Impulsive trading, 4

...cont'd discussion about impulsive trading...

Here’s another idea for preventing yourself from blowing up your account through impulsive trading. Setup a simulation trading account where your trades are based on live data (not delayed data). Brokers who offer these include Interactive Brokers and Tradestation. You can channel your urge to do impulsive trades into the simulated account whenever you feel an urge to enter such unaurthorized trades. That’s based on the same reasoning as quitting smoking by using an alternative to cigarettes whenever you get the urge.

...cont'd tomorrow...

Website Home has MOVED to:
http://LeisurelyCashFlow.Googlepages.com

Copyright 2008 Raymond T. Lee. All rights reserved.
LeisurelyCashFlow
eMail me Comments