Should You Paper Trade?
- Posted by Howard
- on July 27th, 2011
Everyone should keep a journal.
Everyone needs a mentor.
Microblogging is so popular because it has never been easy to journal. Twitter exploded because of the knowledge/network you could leverage.
In a world of Twitter and now Stocktwits for (investing/trading), discount commisions and penny spreads, should you paper trade?
I say no.
You can’t learn if real money and emotions are not on the line. It has never been easier to journal your ‘paper’ trades, but I say dive in small, journal your real investments, no matter how small they are and learn faster.
What say YOU?
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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