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I don't know why but no matter what numbers I put as commissions for PFG it counts $2.50 anyway. It works on replay, but not on sim. I will keep it on and see how is that gonna work in live market.
I'm not sure what am I doing wrong. It would be nice to have calculated on platform.
Thanks again!
Can you help answer these questions from other members on NexusFi?
You were able to get some really nice long runs! I wonder what about those runs caused you to want to be in them long term or was it just that you had to hope and get your $ back?
I would focus on what caused you to get those good runs.
This is what is cool about small stops. You can make a lot of gifts and still come out.
Well I'm not really sure what caused it. I think to get my $ back was the biggest reason. I wish I would just get my first short that I marked at the open, got my 2-3 points and was done for today. Haha...
Why did I take that 9 point runner? When we broke almost all highs I thought that we are going higher. The only target I could think at that point was 200% at 1597. Then I got extensions at 440 and moved my target to 61.80% because 100% was so far away. Then I watched that trade at 440 trying not to look at 144 and it was pretty smooth run up. I trailed my stop after lows and closed it when before that 200%. I thought that we are gonna bonce from there down.
Then when we broke that top above 1597 I was trying to get long and my next target was 100% from previous run. That was more realistic than 100% from that huge overnight move. I took 2 points because we started to move down from 61.80% and thought I will reenter one more time and see if it's gonna get 100%. I closed it when we got very close to the target because there was a lot of separation on all MACDs.
This is about it. I just saw the target and was trying to hold my trades. But all I wanted to get BE for today. And I did. Haha...
I couldn't believe that we are gonna get that high today!
I think that I would take the same trades but I would probably stop after -7-8 points. I'm not sure if I would go that far. I would take a huge loss and spent the rest of the day crying in the closet. Haha...
Sometimes I think that I had real money on the table I would analyze better and wouldn't let that happened but I know that I would do the same thing with real money. That's not about money that's about mind set I think. Even if I start very carefully with cash, after a few loosing trades $$$ becomes numbers. Same as on sim. Maybe that's just for me.
I am the same as you. After a certain point, I become completely unemotional about money (been like that since doing hundred k's of cash exchanges to buy houses with own cash)
Problem is, that is how easily 100K will walk out of your bank account.
Just be careful not to set up bad habits on sim trading. It must be treated like live and I fall off the wagon occasionally as well, but again like you pointed out, that is exactly how I trade my cash account and hence the occasional big bad day.