North Carolina
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
Posts: 644 since Nov 2011
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Be sure that your sim trading accurately and realistically modeled to your live trading. If you sim traded a 100k account and you are now live trading a 10k account, those are completely different ball games. There's a difference in "game trading" and real "sim trading". What trips up most novice traders is they engage in "game-style" trading. It is not realistic. This is why they think sim trading doesn't work. Sim derives from the word simulator. Simulation isn't real but strives to be as realistic as possible. You need to be honest with yourself and determine whether you were simulation trading or just playing a game. If you weren't always strict with placing stops then you might have took more heat than you realized or you might have been courting a disaster without being aware.
Sim trading needs to be long enough to give you real confidence to trade but there's no benefit to staying in the simulator too long. I'm not sure that one night of success is sufficient.
I advise always, esp with small accounts, to go with a dedicated futures broker and use the futures broker software for order execution. I know most third party programs like MC are quality programs. But, there are just too many variables when it comes to connecting to brokers or whatever. If you have a large account and lose a few thousands due to connectivity problems, it might be frustrating but if you lose it on a small account then it would be devastating.
I advise also to be aware of possible shifts in the market. It's a new year and there is a lot of potential for new market regimes.
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