It's been hard to keep track of exactly how I have been going, because I have tried different brokers and platforms, and was using brokers with too big a spreads in the first month. Settled on MB trading to demo with.I have been having problems with stuck trades with MB, so just as the account was making profit, I had to get it deleted and move on to a new account. This has happened on 2 accounts so have given up with MB, so have opened Alpari ECN demo, so I keep going back to square one starting from scratch with starting balance !!
All the accounts I had either made a profit or were fairly close to the starting balance,If I did get a big draw down I seemed to have the ability to get the balance back or not far off, even with making loads of mistakes, some on purpose to see what happened by not following correct lot size etc.
The accounts were down over Christmas a bit, as I traded over the holidays, advice later was not to trade when the pro/session traders are on holiday/public holidays.In Jan soon got back on track. I feel like I've learned a lot in a short time, but knew it was going to take months/into a few years to really become competent,
I have been taking roughly 50 trades a week ( a lot I know, but trying to get a feel for it as it's demo ) between the MB/Alpari accounts. On average 35-40 make profit, and 7-13 make losses.
Thought it was a reasonable start and thought the potential was there.........until now.
Since early this month (Feb 2013) It's been going wrong. It's like as soon as a enter a trade it goes the opposite way, even if the trend for all time frames is going the way I've traded! I keep a journal/diary and have reduced the mistakes I'm making to very few now, which makes it worse!
I'm treating the Alpari as real account and following strict money management. These last 2 weeks have really deflated me, major drawdown on both accounts (Alpari from £5,206 to $4,377) and a grand down on MB.
Question to more experienced traders/and those who have gone live.....How did your first few months go for you, what systems did you start with. Did you want to give up, did you feel like I do now...,how did you overcome the negatives, come through it and end up going live If you did?
I'm not doing it to get rich quick, but was hoping to get to a point where I could get a part income from it. Should I call it quits and jack it in? Any advice would be great. Any systems/approach to trading you could recommend to help get through this, or a fresh tactic?
I really love trading, but I'm questioning If I'm wasting my time now . Quite prepared to carry on putting in the hours and progressing, but at the moment it's very frustrating
Sorry for the long winded posthttp://forums.babypips.com/images/smilies/yahoo/24.gif