I am a notorious scalper/ day trader.....yet I've never taken 300 trades in a month's time..... though I scalp for more than 2-3 pips at a time.......still not sure what you are doing.
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291 positive trades by now. I run 6 sub-accounts remember, each with different tactics. While i do take sometines 2-3 pips of profit , usually i take 8-15 pips.
I am a notorious scalper/ day trader.....yet I've never taken 300 trades in a month's time..... though I scalp for more than 2-3 pips at a time........
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Hello,
I am curious what is your fav broker? I prefer scalping but when my broker has more than 5 fix pips spread I feel like I am scalping myself.
if you suffer from depression, STAY AWAY from trading.
paper trading and real trading is VERY different. your emotional and mental control you THINK you have during demo may or may not help you. and even when its small money, drawdowns WILL hurt you....
I'm sorry to dissapoint you, but 3 year or 10 years of paper trading is completely different story than trading on a live account. its like taking microeconmics and macroeconomics 101. they are very different courses but most ppl take one before the other, but it doesn't guarantee them an A by doing this.
This is the longest time I heard of anyone paper trading this long....if you couldn't decide for that length of time, your probably better off not trading at all (again with the condition you've described as being under depression).
Not putting you down, but deal with the depression first. I admit some days of continued string of losses, eve when I lose some small money, I do feel that sense of despair and hoplessness. But im recovering from this phase much more faster as time goes on, eventually i can be immune to drawdowns....err emotionally at least.
291 positive trades by now. I run 6 sub-accounts remember, each with different tactics. While i do take sometines 2-3 pips of profit , usually i take 8-15 pips.
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IMO scalping is kinda dangerous for small retailers like us because in the long run your risks far outweigh the reward.
you sounds like me a couple months back, when i was obsessed with scalping. yea it makes like almost 100% accuracy trades but wth does that matter when risk:reward ratio is at least 2:1 for all trades conducted....your expected success rate is that you lose in the long run and that drawdown will kill your account(this is not something u want to try for verification)...its just like gambling at a casino.
now i admit that before i was being unreleastic. now i set to catch daily fluctuations in trend. this is FAR more rewarding, since the reward heavily outweighs the risk. i prefer triple digit pips in a few days to about a week than scalping madly (which really isn't worth the effort at the end of the day) for a few peanuts.
You've been trading demo for 3 years, and you're afraid to even start with real money?
Before you even THINK about trading with real money, go bungee jumping. Go race high-powered go-carts. Play some medium stakes poker. You need to GO. Find something that gets your blood pumping a little bit, and learn to think through the adrenaline. Enjoy it! That's life, fun, trading...
