As a beginner consistent trader...

[Leob]

When you are in demo what part of your Plan do you apply in order to handle situations such as the trade management situation outlined in the OP?
What would you say belongs in a solid trading plan?
https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706

This is interesting.. I'm realize now that under demo I lose interesting after half an hour...

 

[Leob]

Follow your plan.

Simple as that.. I know..

 

[easymon1]

This is interesting.. I'm realize now that under demo I lose interesting after half an hour...

Is that good or bad?

 

[Leob]

When you are in demo what part of your Plan do you apply in order to handle situations such as the trade management situation outlined in the OP?

A tip of the hat to Robert Morse for his post from which this was lifted,
1 -What triggers a buy or a sell to open?
2 -What triggers an exit?
How do you size your trades?

What would you say belongs in a solid trading plan?
https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706

Have clear answer to those 4 Q..

 

[Leob]

Is that good or bad?

That something good. I can try to be more time in focus with demo..

 

[easymon1]

Have clear answer to those 4 Q..

When in cash (not demo) do you follow your step 2 - What triggers an exit?

 

[easymon1]

What timeframe charts do you like to trade?

 

[newwurldmn]

I'm in a worst mental confidence state of mind after I'm up 1200$ after 10 minute..
I can't trade. Im afraid to fail. I'm very attached to my profits after realizing. No issue with keep with the move. Why? Can this limitation can be improved.
In a way I understand where it came from..
30 years 9-5 job and after 5 years.. I have my move in intrady day scalping, it's a issue to me I guess.. kind of hard to accept, that I'm fucking ,just do it.

Protecting your winnings is really important.

this weekend a relative shared an interesting idea with me: “you only get rich once. Preserve it”

 

[easymon1]

Have clear answer to those 4 Q..

If you have a solid trading plan, but no rule to not to enter a trade when you are up over X dollars and no rule to (and not to) trade during certain hours of the day? etc. then you are mortal and making errors just like every other human trader. Welcome to the party. If you're interested in changing that situation and reducing your trading errors then here's a simple easy way to get started the very next time you trade no matter whether it is in demo or for money. Wanna hear it here it goes.
https://www.elitetrader.com/et/threads/trading-how.363022/#post-5493985

 

[Wide Tailz]

I'm in a worst mental confidence state of mind after I'm up 1200$ after 10 minute..
I can't trade. Im afraid to fail. I'm very attached to my profits after realizing.

I'm no expert, but it could just be your subconscious mind reacting to your lack of risk management.

The state of mind that drives you to protect yourself at all times will eventually move you to test your trading plan, develop an understanding of how it will endure the fat tail price moves and set you free from obsessing about keeping your gains. It will also show you how superlatively important an exit strategy and bet sizing is.

Big positions on intraday moves are stressful because you can get wiped out on a limit move due to some news that comes out, or if you lose your pc or internet, or just make a mistake.