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Old 06-24-2005, 05:21 PM   #6 (permalink)
eribrav
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Location: upstate NY
I would add one more key question: Have you developed a true method to your trading? Can you write it down and explain it to someone else? Can you backtest it and show it has worked in the past? Can you establish what your odds of a winning trade are and (far more importantly) when you will cut the losers?

I can assure you, it is not going to be easy. Essentially everyone you will be trading against is going to have more experience, more knowledge, and better skillls than you, at least for several years. Paper trading is a great way to learn but realize that when you have real money on the line, it's going to feel a lot different.
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