Jump to content

DEMO to LIVE transition


Guest gavguns

Recommended Posts

Guest gavguns

Does anyone feel like sharing any unforeseen experiences they had when they first started trading alive account? I've been trading profitably on the Demo account, and hoping the Live account is EXACTLY the same (barring the obvious "real" money) to use...

Thanks

 

 

Link to comment
2 hours ago, Guest gavguns said:

Does anyone feel like sharing any unforeseen experiences they had when they first started trading alive account? I've been trading profitably on the Demo account, and hoping the Live account is EXACTLY the same (barring the obvious "real" money) to use...

Thanks

 

 

It won't be exactly the same no, because you will be different. Start live using the smallest bet size available with the view of sizing up as confidence grows.

Link to comment
4 hours ago, Guest gavguns said:

Does anyone feel like sharing any unforeseen experiences they had when they first started trading alive account? I've been trading profitably on the Demo account, and hoping the Live account is EXACTLY the same (barring the obvious "real" money) to use...

Thanks

 

 

There's a thread going titles, Is Spread Betting for Fools.  Check it out.  You'll see all my Fails since going Live.  It's a different Beast All together :(

Down another £200 on Gold today.

Link to comment
26 minutes ago, nit2wynit said:

There's a thread going titles, Is Spread Betting for Fools.  Check it out.  You'll see all my Fails since going Live.  It's a different Beast All together :(

Down another £200 on Gold today.

Thought you were going to spend some time re-educating yourself 😮

Link to comment
22 minutes ago, Caseynotes said:

Thought you were going to spend some time re-educating yourself

I thought I did.  decided on Volatility and Go with the Trend.  Gold been on a Downtrend.  Caught about £100 worth going short.  Tried to carry it on, but it just kept going the other way, despite it still going down.  Then missed the spike at 3pm ish, even though I was waiting for it.  Decided not to Jump on it.  Missed out of £175 on the up.  Then thought I'd get it on the way down again.  Kept my Stops too tight thinking it was going to drop.  Turned out to be more of a consolidation, till i finally got about £35 back at the end.

I'll crack this.  Just getting used to losing for Real.  Once the sweat  is dried from my eyes, I'll be back on it with Zero Fear. 1657210325_Madeitlostit.thumb.jpg.9fdf344f06b783e183b01bf6bbf29593.jpg:D

Overall down £200 today making £100 of it back.  Down £100 yesterday with £50 back last night.

 

Link to comment
23 minutes ago, nit2wynit said:

I thought I did.  decided on Volatility and Go with the Trend.  Gold been on a Downtrend.  Caught about £100 worth going short.  Tried to carry it on, but it just kept going the other way, despite it still going down.  Then missed the spike at 3pm ish, even though I was waiting for it.  Decided not to Jump on it.  Missed out of £175 on the up.  Then thought I'd get it on the way down again.  Kept my Stops too tight thinking it was going to drop.  Turned out to be more of a consolidation, till i finally got about £35 back at the end.

I'll crack this.  Just getting used to losing for Real.  Once the sweat  is dried from my eyes, I'll be back on it with Zero Fear. 1657210325_Madeitlostit.thumb.jpg.9fdf344f06b783e183b01bf6bbf29593.jpg:D

Overall down £200 today making £100 of it back.  Down £100 yesterday with £50 back last night.

 

Can't really see what you are doing but the losses are too high compared to the profits which means you need better control of the risk/reward. Also need clear lower low and then a turnover of a pullback to make a clear lower high, some of those in your pic don't look too clear.

So from the pic in the fools thread if playing the pullback entry the stop goes just behind the candle reversal pattern, if playing the breakout entry put the stop just behind the breakout level. So price either just takes off in your favour or you're out for a very small loss.

 

 

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • In the previous year, #bullrun2024 had been a trending hashtag as most crypto enthusiasts continually drooled over the prospects of witnessing another bull cycle. 2024 is finally here and so far so good has produced only fireworks. BTC has soared to 60k+, the market is green, and there’s a general sense that the bulls are returning. If there’s one thing that pays most in such bullish market, it is the flair to spot early gems and position oneself before a breakout. In that regard, Bitget has been my plug for a few years running. The early listing of $ORDI last year for instance before Binance listing 7 months after, and a surge ultimately is well documented. This year alone, Bitget has continued its wealth creation for users nicely, coins like $PORTAL, $GPT, $GTAI and so on have gone on to print for investors as depicted in the picture below. Web3 rewards not just active participation, but strategic positioning. There’s no gainsaying that the key to securing insane profits in this market is by positioning early and strategically too. Bitget’s eagle-eye for spotting early gem is a flex. Numbers don’t lie.  
    • Portal itself is awesome. Those who haven't got any airdrop, I think it's best time to accumulate for them.. tho, I'm gonna DCA....
    • Nope the hype is worth it. The project is dope itself as well as the team. Already deposited my bag at Bitget... Let's hope for the best 🤞
×
×
  • Create New...
us