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From paper money to real money?

  #34 (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


oldporkchops View Post
Every trader is different. The major factor influencing this progression is trader psychology. Master this before all else.

Yes, and the medicine that helps cure issues related to psychology is having trading a method where you know the win/loss ratio with specific entry, exits, knowing when your wrong, etc. If you take 3 losers in a row you still need to feel confident when you take that next trade that your trading a method that has been backtested that you have proven to yourself that works.

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