Is a demo account waste of time?

[Turveyd]

I don't much care whether you believe me or not. As I said, best of luck to you.

Not intention of proving it either I bet LOL

Luck LOL you believe in luck while lecturing others how to trade LOL

 

[dbphoenix]

Not intention of proving it either I bet LOL

Luck LOL you believe in luck while lecturing others how to trade LOL

I don't still hold records from 1977, but you could always look up my posts on TMF from 1998. I didn't post to CompuServe.

As for luck, no, I don't believe in it, but you clearly do, which is why I wished it for you.

Again, best of luck to you.

 

[Turveyd]

I don't still hold records from 1977, but you could always look up my posts on TMF from 1998. I didn't post to CompuServe.

As for luck, no, I don't believe in it, but you clearly do, which is why I wished it for you.

Again, best of luck to you.

Wild goose chase, fishy!!

Definately don't believe in luck, why I always use the term random chance!

Best of random chance to you!

 

[Visaria]

You never have fear of losing money? Then you would be the exception. When a trader trades for his living, has a family and expenses, the fear is real. A bad day, month or year can lead to problems. I've encountered it myself and have watched it MANY times in others.

I dont trade for a living. I trade to build my wealth.

I set aside a year's living cost from my overall wealth and trade a big portion of the rest.

I appreciate not everyone can do this, but too bad. it gives me another edge over others.

 

[Visaria]

It's not particularly challenging. If one can connect two dots, he can define a trend.

best post ive seen on the forum for a while

 

[dbphoenix]

best post ive seen on the forum for a while

In the same vein, I used to think that if one could tell time and tie his own shoes, he could succeed as a trader. But I've since learned that it also helps to be able to draw a straight line and draw a box.

 

[kut2k2]

But there's no evidence that it works (like trickle-down economics ). I'm not suggesting that it's garbage, only that it does not address the comment which prompted the post.

Since when is a backtest not evidence? The guy gave full disclosure, both his data set and his strategy. Like a good science experiment, it's reproducible. Those who wish to disprove it have all the information they need to do so.

 

[dbphoenix]

Since when is a backtest not evidence? The guy gave full disclosure, both his data set and his strategy. Like a good science experiment, it's reproducible. Those who wish to disprove it have all the information they need to do so.

Evidence of what? It still has to be implemented.

 

[i am nobody]

If you trade size then spread the orders out, this is common knowledge - you don't just submit one large order.
Most traders do not trade the ES and therefore have less liquidity at their disposal. Nor do they go for $5 a share windfalls.
What I'm saying applies to most equities, most futures and a number of currencies.
You do not understand that the volume of 2 million contracts is for the whole day, at any given moment there might be only 10-20 contracts on offer so an order in the hundreds would definitely move the price, especially in the quiet hours (12:30pm to 1:30pm).
If your goal is to get the average price for the whole day then yes, daily volume matters.
Sure, I can buy a large position "in seconds" as well but I know that I will be moving the price with my order and that translates to the bottom line. The goal is not to get filled at any price but to get filled while remaining relatively invisible.

I speak about my personal experience, that's all I can speak about. I do trade the ES, what others do is not important for me. For me demo trading approaches real time trading.
You speak probably about traders who stay seconds or minutes in a trade as they make very small profits. I keep positions in general for 1,2 or even 3 hours. I always have fills in seconds and demo prices are very close to market prices. I can check this by comparing, after closing of the market, real prices with demo prices. For me it makes sense. So there is not 1 simple answer to the question of the OP.

 

[kut2k2]

Evidence of what? It still has to be implemented.

Evidence that it's worth implementing. If a strategy under consideration fails its backtest(s), then there's no point in wasting more time on it.

What did you think backtests were for?