Play It On Paper- Clappy's Newbie Option Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Play It On Paper- Clappy's Newbie Option Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Perry Ganz who wrote (34)	7/22/2000 9:42:47 AM
From: Clappy	Read Replies (1) of 176

Hi Perry. Thanks for posting your moves and your advice. You wrote: I guess it depends on the individual but what I found about paper trading was that it does not compare to the real thing because the emotion thing is such a big part of the whole show, but that is just me. In the past, I've been a very emotional investor. It has cost me dearly as of this Spring's sell off. Since then, I've been trying to eliminate emotions from my trading. It hasn't been easy. I find it difficult to not buy into hype or into a stock with a great story behind it. Often I find myself scouring the various tech stock boards looking for inspiring stories of promise about some company. I then speed through DD and make a purchase based upon all the great things that I've read. I even let my emotions bend the charts to see pictures and formations that are not there. I let my excitement get in the way of common sense. Then at some point I watch this gem of a stock begin to dip. Usually when it reaches an extreme low, I begin to panic and often sell before it's too late. (Often at a loss...) Only recently have I been able to disengage my emotions from my trading. I'm beginning to develop a mind frame that is more mechanical than emotional. I've been quicker to take profits and move on. If I feel greed beginning to take control, I force myself to take some off of the table. Now I intend to try to learn options trading by recording all transactions on paper. I realize this won't give me the full flavor as live trading with real funds. However, I'm hoping that I can begin to develop non-emotional habits that I can carry with me to the big leagues. We'll see how that works... I'm hoping that you continue to post your welcomed advice and trades. I can sure use the help. I've been reading about the various bull and bear strategies. As soon as I build this fictitious account up, I plan to try trading these various methods of limiting or increasing risk. I'm not sure how those more complicated trades will play out on paper. We'll see. Thanks again. -Clappy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next