The usual refuge of those who can't support their view.
In forty years of trading, nineteen of it online, I've never known anyone who learned trading by "doing" -- and by "trading" I mean substantial money, not hobbyists -- without blowing their accounts two or three times, and even then not doing much better than break even.
But if that's the route beginners want to take, nothing can stop them. Until they go broke.
No, I knew you could not resist not having your last word as usually and that is why I said it, it is stronger than yourself, shows your compulsive need to be right, which is not a good prerogatives of a decent trader and a clear signal...You cannot control the market ......
Going back to the paper trading, you can paper trade as much as you want and whatever you like but you have not traded, you have not dealt with what matters most, which is YOU, but you have only dealt with your imagination of yourself.
Paper trading will not in my opinion teach you a darned thing about the real market world. I will only give you a sense of false confidence and could very well frustrate you to the point of error.
Do you have a serious of losing trades? Reduce your risk to a minimal till you are ready again. Do not paper trade.
Here we suppose the trader has a plan, if a trader has $100000 to trade, he can start with $100 or whatever he feels comfortable to lose with. Not risking more than 2% per trade and not more than 6% per day. He will not go broke if he uses a reasonable MM method and he probably will never lose that initial $100.
If he does well he can inject more money in steps in way that make sense to himself.
In the mean time what ever happens at the end of his period monitoring himself he will have learned a lot about himself. Trading is doing it not imagining. He has not wasted time and more importantly he has not shifted his perception in the direction of imagination.
Only people with not any idea of how to trade will promote paper trading to others as brokers do giving the impression of a finer gap between reality and fiction (the gap is HUGE), brokers knows very well most traders will fail (at their advantages) when it comes to real trading after being confused with the results in paper trading, it is THEIR WAY how to hook people to trading, they brainwash people giving them the false perception that paper trading is very close to real trading. A bit of a scam
OPEN A NEW ACCOUNT TODAY, PAPER TRADING WITH $100000.
Do you know any broker which does not promote the above?
40 years in the business does not mean you have grasped it or you know what you are talking about, actually it proves the opposite where your stubbornness wanted to be right has prevailed by only making you shortsighted. You commercial status also confirms it, "if you cannot master it, teach it".
Said that I do not care if you paper trader or not, I gave my perception on the matter like any others on the forum hoping some will see what I mean which is based only on my experience in trading (I know is not conventional, but I am not a conventional man).
I do respect your opinion but please give others a bit of space to express themselves as they wish without constantly being on their back trying to impose on others something that only exist in your head.
Now to be honest if you do not mind I am not having fun in this constant ego wrestling, I would prefer more of constructive criticisms where the communication is stimulated and different experiences are shared without trying to impose absolute truths. You are not holding everyone truth here but only yours.
I will leave you and your followers to comfort each others with your likes.