[gareth284]

For my first few years paper trading I used old MS Word. I would write the prices down for trades I did. I would also do a little recap at the end of the day saying what worked, what can I try different. I’d also use it to make up trade examples. Say XYZ suddenly dropped 30% this week I would go back and pretend I was assigned 300 or so shares the previous week to the drop. I would then play it out real time going forward as I try to repair the trade.

I also liked writing the trades down as I was still learning this would I found helped me rather than clicking buttons on a app

[gareth284]

I like checking the leaps as well for stocks that have dropped. ADBE was one I sold recently (Jan 2023 $500 put)

[gareth284]

Thank you for the reply Teddi. Much appreciated!

[gareth284]

Thanks Teddi. I will add this to my trading rules.

[gareth284]

Thought I would give a quick update. I moved my account to PM in August and have been very happy so far. With PM I have been able to get more out of my account using the same trades as when I was Reg T.

I’m using around 35% available margin as my base and have gone as high as 45-50% when opportunities present themselves. My strategies are naked puts, put credit spread and RIC.

My goal is to do this full-time starting December 2021.

[gareth284]

Thank you Teddi!

[Author]

Posts