VaughanV

Does the under-current to this thread not prove that paper-trading leads to overconfidence? Predictor, look past the tone of the responses you have received and rather take on board the valuable insights that you have inadvertently garnered. Every successful trader had to find out what worked for them. They paid their dues largely by overcoming themselves. Most people arrive at the markets with some money, a method and no mind. They trade off the money to build up the other two, but most bet big initially and blow out. Their egos get in the way of learning the craft. (Why do you think one of the respondents calls himself "No Ego" - he's learnt his lesson, like we all had to. You could spend weeks with Tiger Woods learning to play golf, but you will never ever play as well as him. Spending time with the best trader will not make you the best trader. Stop focusing on the method alone, a trader's psychological makeup is unique to that trader - that deserves as much attention. Good judgement comes from bad experiences. Go and get yourself some bad experiences, but try and keep them as cheap as possible. Come back to this thread when you are ready to learn. Peace.