Journal of trader um (aka traderum)

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From IB website:

Trader Workstation Demos:

The Trader Workstation (TWS) is our full-featured java-based trading and order entry application. The TWS demo mirrors the actual TWS in both form and function except market data is simulated based on the previous week's ticks and orders are not actually executed and cleared. However, TWS functionality will be identical to the actual application.

Availability:

The IB TWS demo is available from 00:20 - 23:50, seven days a week. If you experience technical difficulties with the demo system please email tac@interactivebrokers.com.

http://individuals.interactivebrokers.com/en/p.php?f=tws




This explains a lot Traderum. If you really think you are on to something then move on to papertrading and see how you do. Functionality means the only reason demo accounts exist are to practice entering orders. In fact, it appears that it is set-up so that you look as if you are making money because this is the only free thing on IB website that you can download. In the marketing world this is referred to as bait and switch. They hook you in thinking that you are going to make fortunes, get you to fund your account, then and only then do they let you papertrade. Show us how you do. I would say that there is reasonable doubt that your offer of 'running' other peoples money may be something other than legit. A couple off the cuff remarks on posts about US troops and terrorism didn't help your cause. Good luck, start a journal with papertrading.
 
Quote from Tide31:
From IB website:
The TWS demo mirrors the actual TWS in both form and function except market data is simulated based on the previous week's ticks and orders are not actually executed and cleared.
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Yes, they write so, I already had remarked what they write in my own postings here.
But I also said that it is not true what is written there.
The Demo is real, if you are a trader then it should be easy to see that
the response you get to your actions is real, not simulated, and not any old data.
The action happens now. If you place an order and follow what happens
then you get a feeling whether it's real or not. I say it is real! Believe it or not!
Hey, have you yourself ever worked with the Demo? I guess no.
So who do you think can judge it better, you or me?
FYI: I test it for several weeks now.

This explains a lot Traderum. If you really think you are on to something then move on to papertrading and see how you do.
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I told you it doesn't matter, because my method works in any environment
(demo, paper, real), and also independent of exchange.

the only reason demo accounts exist are to practice entering orders. In fact, it appears that it is set-up so that you look as if you are making money because this is the only free thing on IB website that you can download. In the marketing world this is referred to as bait and switch. They hook you in thinking that you are going to make fortunes
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You tell me nothing new.

get you to fund your account, then and only then do they let you papertrade. Show us how you do. I would say that there is reasonable doubt that your offer of 'running' other peoples money may be something other than legit. A couple off the cuff remarks on posts about US troops and terrorism didn't help your cause. Good luck, start a journal with papertrading
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The question was why I need "so much" capital (>=100k) and why not use a small amount and use compounding.... I gave an example:
even the mighty US military needs more troops (some reserves) to win a war, that's the same reason why I need some "reserves": to win the trading war.
My method requires a high buying power (ie. some reserves for the worst case situation).

Hey, I go my way and you should go your way, I'm not interested in anyhing you sceptics say. I have my own head. Please respect this.
 
I've been unable to use charts in the TWS Demo since I started using it (some weeks now),
I thought it maybe is a limitation of the demo.
But, it wasn't that important to me.
I know T/A good, but don't use it anymore.

Anyway...,
today I installed the latest Unix beta and to my surprise charts work fine now! :-)

Imagine: I made my said profits without using any charts! ie. blind trading :-)
(but I use a simple market scanner of my own for picking the instruments I should trade. it also gives hints when to exit etc.).
 
Quote from Tide31:

Thanks Magna, I in fact have had things I felt strongly about moved to Chit Chat for far less. Young traders following Traderum's journal might get the wrong impression that markets do in fact trade 24/7 for 'professional and institutional' traders when clearly this is not the case. I would encourage anyone to start trading and Demo then papertrading is the right way to track your progress. We tried to help him initially, as you can see, in a previous thread he initiated, to realize that the prices he gets are computer generated and NOT realistic. Demo mode is strictly to get used to placing and canceling orders and not to track results, this can be confirmed by IB. To promote a journal of someone posting results from such a test sends the wrong message to young or newbie traders that it is in fact easier than it looks. In demo mode you can place orders $2 below the market and get hit because the demo wants to show you how to see orders placed and filled so you get used to entering them. Mistakes, 'fat finger' for instance, as we all know cost us money and demo mode serves the purpose of avoiding exactly this. I have no problem with this gentleman posting whatever he likes, I for one just believe after we tried to correct and encourage him in previous thread only to get rebuffed time and time again that this journal might be better off at this point in Chit Chat. His first post in previous thread was a solicitation for offshore funds to financially back his 5% daily guaranteed 'beta-tested' results from an IB demo mode track record. Clearly ET can see the danger in this, a guarantee of returns is an SEC violation, and would be best for all including ET not to promote this.
-Tide
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I fully support this post. I can't see why Magma hasn't banned this poster from ET yet. There have been bans for far far lesser things on ET !
 
Quote from traderum:
new day, new luck: today (Monday) I started about 2 hours ago. +4k so far.
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Ooops. things change so fast... I'm in the reds: -2.5% ... :-(
EDZ makes me problems (-8% on a big position).
But nothing is lost yet... :-)
I'll apply my super duper strategy and win the battle, I hope so... :-)
 
Quote from cvds16:
I fully support this post. I can't see why Magma hasn't banned this poster from ET yet. There have been bans for far far lesser things on ET !
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FYI: I got a warning from the mod saying "No Free Advertising or Recruiting or Soliciting". I replied "Ok mod".
 
Quote from traderum:
Ooops. things change so fast... I'm in the reds: -2.5% ... :-(
EDZ makes me problems (-8% on a big position).
But nothing is lost yet... :-)
I'll apply my super duper strategy and win the battle, I hope so... :-)
More...
Yep, the EDZ MM is bored of my kind of trading, he gives up. Now only -0.7%... (remember it was -8% ! :-)

Ooops.. he changed his mind... goes again back... -1.9%...
He will come back to my price, he has no other chance... time&thecrowd are working in my favor... :-)

BTW, acct now up +12k (+2.4%) since start today.

PFE too seems to have some problems with my Put options worth more than 50k... :-)
 
ctd.

EDZ now is on the zero line and applies the usual psycho games to force me "to close without loss" etc. :-)
I'm not interested... :-)
BTW, the pos is very big (about 250k :-)

It seems I've upset him :-) He goes back to -4.5% :-)))

Update:
I'll make him an offer of +3% for me, let's see how he reacts... :-)

Yes, he seems to accept my offer... :-) not finished yet... tbc
 
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