s011y, Let me offer something that may be of help.
Developing and acting on a methodology is all a process. First you develop one, and then practice on a demo. After it is a proven winner on a demo, then work on margining skills in order to preserve capital, but maximize profits.
Up to this point, I will assume you have done that, because if you have not, then you need to get to square 1 before considering using live money.
Afterward comes the emotional or mental part of trading. Your methodology has been developed, you know you got the best thing going, but some how, it does not work with real money. This is quite common.
One way that part of the segment is counteracted is by margining or placing less on the trade than what you feel you need to do. I've noticed in your previous posts you have lost circa 10% of your capital. You might would be singing a different song if you lost only 2% (as an example). Also, if you did not see so much capital at one time going negative, you might would have been more patient with your positions. You also have the leverage to have wider stops, so it will take out possibilities of getting spiked out of a trade.
That one element can lead you to being more relaxed with your trading, and more objectively view the markets. Once you have won consistently with live money using that scenario, then you can increase how much you risk on each trade. For now, it is not important how much money you make, as it is to see and vision yourself as being a consistent winner.
Developing and acting on a methodology is all a process. First you develop one, and then practice on a demo. After it is a proven winner on a demo, then work on margining skills in order to preserve capital, but maximize profits.
Up to this point, I will assume you have done that, because if you have not, then you need to get to square 1 before considering using live money.
Afterward comes the emotional or mental part of trading. Your methodology has been developed, you know you got the best thing going, but some how, it does not work with real money. This is quite common.
One way that part of the segment is counteracted is by margining or placing less on the trade than what you feel you need to do. I've noticed in your previous posts you have lost circa 10% of your capital. You might would be singing a different song if you lost only 2% (as an example). Also, if you did not see so much capital at one time going negative, you might would have been more patient with your positions. You also have the leverage to have wider stops, so it will take out possibilities of getting spiked out of a trade.
That one element can lead you to being more relaxed with your trading, and more objectively view the markets. Once you have won consistently with live money using that scenario, then you can increase how much you risk on each trade. For now, it is not important how much money you make, as it is to see and vision yourself as being a consistent winner.
I put the order as per the system, but if it goes negative i start to get nervous and square off the trade without letting it hit the S/L.
I think may be i am not suitable for intraday trades. May be i come up with something which can be used for Swing trading.
If you have a system in mind which will help me get started, i will work on it.
Thanks