This thread is retired - please see Post 31.
Hi Traders!
I'm starting this thread to track progress, and build confidence.
My background - Been trading for over 2 years. I've had some success but not consistent. So many times, I thought I was "there" and realized I'm nowhere near "there" yet. I've experienced more than once - quadrupled my account in a few days, blown my account in a few hours.
Now I'm at the point where I just can't afford to keep giving money to the market. I'm also in a rut where I can't seem to even have 1 day of successful trading. So, I've decided to go back to demo trading. I've never respected demo trading, since it's just not the same as trading with real money. However, I realized recently, I've never traded demo long enough to build any sort of confidence that I can actually trade successfully. So, this thread will simply be to keep track of my trading until I build enough confidence to go back to live trading.
Rules of the thread:
1) The title of the thread, as it implies indicates the plan is to trade demo for 3 months.
2) If account is blown, or money is added to the account, the 3 month period starts over.
3) I'll be adding my trade explorer to my signature to track the progress
4) There won't be much, or maybe even any trading discussions at all, or trading calls in this thread, in fact I probably won't even be posting anything here unless I blow my account, or end the 3 month period successfully. So, the thread is mainly to post my trade explorer, and start the 3 month period, or... hopefully end it, so I can go back to live trading.
5) If you'd like to join me on this journey, and see if you can reach the 3 month goal, welcome. Look forward to seeing your post with your demo trade explorer attached.
6) I won't be policing anyone as to whether they follow the 3 month period rules, so if anyone cheats, it's on them. Only hurting themselves.
Edit: Adding to the above rules, after the 3 month period is over, I'll also need to hit a goal, in terms of profitabilty. The starting balance is $500. After 3 months, I'll need to see the account at least tripled, i.e. $1500. This is assuming an average of 10% return each week. I have goals that are much higher than this, however, this is the minimum goal for this trial, that will give me confidence to go back to live trading.
Happy Trading!
Hi Traders!
I'm starting this thread to track progress, and build confidence.
My background - Been trading for over 2 years. I've had some success but not consistent. So many times, I thought I was "there" and realized I'm nowhere near "there" yet. I've experienced more than once - quadrupled my account in a few days, blown my account in a few hours.
Now I'm at the point where I just can't afford to keep giving money to the market. I'm also in a rut where I can't seem to even have 1 day of successful trading. So, I've decided to go back to demo trading. I've never respected demo trading, since it's just not the same as trading with real money. However, I realized recently, I've never traded demo long enough to build any sort of confidence that I can actually trade successfully. So, this thread will simply be to keep track of my trading until I build enough confidence to go back to live trading.
Rules of the thread:
1) The title of the thread, as it implies indicates the plan is to trade demo for 3 months.
2) If account is blown, or money is added to the account, the 3 month period starts over.
3) I'll be adding my trade explorer to my signature to track the progress
4) There won't be much, or maybe even any trading discussions at all, or trading calls in this thread, in fact I probably won't even be posting anything here unless I blow my account, or end the 3 month period successfully. So, the thread is mainly to post my trade explorer, and start the 3 month period, or... hopefully end it, so I can go back to live trading.
5) If you'd like to join me on this journey, and see if you can reach the 3 month goal, welcome. Look forward to seeing your post with your demo trade explorer attached.
6) I won't be policing anyone as to whether they follow the 3 month period rules, so if anyone cheats, it's on them. Only hurting themselves.
Edit: Adding to the above rules, after the 3 month period is over, I'll also need to hit a goal, in terms of profitabilty. The starting balance is $500. After 3 months, I'll need to see the account at least tripled, i.e. $1500. This is assuming an average of 10% return each week. I have goals that are much higher than this, however, this is the minimum goal for this trial, that will give me confidence to go back to live trading.
Happy Trading!