Paper Trading

in #trading2 years ago

Got a couple more scalps in on INTC, happy with how the day ended. Happy I finally have a good paperMoney system to practice with...learned a couple things today, and it's amazing how easy it is to go from having a plan to chasing/FOMO (my loser puts plays). Have to remember to keep that at the forefront of my mind...develop a theory, watch for the trigger, wait for confirmation, and execute...no emotions to it. On the flip side, I was pretty good managing breakdown of my theory and stopping myself out before hitting my hard stops. So I think that's a win. Also, this was all using market orders in TOS - keeping it simple while I get used to monitoring and executing...once comfortable with that I'll start working on more strategy around limit orders. Using a $10k paper account, which mirrors what my live account will be whenever I get back to that - and maxing out at 2% risk per trade

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