Tackle Today: Is Paper Trading the end of your journey to a professional trading career? 🔚 | Tackle Trading

≈ Everyone has a plan until they get hit. ≈

My career as a trader started like most people, by accident. But unlike the majority, I first made tons of money-beginners luck, and then went and got an education.

Every mentor of mine kept on saying: “Before you jump all in, make sure you double your paper account”. I agree with this statement. All of my teachers were right about paper trading. I think that everyone should spend a fair amount of time learning the skill of technical analysis, using strategies, finding entries, calculating stops, targets, etc. And if you are an options trader, learn how to read the options chain and understand risk graphs.

Learning how to use your trading platform should also be done in a DEMO account. The rule of thumb when I was learning this craft was to double my paper trading account before going live.

But is this the end of the learning curve? Are you ready to jump into the live Markets with both feet? Did you see it all in markets yet?

Mike Tyson once said: “Everyone has a plan until they get hit.”

Read the full story: “Is Paper Trading the end of your journey to a
professional trading career?”

Chart of the Day: The path of least resistance

Always chose the path of least resistance. Trade with the trend.

Read the full story HERE.

Video of the Day: How to reset a Paper Money account in Thinkorswim

Learn how to look up your trading records and how to reset your paper money account balance in Think or Swim.

Financial freedom is a journey

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Originally published at https://tackletrading.com on May 11, 2019.