Going from Sim to Live

[Going from Sim to Live]

11 hours ago, hailchaser2 said:

Have you been tracking your trading just like a live account? I also "thought" I was doing well in sim, but I was not tracking anything, not my win %, not my strategies, not my daily and weekly "R"s, nothing. I  bled my account for three months. I then went back to SIM for a full month and tracked everything like I should have been doing all along. I should have gone back to SIM after my terrible first two weeks, I didn't really have an edge at all.

If you haven't been tracking your trading and you do still decide to go live, set hard stop daily limits with your broker. Trade with small size. If you do struggle the first week, don't be afraid to go back to SIM and track your trading to build your confidence back up. Also only trade a few setups, don't enter trades just because they look good. 

You may also want to mute the chat at the open, it can be very distracting.

Good Luck, and don't be afraid to ask questions here or in the chatroom. 

Thanks for the tips!

Definitely been tracking and find I am green or flat on most days. On my red days I've stuck to a max loss of 1% and I've generated a (SIM) profit over the last 3 months. I've also been trading with the same account size I wanted to go live with. Hoping I won't have to go back to sim but definitely will if I have to. I've really only been focusing on ORB on 1/5 charts and just trying to perfect those. I'll look to add more strategies when I master these. 

I like the muting idea though! Thanks again

[Going from Sim to Live]

Hi All,

My 3 months of SIM are coming to and end, I've been doing reasonably well and I feel as though I'm ready to go live. With that said I was wondering if there are any important changes I need to be aware of.

For example, I know that my hotkeys have my trail account in them, so those need to be changed.. is there anything else I need to know?

Thanks in advance!

[Setting up DAS with IB]

Awesome thank you. 

Definitely getting it through the link!

[Setting up DAS with IB]

Hi All, I have a question regarding setting up DAS with my IB account. And this may seem silly but..

Just want to confirm that if I get Deluxe Plus package from DAS directly I will not need to also purchase market data from IB.

[Introduce Yourself!]

Hi All, My name is Antonio and I'm 29 from Toronto, Canada. I work as a Branch Manager in the finance industry. I've been doing my own investing/swing trading for the most part of the last 5-6 years and have recently had the time to invest into actually learning the details of the market. Through my research I found a few of Andrew's books which I initially listened to on my commute to work. After a little while I finally decided to join this community and I'm extremely excited to see what opportunities lie ahead!