Moving to live trading

dianajs

Private, 1st Class
Messages
778
I too made some mistakes in my trading, especially as a newbie, because of poor decision-making and poor discipline. Nothing makes you shape up faster than the realization that you failed to see obvious things and you got yourself into a mess that was very much avoidable if you had been more disciplined.
 

EuroTrader

Sergeant Major
Messages
1,029
I too made some mistakes in my trading, especially as a newbie, because of poor decision-making and poor discipline. Nothing makes you shape up faster than the realization that you failed to see obvious things and you got yourself into a mess that was very much avoidable if you had been more disciplined.
It is the same types of mistakes many traders will make and we have to remain careful about how we are going to reduce them so that we can start earning profits :)
 

downtrend

Sergeant
Messages
857
If you are moving to live trading, you should keep in mind that it won't be that easy like a demo account. Emotions will attack you from all sides and you have to be very careful in choosing your trades as your real money will be at stake.
 

celeryleaf

Corporal
Messages
91
Hello traders. I have been learning and practising for a relatively long time and I feel confident about my trading so far. I have learned what I need to trade correctly and I am planning to start trading live, however, I'd like to ask you what would you suggest to do to deal with "1st day" emotions. Although I read plenty of articles about emotions, discipline and psychology of trading, it's still interesting to learn how other traders dealt with it. What did you do to reduce the heartbeat after opening your first trade? How your 1st week or 1st month of live trading was psychologically?
My advice would be - dont think about psychology emotions or heartbeat. Just do it (c) and thats it. The less important you think it is the less pressure you feel the more successfull you are. Just relax beforehand and start like you always do. Without any great thoughts like Im finally out! Im trading LIVE! Just dont. Breathe and trade like you do it usually
 

EURUSD

Sergeant Major
Messages
1,133
As trader the eventually will jump to live account or real account, and will better if still spent money that afford to lose, many broker offer low minimum deposit, and they can invest money according their preferable
 

EuroTrader

Sergeant Major
Messages
1,029
As trader the eventually will jump to live account or real account, and will better if still spent money that afford to lose, many broker offer low minimum deposit, and they can invest money according their preferable
Whenever we are trading with the help of Demo trading accounts we have to learn the methods of doing our trades first and then only we can start some trading in the Real accounts :D
 

downtrend

Sergeant
Messages
857
It is exciting moving to live trading no matter you are a totally newbie trader or had practice for quite some months.
 

Ken Smith

Private
Messages
104
Hello traders. I have been learning and practising for a relatively long time and I feel confident about my trading so far. I have learned what I need to trade correctly and I am planning to start trading live, however, I'd like to ask you what would you suggest to do to deal with "1st day" emotions. Although I read plenty of articles about emotions, discipline and psychology of trading, it's still interesting to learn how other traders dealt with it. What did you do to reduce the heartbeat after opening your first trade? How your 1st week or 1st month of live trading was psychologically?

Hope you are doing good now. A tip for those who are now like him. Just follow your strategy that you have tested on demo. Stick to the plan. Do not watch the charts too often if you are not a scalper. Feel faith on yourself. There will be bad day but that doesn't matter.
 

CryptoPopo

Private, 1st Class
Messages
51
Hello traders. I have been learning and practising for a relatively long time and I feel confident about my trading so far. I have learned what I need to trade correctly and I am planning to start trading live, however, I'd like to ask you what would you suggest to do to deal with "1st day" emotions. Although I read plenty of articles about emotions, discipline and psychology of trading, it's still interesting to learn how other traders dealt with it. What did you do to reduce the heartbeat after opening your first trade? How your 1st week or 1st month of live trading was psychologically?
Always keep this in mind. No matter how bad the market it, always buy low and sell high. Even though it will take 1 day or 1 week or even a month for the market to go back up. Especially now, when it's very unstable, always keep the principle of buying low and selling high.
 

EURUSD

Sergeant Major
Messages
1,133
If you are moving to live trading, you should keep in mind that it won't be that easy like a demo account. Emotions will attack you from all sides and you have to be very careful in choosing your trades as your real money will be at stake.
Yes right demo account is different with real account especially about emotion, but trading on real account will better rather than on demo account which only using virtual money, on real account will good to develop better psychology trading, and this is real experience because many trader fail due they having poor psychology
 
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