Psychology of going from Sim to Real money

Discussion in Psychology and Money Management

Updated April 16, 2014

Psychology of going from Sim to Real money

mikorn83 · 2014-04-16T08:21:24-04:00

When I started to trade on simulation I've had a set of rules. My SL was 5 ticks. After a losing trade I took a 15 min break to cool off. After 3 losses in a row I took an hour break and then I came back to my PC. When I've made 5 losses that day I just took a day off and didn't trade for the rest of the day. It helped me a lot since I didn't hunt my loss from previous trade to make a profit (usually you just overtrade and lose more than you want). It worked for me and maybe it might to work for some new traders.

April 16th, 2014, 08:21 AM	#31 (permalink)
mikorn83 Gdansk/Poland Posts: 33 since Feb 2014 Thanks Given: 8 Thanks Received: 23	When I started to trade on simulation I've had a set of rules. My SL was 5 ticks. After a losing trade I took a 15 min break to cool off. After 3 losses in a row I took an hour break and then I came back to my PC. When I've made 5 losses that day I just took a day off and didn't trade for the rest of the day. It helped me a lot since I didn't hunt my loss from previous trade to make a profit (usually you just overtrade and lose more than you want). It worked for me and maybe it might to work for some new traders.