Great post Train!
I was thinking of posting something encouraging and informative also.
But, I'm glad I waited....cuz you did it much better then I could.
The only things I would add is:
If you want to be confident in your trading, you better do some back testing and paper trading first on your strategies or plans. Then move into real trades after you see that it can work. Be careful though, because once you move into real trades, some things change.
Emotions are the biggest change factor. That's a toughy, at first. <g> Emotionaly, it is way easier to wait for the desired profits, as well as taking the losses that you mentioned, when it is only numbers on a sheet of paper. A book could be written on this, and probably has. <g>
Another "real" trade issue is your actual trade placement and execution. Lots to go wrong there, from the decision point, to the actual execution. Lots of variables that don't usually make themselves known when paper trading.
After also losing wayyyyyyy to many times, these are some things that I have learned.
FWIW!
:o)
EDIT: Also....DON'T SHORT THE SNORTERS!!
:o)
DSS club member