Begin Live Trading after successfully completing the Acid Test. This test must be done on your own, not in the trade education room using room signals. You can use Replay or live market on sim to practice. If you cheat, you loose. You must use live market data to take the test. Obtain the recommended journal and detail everything you do. Most important is what you did wrong and what you did right. PASSING GRADE is to double your sim account within 3 months, or close to it. If you need to reset your sim account then you must start all over from scratch - no refunding. Passing grade is 70% performance rate and $20 average trade, no more than a 1:2 win/loss ratio.
Option :
You must have a starting SIM balance of $5,000 and trade 1 or 2 contracts. The first target is 4 tics with a 10 tick stop. It is all in and out at first target. Get in, get out, get paid. This needs a high personal performance rate of at least 75%.
Option 2:
You must have a starting SIM balance of $5,000 and trade 2 contracts. The stops are the same as option 1.
The first target is 4 tics for 1 contract and set your second contract target at no closer than 24 tics. You can add 1 contract for every $1000 profit earned.
Once your first target is hit, move your stop to 4 tics behind your entry price (scratch). When price moves 7 tics towards your target, move your stop to entry (break even) and leave it there. If price moves to 10 tics (fill or not), move your stop up 4 tics above your entry price and leave it there. You can add 1 contract for every $1k in profit. If you lose $1k, you must reduce your contracts back to 2. You are only allowed to have 1 runner at any time. So you must manage your trade and take the bulk of your profits quickly to buy your stop (or as much of it as you can afford)
This can all be set up in your Ninja dom strategy. Refer to the Ninja videos or your manual on how to do this.
Option 3:
You must have a starting balance of $10,000 and trade 1 contract. Your stop is 14 tics, your 1st target is 47 tics. Once price moves 14 tics to target, move stop to entry +1. At 10 tics lock in 3 tics.
Manage your trade. The goal is 47 tics. Increase this to 72 tics or more.
As you can tell, there are many ways to slice the pie. The most important is to decide how much risk you can tolerate (which comes to no more than 2% on any single trade), what your personal performance level is in being able to see a valid trade setup, your ability to decide in time and pull the trigger, and how to manage a trade for maximum gains. All this you can learn on sim and your performance record is going to reflect it.
What you will not learn on sim is the emotional upheavel as you take stop after stop. So, if you get full stop outs more than 3x in a row, stop trading that day. So, trade the sim as you would real because you have a time frame of 3 months to pass the test. If you find yourself in the second year of trying to pass the acid test, then maybe you should quit trading and do something else.
Study and Practice Options:
1 - Advance your chart one tick (bar) at a time. On each bar decide trade, no trade. 2 - Same as above put strip down the chart to the price bars, and 1 oscillator. 3 - Run market replay no recent than 3 months. 4 - Run simulated data, but have someone else change the trend settings for you every 27 minutes. 5 - Use a 3, 5, 7 range chart, a 30 seconds chart, or a 55 tic chart. Mix it up.