Recent content by Sundayjumper

Buy the boat and enjoy it for 12-18 months, then (if things have gone well) sell it to fund your live trading account. Steve.

Purely psychological ? Or is a live account functionally different ? Serious question here, I'm demo trading atm and if things go well I'm planning to go live at the end of the year. Steve.

I'm also new to all this, and have been reading & learning stuff for a bit over a month. I'm not risking any real money yet. I'd say: In theory - yes, $500 per day is perfectly feasible. Review the charts and you'll probably find that yesterday there was a movement that would have made $500...

There's a connection here, as I think quite a few people have realised. If a stock's genuinely worth buying it doesn't need people making cold calls to push it. QED. Steve.

Righty, after all the good advice on Wednesday I decided to have one more day on my old routine and guess what ? It completely blew up in my face. I lost all the profit I'd built up on my account (and more) when some trades went bad and I failed to control them. Thanks goodness it's a demo...

No, but I'll take a pint of gin of there's one going :cheesy: Loads of feedback from folks here - thank you. Tharp's book (and I'm only a couple of chapters in) really emphasises the psychology, and that's already had an impact on me. Making some simple models in Excel drove the point home...

Well, this probably highlights how new I am, but it's not a fixed number. I know it's widely recommended but I've not been putting fixed stop-losses on my trades. I can't get comfortable with the idea that a fixed number of pips can be the right thing to do. I see the risk of spikes...

Hello :) Yes, yet another newbie, doing some practice & research. I've been running a demo account with Alpari for just over a month and after a horrendous first week (for some reason I thought I would just "know" which way the market was heading :lol: ) I'm now back in the black and making...