So Frustrating

Posted by Deb | Day Trading Journey | Tuesday 8 January 2013 10:18 pm

I keep making money on the demo and losing when doing live trade. This is so frustrating!

I started today on the demo,  For the first 2 positions, the market was indecisive so I quit quickly, making only $12.5 (one pips) for each. Then I joined the markets direction and entered a short position, and made another $75 with 2 contracts.

A few hours later I decided to try again with live trading. Everything went against me!  With the first position the market again was indecisive, and I quit on the same point I went in, making $0 and losing the fees. Then I decided joining the downward direction, and of course just than the market *jumped* up, making me losing $50 on an instant.

I was stubborn and tried again, and lost another $50.

I should probably just stick to the demo for a while.

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2 Comments »

  1. Comment by NewtonTrader — January 13, 2013 @ 10:51 pm

    Hey Deb,

    Don’t let yourself get too discouraged.

    If you are not yet completely “bought in” to your chosen trading system/methodology, then of course jump back over to the demo. But, keep in the back of your mind that until you have in the neighborhood of 100 trades under your belt, it is very difficult to look at what any one trade has done and, with any certainty, make an assumption into if your system is failing you.

    Cheers!

  2. Comment by Deb — January 14, 2013 @ 10:17 pm

    Thanks for the encouragement!

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