Paper Trade First
It is important to initially trade a new concept or strategy on paper. Only
by seeing a pattern over and over again will you truly feel comfortable with
it. You must believe in its ability to repeat itself. If a pattern doesn’t
make sense to you, don’t trade it. If you don’t have 100 percent confidence in
it, you will not be able to overcome losing streaks.
—Larry Connors and Linda Bradford-Raschke, from
Street Smarts (1995, M.
Gordon Publishing Group, Malibu, Calif.).