Don’t Skip These 6 Steps Before Trading With Real Capital

The journey from trading demo to a live account can be full of unknown and fear.

“When do I know that I’m ready?”

“How much money should I start with?”

“What strategy should I use??”

“Is mayonnaise an instrument?!” 😂 IYKYK

Here’s a checklist you can follow to make sure you’re better prepared for a massive milestone in your trading journey!

1. Have Strict Trading System

   1. Pre-Trading Routine

   2. Entry Strategy

   3. Exit Strategy

   4. Risk Management

   5. Trade Management

   6. Post-Trading Routine

2. Establish Risk Threshold

   1. What risk would allow me to trade disciplined despite a 5 trade losing streak?

3. Audit Expectations

   1. Profit can’t be forced.

   2. Set standards for your actions, not how much you make every day.

4. How to Deal With Real Money At Risk

   1. Letting go of the outcome of one trade.

      1. Looking at trading as a series of trades. Month by month, quarter by quarter.

   2. Learning to allow SL to get hit.

      1. Create a good relationship with seeing a loss.

         1. Knowing the bigger picture.

   3. Trusting Your Win Rate x RR

5. Only deposit money that you are willing to never see again.

   1. No short term necessity.

6. Create a Deposit Schedule

   1. If possible, automate!