Friday 20 January 2012

Entry from 11th Jan 2012

I've been back to notes of my conversation with Jeff Quinto and decided for the first time in my life, to trade a simulated account.  His advice was essentially you shouldn't be trading futures on a live account until you can consistently make money on a weekly basis.  I've been trading on the sim the last few days, just taking trades on a discretionary basis, without using any indicators, and I'm down 34 points already.  I really admire those guys who can trade that way and make a living, it seems like the hardest way to trade.

I'll have to come up with a new strategy...and then try that on sim.

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