{"id":2260,"date":"2019-06-17T06:00:25","date_gmt":"2019-06-17T13:00:25","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2260"},"modified":"2019-06-13T18:52:18","modified_gmt":"2019-06-14T01:52:18","slug":"from-paper-trading-to-real-trading-with-contest-winner-dj-dini","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/from-paper-trading-to-real-trading-with-contest-winner-dj-dini\/","title":{"rendered":"From Paper Trading to Real Trading with Contest Winner DJ Dini"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-102-from-paper-trading-to-real-trading-with-chris-dj-dini\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s hard to believe that it\u2019s already been months since the SteadyTrade <\/span><a href=\"https:\/\/www.steadytrade.com\/paper-trading\/\"><span style=\"font-weight: 400;\">Paper Trading Challenge<\/span><\/a><span style=\"font-weight: 400;\"> came to a close. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the competition, winner Chris (aka DJ Dini) seriously killed it with a combination of diligence, determinism, and dedication. But how\u2019s he faring now that he\u2019s graduated from paper trading to live trading? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In today\u2019s episode, hosts Tim Bohen and Stephen Johnson check in with DJ to see how he\u2019s doing, what he\u2019s trading, and to discuss the transition from paper trading to real trading. <\/span><\/p>\n<h3><span style=\"font-weight: 400;\">How\u2019s It Going? <\/span><\/h3>\n<p><span style=\"font-weight: 400;\">While making the jump from paper trading to live trading can feel scary, DJ believes that the key to a successful transition is taking paper trading seriously. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">He says that the Paper Trading Challenge was almost like a six-month intensive for him, a great basic training for the real trading he\u2019s doing now. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looks like this mentality paid off: As of this recording, DJ reports that his account is up about $5K! <\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Adjusting from Paper Trading to IRL Trading <\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Paper Trading Challenge ended in March, and DJ started live trading in April. But as he quickly learned, there were quite a few bumps along the road in terms of adjusting, including:<\/span><\/p>\n<p><b>Brokers. <\/b><span style=\"font-weight: 400;\">On a paper trading module, you can basically execute any type of order you\u2019d like. In real life &#8230; not so much. Different brokers have different capabilities, strengths, offerings, and more. Since going live, DJ is getting quite the education.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In his few months live trading, he\u2019s worked with several brokers, including E-Trade, Merrill Edge, Interactive Brokers, and TradeZero. Learn about his experiences and why it\u2019s so important to find a broker that suits your specific trading needs.<\/span><\/p>\n<p><b>Discipline. <\/b><span style=\"font-weight: 400;\">Is DJ getting into hot water with trades, or is he sticking with his discipline? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">DJ confesses he thinks \u2018<\/span><i><span style=\"font-weight: 400;\">why did I do that?<\/span><\/i><span style=\"font-weight: 400;\">\u2019 about his trading at least once a day. More than once, he\u2019s noticed that his own actions set him back in trades. But this doesn\u2019t need to be a bad thing. The key is learning lessons from these moments. Case in point: Check out his \u2018don\u2019t short on Friday afternoon\u2019 lesson. <\/span><\/p>\n<p><b>Motivation. <\/b><span style=\"font-weight: 400;\">DJ talks about how as a live trader he needs to create sources of motivation for himself. He talks about the power of setting goals, and how programs like Profit.ly can help add a friendly layer of competition that inspires to keep on trading. <\/span><\/p>\n<p><b>Order fills. <\/b><span style=\"font-weight: 400;\">With paper trading, a stock\u2019s float doesn\u2019t matter much, and your order will pretty much always be filled. But in real life, this doesn\u2019t always happen. There are many more mechanics at work in the actual market. He talks about adjusting to this and how he\u2019s learning to maximize spikes with long positions.<\/span><\/p>\n<p><b>Setups. <\/b><span style=\"font-weight: 400;\">In the episode, DJ talks about how his setups have changed, and how he\u2019s taking advantage of some other <\/span><a href=\"https:\/\/stockstotrade.com\/\"><span style=\"font-weight: 400;\">StocksToTrade<\/span><\/a><span style=\"font-weight: 400;\"> tools, like Oracle, which offers a step toward algorithmic trading. Programs like this can offer invaluable guidance for new traders! <\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Top Three Takeaways<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">DJ has these three tips to offer paper traders who are considering taking the leap to real trading:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If you\u2019re going to paper trade, turn on the virtual fees. Fees are a huge part of actual trading, so it\u2019s best to get used to it early on. Set it to $5 or $6 per trade for a more realistic view of trading.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Use paper trading to verify patterns. Paper trading is the next best thing to trading live, and it can help you feel out how you might react in the heat of a trading moment.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Know that you can move a stock. While you don\u2019t have to pay too much attention to a stock\u2019s volume and float in paper trading, you really do with live trading. Depending on your position size, YOU could be the reason why a stock stops running. \u00a0<\/span><\/li>\n<\/ol>\n<h2><span style=\"font-weight: 400;\">Got Questions?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Have a burning question about anything in this episode or about trading in general?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ask away! Added bonus: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. So speak your mind &#8230; we love to hear from our listeners. You can send questions via the <\/span><a href=\"https:\/\/www.steadytrade.com\/\"><span style=\"font-weight: 400;\">SteadyTrade<\/span><\/a><span style=\"font-weight: 400;\"> website, <\/span><a href=\"https:\/\/www.youtube.com\/channel\/UC5pPaJfbfRHQ1msJ4bSj_dQ\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">, or by <\/span><a href=\"mailto:admin@steadytrade.com\"><span style=\"font-weight: 400;\">email<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>How much do you love this episode? Leave us an <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes review<\/b><\/a><b>! <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s hard to believe that it\u2019s already been months since the SteadyTrade Paper Trading Challenge came to a close. During the competition, winner Chris (aka DJ Dini) seriously killed it with a combination of diligence, determinism, and dedication. But how\u2019s he faring now that he\u2019s graduated from paper trading to live trading? In today\u2019s episode, [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>From Paper Trading to Real Trading with Contest Winner DJ Dini<\/title>\n<meta name=\"description\" content=\"It\u2019s hard to believe that it\u2019s already been months since the SteadyTrade Paper Trading Challenge came to a close.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/from-paper-trading-to-real-trading-with-contest-winner-dj-dini\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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