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Thank you, Massive. I am trying to be as intelligent about managing the transition to live-trading as I possibly can, it is difficult, but I need to keep making progress.
I feel like once sim-trading isn't exposing *as many obvious* errors, then live-trading a small amount of capital will expose more issues that I can work on in sim-trading. If there are no serious problems, ie risk/reward-ratio and expectancy match those exhibited in sim-trading, then I might be ready to stay a little longer in live-trading to see if I'm not just experiencing a nice but temporary streak. I know it will be hard.
Note: apologies for jumping into your journal, qinking, this should be about your experience :-)
sim-trading never work for me. i rather trade small. I only trade one lot. and my stop loss is 1-3 points. if there is a great opportunity and risk is too high, I rather not to trade.
did not trade yesterday. got up early this morning. usually morning gives you some good opportunities. another quick scalping. 2 points, 100 dollars.
right now, I am testing both ninjatrader and sierra chart with cqg feed. trastyworks definitely not recommended for future trading. unfortunately, i got stuck with it for now.
first loss. really sucks. luckily i made it back on the second trade. partially because tastyworks platform is so damn hard to use. I opened up a live account with ampfutures. waiting for approval now. hopefully i can start using sierra chart next week.
I would agree about tastyworks. The charting is frustrating and there is a big context-switch to make when jumping from the chart view to the trade view to enter a trade.
Still, I like not having to pay for a data feed, and I like the trade tab's slide-ruler thing for adjusting working orders, that is nice sometimes. Also their fees all around are reasonable, quite good in fact.
I have a lot of gripes about the amateurish chart tooling and the lack of any level 2 market data (probably because you are getting free market data).
I am holding out some hope because they (sosnoff, et al.) did create thinkorswim (i'm sure there are gripes about that too) but if I lose money and its clearly because of the platform I will probably look into NT8 or TT-X first, sadly SC doesn't run natively on macOS yet and I don't want to run it in a VM for performance reasons.
Thanks for sharing your experience. NT 8 is good. But too expensive. That's why I chose Sierra charts. You should give it a try. And data feed is free.
Forgot to mention. I m also a Mac user. Have to switch back to windows to use Sierra charts. You definitely don't want to use VM. Not very reliable in my opinion.
not able to trade during RTH today. but after work and early in the morning really works for me. just did one quick trade after dinner. I made 87.5, I should make 100, but tastyworks' active tab is so hard to use, so i missed one tick.
did 3 trades today made 287.5. Missed alot opportunities. but this is my first week, still learning.
first week result. I actually started last week. traded 2 days last week. but i didn't trade tues and thur during RTH this week. so I consider this is my first week.
I had 10 trades. only 1 trade is negative. I made 5.5%, and only traded 1 contract of ES.
