5k Sim account Updated results...

Total trades = 25

Wins = 8
Losses = 16
B/E = 1

P&L = -5.25pts / -$262.50
Commissions = -$125.00
Total P&L = -$387.50

Account Value = $4,612.50


After 25 trades I'm down close to $400 trading the 6E. I'm trying to make it a goal to trade 100+ times a month, most traders are trying to find ways to become more conservative and tighten up on criteria to filter out losses. That's always a good idea if your trying to protect your money and slowly grow your account with minimal risk. However since I'm in simulation mode, I think its ok to go a little crazy with my trading coz more experience is what I'm really after. Experience is king, and the faster you can rack it up the faster you will develop. Each trade I take has an idea behind it and I always go through a logical thought process, that's really what I am trying to develop, a faster thought process, so in real time I can make a decision in under 5 seconds, sometimes that's all the time you have. You can stalk trades and watch everything setting up, but in the past I've done this after planning a trade for maybe 30 mins or something, but when it came time to pull the trigger I would double check everything, and just sort of stare at my dom.. more than 5 seconds would pass and price would shoot up a point or something to a level where it would be retarded to chase it. You can't hesitate live, so build your confidence in sim.

5k Sim account

I started this project months ago, and am now reviving it. The idea is simple, start with 5k and see how much I can work that up into in a few months. This is totally simulation trading/market replay, but every trade is taken seriously, I'm not gambling or placing impulsive trades. I'm taking this as seriously as real money, I think a decent futures trader can make at least 2 points a day, if they have a decent win rate and place several trades a day, in my opinion, more trades is better, however that's a tricky topic and depends on the person and his experience, some day's I trade 10-15 times, just depends..


Definitions..
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A point = 4 ticks
A tick = $12.50
(6E Market)
Commissions = $5.00 per round turn (made up figure, but in reality its usually lower)

Results so far..

Total trades = 17

Wins = 6
Losses = 11
B/E = 0

P&L = -1.25pts / -$62.50
Commissions = -$85.00
Total P&L = -$147.50

Account Value = $4,852.5

Note - the results so far are across 2 days of trading data, and so far I think the results are ok, not terrific, but not horrible, in the past 17 trades could have me down -$800.00 or more, but I cut losses faster now and believe me it is the right move to make, if you can't take a loss and cut it at the stop point you are burning money.