Everyone that wants to start in on a day trading career has dreams of making serious profits right away. But how realistic are those dreams? Not very. Many aspiring day traders head out into the real-world market with a nest egg of something like $10,000 and a few library books on investing. They come out a few months later, older, wiser and 10 grand poorer.
Brutus, a marketing specialist just outside San Antonio, saw that transition up close and personal. His brother, Greg, always the more impulsive one, took some some of his college loan stipend and set out to make a fortune day trading, without much forethought. As you can probably guess, he got himself into quite a financial pickle.
Brutus took it upon himself to set things right. He was bored in his gray cubicle all day anyway, working on analytical marketing spreadsheets. He stumbled across Warrior Trading on Facebook one day, whiling away the morning before his boss was going to ask for the latest spreadsheets at 11 am.
Brutus was a more calculating, less impulsive and more studious person than Greg. He was intrigued by the simulated trading option that Warrior Trading offered in its courses. The chance to learn the basics and then test those skills in a no-risk environment was what hooked him. Brutus did not want to lose his savings on a whim.
Paper trading is a way for student traders to take what they learn in Warriors online courses and practice trading in a simulator. That means that you can test out what you learn without putting up cold, hard cash. You can spend time learning the intricacies of Warrior’s momentum trading strategy or the gap and go technique and then implement those practices in a trading simulator that mimics the real market. So you are free to make mistakes that will not hurt you in the pocketbook. In fact, you will be able to capitalize on your own mistakes. That is to say, you will absorb them and learn from them. With very little penalty.
Brutus put in his time with Warrior’s courses and then took a few months in the trading simulator. Risk management is always an important part of day trading and this is risk management writ large: take your time in the paper trading environment, so you can work yourself up to an average of $200 in simulated profits, before you take your show on the road.
Once Brutus got onto the regular market, his experience with the trading simulator paid off. Within six months, he had made back enough profits to pay off his brother’s debt and then some. Greg became an able and willing apprentice and is currently working his way through Warrior Trading classes now.
That was Brutus’s success story with the trading simulator. What will be your success story?