G
Guest14692
Guest
As this is primarily for my own benefit, I’ll keep this short and sweet. This is going to be a progress thread. For a month, I will be paper trading the NASDAQ between the hours of 10AM-12PM EST (luckily, I was able to take a later shift at work.)
I will be using basic strategies that are freely available online. As long as human beings stay greedy, hopeful, and fearful, these strategies are timeless and will always be effective in the market if combined with proper execution and money management.
To start, I will be paper trading an account of $10,000. This figure will be used for risk:reward determination, actual profit/loss, and because it is the amount of real money I will fund the account with if all goes as planned.
If I survive long enough to incorporate a real funded account, I will start off by trading no more than 100 shares at a time, with an immediate 5-10 cent stop loss applied. From there, different step goals and eventually trading on margin. I’m very aware of the psychological differences between paper trading and using real money.
Until I have an account of $25,000 or above, I am limited to making three real intra-day trades/week (regulations). That means, I ultimately have to build $10,000 into $25,000 on three trades/week.
I will be as receptive as possible on the thread. Feel free to post any questions or criticism (keep it constructive).
Follow if you’d like!
-Joe
I will be using basic strategies that are freely available online. As long as human beings stay greedy, hopeful, and fearful, these strategies are timeless and will always be effective in the market if combined with proper execution and money management.
To start, I will be paper trading an account of $10,000. This figure will be used for risk:reward determination, actual profit/loss, and because it is the amount of real money I will fund the account with if all goes as planned.
If I survive long enough to incorporate a real funded account, I will start off by trading no more than 100 shares at a time, with an immediate 5-10 cent stop loss applied. From there, different step goals and eventually trading on margin. I’m very aware of the psychological differences between paper trading and using real money.
Until I have an account of $25,000 or above, I am limited to making three real intra-day trades/week (regulations). That means, I ultimately have to build $10,000 into $25,000 on three trades/week.
I will be as receptive as possible on the thread. Feel free to post any questions or criticism (keep it constructive).
Follow if you’d like!
-Joe
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
