Posts: 1
Joined: 8/28/2021
Location: Salem
User Profile You feel 100% comfortable with the software, you have a system (both software and intuition) that seems to work.
When do you decide to use your system in real life?
Posts: 5
Joined: 4/19/2012
User Profile You are asking "When do you decide to use your system in real life?" You are NOT comfortable with something! I would suggest you paper trade and verify it makes a profit. When you ARE comfortable that your system makes a profit, you will then be comfortable trading your system.
It's very simple, if you are not comfortable, you do not have confidence in what you are doing. Since that appears to be the case, do NOT trade until you are comfortable. If you Never get comfortable you should not trade.
Hope that helps,
Perry
Posts: 3433
Joined: 3/13/2006
Location: L'ville, GA
User Profile Perry's advice is both excellent and practical.
I'd add that you should NEVER trade with money that you can't afford to "throw away". Nervousness about permanent loss of capital and its impact on your present or future lifestyle/needs will cripple your trading decisions.
Posts: 404
Joined: 3/12/2006
Location: Brighton, Colorado
User Profile This thread made me think of one of my favorite trading quotes. It comes from option legend (Think or Swim / Tasty Trade) - Tom Sosnoff:
"The single biggest threat to anyone financially is simple - it's a lack of understanding and know-how, it's an aversion to risk, and it's a lack of decision making confidence."
If anyone examines their problems with trading, it will fall under one of these items.