STEP THREE - Virtual Trading
Now you will begin practice trading. Your goal will be to make good trades; trades that are profitable. Keep track of your trades in a spiral notebook. You do not need to write everything down because ThinkorSwim will keep track of that for you. So in your notebook make four columns with the following headings, one for each columnn: DATE, # OF LOSING TRADES, # OF WINNING TRADES, # OF TOTAL TRADES, % WINNING TRADES. When you are ready to start, send me an email that says "I am ready to start virtual trading!". I will send you a file via email that you can copy into your Think orSwim workspace. It will be a file with a chart containing specific studies and styles. Once you open the shared items in ThinkorSwim you will need to name and save each of the study sets and the styles. This will be a simplified version of what I use. The following disclaimer will also be included in the email:
- DISCLAIMER: I DO NOT GIVE INVESTMENT ADVICE. I AM NOT RESPONSIBLE FOR YOUR TRADING DECISIONS. EVERYTHING I SHARE ABOUT TRADING IS FOR EDUCATIONAL PURPOSES ONLY. YOUR DECISION TO BUY AND SELL STOCKS, WHAT STOCKS YOU DECIDE TO BUY AND SELL, WHEN YOU DECIDE TO BUY AND SELL IS YOUR OWN PERSONAL RESPONSIBILITY. THE BENEFITS AND CONSEQUENCES ARE YOUR OWN TO BEAR. EVERY TRADER, INCLUDING YOU, LOSES MONEY. THIS STATEMENT WILL APPEAR IN THE ABOVE TWO EMAILS. BY REQUESTING THE STUDY SETS AND STYLES YOU ARE ACKNOWLEDGING THAT YOU HAVE READ AND UNDERSTAND THIS DISCLAIMER.
