I agree! One should avoid rushing and diving into live trading hastily. Instead should take his time and practise enough till he starts making consistent profits.I’m not sure it’s worth speeding it up, if it needs more time then take it as will benefit you in the long run
Yep this is true. Certainly immense hours of practise are required. I wouldn't even call it pain-staking. Its actually "rewarding" to find strategies that do not work. This is because it "saves you money" trading blind as it were. I love backtesting and happy to share/discuss the various techniques I have used over the past 20 years or so with anyone offline. Just PM meIf there’s one thing that practice is synonymous with then it’s hardwork. There’s no shortcut or quick way to practice. Whether you like it or not, you have to grind yourself. There’s a popular rule in outliers which states that a person needs 10,000 hours of intensive practice to master a skill and it’s true.
Paper trading is good - Don't cheat! Journal your trades. Have a plan and stick to it. Trade in multiples. You can liquidate a portion and hold the rest. Short term trading is a great way for beginners to lose their $ fast. But then again I've only been in the markets for 50 years...Hi there guys,
I have a paper trading account on trading view so I can practise but it is taking so long for my trades to play out. Is there anyway I can use my time more effectively so that I can learn faster? Thanks in advance.