Simulation is useless. The problem is the execution. I could make more than 200 ticks a day trading ES using a simulator(it uses the data from the IB TWS). But in the real world, most of those trades won't be executed.
For those high volume traders, if you had many trades in hand and the market start moving against you, and you could not get rid all of them, what would you do? Is there any way to limit your loss?
Since discipline is the most important factor for trading, I wonder why I never heard any person with military training could become a good trader. Since discipline is also critical for combat, they should be very good in it. I guess they also able to handle fear much better than a normal...
Is it because of the tick size of DAX is greater than that of STX, SMI and many others, so you choose it for scalping? If so, is ES better than the NQ?
I trade Bund/Bobl intraday. Usually I take 2 to 4 ticks per trader. I usually hold a trade for less than 20 minutes.
Am I a scalper or a short-term trader?:p
How about the futures? There is no cert or paper. If I won and someone losed, it is OK provided I could get the money from the exchange. I assumed the broker of the loser would debit the money from him and gave to the ex and ex would give it to the broker of the winner. Is this correct?
I don't understand the purposes of the clearing houses.
Some people said even your broker is OK, if the clearing houses of your broker collapsed, your money and assets would be in trouble. Is it true?
If you buy a seat in the exchange do you still need to go throught the clearing houses...