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Are you allowed to create a Trading Journal based on SIM? I'm using SIM with ThinkorSwim to build up some initial confidence and hopefully validated my Futures strategy.
I trade from the charts which I believe is real time, I check upon any trade completion that the bar range was a bit higher to ensure it would most likely have been filled.
Thanks
Can you help answer these questions from other members on NexusFi?
I dont think an initial SIM Trading period is bad. A couple questions though.
1. Have you traded actual money before? If you have why are you going back to sim?
2. Regardless of whether or not you have traded actual money before I think it is important to have a plan in place for going live. You don't want to get stuck in endless sim trading. The goal of sim trading is to become comfortable with your charts / find an edge / and get to trading live money as quick as you can!
1. Oh yes, see my origin post It's been about 7 years since I last traded so I've been out of the game. I don't have
a brokerage account anywhere yet, I quite like ThinkorSwim SIM however annoyingly a real account is not an option for a UK resident. I've used TradeStation in the past so will most likely look at that first, I've also used hybrid type solutions with IB as brokerage.
2. I planned to give SIM trading a 2 week window, if the strategy had legs then I would feel comfortable to try it out for real. However I'm going to be away on business for 2 months so not much point setting it up for real till then.
I'm debating going full-time on my return and giving trading a genuine go, I'm in a position that I would be able to do this for 9-12 months. Live by the sword and all that .
Trading software has matured a bit, you can get nice SIM for free.
There seems to be way more indicators than there used to be however market psychology is the same as ever, fear and greed.