If ya cant beat these,u really shouldnt be trading at all

[bwolinsky]

Quote from stevegee58:


Surely real trading isn't that easy, right?

"Real trading" is a definition I could laugh both ways around. Every time you trade is "real trading." So, lol.

I can't sit at a screen. I want to be entertained by it, but what makes that trading ungambling is that I don't have to think or be rude to people who call expecting me to leave the terminal.

That isn't the way life is unless you really are a professional prop trader or someone who does trade as their sole income in which case they're still a pro prop trader.

My easiness with it is simply that the more times I skin a cat, the more it looks the same. A bloody mess.

If I only have to skin a few cats, I don't have to worry about how to skin the cat better, because the approach probably won't look any different when it schemes into development. Once the rare grail is in you, I drink from it and take away the life I had to receive it. Once I've received it as the story goes, I don't have to skin anymore cats because I already know how.

I'm just saying that I want to find the best way to skin a cat, then pay someone else to do it that way for me, so there isn't that bloody mess.

 

[dtrader98]

Quote from Placebo:

http://chartgame.com/

nice! thanks for sharing that. I've always wanted to build one of those. I'd like to do it in R, but don't know of any halting IO commands that would halt , capture, and process loop data.

 

[1a2b3cppp]

Quote from stevegee58:

I played the metals game through July and finally got the hang of it. All I did was let my winners run and cut my losers early.

Surely real trading isn't that easy, right?

How do you know how long to let your winners run for? How do you know how early to cut your losers? Was entry random?

 

[1a2b3cppp]

Does anyone know if that game just uses a random number generator?

 

[1a2b3cppp]

Quote from Placebo:

http://chartgame.com/

Cool game, but doesn't allow adding to open positions or scaling out

 

[stevegee58]

Quote from 1a2b3cppp:

How do you know how long to let your winners run for? How do you know how early to cut your losers? Was entry random?

That's a valid question but I don't know how to answer it exactly.

I used basic PA for entry and exit. I'd look for sudden momentum and wait for a dip. Or look for range and consolidation breakouts and wait for a dip. If recent support or resistance was broken after entry I'd exit immediately. If a trade was moving quickly in my favor I'd let it go longer than if it went the wrong way immediately after entry.

 

[1a2b3cppp]

Quote from stevegee58:

That's a valid question but I don't know how to answer it exactly.

I used basic PA for entry and exit. I'd look for sudden momentum and wait for a dip. Or look for range and consolidation breakouts and wait for a dip. If recent support or resistance was broken after entry I'd exit immediately. If a trade was moving quickly in my favor I'd let it go longer than if it went the wrong way immediately after entry.

I would laugh if it turned out that game was using random numbers to draw the chart.

It does seem to have upward bias, though.

 

[Stoopidly]

Quote from 1a2b3cppp:

I would laugh if it turned out that game was using random numbers to draw the chart.

It does seem to have upward bias, though.

I'd be surprised if it was all random, probably just random to some degree. It was pretty easy to beat, just buy on up ticks and sell all on down ticks. The nature of the movements in the game make it easy to use a stupidly simple strategy like that. Didn't see a single unexpected big move in either direction.

 

[stevegee58]

The chartgame.com site was much harder and appears to use real historical data.