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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TFF who wrote (4659)7/11/1998 10:15:00 AM
From: Susan Saline  Read Replies (2) of 12617
 
>>>Also remember that almost everyone paper trades at a profit and real trading is very different. The reason being is that it is virtually impossible to simulate the problems you will have executing trades and the corresponding stress that effects your decision
making.

I will share with you all, an execution that did NOT happen

This is a fine example of the difference between REAL LIFE trading and paper trading.

UCMP - Friday

I hold this about a month, at the price of 4 7/8. It is one I position trade on a regular basis. I also hold it in a real time portfolio on SI, as a trading contributor on the Z thread, short term trading, at the same price

It took a slow fall to under 3.00, in that month.

As I know the trading of it quite well, I know it moves on news.
So I wait it out.

It moved Friday ... very fast ... up 100%

Finger is poised to push sell button, after the initial run-up ... at $6.50 .... I push sell ... wait one long minute for the confirm .... it does NOT arrive.

$6.00
phone broker to confirm ... all lines are busy

I see 5.75

I see 5.50

5.00 broker gets on line ... now what to do ... profit gone

Very angry, I hang up, turn off the computer .... I give up

and this, my friends, is the difference between a paper trade and a real trade.

I do not need a recommendation to get another broker/brokerage ... that's pretty clear. This is the second time this has happened to me... so no lectures are nescessary :o(

anyways....I know many Z-ers follow this thread and maybe wonder why I did not sell UCMP yesterday ... and this is why

Sue ... realism is a lot harder than pretend
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