*Simulated* Trader P/L 2007

Quote from DblArrow:

Relax a little - nothing here meant negatively. Just trying to get you to look at what and why.

What makes me think you cannot - nothing really - human nature - it is tuff to overcome at times. We don't like to be losers, so we may interpret what we are seeing to convince ourselves of something that we hope will be true. If it works great and perhaps you reinforce a bad habit. Or perhaps you reinforce confidence in you method. It seems to me this loser is the only one you decided to keep overnight; but I don't know for sure.

If you have rules for daytrading - did you break them in keeping this trade?

personally, accepting losses has been the hardest thing for me to overcome. And this in particular is how it appears to me.

My whole thought process runs that if you are going to simulate then do it real or it is of NO value whatsoever.


It is difficult to let the bad trades go. Like you said, human nature.
I did break my rules by keeping it overnight. However, what reinforced my decision was that my indicators were showing that a correction was coming , which did take place. ES went down 5 points at the open which was enough to get out of my position and get a small profit.

I do see a valid point in stating that the sim should be completed exactly as if it were a live trading. However, in order to be ready for live trading one has to first correct the mistakes on the sim.

My time is slowly coming. I am going live as of the next week. Apparently when the money to fund the account comes from a joint account, spouse's signature on one of the forms is needed to complete the whole transfer. I did not know and had to rectify the problem which took time. Moreover, this week is rather busy for me, three out of the five trading days will be occupied tending to other matters. So, it seems that April 23 is the date of departure.
 
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