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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!
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.
The following 2 users say Thank You to matthew28 for this post:
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
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.
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
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