There are a few points to consider in preparing yourself for the big leap from demo to real trading
In the beginning, do not risk more than 1 to 2% of your account balance in a single trade by committing to placing appropriate stop-loss orders and avoiding that this percentage exceeds 5% in all cases.
Do not start real trading unless you have a proven strategy and clear rules for managing capital as well as making sure you can strictly follow them.
Read our free articles on trading psychology and try to get the most out of it.
Record each trade and write the reason you entered and exited it, and the outcome of the trade.
Ask yourself after losing any trade, do you feel angry If you are really angry, try to avoid trading until the next day
The large balance also helps reduce the risk of a margin call Have you made the mistake of trying to simulate the trading methods that you intend to use with your own money by trading mini contracts but forgot to place a stop-loss order and despite the great risk of the buy and hold strategy, but the practical reality proves that it achieves Good returns in the long term but this assumption may not be correct when trading with small stocks
Even when you move from trading 5 standard contracts of virtual money to one mini contract with your own money, the emotion will continue to strongly influence your performance unless you learn how to control and manage them by placing predetermined stop and limit orders and not by changing them over time to limit your losses and secure your profits.