Learnthings
Learnthings Mar 11, 17 10:36 AM

I see paper trading as beneficial to learn how the software works, and to see charts develop in real time with lvl 2 and T&S tape. But i definitely agree with what I think is your main point. No matter what people say, PT simply does not evoke the emotional response. This, to me, is one of the biggest parts of trading.

DeeSniper
DeeSniper Mar 11, 17 10:41 AM

I agree paper trading lacks real life drama but don't agree it is without benefit. I see it as a stepping stone. As to the gurus well their voices/lessons in my head have kept me from making really stupid mistakes so many times. I'm thankful for the gurus.

RichDupre
RichDupre Mar 11, 17 12:03 PM

I tried paper trading using other platforms like TOS, but the problem was the data wasn't in real time. However, I used Stocks To Trade's paper trading platform for about a month, and it worked wonders for me. The data is real time and it helped me to master reading charts, order entry, Level 2, T&S, etc. It's very much like real trading (minus your money). I would highly recommend it even for just one month.

Learnthings
Learnthings Mar 11, 17 12:30 PM

@SnowDog as long as you don't cheat and look ahead a 20 min delay shouldn't make any difference...

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