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From paper money to real money?

  #20 (permalink)

Detroit, MI
Trading Experience: Master
Platform: Sierra Chart
Favorite Futures: NQ, CL, ES, GC
Posts: 94 since Jul 2011
Thanks: 16 given, 122 received

Calming View Post
Thanks for the input. A couple of follow-up questions.

What percentage of trades should be profitable in SIM to consider oneself profitable? Some say around 60%.

Where can one find examples of written down methods?

What else should one figure out before going real?

Well as far as trade percentage % in sim to consider oneself profitable will completely depend on the method being traded. Methods with 30-40% win rates can be successful because the risk to reward ratio is very high. Different trading methods have different parameters regarding risk reward ratio's, win rates, etc.

Regarding examples of written down methods, well I wish I had They are out there and probably on this site if you look at the trading journals. This site is a great resource for new traders.

Well, you need to come up with a method or work with someone already successful, start with a single trade type, have it written down, work through the math and factor in commissions and slippage, trade in sim, get profitable in sim, and when your ready consider going live with 1 contract (all in all out).

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