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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: dpl who wrote (2793)	2/2/1998 9:53:00 PM
From: TFF	Read Replies (1) \| Respond to of 12617

dpl: I agree. Real money makes alot of difference even if it as a small amount. The individual should not consider slippage in this situation, but just the cost of an education.

To: dpl who wrote (2793)	2/2/1998 10:00:00 PM
From: Eric P	Read Replies (2) \| Respond to of 12617

David: <<A lot of paper trading followed with a lot of trading real money in as small amounts as possible.It is different with real money.The size can be increased little by little.>> Good point. I have definitely, and all too frequently, seen first-hand how "real-life" trading can be much more difficult than paper trading. I'm sure many of us know the feeling of seeing a position go quickly against us and not being able to close the trade until >= 3/4 point have been lost. This can be impossible to recognize while paper trading or backtesting. Often you can tell if your trade will be successful from the very beginning by the following cruel test: 1) If your order was filled quickly...You will likely lose money on the next immediate swing in the stock. 2) If your order does not get filled quickly, or at all... You likely had the right idea, and would have profited if only you had gotten filled! Note: I only wish this post was in jest... Beware the marketmaker! -Eric