Today I focused purely on Sim Trading again as I adjust to incorporating the Market Delta info into my trades. I feel like I am getting better with it. Initially, I found myself over-emphasizing the signals that I was ‘seeing” on the MD charts and just going with them without even consulting the whole other aspects of my trading methodology. It’s a problem I often face when making any system adjustments.

Today I did hit my target with my Sim Account, although I’m not sure that I should have for I made some pretty bad decisions. I don’t know why, but I find myself way too often violating my trading rules in my Sim Account in ways that I would never do in my real account. Like this morning, I went long on what I thought would be a good Fade off of the 15-minute charts (This is just another example of the kinds of risks I take with my Sim Account that I never do with my Live one).

Anyway, the play started turning against me; but instead of taking the stop (which I always do with my live account), I checked the 60-minute chart and saw that the next area of support was only a couple points away. So instead of closing out the position and re-entering in that area, I just dropped my stop & waited. Turned out that the play eventually went my way and unfortunately I was rewarded for committing a mortal trading sin.

I did discover something interesting after doing some Time-analysis of my old trades for the past year. It seems that I am very much a net loser in the trades that I take before 10:00Am and between 11:15-Noon. The latter didn’t surprise me due to the doldrums, but I was surprised at how unprofitable I was in the first 30 minutes of trading. I’ll defintely have to take that into consideration going forward.