Paper Trading with Ricky Day 2

Day 2

I'm sharing my trading journal for two reasons: firstly, to receive feedback, and secondly, to show new traders that they're not alone in starting this journey. Currently, I'm paper trading until I feel confident in this pullback strategy. I'm using the same amount of capital on my paper account as I would when I start using real money. My current risk management plan involves using 10% of my capital to trade and not losing more than 1% of the total capital in a day. I limit myself to a maximum of two trades a day, and if I have a significant win on the first trade, I stop.