perhaps we could structure it:
Long or Short
Amount of collateral you put up
Your thoughts and feelings (optional)
1. Took out a short on the Aus SPI at 3860 20/4/09. So far, $800.00 in the green. Full cash up front (no SL and no leverage). Do i take profits now, or hold on? Dedided to hold. Initial strategy = hold until 3,500. - put SL on at 3775.
2. Took out a short on Gold, 2 mini contracts. Collateral $1443.00, SL $881.00. $36.00 in the green. Strategy: hold.