The best money making secret- paper trading !

Beware of the off-quoted biz motto, “If you don’t plan, you planned to fail”. Face it, I don’t care what excuses or rationale you have for not having a plan, please don’t embark on anything, stay in bed and enjoy your day dreams.

 

In life one has a lot of choices but unless one decides, the entire choices will render analysis paralysis making one a fool to flow with the wind and wasted lifetime of near-misses, ifs and more regrets.

 

If you have by now a trading plan, congratulations! You are on solid ground towards money making in trading stocks. Whilst no one has the absolute certainty to guarantee success here, at least you are one step, a huge step nearer your dreams. At least you got an anchor to plan, carry out the required steps, and check the results against your goals and then reviewing what works and what bombs out, so to speak.

 

If you document your progress, it allows you to make less repeated money-losing mistakes and conserve your capital or better still lets you see and learn from other’s mistakes.  

 

After you have a trading plan, let me share some parting secret of a successful beginner trader. Don’t just read some books, buy a black box software program, open and starting trading a brokerage account. This is detrimental to your hard-earned capital and ego. A mistake that may floor you out and out of the market, permanently.

 

It’s better to do an intermediate step – thru paper trading! Don’t trade using real money until you are able to win paper trading, say about 50 trades, preferably with 30 profitable ones using actual real time, real market conditions.

 

Why paper trade? To get some sign of success that your trading plan is profitable and you have positive-expectance in each trade. It allows you to test, examine your emotions and logic as applied to each trade, as if you are actually trading. If this paper trading works out with profitability, it gives you confidence in yourself and your system and thereby makes for better trading mindset and translates into profitable trades and so on improves your trading plan and this completes your onward ascending kaizen trading cycle. This is the exact opposite of the vicious cycle, and when this happens you are on a roll.

 

Of course, success in paper trading does not guarantee success in actual conditions but the confidence achieved will translate into a better trading system and hopefully a successful trader. 

 

This paper exercise of entering a market when the buy signal is indicated will set you up to decide instantly and without second guessing or doubting. Similarly when an exit signal is given, your trading becomes automatic and that’s when you have come of age, i.e. a skilled trader. It is then you can trade effortlessly and automatically. Of course it is never easy, or quick enough for anyone to perform at that optimum level without going thru some trials and tribulations and losing money, pride and support from others. But that’s life and when you are ready, no one can predict when, you are ready to be a Zen master trader.

 

No one can guarantee a trade is profitable, though successful traders know before trading that the odds are in their favour and they parley time, capital and pride to ensure the war is won. Some battles might be lost but that’s part of winning and that’s where one’s skills and system comes into play.

 

Successful traders treat trading as a biz, and having a trading plan and the proof is thru paper trading. Then later, it’s a matter of carrying out the plan, and reviewing and repeating the cycle of always improving kaizen trading until trading is automatic and consistently successful and profitability in the trading game.

 

Happy Kaizen trading!

 

John Lee

This entry was posted in Uncategorized and tagged , , . Bookmark the permalink.

239 Responses to The best money making secret- paper trading !

  1. Hi, Merely came back here to remind you regarding Mobile Monopoly. This is a great technique and WILL make you money, especially seeing as you own a website. Take a quick look at their video, the strategy is about using Mobile Advertising which is brand new and an unexposed marketplace where you can make thousands by doing hardly any work. I promise you that after you watch their short video it will change you and it will start making you think. http://mobile-mastermind.com

  2. Hi, Just returned here to advise you about Mobile Monopoly. It is a great system and WILL make you money, especially seeing as you own a web site. Take a quick look at their video, the system is about using Mobile Advertising which is fresh and an unexposed market where you can make thousands by doing hardly any work. I assure you that after you watch their short video it will change you and it will start making you think. http://mobile-mastermind.com

  3. It’s every webmasters dream to have massive amounts of traffic isn’t it? I want to share with you a brand new program that came out Dec 28 2010 that is make people a HUGE amount of money. Go to this website and take a quick look. Mass Money Makers

  4. Thank you so much, terrific publish! Th is was the thing I needed to know.

  5. Was nota substantial fan of Banco or Fonts but I can see why they get the nod. The remainder of the l ist is great. Terrific 12 months, terrific l ist.

  6. Yale is previous logo flat out sucked. My cat could have performed that.

  7. Your blog is very good. I found from yahoo. I will back in one day. Thank you I already bookmark your blog.

  8. Im glad to see this informative article. Thanks for such helpful and useful post.

  9. I have many question about your post. I think u should write lot of more details. But Thanks anymore

  10. I enjoyed to c that thinks. Great informative and helpful article.

  11. Termal Otel says:

    I just couldnt leave your website before telling you that we really enjoyed the quality information you offer to your visitors… Will be back often to check up on new posts

  12. Im glad that I found it, Very well post here.

  13. That is f*ckin’ awesome Successful Traders Secrets . Very good and interesting article. Thanks for helpful and useful information.

  14. I enjoyed to find this article. I like your point of view. Thanks a lot. Cheers

  15. Today I read some very interesting article. Its Ur article. Thanks

  16. Hey guys i wish to share with you a way i make $500 daily and i only spend 15 minutes doing it a day! Anyone can do it, you dont NEED to have a website. I strongly suggest you check their site out as there is a brilliant video that explains each thing you have to know. Check them out at Mobile Monopoly. That’s the name of the System and i suggest if you own a web site that you at-least go and take a peak, you wont regret it…

  17. Awesome informative post. Thanks for helpful article.

  18. Interesting and useful information. I just wanna tell U “Thanks”. Thanks!

  19. Hey, This is a message to the website owner. Please check out my friends website, he is offering a very good service that you may be intrested in. Does your website gain hardly any visitors or not rank for keywords you want it to rank for with Google? Well he can help! He can provide you with tens of thousands of backlinks to your site! Take a quick look as im sure you will be intrested. http://hellomotow.net/backlinks/

  20. Awesome topic, I think with u blogs should have chats on as blogs are giving a view of the writer & after getting talks from critics, she can get a much better version of the view he has gave.

  21. Air jordans says:

    What you said is so correct,I support you.Your article is so refreshing,I really like it.Have a goog time!

  22. Fed up with getting low numbers of useless traffic to your website? Well i wish to let you know about a fresh underground tactic that produces myself $900 on a daily basis on 100% AUTOPILOT. I possibly could be here all day and going into detail but why dont you just check their site out? There is a great video that explains everything. So if your seriously interested in producing easy cash this is the site for you. http://www.autotraffic-avalanche.org

  23. Very originative, one of the gracious sites I have realized today. Sustain the nice work.

  24. This will be the internet site I read on my new Iphone. Ill be back.

  25. oteller says:

    Thank you for blogging. I appreciate your efforts.

  26. Hi, Merely came back here to advise you about Mobile Monopoly. It is a superb system and WILL make you money, especially seeing as you own a web site. Take a quick look at the video, the strategy is about using Mobile Advertising which is fresh and an unexposed market where you can make thousands by doing hardly any work. I assure you that after you watch their short video it will change you and it will start making you think. http://mobile-mastermind.com

  27. Excellent ideas throughout this post, I just added this to my RSS feed. Do you have any feedback on your most recent post though?

  28. enlibisen says:

    Hi, i simply needed to come here to inform you about a seriously cheap service that posts comments similar to this on millions of WordPress blogs. Why you may ask, well you might wish to sell something and target webmasters or simply just improve the amount of backlinks your website has which will increase your Google rankins which will then bring your web site more traffic and cash. Take a quick take a look at this web site for more info. http://hellomotow.net/backlinks

  29. This will be an exceptionally big resourcefulness that you are furnishing and you turn over it away for free. I relish seeing websites that view the value of rendering a prime resource for free. I truly enjoyed reading your Wiley Post. Thanks!

  30. This will be an exceptionally with child resourcefulness that you are furnishing and you reach it away for free. I bask seeing websites that view the value of furnishing a prime resource for free. I truly enjoyed reading your Wiley Post. Thanks!

  31. I can’t stand waiting to get my greasy paws on this! I can already feel my grades going down until I complete the game!

  32. This is second incident that we are reading anything about developing blogs with the method. It seems that you are an extremely expert blogger. Your text is an superb example of why I keep coming back to remember your great quality content that is forever updated.

  33. Thank you for this fantastic topic & description of existing question. You’ve laid it out better than any talks I’ve seen. Also thanks for citing my text on it. Your’s takes it way higher.

  34. MobileMonopo says:

    Hi, Just returned here to advise you about Mobile Monopoly. This is a great technique and WILL make you money, especially seeing as you own a web site. Take a quick look at the video, the system is about using Mobile Advertising which is fresh and an unexposed market where you can make thousands by doing hardly any work. I assure you that after you watch their short video it will change you and it will start making you think. http://mobile-mastermind.com

  35. Hey I just wanted to let you know, I really like the written material on your web site. But I am using Flock on a machine running version 9.10 of Crashbang Ubuntu and the UI aren’t quite kosh er. Not a serious deal, I can still fundamentally read the articles and research for info, but just wanted to inform you about that. The navigation bar is kind of hard to use with the config I’m running. Keep up the great work!

  36. Comfortabl y, the post is really the freshest on this deserving topic. I harmonise with your conclusions and also definitely will thirstily look forward to your next updates. Simply just saying thanks will not simply just be enough, for the extraordinary clarity in your writing. I definitely will directly grab your rss feed to stay informed of any kind of updates. Gratifying work and also much success in your business dealings!

  37. stock tips says:

    Awesome points you stressed out.very informative article ….. thanks a lot , i will try to visit again here in the future.Really enjoyed this subject matter here, don’t think i’ve seen it discussed before. Also, fantastic themes on those blogs!
    Regards:
    Stock tips

Comments are closed.