Monday, November 30, 2009

11/30/09

Practiced on the sim account today. It is very important to stay true to your trading plan as much as possible, even on the sim

Too many people fudge on their trading and trade on a simulator much different than they would if they were using real funds. The main goal using the sim is to quantify your trading strategy and see if you can make money with large enough sample size of your trades.

If you can do this right, you will be able to set a more exact trading plan and strategy and take the fear and guess work out of your trading.

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