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From paper money to real money?

  #16 (permalink)

Legendary Market Wizard
Columbus OHIO
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES,
 
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Babool View Post
Well, I would not go live until you can prove to yourself you can be profitable in SIM. If your profitable in sim, cut your winners in half and keep all the losses, are you still profitable. SIM is very different than live. Do you have a method that you trade ? Is it written down ?, Is it consistently profitable ? Do you know what your win/loss ratio is ?, etc. There is a lot you need to have figured out before you go live....or you can be like most others and blow out a couple accounts while you learn...but it is not necessary as a rite of passage.

I forget who said this but it goes something like "trading is similar to ridding a unicycle down the street trying to keep your balance while juggling fire dogging on coming traffic all while there's a monkey dancing on your head " so that's what you have to look forward to.



-P

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