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In the same vein, I used to think that if one could tell time and tie his own shoes, he could succeed as a trader. But I've since learned that it also helps to be able to draw a straight line and draw a box.

I have two (that I know of), plus two in process (we'll see if the latter hatch without significant defects). So these results are not unusual.

I don't still hold records from 1977, but you could always look up my posts on TMF from 1998. I didn't post to CompuServe. As for luck, no, I don't believe in it, but you clearly do, which is why I wished it for you. Again, best of luck to you.

I don't much care whether you believe me or not. My posts are directed toward the OP. As I said, best of luck to you.

But there's no evidence that it works (like trickle-down economics :)). I'm not suggesting that it's garbage, only that it does not address the comment which prompted the post.

Not sure what your point is here, kut. Computer simulations can yield all sorts of nonsense, little of which ever works when one tries to trade it. There are many reasons why beginners and diletantes fail, the lack of a trading plan being only one of them.

Yes, it is about experience. And I've been living off the market since 1977. Best of luck to you.

No, developing a thoroughly-tested and consistently-profitable trading plan is not easy. It's difficult. And time-consuming. Which is why few beginners do it. Which is why they nearly all fail. Demo trading without having gone through all the preceding steps is no better than masturbation. But...

I'm reminded of the hot-doggers I knew in '98-'99. But I've known hundreds of beginners since then who preferred to just jump in rather than put together a reliable trading plan. They're all gone. She has a choice right now between being profitable in a few months or wasting years just trying...

It's also one major highway to bankruptcy.

I know exactly what you're trying to say. I've known people who've struggled with this for twenty years and made little progress because of psychological issues. I will say again, therefore, that if fear is a problem, you need an airtight trading plan, thoroughly-tested and...

It's not particularly challenging. If one can connect two dots, he can define a trend.

Which has nothing to do with your OP, which is nothing more than a rationalization in order to justify bigotry. But then that's right up your alley.

The hand of who? o_O

From the SLA/AMT: The three-legged stool here, as I've said, is constructed of a thorough understanding of supply and demand, trend, and support and resistance. A surprisingly large number of people are absolutely convinced that they possess this understanding when in fact they haven't the...

Actually, I don't need any of that and never have. But that doesn't mean that there aren't people who do. But getting back to the OP, this may or may not be about whether or not a demo account is a waste of time if one is trading computerized systems. I have no idea. I have no interest in...

No, there isn't.

I too am continually futzing with it. Even though markets never change fundamentally (i.e., imbalances between demand and supply), they do vary, e.g., the winter and summer quarters. If one isn't making the necessary adjustments, he'll either be taking a lot of unnecessary and useless trades or...

To Protect And Serve . . .

Except that it's free. All one has to do is read it, test it for a couple of weeks, then decide whether or not he wants to continue, without having risked a penny. :cool: