Paper Trading is Boring

Do it anyway.

In this episode of line your own pockets my co host and I talk about he pros and cons of paper trading as a method to test your system.

Not just for new traders but should seasoned pros be paper trading new ideas? My vote is yes. Paper trading allows traders bridge the gap between backtesting and live trading.

For example imagine you build a system that looks great on paper and the moment to take it to the paper world it falls apart. There are a few things that could have happened.

• Liquidity: maybe the fills the backtest was getting were unreasonable

• Your Code: I once built a system that looked ahead one bar of course this died the moment I started testing.

So why don’t more people do it? It’s boring. Once you take all the risk off the line you also decrease any enjoyment in the process of trading.

To bad. Do it anyway. We eat healthily and go to the gym not because we will get results today but we know that we will down the road. Paper trading is no different you will not make money today by doing it but you WILL increase profits down the road.

If you want to trade with a provable edge getting access to the output of my algorithms and hang out in our discord click HERE.