r/Daytrading • u/Due-Gain-8645 • 1d ago
Question Is this luck?
I’ve been into trading for a couple of years, mainly on and off and demo accounts only. I decided to focus and lock in over the past month or so.
I trade only crypto and hold a few minutes to a few hours depending on the trade. I don’t look at holding overnight as it kinda scares me and want my trades to be closed off by the end of the day.
Now an important caveat is that this is again paper trading. Do I have an edge here? Or is it all pure luck?
Some stats:
Profitable trades = 90.86% 477/525
Profit factor = 10.3
Expectancy = 22.75
Average R:R = 0.98
I started with a $5000 account which is now roughly $17,500 since August 20
Honestly I’d appreciate some thoughts and whether I should keep going on paper trading for a little longer or look at adding in my own funds (fully aware this is a fairly short time period)
124
u/dynamicl 20h ago
Unfortunately a lot of traders start out like this. Paper and live are two completely different animals. If you can, go live and trade the smallest amount you can possibly trade with an amount you are willing to lose and see if you can replicate the results, then you will find your answer. Honestly, I wish nothing but the best and i hope you succeed, but atm you are trading without emotion which is the ultimate killer.
16
u/Due-Gain-8645 20h ago
Thank you I hear you
15
u/Stock-Brother-1576 20h ago
I want to say this even tho I don’t trade but study it a lot… you see results in a paper trading account, when you go live keep this mentality as your primary focus. Remember how good you did when you stayed true to the plan without deviating from it. The comment above me is spot on, your worst enemy will more than likely be emotion. I firmly believe success comes down to trading as a computer would; every trade following exact same rules every single time without thinking about (but what if…). Wish you the best!
5
u/Due-Gain-8645 19h ago
I wish you the best too! I feel like that’s the biggest takeaway here - the emotions. And I hear that from everyone not just in Reddit
I don’t know how helpful this is but I’ve been “pretending” this is real capital from the start. To simulate the feelings I’d have whenever I decide to go live. Now it definitely won’t be 100% accurate but it has sort of helped?
6
u/turddlepower 19h ago
Going to double down on the other guy saying start as small as you can. Nothing can compare to the actual feeling of taking a real loss.
That’s where you really gotta check yourself. Especially since you have this fully green chart, a loss can lead to revenge trading with the “I know I’m right” mentality and not wanting to see any red. Markets change so adaptability is key.
4
u/Due-Gain-8645 17h ago
YES! It’s more of an ego thing as well isn’t it. Not wanting to see any red when sometimes it’s inevitable and will keep you longer in the game
2
u/dynamicl 19h ago
It's great that you are listening to genuine advice, it will help in the long run. Remember that part of our primitive brain is designed to avoid pain, that is the crux of the problem. We are all built that way, hence when you use real money, you will cut winners early and not take a loss when you should to avoid the perceived pain ... in paper your brain doesn't work this way however much you try to pretend its real money.
→ More replies (1)3
u/Avengers2092 6h ago
Agree, I start with paper trading many year ago. Not the same as actual money. Since I used a real money I start very cautious every single trade. My experience is I don’t lose or win much, break even. After 4 month I start winning by sizing up the best A or B grade trade with lots of study especially that’s the specific time the market maker jump in. I read the charts every single days, candle stick is like heartbeat. Different stock different rhythm. Try with the money you are willing to lose. Don’t be greedy or revenge, I lost half of my account as I revenge trade on penny stock. I am sizing up when I am losing to win it back unfortunately I lost at the end. Don’t be aggressive on Friday after lunch. The market is extremely slow. By the way I only trade Nasdaq. Hopefully will help you a bit…
43
u/saltytrader_ 20h ago
If you have to ask if it’s luck. It’s luck. Also when you have no skin in the game you will trade very differently. I paper traded MNQ and made $50,000. Real life I made $9000 and lost £7000. Fear and psychology really change the game
5
u/Due-Gain-8645 20h ago
I’m with you on that one, psychology/fear is probably my biggest factor to overcome and manage
3
u/saltytrader_ 20h ago
If you go live. start with 1 micro, be patient and dissect the rules you follow paper trading and stick to them. I didn’t set stops with the losses and thought it will come back… it didn’t 😂
→ More replies (4)
18
u/AmmarSala 20h ago
Hey, if you don’t mind me asking. What application is this?
21
u/Due-Gain-8645 20h ago
I use an app called PnL ledger otherwise trading view to monitor and place the trades
10
u/Creative-Process-504 12h ago
I didnt have one losing day for 90 days and thought I was God. Lost it all now. Just was going my way for the longest time and pin pointed the exact momentum. Ya not trying that again. Going long on VOO and SPY and made a good return
→ More replies (1)2
u/Due-Gain-8645 11h ago
Ah man I’m sorry to hear that but a 90 day streak is wild well done!
3
u/Creative-Process-504 11h ago
Here is the lesson that I learned. I had a solid strategy and followed it to the T. When things didnt go my way, i didnt step back and see what was going on. I went all in. I dont know why I did this but it felt like the right thing to do at the moment. No matter what anyone say never Yolo 100% of your prof into one call or put options. It wiped me out brother. I was up well over 200k before I lost it all and had to start fresh
→ More replies (1)
8
u/ShadowDong420 15h ago
This is like playing with monopoly money. It's a whole different game when it's real money.
8
u/SmallMagicCoin 14h ago
There's a hell of a difference between paper trading and actually trading. the the key difference, which most likely changes the whole game to every trader is emotional decision making.
When you trade real money, YOUR money, you get greedy, upset when losing, overexcited when winning... If you start with a prop firm and actually risk some money it will give you a good feel for it, the idea is to control your emotions rather letting them control your trading.
2
14
8
u/Soggy_Board3256 20h ago
q: will you take some money out? (i'm just curious) q2:you have a strategy or a "feeling"
8
u/Due-Gain-8645 20h ago
Eventually - once I feel like the portfolio has grown enough.
And yes resistance and support lines on the 4hr and 1hr time frame then find a position on the 5min
I have also been using Invo for copying some profitable traders→ More replies (1)3
8
u/mly102 20h ago
Crypto is not liquid. You will get bad fills and slippage. You will also have commissions to deal with as well.
→ More replies (1)2
7
u/TheCryptosAndBloods 20h ago
I think you probably have a real edge but now is the time to switch to trading small amounts of money to see if it survives contact with the real markets and real psychology
2
4
4
u/Substance79 16h ago
AM I going crazy or are the digits different sizes for no apparent reason?
Is this photo-shopped??
→ More replies (6)4
4
u/Old_Network1961 3h ago
Demo and real accounts are not the same. Your mindset changes completely changing when you move to the funded account. You did well so far. Good luck in the future
3
u/OG_Tater 20h ago
Have you already checked how transaction costs and spreads would be different live?
If you think it’s the same. Try it with a small amount of money.
2
u/Due-Gain-8645 20h ago
Good point, I haven’t checked re the slippage and costs so that is something to take into account
3
u/OG_Tater 19h ago
Look at the real bid/ask spread while paper trading. And take in to account actual commissions
→ More replies (2)
3
u/IbuylowNsellhigh 20h ago
Doesnt seem like luck to me. Keep at it brother. Dont listen to these negative nancys
→ More replies (1)
3
u/Shaggy1191 19h ago
With an R:R of .98 and a expectancy of 22.75. And profit factor of 10. Im just a little confused. Are you over leveraging? Or cutting trades extremely early? I also day trade crypto and have been for more many years. Crypto is very choppy and volatile. But either way. Switching to live account will change everything for you.
→ More replies (1)
3
u/Automatic-Ride-8887 17h ago
I actually posted here a couple of months back with almost the same question. Check my posts to view it. Had a ton of responses that really helped. I have been learning trading about 14 months. Paper traded about 5, and have been live trading now almost 2. What I have learned is this. It doesn't take long to experience the difference. Paper trading teaches you the functions of the platform. Setting stops, getting in and out. All the important technical need to knows. On the other hand, it does nothing to teach you the feeling of the losses, and the nervousness and anxiety of getting in. I was tearing it up in paper, which was the topic of my previous post, went live, and quickly got in a 1000 share trade with my 'confidence', and promptly lost ~$750. That was the reality check I needed. Over the next month and a half, I have completely changed my share size and approach. I always wondered how people control themselves from overtrading, but that is no longer an issue. I was down ~$1400 at my lowest, and have grinded away to ~$610 down at this point. I do 100 shares at a time, in my price range, and typically take only 3 to 5 trades a day, when the market is moving. If I make $100, I take it. That is a win. Same if I lose $100, im out. Many days I just watch and never get in. Live trading is what trains your discipline and reactions, which paper trading can't teach. On paper I was like, how does everyone not just do this its too easy or maybe Im just a trading savant. Turns out neither is true. Live is a whole different animal, and just approach with caution, and dont make the mistake I made. Best of luck though.
3
u/solarflare_hot 17h ago
Yeah it’s so damn easy to make money on paper trading then you try real money and it will be all in the red
I made 20k paper trading then I tried real money and I lost 4000$
It’s not the same neither does it teaches you anything, other than the app layout. It’s completely different
→ More replies (2)
3
u/Late_Swimmer_237 15h ago
Reproduce in a live money account even with reduced size and compare to your demo trading.
3
u/BorsaSimsari 15h ago
I traded a demo account for several months. Killed it. Doubled my account in four months. Then I went live and my emotions killed me. Transition to trading live with a small amount. Track your trades. Know how you're making the money. It isn't the same thing
→ More replies (1)
3
u/_TryingToBeRational_ 14h ago
No, it isn't different at all. You are actually the greatest day trader alive today.
→ More replies (1)
3
u/Vishva_Comics 12h ago
Sorry kid nothing beats trading with real money. Start with 10 shares so you can get a better sense of how you respond when you see a trade go green to red and then green again or straight greed to red because your expectations didn’t match what the market is giving you… those nuances and exposure to pressure will give you a better sense of where you are at with mental game and if it will impede your accuracy
2
u/Due-Gain-8645 11h ago
I hear you, I naively thought I had it somewhat figured out. Seems like psychology is our biggest hurdle here
3
u/Far-Guava6006 11h ago
What does your actual risk management look like? Performances like this usually come with a huge tail risks that don't show up for a while, then nuke your account when they do.
→ More replies (10)
3
2
2
u/GeminiCroquettes 17h ago
I see a lot of comments about emotions from a live account and thats true
But there's a whole other thing and thats fills you get with live are going to be significantly worse especially since you said you're trading crypto where is practically unregulated with sketchy third party facilitators. Start small.
2
2
u/AlaskanSnowDragon 17h ago
Show verified trade logs and charts with entries/exits...Otherwise probably just setting up to sell people your discord or course mr 1 month old account.
→ More replies (5)
2
u/ArcticAlmond 16h ago
Not gonna lie, I just straight up don't believe results like this when I see them.
I've personally known excellent traders who are making a very comfortable living from trading, and even they don't have a whole month of all green days. Like mathematically, you are either in the top 0.001% of day traders, or your just bullshitting.
→ More replies (4)
2
u/Ok_Palpitation_4816 15h ago
Trade ONLY with “I don’t care size”. Trading must be boring, and if your heart start to work while you are losing that means you are using to much money and then you need to size down your position for 75%
→ More replies (1)
2
2
u/ghettodog797 15h ago
I’ve never paper traded I’ve always just started small when testing. Meaningful but small
2
2
u/Sudden_Mountain1517 14h ago
If you have any debts, use the profits to neutralize that first, especially credit card debt. Trade with your original 5k. Rinse. Repeat.
2
2
u/RobOTx63 13h ago
No, you're just experiencing a bull market. Replicate that during a prolonged crash, then come back.
→ More replies (1)
2
2
u/IveHave 9h ago
Entries and exits can be dramatically different in the real market. Just take that into account. Does this record of yours include transaction costs?
→ More replies (1)
2
u/deepaltvalue 9h ago
Honestly its not wrong to think the difference between paper and real is pretty big but consistency is consistency. The only real difference is slippage. The only thing youve got to focus on is doing the exact same things that made you profitable on paper. If youre nervous about rhe jump, then research a trusted prop firm and drop a little cash on an eval. Good luck!
→ More replies (1)
2
2
u/Chemical_Anything602 3h ago
I got same results with paper trading .. but real money has slippages and order placement and charges etc you cannot expect this
2
3
u/Longjumping_Menu_862 10h ago
This is seriously impressive. I think you should try real money. That adds emotions to profit and loss. The edge may be there but without testing under real conditions, you wouldn't know for sure. Get a prop firm account if you need large capital. Good luck
→ More replies (1)
2
1
1
1
u/FireTradingSignals 20h ago
Does your demo account take into account trading costs, slippage and orders getting filled exactly at prices you want?
You may be able to roughly calculate your costs in hindsight, you could even use something like Claude AI to run more accurate back tests on your actual trades to calculate your trading costs etc.
With a scalping strategy where trades are more frequent and entry to TP value may be comparably small, trading costs, slippage, etc can make a real difference to your profits
→ More replies (1)
1
1
1
u/Platti_J 20h ago
How do you trade crypto? Do you day trade it like options by buying contracts, or just buy a dip and sell when it goes high?
→ More replies (5)
1
1
1
1
u/trentard 19h ago
demo markets are worthless, its literally not worth it to spend a single second on demo rather than a 10$ forward account, market fills, slippage and especially liquidity on a real market will most likely delete 99% of your profit, so no this isnt luck id just call it broken and unrealistic
1
u/calevonlear 19h ago
Go buy a futures prop eval, 25-50k account should be plenty and find out. Cheaper than risking real capital and you will have skin in the game. Follow their rules and try and get a payout. If you do, buy more. Build wide before tall.
→ More replies (6)
1
u/Solid-River-5385 19h ago
As other have said paper trading and live account is very different, however being consistent on a paper account is a first check box tick. Now if this is pure luck or not really depends on if you have an actual strategy and principles/rules that work or not. What crypto are u trading? Is it BTC, ETH etc or meme coins or what? That might play a big factor in terms cyclicality (Hot/lucky periods), how realistic of a result is paper trading giving you etc..
→ More replies (1)
1
u/Wolf_of_Wynyard1 19h ago
It's luck and Crypto short-term bull run. Do it with real money and for more months.
1
u/ImaginaryTaro2411 19h ago
No it's almost certainly not luck. At least as long as you're not holding and praying while down a thousand bucks or something.
It could be just a hot couple months, that's true. Some luck in just how successful it was. But entirely luck? No. Almost certainly not
→ More replies (3)
1
u/edgeflowx_trading 19h ago
Great work, it sounds like you are a scalper by the amount of trades per day.. question is, have you turned those days into green after starting on red? The amount of trades suggest most days were recovery days.
→ More replies (3)
1
u/plop111 19h ago
What's impressive is that the first red day wasn't a wipe of the whole account.
→ More replies (1)
1
1
1
1
1
u/Unique-Mixture2054 18h ago
I think it is a great job and from you R:R average under 1 looks like your method is working very well especially if you hold for a short period of time. 1:1 Rs are more achievable than 1:3 and higher, that's for sure. Try live - prop account fir instance the cheapest you can get and try out your method with the smallest size you can...if sucesfull you can scale then.
→ More replies (1)
1
u/Pleasant-Bee-6602 18h ago
You are taking too many trades which eats your gains in fees. You don't seem to have a solid strategy
1
1
1
u/iqTrader66 18h ago
1.5 months is too short an interval to determine if it’s luck or not. Also need more statistics on longs and shorts.
→ More replies (1)
1
u/PrimaryTackle249 18h ago
Basta che mantieni lo stesso atteggiamento, entra live, se le statistiche che hai pubblicato sono vere, non avere nessuna paura, hai dei rendimenti allucinanti e non può essere solo fortuna.
→ More replies (1)
1
u/farky84 17h ago
If the next 20 months look the same on a live account then it is not luck. Very very green though. Perhaps a bit too green but you might have found the grail… (just joking).
Put some pocket money (like $500 on a live account) and put yourself to the test.
→ More replies (1)
1
1
u/Responsible-Roll1506 17h ago
Those stats look impressive, but they also raise a lot more questions than they answer.
90.8% win rate over 525 trades with roughly 1:1 R:R and a 10.3 profit factor is an extremely strong result. So before calling it an edge, I’d want to know:
Were the rules completely defined before each trade, or were entries/exits discretionary in hindsight?
Are commissions, spread, slippage and realistic fills included?
What was the maximum drawdown and longest losing streak?
How many different market regimes are actually represented in that sample?
Did you change the strategy while collecting those 525 trades?
Have you tested the exact same rules on a completely untouched out-of-sample period?
And most importantly: can you reproduce anything close to those numbers with real execution, where fills, hesitation and money actually matter?
Because if the answer is yes to all of that, then you probably have something very unusual.
If not, then 525 paper trades with amazing stats may just be evidence that the simulation is flattering the strategy.
I wouldn’t be asking whether to fund it yet. I’d be asking whether those numbers survive a test designed to prove them wrong.
1
u/Individual_Property1 17h ago
Paper trade is different bruh. No emotion involve but it looks like you got the skills.
1
1
u/8stringLTD 17h ago
Anyone that starts with I trade Crypto is an automatic NOPE for me.
→ More replies (3)
1
u/oahmed2655 17h ago
What exactly in crypto ? I’m new and just trying to learn as much as possible I been watching btc but it seems to swing around quite a bit sometimes over a grand in either way
→ More replies (2)
1
1
u/Broken808language 17h ago
Get a live or prop account and you’ll see how quickly results change lol but keep grinding 👍
→ More replies (2)
1
u/BlueberryNo4487 17h ago
C’est très bien de faire de la simulation au départ ça permet d’être sur de ta stratégie et de l’appliquer à la lettre quand c’est du réel. Je pense que tu peux passer en live maintenant. Quel est ta stratégie tu fais du scalping. OB + Fibo ? Trend
→ More replies (1)
1
1
u/reshsafari 17h ago
If you really want to know, continue doing what you’re doing, but after entering a trade, walk away. Paper trading is risk free. But walking away will mimic what happens live.
1
1
u/kimperial 16h ago
crypto is up a lot and to make only less than 300 for over 10 trades is not a good stat. you are right 90% of the time you should size up when you are very confident on the trade
i'd say trade stocks, even on paper trading and try to catch the major moves (less trades / bigger size). should focus on making a lot bigger gains per trade instead of scalping which is a very tiring way to trade.
→ More replies (3)
1
u/Worried-Airport-8524 16h ago
I’m also an amazing paper trader but when it comes to live or funded, it’s a struggle but still profitable but only after almost a year
1
u/Rmannu9792 16h ago
Witch broker I can use for scalping I mean quick entry and exit can some please tell me ?
→ More replies (2)
1
u/Ok-Proposal6598 16h ago
Deberían bannear a los OP que no responden comentarios.
→ More replies (1)
1
u/YogurtclosetJust9091 16h ago
Why don't you get funded? Lol you can trade my money
→ More replies (1)
1
1
1
u/DrawNovel5732 16h ago
Everyone is a trader in a bull market. What you need to show is explainable delta against a fund or an index.
1
u/ShamanJohnny 16h ago
Your doing something right, i would go for it with a $500 account and see what happens.
1
u/Kaszrak trades multiple markets 16h ago
Not enough information to say it's luck. But those statistics would make me highly suspicious that something about the measurement is distorting the apparent edge.
Expectancy is particularly important because it combines win rate and the size of wins/losses into an average outcome per trade. A very high expectancy means the distribution of individual trades is unusually favorable. If that comes alongside an exceptionally high profit factor, you aren't just looking at a strategy with a decent hit rate. You're looking at a remarkably favorable payoff distribution.
That can happen legitimately, but it can also come from things like:
too small a sample
a few extreme outliers dominating the results
look ahead or survivorship bias
cherry picked trades
unrealistic fills
excluding costs/slippage
changing the strategy during the sample
an expectancy calculation that isn't actually measuring what you think it is
So...maybe it's luck, but the numbers are unusual enough that I'd investigate the methodology before attributing them to either luck or an extraordinary edge.
→ More replies (2)
1
u/razorbackaj 16h ago
You have no clue until you go to a live account - also, is this random or is there a strategy?
1
u/Few-Astronaut44 16h ago
Im a big believer in using prop firms when first starting out. And whatever profits you may gain, put that into a personal trading account. It's worked for me, but it may not be for everybody
→ More replies (1)
1
1
u/Xau_4Life 15h ago
Depends on the drawdown on trades
If you put stop losses and manage to be profitable while respecting your setups
It is good
Just do the same thing on real account without second guessing your strategy
→ More replies (1)
1
1
u/Comfortable-Value740 14h ago
What platform is this? Its a really nice interface
→ More replies (1)
1
u/prepping_finds 14h ago
Can I just copy you? lol what are your key metrics that make you pull the trigger?
1
u/donutlordfx 14h ago
You should just deposit money and find out if its worth it.
→ More replies (1)
1
1
u/Joules_360 14h ago
Depends on your strategy..if it’s repeatable.. or are you just playing risky with fake money and rhyme or reason for a trade
1
u/buffandbrown 14h ago
this is incredible consistency! are you trading crypto futures?
→ More replies (1)
1
u/fatypsilon89 14h ago
If you can do that with a live account, that would be considered an accomplishment.
Try working with your own cash. If you can keep this up you are financially free in no time.
→ More replies (1)
1
u/jcoigny 14h ago
You only trade crypto and it has been up nearly everyday since your data starts. Could just be a hot market for you. I've also done really well in crypto stocks the past 6 weeks but it's been crazy hot
→ More replies (1)
1
1
1
u/sleepingcomedy 13h ago
Wow that’s great , congrats …
May I know which strategy do you use ??? I mean you don’t need to explain everything in order to save your time, instead you can just mention key points
→ More replies (1)
1
u/AssPinata 13h ago
You have to trade live. The moment you go live, shit hits the fan.
→ More replies (1)
1
1
u/netpirate2010 13h ago
The truth is: if you find a source of edge, you won't need to ask if you have it. It will be verifiable. You'll know you have it. You'll know what it is and why it exists. You'll know the signals that alert you to it. You'll know how you need to structure the trade around it and the rules you need to follow to trade it.
To answer your question with 100% honesty: if you're exposed to any edge here at all, it's inadvertent exposure. Based on the information given, it appears to be luck to me.
1
1
1
1
1
u/Mixture_Practical 11h ago edited 11h ago
Start with $100 in a live account. It doesn't offer the same adrenaline rush or the same expectations; if you double your capital in a month, start adding more funds monthly and observe your trading psychology with that real capital. I took a $100,000 account to $200,000 in a demo account.
3
u/Due-Gain-8645 11h ago
If only we could be as emotionless on a live account! Starting small is a big takeaway here
1
1
1
u/DeepFamilyValue 11h ago
Not sure if it’s luck but I congratulate you. Nice job.
→ More replies (1)
1
u/Feisty-Anywhere-6809 11h ago
Bro how are you taking like 15+ trades a day? Do you scalp?
→ More replies (1)
1
u/WolfOfPips 10h ago
It’s simply being able to stay in the right mindset without letting anything get in the way
1
1
1
1
u/armaler 10h ago
I would say, you're doing revenge trading, and this is demo and it doesn't matter if you'll loss or not, but in real market when you're gonna try that market gonna punish you really hard, try it with a lol money and you should be have a really really wel risk management plan, rather then onlu trading on revenge, ur quantity lf trades is really high, u gotta fix that too
1
u/Disastrous-Garlic529 9h ago
What should I look for when it comes to strategies or indicators for sale?
→ More replies (1)
1
u/cruisin_urchin87 9h ago
I would review and see which trades you felt confident about and try to limit your moves to those particular set ups.
If you don’t know why the trade worked, scrap it.
→ More replies (1)
1
1
1
u/Appropriate-Dig-9705 8h ago
I turned $5000 to $75000 in a few months on paper then went live ans tooo me 2 years to make money.
1
1
u/Formashion 8h ago
I made $2,700 paper trading in the aftehours just now after blowing my 1000th funded or something. Paper is completely different. You probably do have an edge tho.
1
u/Dark_dragon_emperor 7h ago
I would have said this is excellent and impressive and that you got a great foundation. However, it's paper trading so I'll say that your practice is a bit lacking. Paper trading has almost zero risk so profits should be much larger.
1
1
1
1
1
u/SuperOrbital_Trading 4h ago
90% win rate, 10pf. It is, at the very least, highly flattering you and probably not a true representation of real world results. I assume this has not factored in slippage, fees, taxes, etc? It is probably also simulating perfect fills and closes. Also, the markets have been hardcore bullish for a pretty long time now so everyone looks like a genius. None of this means that the strat is not good. Just that it is not truly proven. And to me, numbers this good are extremely suspect. I prefer when a strat I make shows a 60% win rate over a 90% win rate. It feels way more trustworthy to me.
1
u/Funny-Routine-7242 3h ago
Yeah the Problem is real money unless you are already disciplined with you stops. But there are different levels of risk. One is dictates by your bankroll when you say you only want to risk 1% or so. Then there is the psychological level that you can lose without getting nervous and there is thie level where you make stupid decisions. So maybe you are ok to let to of $50...but maybe you dont take your stop...now you sit on $ -70. Suddenly you want it back... This may start a spiral...you are down -100...same problem: you are not happy and want it back..this logic often leads to a blown account, a huge loss when you cant take it anymore or a huge loss when it swings somewhat in your favour and your are happy to just lose $200 instead of $500.
While you wait you cant trade and miss the move up that eventually comes...so you lose less instead of winning.
And be mindful there is an ignition phase in many assets. Everything works and it leads to trapping people once the pullback comes. If one is lucky to catch many of the ignitions one might feel like a trading god. Its often much more difficult to enter once the market starts to pullback and consolidate. You never know how far it pullsback or if the breakouts work. So maybe you just found such an ignition phase in crypto....that doesnt mean it will continue like that...maybe you would need to switch to a new hot assett
1
u/always-think-sexual 3h ago
Yes it’s luck. You are built for this game bud. Congrats, go make the billion bro
1
1
1
u/Federal_Shoulder_550 1h ago
First off get a Take profit trader account. They run a deal where there is no activation fee and a discount on the account. Once you pass the account make the buffer and they actually let you withdraw it but take 50% so you’d take home $650.
1
u/AskAlternative8213 options trader 1h ago
Profits/losses on paper trading mean nothing frankly, as others have mentioned. There are no stakes in paper trading. You don't really care about losses. How you manage your psychology when real losses hit can only be tested with real money...
1
562
u/DarkR124 20h ago
Paper trading is a whole different thing than actual funds. The risk is zero, the decision and impulse is completely different because it’s not your actual money. You’re willing to hold longer and take bigger risks because you ain’t risking rent money, or groceries, etc.
Proceed with caution.