Cant agree more. But keep in mind when you are used to paper trade (imagine more than 6 months, that is a long duration), it is not the same the moment you turn to real market. So there is pros and cons when you are talking about long term paper trading.

Sorry do not agree. I paper traded for many years and till today, I still find no shortcut. You want it, you got to earn it.

Market conditions just simply varies. So many different types. Their frequency and periods varies too. For example, there are pro longed bear markets, pro longed bull markets, a drifting market, market crashes, super bull runs. They all occur in different periods of time. Some takes years and years to happen.

Now if one trades the market long enough, they should very well be aware that one cannot adopt one or two market strategy all the time. That is, if one is specialists in breakout trading, they probably would have realize that in bearish market conditions, such strategy is more error prone. To just use it bluntly all the time would increase the frequency of trading losses. Now this is something one would probably pick up, if one had traded a long, long time.

6 months? You ain't gonna learn anything much......

This post has been edited by Boon3: Apr 29 2019, 11:57 AM

What do paper trading critics say...

1. Trade paper not same. Trade real market different feel.

2. You wanna learn, you need to pay school fees (market losses from doing point 1)

Well, look around. You should be able to see.....

Misread post

This post has been edited by Yggdrasil: Apr 29 2019, 09:50 AM

Don't worry! You can voice out your views.

What you said on the first reply do make sense given the history of market trend always find its way to repeat itself over the course of years and even decades.

Second reply sounded a little too 'pessimistic' ? It is not critique, it is how it always has been. I do not mean that you should not start with paper trading first. What I meant was people can/may try paper trading for a period of time but not any longer than you need to get yourself prepared on the basics.

You can still test out the patterns of certain stock with your strategies with paper trading throughout this period while getting into real market. But really looking back at our history, do you think any of the successful trader/investors whose now all elders ever done paper trading ? Do you think they ever had technology/features like that in the past ? No, not really.

Now that paper trading is so conveniently practiced with a fees, do you see any improvement say more successful investor especially the young ones becoming millionaires like KYY?
You dont need paper trade if your goal is long term holding, anyone knows that you need to buy low and sell high but you can never always anticipate a lowest entry price unless you can read the future or you are the big shark. You only do demo accounts when you are day-trader/shorting all the time.

Can we agree that you were referring to people who do short-term ?

This post has been edited by exdtan: Apr 29 2019, 05:31 PM

That you cannot understand my first posting shows that you are not experienced enough in the market. There's no way one can learn within a period like 6 months, for varying market conditions does not exist in such a short period of time. Plus could you ever really discover what you are good at and what you are lousy at in such a short period of time.

But hey, if you think you are good enough to take on the market with just a short learning period go ahead. By all means.

My second post is a sarcasm. Yup.

Paper trading or fake trading. The very unpopular subject in the stock markets and forums. LOL! Oh yeah, let me be the sarcastic bugger and mention it once more.

1. Trade paper not same. Trade real market different feel.

2. You wanna learn, you need to pay school fees man!!!

But then....

Since I am or rather I was extremely serious about stock trading and I wasn't prepared to be the silly pumpkin and lose tons of money (only to be consoled by them others who claims that's just school fees or tuition fees). I decided to find out if I was GOOD ENOUGH to trade the markets and more importantly I needed to find out what I am good at and what I will be lousy at. Learn it properly and without being the silly pumpkin or the stock market water fish. I wasn't going to mati katak just because I wanted to embark on this stock market journey.

And I realize then, this will be a long drawn process of learning. I was WILLING to paper trade for years. I looked at it objectively and considered other professions like Doctors or Lawyers. How many years did they burn the midnight oil and doing nothing but studying? And after that, the years of practice....

So what gives me the divine right that I could ever be a market whiz in a mere couple of months?

Hence I was ever willing to paper trade for years.

take for example, trading with using charts and indicators.

Ah, chart indicators. You have the ABC soup. RSI, MACD, MA, SMA, Stochastic, Fib etc etc etc....

Take the simple RSI indicator. Now the beginner would explore by noting market entries and exits using the buy/sell indicators generated by the indicator. Could I make this work. Hence, the paper trade to test it (of course, I would have had run back testing) . How long would I need? 1 month? 2 months of testing? What's my success rate? Mine was around a 52% success rate. Was I willing to embark on an adventure to trade full time with such success rate? I wasn't. It was like a flip of coin. Sometimes can. Sometimes cannot. Then I moved on by adjusting the period. I thought 14 days was too slow. Then I changed it to 10 days and even 8 days. (do google if this issue is confusing) And next I moved on by incorporating other indicators with the RSI. Indicators such as MACD, Stochastic and the SMAs. Slighty better but I wasn't comfortable with the success rate I had.....

And this took time. Lots of time. I had to make research and I had to make my own testing....

Even then, sometimes I questioned myself. Maybe I was just not good enough....

This learning process was long and it took years. At least for me.

Nvm let him learn by paying tuition fee to Bursa and i'm sure he will learn better from it

It took me few years to understand the market, but not totally 100%.

More or less what was discussed much earlier in this thread..

https://www.theedgemarkets.com/article/who-...s-and-companies

Hey boon,

Was tied up with work.

Yep I got your point. I do admit that the market is not doing very well. And especially today where the leader market has drop near to 1600 level.

Looking at 6 month chart, yes its losing. 1 year, that's bad. Looking at 5 years charts. Not that bad right after all?

However, this is not a trading ideas yea. Don't get me wrong 1st. What I suggest is just a hedging suggestion. While you are waiting for your perfect stock to trade, you can opt to put 30 - 50 percent of your capital in while waiting, not 100 percent in.

Well, some will argue, might as well do real trading, buying the sticks which recoded down rather than doing paper trade but buying other klse stocks? OK. I'll stop here. If those people like to do it, let them do it.

I believe cash is still needed to punt,not exchanging shares entirely.

Ok now back to. Trading shall we?

Trading? I think is not as simple as that. Some technical required. And importantly, many advise needed. 😄 I'm still looking and lurking for healthy advice here.

This post has been edited by squarepilot: May 13 2019, 11:21 PM

Wow. finally you shared some light after so many of talk cock sing song post. Salute

Do be more humble, share more of this

More on the serious side,

So many on cheap sale. Once a long time favorite homeritz has a good bargain with relative cheap price and recovering fundamentals.

Shares on my radars
1. YSPSAH. Price have been dropping without any news. Insider or some ppl desperate for money?

2. SLP and bpplatics. With the resin price is remains intact. It’s interesting to see what can a low ringgit benefit stocks like these

3. Hevea and homeritz. Also a good contender for weak ringgit theme play

4. Inari. Looking forward to see it breaking its support

Charts, any Good Samaritan? Or Shall put up this week once on my lappy

This post has been edited by spring onion: May 13 2019, 11:43 PM

.... and you are basically still asking about the same old stocks like Hevea, Homer..... after all these years....

Gotta say this... man, either are you stuck badly in these stocks or what?

It's not much of a problem for the rather slow reply and yes, if you have work, you have work.

Now this is where and what it's important. You have to take this issue seriously into your consideration, when you make your trade/investments. (ie. talking about work and the stock market)

I highlighted the charts just to show you that it's RISKY to assume that one should be ok if we follow them big institutions. The charts merely highlighted the fact.

And oh yes, you absolutely have the other interesting point. Looking at the 5 year charts, both stocks are still doing well (Tenaga done much better).
Now if I am one who wants to adopt on this 5 year theory, obviously I would find it tricky since the tricky part is how would we know if we buy now the stocks would perform as well as it had for its previous last 5 years? Would I dare risk my money based on this assumption?

'However, this is not a trading ideas yea.' - Do not worry. During my learning process, I questioned all sorts of theory put forward to me. That's just me and basically, I want to risk the least money, while attempting to make the big bucks. That's my philosophy. I detest people making bets in the stock market while attempting to make their 'kopi' money. It's like, don't they have any respect for money? Perhaps they are rich. Can afford to throw big, big money attempting to make the measly few bucks. It just doesn't make sense.

'While you are waiting for your perfect stock to trade' -- There are no such thing as the perfect stock. I am not delusional. All stocks, carries risk. This is the stock market. There's always risk.

Your hedging suggestion - LOL! No way.

The one bigger reason to paper trade a long time - well for me, it held true - is that it gives us the time to discover who were are. Discovering our capabilities and our weakness. Can I be an investor? Do I have all the tools to make it? Or perhaps, can I be a trader? What kind of trader am I? I am good at scalping? Am I good at swinging? etc etc etc etc.....yes, besides learning how to, I need to discover myself. How can I win the stock market war, if I do not understand what kind of a warrior I am?

Yes, people always insist that nothing beats real trading. Of course..... and that's until they lose some real money too.

Anyway, this topic is really like hound dog day for me. I have had always promoted fake trading for years. And yet here I am.

And those that argued and insisted on diving in for the real trading stuff (ie no pain, no gain) guess what? Where are they now?

This post has been edited by Boon3: May 14 2019, 10:31 AM

Well, I’m not stuck neither do I make money on average trade.

I’m just holding long term on Ysp and hevea on investment purpose and not trading.

Because I’m familiar with the stocks and forex play theme to come next due to BNM OPR cut?

I’m also monitoring Inari too as I will suspect it will fall to 1.22 range after the report is out.

YSPSAH, rebounded today. If I’m doing paper trade I’m not sure whether to enter tomorrow based on today price or chase the opening price. Let’s say I q at 2.45 tomorrow. Would it be wise to jump 2.50 or higher at the end of the day if it doesn’t reach 2.45?

This post has been edited by spring onion: May 15 2019, 01:34 AM

Hi everyone,, may i know which eod data service provider u subscribed if u r using metastock? I hv stopped trading klse for many years and my old provider is no longer in service. I have tried a few providers but the data quality is poor. Anyone got any good suggestion?

Thx.

Don't use metastock anymore. Nowadays I just use the charting software provided with the trading platform provided by the local brokerage.

There r many free charting softwares nowaday but the problem is i cant use them to do stock screening based on some unusual rules.

With metastock i basically can program everything i need.

Hahaha... yes, those self created SECRET formulas.... been there done that.
Done so much testing, just couldn't get the results I wanted. Realised that such trading just wasn't for me.
All my screeners were just so dependent on charts itself, I just coudn't get comfortable with it.
So I stopped using almost a loooong time ago.

GL