Quote from traderkay:
... on the simulator. I'm doing playbacks on Ensign's simulator. Incase you are not familiar with it, it allows you to download all ticks for a certain day, and then play the whole back at your chosen speed whenever you want. SimBroker allows you to mark your buys and sells and does account for commissions. I picked days pretty much in sequence, from months like November, December. I do playbacks on 1min ES chart at 6x speed and $5 IB style commissions. I would suppose 6x actual speed would simulate some real-time slippage. It's like I can't stop winning. If I made stupid mistakes during a particular day then it just turns out that I'm not gonna make alotta money on that day and that I will make something like $20 maybe but not lose. Here's my "results" so far: (day totals)
+10 +292 -115 +25 +142 +115 +15 +65 +220.
OK, I'm waiting to hear why I'm an idiot/this won't last/I wont be able to make a dime with real $/etc.
You have defined your problem quite clearly.
To change from where you are now will take several steps.
The many many posts you have made on your difficulties make for a very good example to others.
In learning, the greatest difficulty is the first real step. You will have to cut down to your size, each learning step that you have to learn. Why try to take a first big step when it invariably turns out to be a failure.
It is very unfortunate that you have been jumping around like a butterfly week after week and just cluttering up your mind with the answers to questions that you formulate and ask.
You can see by your Q's that you have not reached a point where you can begin to go to work. I assume that you are not an idiot at all. This stage you are at now is just a precursor to moving to a more rational place. You are just wrapping up all the ploys that are used to avoid settling down. You probably will change the ways you seek attention once and for all, since they are not much of a challenge any more. at this point you are capable of recognizing that the "safety" of remaining where you do stuff that keeps you cycling along in futility is a routine that is getting old.
That is why what you are doing won't last.
Just about anyone can make money in the markets. The markets tend to grow in size, participation and breadth. The net result is that more money changes hands and more people keep some of it for themslves. The stock markets are the easiest, inwhich to make money. But they are limited by lower leverage and other trading advantages.
Any way you do it, the compound interest formula takes you to a wealthy place. There are many many ways to make money. To make money you have to simply settle down and learn how.
Your first step is to begin to learn. Now is the time to recognize that you are capable of learning. Since you do not have any strength and stamina as yet, you might want to watch for a while.
Don't try to think up any questions. Just watch and and listen.
You will get the picture of where you are in the infinite scheme of things at some point.