Investing 101

[bbgold]

Sounds Good Bob,
I agree with everything you have there. It is much better to Learn on paper than to Learn the Hard Way. Just as the game with the same phrase it can be easy to Crap out and lose your bet. After anyone has decided they have enough confidence from paper trading my other suggestion would be to start Small. If you limit the amount of money you start with and use only small orders then you will be limiting the amount of money at risk. As you gain confidence in your trading abilities then you can start to increase the size of your orders. Learning when to sell a losing trade is probably the hardest thing to do. You feel that when you made the trade you were Right in making it and don't want to be Wrong. That is where you would be influenced by your own ego to Hold the trade as you do not want to be wrong. This is where the Hope comes in as you are just Hoping you are right rather than reading the stock or markets and exiting the trade when it goes against you. Probably getting too far ahead of the learning curve here so I will wait to see if anyone posts some questions. Is this going to be a Free Zone board so that everyone can post on it?
Take Care Bob :^)