Comments on: Funny money – paper trading

By: The Trader

The Trader — Tue, 11 Aug 2009 13:40:17 +0000

I think one of the things you should do is to write down your strategy. That way you articulate the influences you are going to allow to influence your investment decisions and the sectors and shares in which you plan to invest. It is for your benefit that you spell things out. It is also useful when you read again what you have written to see how closely you adhered to your strategy and whether things would have been different if you had – it would be a matter of learning from your mistakes.

The Trader

By: virgin trader

virgin trader — Tue, 11 Aug 2009 13:37:16 +0000

Max,
I hear what your saying.

I’ve just been reading a bit about slippage. I don’t really understand it completely yet like a lot if things to do with the markets. I know it is to do with the difference between the price at the time you place an order and the actual time your broker completes the order.

Does the virgin have any control over that?

By: Max

Max — Tue, 11 Aug 2009 13:30:01 +0000

Good start.

I would also say to remember to treat your dummy account exactly like the real thing. Set a profit target. Set a stop, remember to add any broker coms into it as well.

Also find out any likely slippage and how that will affect the equation. Slippage is very important.

Max