Matcha,
Pay no attention to that man behind the curtain. Just post us a (broomstick) copy of your
blownout trading account and I'm sure that will prove, to all of us, you're well on your way to trading
success.
What a load of crap, talk about, "getting real".
Quote from BHOFFCO:
Profitable trading is not about learning or creating a strategy and then being able to do it.
By the time I finished reading this post, I knew there was
nothing on that website I wanted to read! Thank God there are many participants with differing opinions in the markets, that's what provides liquidity. I'll be the first to agree there's no
one way to successfully trade the markets. In fact there are many ways to trade successfully, unfortunately, they're hard to find.
"How did everybody do it 15 years ago before there were simulators?"
I was one of those guys, I did it with paper and pencil. I also,
called in my daytrades, on a telephone! Then, I waited for my broker, (a person) to call me back and tell me if my order was filled or not. All that time, work and experience went out the window when the volume in the electronic markets surpassed the pit volume. We (I) was happy to have a platform that charted 1m bars "realtime" (they were rare). I think I ran down the street, howling at the moon, when I got my first simulation platform!!! The speed of the markets were increasing dramatically at the time, as they continue to today. The old school ways of
implementing the trades died. But the old school
methods, or
strategies lived on. Albeit what once took 2 hours, now happens in (possibly) 2 minutes! Today it's funny, to think 15 years ago a telephone with a
speed dial button was an edge!
Obviously, my stand on simulated platform trading/training is clear. But, not all sims' are created equal. I use IB to clear trades, but I never opened a chart in the software. I use Ninja Trader for order entry, but I never opened a chart in the software. I like both of these
tools, for different reasons. But as it is possible, to open a ketchup bottle with a pipe wrench, there are better alternatives.
Isn't it wonderful!!!!!
in trading, I always find how admiring and fasinating the traditional approach to trading is. Use paper and pencil to trade is no doubt the great way to understand price (inspired by one of the experience traders on ET a while ago) a little more and better, I started to pick on the project myself now ever since I decided to do everything I can to understand and adapt Al's Method.