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Crude Oil : Demo


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Crude Oil : Demo

  #1 (permalink)
Moneyreaper77
US Phoenix Az
 
Posts: 66 since Apr 2017
Thanks Given: 62
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Here's a trade I got in on this morning. My target was $49.00, which was hit only after I got stopped out with a profit $1150 I was Short 5 contracts. I manually trailed my stop a little to close I didn't give the trade enough breathing room this morning. Anything over a minus or 0 is a good trading day in my book, but we all will always strive for great or awesome trading days!


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  #2 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
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Nice trade.
As a suggestion though, only sim trade in a style and with the number of contracts that you intend to use when trading live.
If you will be trading 5 contracts live then great, but if your account size means you will only trade one for example then things will be very different. For instance If you are used to $1,000 days on sim then live you are 'only' making $200 that might make you overtrade or do things you weren't doing in sim to try and make up the extra money.

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  #3 (permalink)
Moneyreaper77
US Phoenix Az
 
Posts: 66 since Apr 2017
Thanks Given: 62
Thanks Received: 17


Got in on this trade this morning my target is $48.00 I'm short 5 contracts


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  #4 (permalink)
Moneyreaper77
US Phoenix Az
 
Posts: 66 since Apr 2017
Thanks Given: 62
Thanks Received: 17


matthew28 View Post
Nice trade.
As a suggestion though, only sim trade in a style and with the number of contracts that you intend to use when trading live.
If you will be trading 5 contracts live then great, but if your account size means you will only trade one for example then things will be very different. For instance If you are used to $1,000 days on sim then live you are 'only' making $200 that might make you overtrade or do things you weren't doing in sim to try and make up the extra money.



Thanks for the advice, it's funny you advised me of this because I think it was a week ago I was thinking to cut back to 1 contract. I plan on trading the Topsteptrader combine ( when I get the extra money) so I was trying 1 to 5 contracts on Crude and 1 to 3 contracts on the /ES. If you have Instagram check out some of my trades there my screen name is the same Moneyreaper77. I will be posting my trades and Demo trades here from now on. Thanks so much again


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  #5 (permalink)
Moneyreaper77
US Phoenix Az
 
Posts: 66 since Apr 2017
Thanks Given: 62
Thanks Received: 17


Moneyreaper77 View Post
Got in on this trade this morning my target is $48.00 I'm short 5 contracts


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Trade Update
I manually got out of the trade because I didn't know if I would be able to monitor it like I should and I wanted to be out before the News on Wednesday. Anyway not a bad day, played the /ES as well and got out early because I couldn't watch it at the time like I needed to, the family responsibilities were calling lol, soon as I got out of the trade the bottom fell outwhich would have benefited me because I was short 3 contracts, anyway that's the way the cookie crumbles sometimes.


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  #6 (permalink)
Moneyreaper77
US Phoenix Az
 
Posts: 66 since Apr 2017
Thanks Given: 62
Thanks Received: 17

In trade @ $46.06 short 3 contracts. I will update with my target


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  #7 (permalink)
Moneyreaper77
US Phoenix Az
 
Posts: 66 since Apr 2017
Thanks Given: 62
Thanks Received: 17


Moneyreaper77 View Post
In trade @ $46.06 short 3 contracts. I will update with my target


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Stopped out with a profitbefore I can set target


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  #8 (permalink)
Moneyreaper77
US Phoenix Az
 
Posts: 66 since Apr 2017
Thanks Given: 62
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I traded myself into a $1400 hole yesterday I wasn't feeling good I had a slight headache and I forced a trade and I paid for it. So I stopped trading and slept on that loss. My goal was today to regain what I lost I didn't care if I made profit I just wanted back what I had loss. So I put on a trade today and not only did I break even but I made a profit I'm happy for the profit but I have to let go of the guilt of forcing the trade yesterday, I knew better but didn't do better, was a great reality check. I feel sometimes we as traders can start to get the big head or over confident and I would hate for anyone to be humbled by losing there money. I know this is Demo but I take it very seriously as I think of failure at trading as a road back to the 9-5 the daily rat race. Anyway here is the trade. After my target was hit the market took off. My prediction is it will hit $53 maybe not today but this week for sure


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  #9 (permalink)
Moneyreaper77
US Phoenix Az
 
Posts: 66 since Apr 2017
Thanks Given: 62
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At the time of photo the trade target was hit.


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  #10 (permalink)
Moneyreaper77
US Phoenix Az
 
Posts: 66 since Apr 2017
Thanks Given: 62
Thanks Received: 17


Got in on this trade about 30 minutes ago Long in profit on this Demo I have not set a target because I will be trailing my stop. But I still predict that $53 will be hit this week and I'm gunning for it


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Last Updated on June 20, 2017


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