Going from paper to live: the checklist I wish I'd had
Paper mode is where the strategy gets to be right in a world with no consequences. The gap to live is mostly about things paper can't punish you for.
Before I go live with anything now:
1. It's run in paper for at least twenty sessions, not five good ones.
2. I've seen it lose and not touched it. If I haven't watched a drawdown, I don't know if I'll hold on.
3. Size starts at a level where a full stop-out is genuinely boring.
4. I know the exact number where I'd turn it off, written down before I start.
Step 2 is the one people skip and it's the only one that tests you rather than the strategy.
