ES Journal Archive (2011)

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Quote from gmst:

Ammo, I am sure sim is useful to many people, but I just do not get the same level of sincereity in the sim as in real trading. I think its one of my shortcomings. Please give some pointers and specific criticisms on my plan. Thank you very much.
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Gmst, since you said you were or are successful in forex;why not just stick to it? Why try to look for 'trouble' with ES.

What ever you decide keep it simple and then make it simpler.

The idea that you are going to be prepared to lose a small amount of capital to 'learn' is plum crazy,especially if you are starting with just 5000.:eek:
 
I took classes where they taught that unless you trade real money, you can actually slow your success. They did say to trade as small as possible while learning.

It's that 80% of people can paper trade successfully, but 80% of those will lose when trading their own cash. The psychology part.

BUT I think one could set a budget like gmst... but just trade it one day a week.... if you hit your daily loss at any point in the week... paper trade the rest of the week.

Whatever works for you!
 
Re: Paper trading and psychology


Just like anything else, practice makes perfect. Forget the paper trading software programs, get in front of your "real life" trading platform, and write your buy/sell orders on printer paper with a pen or pencil. Calculate the differences of each buy/sell and short/cover, and see how you came out overall. Don't bother with percentages, if it's the same stock or stocks over and over, just guestimate.

This is, IMO, very effective because it puts you in front of the same platform you really trade with, and gives you confidence that your numbers are based off of the real market, and not a quirky free website that has questionable streaming quotes that may be a few seconds slow.

It's just like surfing or hand gliding. Just catch the waves and don't try to hard for the turns :cool:
 
i think he knows how to trade with cash,dont think he knows es,if i started trading currencies tommorrow,it would be in sim til i learned to profit,if i couldnt learn it,i wouldn't invest a dime towards it,trading is war,gs is the enemy,and the money is better in my pocket than there's
 
Quote from JoshDance:

Why is that significant?
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it was in response to gordons psot about the fast turn,there was also a 19000 print at 12 38 cst,the 97.5 was being defended,i think the order is done now
 
Thanks Ammo for your comments.

Thanks Picaso for well written comments. Appreciate it.

Ok, let me ask a question:

I have only IB as the data source. Is it possible to get Tick, Trin, Advanced-decline from IB data source. I know IB data is a snapshot - does it affect quality of Tick$ quality substantially ? Sorry if these are basic questions, somewhere I need to start.
 
Quote from macho grande:

There's no rally from here dreamers :)
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It must suck when your own words come back to bite you:D

What is your stop for 1200 averaged buys? B1S2 needs it for trading integrity.
 
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