Need more demo account training (lost much money recently). I’m not sure what my threshold should be to get back to live trading. Consistency for 200$/day? 500$/day? 500$/week? 2000$/week? I want this standard to be as high as possible, while being somewhat reasonable. (I think the word “consistency” is probably the key)
I’m looking for a more complex indicator than just a number threshold… such as my previous amount of simply hitting 2000$ (I made 5000$ with a couple of lucky hedge bets). It’s too easy to get lucky on the demo account with overlapping stupid moves.
I would like to know from traders what could my HOMEWORK assignment be for the next year? What is a reasonable mark that will help me to know that I am (more than) ready for live trading again.
I’m thinking: 500$/week for 10 weeks in a row? (no crazy trades allowed - 100$ day max risk: 5% of 2000$ account).
Your insights would be greatly appreciated. Thanks.