Differences between demo trading and live trading

I feel your pain. My sim IB account shows a profit of $800+ today. From this morning during very dangerous times. Today is my 1st real day too. started analysis etc..., was up on the news, (which made me feel less ready lol). I am up $87.00 for the day (real) and am now out. My hands were shaking, I was sweating, I was simply slower to pull the trigger. I was holding on to that green and I was flat out scared. I stayed with it, was down, stopped, chopped and you name it. But did see 2 small winners. Without them I would have been out $250, my stop-out point. I will be back again tomorrow regardless.

I have much to learn. Probably as much about myself as trading I guess.
Good luck and great trading.
 
Quote from rock34748:

I feel your pain. My sim IB account shows a profit of $800+ today. From this morning during very dangerous times. Today is my 1st real day too. started analysis etc..., was up on the news, (which made me feel less ready lol). I am up $87.00 for the day (real) and am now out. My hands were shaking, I was sweating, I was simply slower to pull the trigger. I was holding on to that green and I was flat out scared. I stayed with it, was down, stopped, chopped and you name it. But did see 2 small winners. Without them I would have been out $250, my stop-out point. I will be back again tomorrow regardless.

I have much to learn. Probably as much about myself as trading I guess.
Good luck and great trading.
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I know the feeling. My my sim account i'm like whatever. Today with real money I was shaking. And of course as soon as I enter it goes totally against me. And my system is counter-trend so it should never go against me. LOL. (cuz you always hear trend traders complaining that it's going against them as soon as they enter).
 
Assume liquidity isn't an issue, meaning that your trade size won't make any difference on the other side. Can you answer the following question.

On paper account: Will you trade NYSE:AIG today?
On real account: Will you trade NYSE:AIG today?

On both cases above, why?
 
Quote from eagle:

Assume liquidity isn't an issue, meaning that your trade size won't make any difference on the other side. Can you answer the following question.

On paper account: Will you trade NYSE:AIG today?
On real account: Will you trade NYSE:AIG today?

On both cases above, why?
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I'm trading futures.
 
Quote from 1a2b3cppp:

How come sometimes you demo trade profitably for months and then go live with the same exact strategy giving the same exact signals but lose money?
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There is no difference. If you create one in your mind by telling yourself its different, then it will be.

My philosophy? There is no spoon.
 
If anyone wants to get rich I can show you how.

Simply, send me $2000.00, and I will open a live chat room. I will call out my trades live as I take them.

TO profit, you simply need to fade my trades(take the opposite of my trades) and go for an automatic two points.

You will prophit beyond your wildest dreams and be a happy trader.

Other strategies I will show you will be making my Initial Stop Loss you entry, this will pick the EXACT top or bottom of a market and then rally 5-10 ES points.

:)
 
Quote from 1a2b3cppp:

Ok cuz I've been demo trading for the last 3 weeks and making ~$400 per day with 1 down day.

Today I'm down $360 already doing the EXACT SAME THING.
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I guarantee your are not doing the exact same thing because the price action isn't exactly the same thing.

In addition, your emotional or stress level isn't the same when you went from demo to real money trading.

Other than that...

Simulator trading should only be used to familiarize yourself to the broker platform and not used to develop your method.

Thus, your method should be developed prior to testing it on a simulator. :cool:

Last of all, you picked one heck of a day to go live trading today on a trading day that most traders rarely see.

Mark
 
You joke but at least you see a pattern in what you are doing wrong, seriously try the opposite and see how it goes. If its truly a pattern, you'll make money.

See, trading is pretty simple, just gotta have no ego :)

Quote from forrestang:

If anyone wants to get rich I can show you how.

Simply, send me $2000.00, and I will open a live chat room. I will call out my trades live as I take them.

TO profit, you simply need to fade my trades(take the opposite of my trades) and go for an automatic two points.

You will prophit beyond your wildest dreams and be a happy trader.

Other strategies I will show you will be making my Initial Stop Loss you entry, this will pick the EXACT top or bottom of a market and then rally 5-10 ES points.

:)
More...
 
What was your feeling and body language [need somebody else to watch you] after you placed a trade, both in simulation and real?

Quote from 1a2b3cppp:

I'm trading futures.
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