Studying/paper trading

[NewOrder]

How long did you/ have you been studying and paper trading for? At what stage did you feel confident to start live trading?

I have been studying on and off for a few years inbetween kids, moving country and the general stuff of life. My plan sees me doing a few more months of serious study then phasing more into more paper trading. I hope to go live by about Feb 2012.

 

[tech/a]

(1) Most of your concerns will disappear when you understand how to quantify and implement Risk mitigation into your trading.
(2) All of your concerns will disappear when you have developed a fully tested method which returns a positive expectancy in all markets.

Without (2) you cannot implement (1)
Without (2) you are just expecting at best and hoping at worst that what you are doing will return a profit.
To paper test a method rigorously would take 30 yrs as a minimum.

In the process of finding (2) you will become aware of why a trading method is profitable.

You THEN will be able to develop and trade in a discretionary manner.---if you wish
To attempt to do so before understanding WHY your trading will be profitable will see you amongst the 97% who fail---sadly many who could "make it" are demoralised and financially defeated BEFORE they get to square one---errr (2)!!

This is where your at now!!!


Its worth the investment in the necessary tools and the time in becoming proficient.
There are really no short cuts---although many will try!