Transitioning from simulated to live trading

BlitzMX · **Joined:** Tue May 25, 2010 7:30 pm **Posts:** 18

Trade to trade well... not to make money.

erin007 · **Joined:** Tue Feb 16, 2010 9:26 pm **Posts:** 8

hello!

thanks for the input and suggestions - much appreciated.

i went live, then back to sim, now i'm weaning myself off. i agree with forgetting about the money (to the extent that that's possible) and staying present being key. thanks MT. having enough in your account that you don't need to stress out about a loss is also key. other things i've noticed in case anyone reads this:

i review my trades every day and take notes about why they don't work (if i have time i review the winners too but generally focus on the losers).
i start the day in sim, take 2 or 3 winners to get confidence up and then switch. that helps.
i also understand my system a lot better now. a carpenter may have a truck load of tools but without understanding how to use them...etc etc.
i'm sticking with 1 contract for now...despite joev's advice (hey joe! nice to see you here...). it is harder to get ahead but it's less pressure also.
after a few wins i stop. confidence is more important than profit at the moment. no need to push my luck too far.

happy trading gang! i hope all yall r raking it in.

greygoose · **Posted:** Thu Jun 10, 2010 8:25 pm

Hello,

Good to hear your progress!! Sounds like your doing everything the way it needs to be done for you to succeed.
Awesome!!

erin007 · **Joined:** Tue Feb 16, 2010 9:26 pm **Posts:** 8

thanks goose.

Bon · **Joined:** Fri Nov 20, 2009 9:54 am **Posts:** 269

And now Erin. How goes the Mindset side for you now ?

MonkeyTrader · **Joined:** Fri Nov 20, 2009 1:10 pm **Posts:** 133

joev wrote:

Hi Erin:
I think if you follow the money management here by which you sell half up 5 or 6 cents and bring your stop to break even +/- alittle you may get banged out and not get the full benefit of a runner but once in a while you will. this atleast takes the heat off of the runner and lets you trade without having to make many decisions. then just let smithy find you a target trail it a bit and it should work out. if you trade just one contract its too hard , two is easier and i believe safer

1 contract is very hard. Agree with this.

Transitioning from simulated to live trading

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