Traded with some misconceptions today and I paid for them, however, still very profitable because of trading with a 2 to 1 Reward to Risk profile which really makes trading a LOT more relaxing for me knowing that I really only NEED to be right half of the time to make decent money (I'm not saying that practice and good market conditions can't increase those percentages). It may take a little getting used to, but that is why we learn in SIM and NEVER violate our Risk Percentages of account, per trade (1-2% MAX) and have STRICT daily loss percentages as well (ALL according to WRITTEN, backtested Trade Plan)!!
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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