Just looking to get some input from some experienced traders if they wouldn't mind.
I am torn between being very excited and highly sceptical, after 8 nights of trading a demo account. (averaging around 2.5 hours a night)
Basically I signed up for a demo account just to get a feel for the markets and learn how to go about embarking on my journey to become a trader.
In this particular demo account you start with 100k. I have been trading this while trying to get a feel for how things work, suss out strategies and progress my knowledge.
To my surprise, every night (8 so far) I have ended up closing out my trades in positive figures and so far I have made $12,771.80.
To me, making 12.7 percent in 8 days seems very good. Especially 2.5 hour days. (Or nights as the case may be)
So here is my dilemma:
Firstly, is this a decent return in the scheme of things? I.E. is 12 percent in 8 days good, or would i be making a lot more if I was an experienced trader?
Secondly, should it be possible to do this based on constant analysis of charts and pattern observation (which is what i have been doing) or have i just been lucky?
Thirdly, I am aware my trading would differ if this were my own money. Can it be the difference between being successful on paper trading 100% of the time (say nightly, 8 nights so far) and failing over 50% of the time, and therefore losing, with your own money?
I am asking this honestly because I want to approach this in the correct way, and not just sidetrack down a path which will not lead anywhere good in the long run.