[johnnycakes78704]

I get most of my news from overseas sources. What/where are your favorite places to get your news?

[bathrobe]

I don't trade the news, so I am not paying for anything. I would just make sure if I did it was the fastest, most reliable news there was. Which would be bloomberg or Thomson/reuters. These are over 17k a year.

[johnnycakes78704]

Then what do you trade on?

[bathrobe]

Price action/Support Resistance

[johnnycakes78704]

So this is what you'd be interested in?

2nd Resistance Point:1,245.42
1st Resistance Point: 1,239.83
Last Price: 1,234.00
1st Support Level: 1,223.83
2nd Support Level: 1,213.42

Volume 336,893
Open Interest 2,805,344

I closed my overnight position at 1234.25 and reopened at 1233.75, closed out at same viewing falling prices.

[bathrobe]

not those numbers but yes

[johnnycakes78704]

Stopped today at 11:33 after a 15 point gain today over 4 trades.

If you paper traded and had similar results and then went live, what was the difference in your paper trading points vs real points?

I've decided to start trading in January instead of waiting until late February/early March. I'll be researching platforms and going with real-time practice accounts for a few weeks on different platforms to see what I like then take the plunge.

Originally Posted by bathrobe »

not those numbers but yes

what numbers do you look at?

[suckassjuice]

Yeah, it seems pretty obvious you're missing, not something, but a lot with respect to thinking your paper trading will emulate anything close to what you will get trading real money. Here's something simple to help you put it into perspective. I want you to keep paper trading and then report back when you have have lost money for at least five days straight. All I've seen you report is winning days. And since you can "game" your paper trading results, most end up doing this deliberately and/or unintentionally. You won't get cut that kind of slack (in fact, you won't get cut ANY slack) when trading live. Once you figure out how to lose paper money, then take another step, a real step. Set a goal of trading live for as long as you can until you have lost $1,000 in real money (consider it the first installment on your tuition because you will be paying it and probably lots more) and then have at it. You'll be humbled by how quick this drawdown happens and then you will begin to understand the gulf between paper and live trading. In the meantime, check out edabreu's post here...a thoroughly insightful post for you to chew on in the meantime.