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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Eric P who wrote (7417)6/4/1999 3:43:00 PM
From: Dan Duchardt   of 12617
 
Virtually anyone can be a successful momentum paper trader. Why? Paper trading is easy. Very easy

There are better ways to "paper trade" than with a paper and pencil. I currently subscribe to myTrack and use their "contest" as a paper trading vehicle. It gives artificially slow executions compared to direct access or even a good online broker. While this can be very frustrating, especially when trying to execute a stop, it is much better than getting lured into the mentality that every quote you ever see equates to a filled order. You can take some serious hits using this approach, but it's a lot more like the real world than doing it on your own. The cost for access to real time quotes with this or a similar service is a wise investment... about the cost of one round trip with a direct access broker for a whole month of paper trading.
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