chesterjohn
Biedrs kopš
16 ieraksti
Apr 21 2018 at 12:17
How long did you spend on a demo account before going into real trading?
I've been trading 3 weeks on demo accounts. It's 2 different accounts because I started a new one to replicate exactly what my real account will be, the other is now a mess about account to play with.
I've got 3 consecutive profitable weeks totalling about 16% with 6% dd. I'm keen to get started, but still making to odd silly mistake. How does my record sound to people who are experienced?
I've been trading 3 weeks on demo accounts. It's 2 different accounts because I started a new one to replicate exactly what my real account will be, the other is now a mess about account to play with.
I've got 3 consecutive profitable weeks totalling about 16% with 6% dd. I'm keen to get started, but still making to odd silly mistake. How does my record sound to people who are experienced?
snapdragon1970
(snapdragon1970)
Biedrs kopš
1944 ieraksti
Apr 21 2018 at 14:27
About a year ,then a small live account for further testing.
My advice is close the mess about account, focus on the one that matters
It's too soon to say how it will go ,need a longer time frame to evaluate
My advice is close the mess about account, focus on the one that matters
It's too soon to say how it will go ,need a longer time frame to evaluate
"They mistook leverage with genius".
chesterjohn
Biedrs kopš
16 ieraksti
Apr 22 2018 at 06:47
A year? Wow, that's a lot longer than I thought. I know I need longer to refine things and stop the stupid losses I keep making. I was thinking more like 3 months of continual profit combined with an improved win/loss ratio and I'd take the plunge.
snapdragon1970
(snapdragon1970)
Biedrs kopš
1944 ieraksti
Apr 22 2018 at 11:38
It depends how much free time you have ,without any professional help that's about how long it takes to build good habits ,even if you can make those losses smaller it would make a good improvement,just be more selective of entry point.
"They mistook leverage with genius".
LongVision
Biedrs kopš
254 ieraksti
Apr 23 2018 at 06:28
It is better to trade with a cent or micro account.Real money trading is different from demo trading because of human get emotional when there is money involved and trading psychology will change.
The market will trade through it’s path of least resistance .
bcp95
Biedrs kopš
2 ieraksti
Apr 23 2018 at 06:47
I am still on a demo account since the beginning of february, but i am thinking about to start a real account.
chesterjohn
Biedrs kopš
16 ieraksti
Apr 24 2018 at 06:11
LongVision posted:
It is better to trade with a cent or micro account.Real money trading is different from demo trading because of human get emotional when there is money involved and trading psychology will change.
I understand what you're saying. Although I'm hoping to avoid that situation because once I start the account, I am going to try and behave like that money is gone and react as if I am with a demo account. We will see how that works, but I think I have the right personality to do that. I think a cents account wouldn't really work for me, because the losses and gains would be too small vs what I earn in my real career to actually have an emotional response to it.
TradingtheCloud
(TradingtheCloud)
Biedrs kopš
38 ieraksti
Apr 24 2018 at 06:18
chesterjohn posted:
How long did you spend on a demo account before going into real trading?
I've been trading 3 weeks on demo accounts. It's 2 different accounts because I started a new one to replicate exactly what my real account will be, the other is now a mess about account to play with.
I've got 3 consecutive profitable weeks totalling about 16% with 6% dd. I'm keen to get started, but still making to odd silly mistake. How does my record sound to people who are experienced?
Typically demo trading starts once you have completed backtesting and has some form of trading rules or plan. Then forward test to verify if the results correlate with your backtested results and then you fine tune it further.
I have put together a 10/20/30 Rule which I have crafted for anyone to build a robust strategy quickly. PM if you want a free copy of my ebook on 10/20/30 Rule.
tanvirur
Biedrs kopš
1 ieraksti
Apr 26 2018 at 06:53
The demo account should be practiced even after opening a real account. Especially when the functionality of the strategies is checked.