I have read to many books that say: Keep a journal!
Well here it is. I'm starting trading from next week around the 1st September almost daily the Mini Russel 2000 with a $5000 deposit.
I only day trade and will never hold positions overnight.
I use a system that contains a stop loss of 8 ticks. I trade with 2 contracts and move my stop loss to breakeven when I have a profit of 6 ticks. Then I take half off when I'm at a profit after entry of 17 ticks. I let the remaining contract run to see if there is more in the trade. I trail the stop for that remaining contract every time. The trading itself is mostly based on support/resistance breakouts. I enter trades on the 5, but make the decisions on the 10, and keep an eye on the 45.
I have done the basic studying and the main reason for blowing up past accounts is definitely without questioning overtrading.
Since it's only a small account of $5000 and I'm ready for public humiliation of you guys here I hope that I will be cured from my overtrading disease.
I see it as an experiment and again, I'm totally prepared to lose the $5000 but hopefully I will have learned a lot. Who knows when I explain my trades and mistakes here you guys can help me and I can learn even more.
I will always show you honestly what I did and explain to the fullest.
Sim trading is simply not working for me, I see sim trading as a way to test if the software technically is working but it takes out the emotion that bites me in live trading. It's absolutely no use for me to sim trade.