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Not much edge in this tight range, in hindsight I should stay out but I need practice taking stops anyway. Luck would have it that the stop I took was by one tick! How's that for irony!
Can you help answer these questions from other members on NexusFi?
The first day was real money (Account 7..) and as I explained in my blog post I was not happy with my performance that day and switched to simulator (Account S..) to work out some issues. Whenever I make a major change I go back to sim for at least a day to make sure everything is fine. I would like another few days on sim before going back to real money. As they say, "It's not a sprint, it's a marathon" so I'm never in a hurry.
PS: I actually think sim is harder because price has to trade through your price for a fill. It's quite frustrating on sim to not get filled when I know that if it were a real money account I'd be filled.
While updating my excel for September I noticed Tuesday was a 10 pointer too:
That's three 10 pt days this week. I'm now working on giving up some of those points in exchange for having lower risk, which will allow me to trade larger size. After a few more days on sim I'll trade real money starting with 2 contracts and then after a week or two go to 4 then 8 etc. until I hit my risk tolerance and then I'll increase size as my account grows. My goal is 100 contracts.
I agree. Sim is only useful if you trade it exactly like a real money account. Sim can be harder due to harder fills on limit orders. Going from real money to sim is not easy for me cause I watch my limit orders never fill when I know with real money they'd have filled.
Anyway.. sim is to get enough data on the trading plan modifications and then it's back to real money. I took 3 trades with real money this morning and 2/3 were losers. More sim will build more confidence.
This really sucks. I noticed Jing was taking up 1gig of memory so I thought I'd delete all the files in my history. Jing gave me a warning and I clicked ok. I didn't notice the warning said it'd also delete them from the server. And in an instant all my captured charts from the past several months were gone without any possibility of un-deleting them. I'm really bummed because it means all the images I've been using in forum posts are now gone, as are lots of images that were in my trading journal. A lot of work went into annotating those charts in order to share them with everyone else and I'm really sorry they're all gone.
I'm always reluctant to store my data (including images) some place else where I don't have any way to back it up. My computers at home are redundantly backed up as is my blog. But not images at Jing. And it got me.
So I apologize for my lack of attention in the matter.