Another Week of Paper Trading

Trading Statistics

It’s not the most exciting thing in the world, but it keeps me in practice! This proves I’m drinking the kool-aid too! My consistency is definitely improving over the last time I traded, and I’m looking forward to hitting the live markets again. I’ve been starting off my day with about 20-30 mins of trading before I start the TradeInsights workday. Hope you all have a wonderful weekend!

#daytrading #thinkorswim #papertrading #tradingjournal

2 thoughts on “Another Week of Paper Trading”

  1. hey what strategy are you using? any indicators? 5 min 1min? those are some pretty impressivve stats so any tradinginsight (lol) would be great. thanks
    josh

  2. Thank you, Joshua! I trade naked price action. No indicators. I think indicators have their place and I used to be heavily reliant on the VWAP indicator along with the 9 and 20 EMA. For me personally, I became to reliant on them and just gave them too much trust, which was hurting my bottom line. After I chunked them, I realized I’d had enough screen time to know what was probable versus probable. Not accurate every time, but it was easier making decisions for myself without an indicator telling me it was time or not.

    In addition to that, I also realized that I needed to reduce my size to “boring” levels in order to trade consistently and without emotion. The small-normal wins add up, and the bad days are easy to let go of because it’s still a small loss. Without the added pressure of too much size, it’s much easier to trade price action versus nagging voices 🙂 Good luck and trade safe!

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