So, I’ve been trading demo for 6 weeks (longer but 6 weeks with this “technique/style/system”) and even with the little amount of free time I have to trade I am earning an average of 129 pips per week.
I started with a $10k demo account, 10:1 leverage, 20 pip stop loss, 60 pip take profit although I will manually adjust the stop to preserve profits if I am in front of the pc.
My 129 pips average are coming with me doing this while at my regular job (I run my own company so the boss isn’t gonna bust me!) and I am not able to fully focus on trading. If I was and I manually adjusted my stops to preserve my profits I would likely be a lot closer to the 300 pips per week average. Sooo many trades would go up to 40 or 50 pips profit and dive down and either stopping out or I will manually close the trade.
That all said, I feel that 129 pips is pretty good? This all feels a bit too good to be true and I hate that feeling. Did anyone else have that feeling when they were considering writing the cheque to open their first real money trading account?
I have rrsp’s, tfsa, etc… this is really only play money even. But still, it’s MY money and I don’t want to waste it jumping into this too soon.
Thoughts/comments appreciated.
(no, I am not going to try and sell a forex system)