Wednesday, April 11, 2007

Short-cutting the learning curve! I'm going back to Paper Trading!

In the aftermath of this morning's ugly trade on (NUVO), I have decided to take a step back and do some more paper trading before I put my bankroll at risk again. These past few days of trading had led me to believe that I'm not yet ready for the "Big-Show." I still have a lot to learn! In fact, I haven't done enough Paper-trading before I jumped into money trading. In other words, as Brett Steenbarger said it... "I'm short-cutting the learning curve."

I agree with him that the last thing I want is to put my bankroll at risk! I was overly excited when the money was handed over to me. I cut short my learning, and dived right in because I thought i was ready for 'show-time.' I was not! Not even close!

Since I'm supposed to track my transactions, even when I'm Paper-trading, I will continue to blog my trades here. I will tag them with the appropriate words, like Paper Trading, etc. I don't have the details on how I'm going to Paper-trade. But I will definitely treat it as if I'm trading with my real money.

3 comments:

  1. Great site, great blog, and great story. I'm also a new daytrader, started about 3 months ago. Look forward to your future posts.

    ReplyDelete
  2. this is a fascinating journey! thanks for sharing, wow!

    all the best

    ReplyDelete
  3. Bubs and Babak,

    Thank you for visiting my blog! More importantly, thanks for your encouragement!

    Closet Daytrader

    ReplyDelete