If You Can't Make Money On a Simulator

Rickshaw Man said:
If You Can't Make Money On a Simulator, then you have no business trading with real money. I will post my daily results here using a simulator. I will trade NQ with a 500k sim account. I will not say where i am buying or selling, takes too much time.

I will post my trades after cash close 3:00pm CST.

Wish me luck!
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Why are you starting a new thread on this? You've been doing exactly that for years here.

Did you close your NQ 13,900 4-contract long position? It's up 800 points per contract.

So you should be $64,000 in profit, minus the 17-18 bux commission and fees.

Live or Memorex?
 
longandshort said:
I used to trade sim accounts (as a kid -- paper trading on interactive brokers) and kept breaking the sim. Unfortunately, real life is quite different. Backtesting a strategy is more helpful IMO.
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%%
Backtest is good;
i still paper trade with a losing streak. Good way to stop losing but cant predict a win steak but still good...............................................................................................Sim is good for brokers, or even could help learn a bit:cool::cool::cool::cool::cool:,:caution::caution::caution:
 
Ciao!

2021-07-02 .jpg
 
Some folks on ET are here to create strife and division. They prod you to engage you, it helps the site owners, buy keeping you engaged. I love the ignore feature.
 
newwurldmn said:
why are you bothering with a Sim account?
I would think that someone with 7000 posts over several years would be running a proper real account.

If it’s for illustrative purposes, why not just use your real money account?
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At first glance...he should only be using either a simulator or minimum position size only if he's testing a new strategy while as a newbie trader.

Yet, if he's been around for many years as in a veteran trader...he can do the same strategy testing with the minimum position size on a real money trading account.

Regardless, a person should only use on a simulator what they actually plan to use in their real money trading account. Thus, using a 500k on simulator...he should have 500k in his real money trading account to prevent the common problem many traders run into when they transition from simulator to real money trading.

Unfortunately, many brokers with simulators are using the simulator to give traders false hope via the simulator is either set at a high fixed trading account dollar amount (e.g. 500k simulator but the trader only has 10k in his real money trading account) that most retail traders can not match in their real money trading account or the simulator has no risk management controls...the latter encourages risky trading / emotional trading.

wrbtrader
 
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longandshort said:
I used to trade sim accounts (as a kid -- paper trading on interactive brokers) and kept breaking the sim. Unfortunately, real life is quite different. Backtesting a strategy is more helpful IMO.
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Sims are devoid of emotions - The catastrophe of trading a real account.

You can only dabble around with them for so long until you realize their complete uselessness - unable to transition into real world.
 
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