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Old 06-10-2007, 10:50 PM
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Re: Newbie Questions.....

MP - good question on how long to papertrade. It's a personal decision, but I have found that when trading on a sim, it's too easy to get lax. I would suggest trading live as soon as you are comfortable but start with a very small trade amount. Since trading the ETF's, you can literally trade one share. I realize that commission on one share is probably not effective, but that's not the point. The point is to get some REAL money on the table, REAL money at risk and see how YOU react in those scenarios. It becomes personal when your hard earned money is at risk. You need to prove to yourself that: 1) you can do this live with real money and 2) your system makes money.

Good luck!

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