How Do I Know I’m Ready To Take My New System Live?

To pull the trigger and take your new system, certain things have to be in place. First is understanding the rules of my system completely, to be consistent with the paper trading process to know I’m doing the right thing every day, not fumbling, and not making mistakes. Moreover, I also need to be confident that I am doing my position sizing correctly so I don’t make a mistake and buy too much or too little, I also need to figure out how much money I’m going to trade with and how much I will allocate to this first system, so I don’t go too heavily into one system because I didn’t think about that.

Thus, you need to think about all those things you need to be sure of before going live, and list them down, because they might be different for you than for someone else. And then go through the process of ticking them off. While it’s all undefined, you need to be more confident so you can go live and what you need would be to have a checklist, and you can tick those things off one at a time and feel like you’re moving closer and closer to going live rather than just being a paper trading hero. I’m not telling you now is the best time. Typically, my approach is to go live whenever I’m ready with the system.