That is what I am going to do now. I have no choice. The way I traded before worked really well for some time.
But, as the saying goes. "If it can happen. It will happen." And it did. For me two times.
And I was very lucky to survive with a good profit since I have started trading live.
But, nuts to you if you don't reset your trading style. Ha
So, now I have to trade the right way to survive. Otherwise over time. My account would finally be wiped out.
Ugh on that.
Yesterday was my first day to properly trade considering my small account size.
I show to you the "Trading DOM."
Did you notice that Trading DOM shows DEMO? It is the DEMO DOM. Meaning I traded in the DEMO account. I was trying to set the DOM to use later in my live trading.
This was a trial run to see if I had the right settings. There are many ways to set it.
Look at the Daniels Trading ES Hourly Chart below. It is what I watched some to make trading decisions.
You can see that there is a slight upward bias in the traders decisions.
At least that is what you can see for yesterday's day trading. That could change of course.
You can also see by the Completed Orders page that I was trying to get the DOM set to optimization.
That is why there are so many trades. But I was at the same time, trying to use proper setup trades.
I will not be using the DEMO trading very long. Using the simulator/DEMO trading can cause bad habits to form in my trading. It has no cost.
So what happens when we get everything free? You know the answer.
I am trying to build a strong tree of financial support in my account. Similar in strength as the tree shown below.
It is the weekend. I can safely show you my actual Daniels Trading 8-tick range chart using the CFRN indicators. It is a peaceful day when you are using the DEMO chart to trade. Ha
Friends. Trading the futures is a tough assignment. Few do so successfully. I have worked at this for a long time.
Since I don't have a "multi-million"dollar account size. I have to nibble a little around the edges. Ha
The question I have to ask myself is this. "Do I want to get some gain? Or am I just trying to protect?"
Risk cannot be avoided. Therefore, I have to find what works for me. I have that hope anyway.
Steemit will let me record for you what the final outcome will be.
"The Trading Saga."
Without Steemit. We are all strangers. Let's not be strangers. Post your life and happenings for us on Steemit.
Thank you
Francis