Hello all,
I am paper trading. I set a goal for myself to not go live until I am consistently producing $500 profit per week for 2 months. AND my loss per trade does not exceed $125.
I have strict rules and a simple method I follow.
So that I feel the emotions (pressure) of trading a real account, I informed about 4 friends and my wife that I will send them a screen shot of my Demo Account balance per day, so they see how much money I gain/loss.
I have traded a real account before and loss money (about $4k) for many different reasons, mainly undisciplined, now I want to start over, this time with paper.
I just want to know if what I am doing is good. I am very serious about trading with real emotions, this is why I am showing friends daily my balance...
When would you recommend a newbie going live with real money? Or should the answer be whenever the trader feels he/she is ready? Is there a certain criteria?
Thanks.
I am paper trading. I set a goal for myself to not go live until I am consistently producing $500 profit per week for 2 months. AND my loss per trade does not exceed $125.
I have strict rules and a simple method I follow.
So that I feel the emotions (pressure) of trading a real account, I informed about 4 friends and my wife that I will send them a screen shot of my Demo Account balance per day, so they see how much money I gain/loss.
I have traded a real account before and loss money (about $4k) for many different reasons, mainly undisciplined, now I want to start over, this time with paper.
I just want to know if what I am doing is good. I am very serious about trading with real emotions, this is why I am showing friends daily my balance...
When would you recommend a newbie going live with real money? Or should the answer be whenever the trader feels he/she is ready? Is there a certain criteria?
Thanks.