Great advice and thanks. I do great on SIM. i am consistent. Just I freeze up LIVE. I make excuses I think, telling myself today isn't a good day. I would SIM, then go live and then go back to sim 3 seconds before entering a trade . . . . and then it be a winner.
I speak to other traders. I know that trading is something that is learned not a natural thing you are born with so I know this is something I can learn.
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Indeed it is, if it is thought that way. By that I mean, if someone had no care and only thought that sim and live are the same, then their feelings will be the same to either or. But when you have that feeling of "ohh man this live now," that feeling turns into your mentality, which makes you think with more fear when trading live.
When you can get rid of those emotional feelings on trading live, and keep level headed and think like a pro trader, you will start thinking differently about live trading.
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If your emotions between live and sim are too different, then you need to honestly ask yourself why this is. I think for the majority of people it really boils down to trading with money they can't afford to lose, or reliving past experiences.
If you are trading with money you can't afford to lose, then you aren't trading at all. Your just gambling.
For the second point though, what I mean is that some traders have emotional issues that are related to prior experiences from their own trading. For instance, early on they had a terrible and stupid habit of holding on to losers too long, so now years later in their trading that can still effect them in many psychological ways, maybe they now get out of trades too quick because they are too afraid to have any loss. Maybe in the past they've lost a huge amount of money in one bad day or trade, so now they over trade trying to dig themselves out of a hole, and go on tilt and make it worse.
In any event, to fix it you need to create a journal, record every single trade entry and exit, and then come up with a clear plan of how to improve, then measure yourself daily and hold yourself accountable. Simple as that.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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