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No. of Recommendations: 3
"Will this work in the real world?"

Uh.... er.... uh... no! While paper trading is a highly recommended and worthwhile educational tool, Real World means real money with which one tends to be less cavalier, more cautious and emotionally involved.

A 15% loss is unacceptable to most traders including myself. All things being equal, with your present system a single loss would take six successful trades to come back to your starting point (6 X 2.5 = 15). And a 6:1 success ratio is not something a novice trader should count on when playing with real money.

I recommend reviewing and readjusting both your stop loss and target sells.

On the gain side, if your "minimum acceptable gain" is 2.5%, why not move up your trailing stop when it reaches that point, then start following the price movement closer and see how high the stock will climb.

As the previous poster pointed out, most short term traders shoot for a higher rate of return than your target. A 2.5% gain is fine if you're day-trading and are able to crank in a half dozen or more trades a day, and you're playing in sufficient quantities so your commissions are insignificant in comparison.

Go back two or three years on this board to a time when we were busier, and you'll learn a lot from the posts you'll read.

And don't be afraid to ask questions here.

~aj
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