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Am I ready to trade a live account, or should I still be trading a simulator?

Jason Parker, founder of Trading Habits
Every habit in this library exists because I paid tuition for the mistake first.
Jason Parker, Founder of Trading Habits

Answer Honestly

Answer based on how you actually trade right now, not how you'd like to trade.

1. How many total trades have you placed in a simulator or paper account using your current strategy?

2. Do you have a written trading plan that defines your setup, entry, stop, and position sizing rules?

3. How consistent has your simulator or paper trading win rate and risk/reward been over your last 30 or more trades?

4. How do you currently calculate your position size before entering a trade?

5. If your simulator account had a losing streak of 5 trades in a row, what would you do?

6. Is the money you're planning to trade live money you could afford to lose in full without affecting essential bills or savings?

7. How do you react emotionally to a single losing trade in your simulator or paper account right now?

Your Result

Answer all 7 questions and click Get My Readiness Read to see where you stand.

How this is calculated

Risk & liability disclaimer: This tool is an educational self-reflection resource only. It is not psychological advice, a clinical assessment, or financial advice, and it does not predict your trading outcomes. Trading Habits is not a broker-dealer, registered investment adviser, or tax professional, and is not affiliated with any broker, exchange, or data provider. We do not guarantee this tool is error-free or suitable for your situation, always verify results independently and consult a licensed professional before making any trading or financial decision. You could lose some or all of the capital you trade with.

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Jason Parker, founder of Trading Habits

Built by Jason Parker, founder of Trading Habits.