Crazy paper trading day
- Thread starter farmerjohn1324
- Start date
You ever thought of just trading the micros while you figure it out? Real market fills will teach you a thing or two about trading. all this fake sim trading is pointless.
Like I said, use AMP, cause micro comm on other brokers are crap
I'd consider it. But I've already been real trading from August-December of this year on Schwab.
And also since 2019 but with pauses after suffering large losses.
I agree that the unrelated construction stuff is irrelevant.
You don't think SIM can be relevant to backtest and test strategies? I do.
Fair hypothesis. Prove it by trying this... code up your strategy precisely and run it simultaneously in each; a SIM account and a real money account. Then come back and post your results.
Here's my last suggestion to you. Since you trade momentum, try reading this. If you can't read and understand it... you should consider keeping your day job.
I'm not wasting anymore time with this. GL/HF
%%
LOL
Paper trading is much harder than trading with real money??Good sarcasm.
That's also what the metals dealer say.LOL.[Delayed edit, good points with the metal dealers even though they also trade for Fed Reserve notes]
But most people's guts know Federal Reserve notes from fake paper.
I like what an honest new trader asked on elite Trader ''WHY does the market ALWAYS turn when I get in it??LOL
An elite trader told him ''quit trading so big''
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How about 3 - 6 years? Still interested?
6 months is nothing in this game. To be honest, you're still a babe in the woods and you can inflict tremendous hurt upon yourself if you start swinging any serious size.
Short term trading index futures consistently is very difficult and you need to put a ton together to get there. Also, there's no substitute for experience. No shortcuts.
The market's there every day taunting us with large moves that would mean huge $$$ if we could trade them, but for most people that's about as realistic as winning the lottery.
Staying in the simulator is a very good idea. From what you've told so far you don't really have a strategy or triggers for entry/exits.
Sir...You are out of your league. A smart person is someone who knows when they are out of their league!!
I tried to be my own general on a small commercial building in California. About 1/2 way through (25 years ago), I knew I was over my head. I sold the 1/2 finished building and never looked back. And yeah, I was flipping houses and lots before it was even called flipping. But that building was a painful lesson that was very valuable to me for future endeavors. I would buy notes and deeds of trusts over the years. It took many transactions to know what to look for and what to avoid.
I will make this simple for you to understand...Please listen. SIM trading is NOT the same as trading. In SIM you are NOT going against market makers and the big boys.
I have been through 1987, 2000 (dot com bubble), 2008 housing crisis, and March 23, 2020 (Trump shutting down the country). Unless you have figured out a way to be covered and protected during a 20-40% draw down (within an hour), you should look elsewhere. Buy and hold; SPY, QQQ, Amazon, Google, Microsoft. If you want to dabble...Dabble with very small amounts, in an account that could be liquidated if necessary, and would not hurt you, if you lost everything in the account!!
It takes years of reading and programming to do what you wish to do.
You are out of your league...
I tried to be my own general on a small commercial building in California. About 1/2 way through (25 years ago), I knew I was over my head. I sold the 1/2 finished building and never looked back. And yeah, I was flipping houses and lots before it was even called flipping. But that building was a painful lesson that was very valuable to me for future endeavors. I would buy notes and deeds of trusts over the years. It took many transactions to know what to look for and what to avoid.
I will make this simple for you to understand...Please listen. SIM trading is NOT the same as trading. In SIM you are NOT going against market makers and the big boys.
I have been through 1987, 2000 (dot com bubble), 2008 housing crisis, and March 23, 2020 (Trump shutting down the country). Unless you have figured out a way to be covered and protected during a 20-40% draw down (within an hour), you should look elsewhere. Buy and hold; SPY, QQQ, Amazon, Google, Microsoft. If you want to dabble...Dabble with very small amounts, in an account that could be liquidated if necessary, and would not hurt you, if you lost everything in the account!!
It takes years of reading and programming to do what you wish to do.
You are out of your league...
When a doctor does their residency (teaching hospital), they will need to go before a large group of doctors to explain their mistakes (during a surgery...Why did the patient die)?? We all make mistakes. You become good by learning from your mistakes. The doctor could have done everything right...The patient was weak to begin with. A gall bladder removal death would be looked at a lot closer that say gun shot wounds.
If you are open, would you be willing to explain your mistake(s) that was made in 2019-2020?? You make get ripped here (I hope not), but you may learn some things.
What did you do wrong?? How could you have done it differently?? Have you put into place (stops, spreads) that would protect you in the future. I do get ripped on this forum, but I also learn things...
PS Some of my trading mistakes over the years (no special order); put rather than a call, fat finger, thinking GM would not go bankrupt, not understanding the pension problems of GE 15 years ago, the timing of the Dot Com bubble, interest sensitive stocks, etc...
If you are open, would you be willing to explain your mistake(s) that was made in 2019-2020?? You make get ripped here (I hope not), but you may learn some things.
What did you do wrong?? How could you have done it differently?? Have you put into place (stops, spreads) that would protect you in the future. I do get ripped on this forum, but I also learn things...
PS Some of my trading mistakes over the years (no special order); put rather than a call, fat finger, thinking GM would not go bankrupt, not understanding the pension problems of GE 15 years ago, the timing of the Dot Com bubble, interest sensitive stocks, etc...