Recently, I've been doing really well at trading on paper and calling pattern entries and exits in real time. However when I try it in real time on an actual account, rarely do I get the same results. It almost seems as I am too aware of non important stuff and it makes me interpret data differently. Its difficult to trim out the noise that accompanies putting real capital on the line.
Anyone run into the same issues/how they dealt with it?
Thanks in advance!
Posted Apr 17, 20 7:15 PMbyasbury1402
Received 3 Karmas
Trading with a very small amount of money might do the trick. Start with a few hundred bucks. There's more emotion to it. Once you've gotten comfortable with that, then you can start trading with your bigger account.
It was hard to transition from paper trades to real money. For one my paper account has delayed quotes. Secondly, there is the emotional aspects of it. I don't watch paper money as close as I do my own money. Sometimes I over watch my real money and I get analysis paralysis. The only time I use paper accounts now is to test strategies before I put real money on the line. It is just a tool to learn with, but nothing is like the real thing.
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