I went straight from manually back testing historical data getting comfortable with certain setups and “paper trading” to a live account this month. The most important thing I noticed which I need to work on is sticking to my plan (we’ve all heard that one before… but there is good reason). I would have taken less trades and limited my losses. There are cases where it paid off to do so but I think for now this is a bad habit to have for somebody who is still new to this. There is a advantage to being nimble and adjusting to what unfolds but I don’t have enough experience yet to feel comfortable doing so.
My 5k live account which I started with is sitting at -3.2% presently (9 trades, 3 Wins, 6 losses). Not very happy how I performed so far on my 1st month as it doesn’t reflect my previous 6 months of results manually back testing data. I was planning to add additional funds to my account but will only do so if I have a profitable month and am satisfied with my results.