Not gonna take any more of my money

[piezoe]

Quote from Eight:

I have all day to trade the simulator and learn and I don't need the income so that's what I'm doing. Done well today, my evolving strategy makes lots of money, the way I did it, forget it, glad it's play money...

Don't get the idea that because you can make money on a simulator you will in the real market. The main reason simulators give a false sense of how easy it is to make money is because they buy on the bid and sell on the ask! The same thing a market maker does, and that is a license to steal. You won't be able to do that "in real life as we know it." Unless you're planning on buying a seat on the exchange, that is.

 

[investwthme]

Quote from number22:

while normal people made losing trading, they usually kept it to themselves, only brag their winning trades.

You aren't normal, in fact you are probably abnormal, always coming back with different alias and make such claim of not trading any more.

pretty lames, so gtfo from forum with such young alias.

I have other aliases?
please tell me
and the name i got from a license plate i saw and thought it sounded alright.
Better than a #22

 

[jmcnabb26]

Good luck my friend... sometimes the best thing someone can do is walk away. I blew out 3 accounts before I started to make money.

 

[Palatine]

Quote from piezoe:

Don't get the idea that because you can make money on a simulator you will in the real market. The main reason simulators give a false sense of how easy it is to make money is because they buy on the bid and sell on the ask! The same thing a market maker does, and that is a license to steal. You won't be able to do that "in real life as we know it." Unless you're planning on buying a seat on the exchange, that is.

Which simulator does that? Name us some. IB's Paper Trader for instance is very realistic in terms of trade executions. Using one is still better than gambling your money away because it tells you quickly what works or not.

Obviously, scalping is not the approach you are looking for if you are just beginning to trade which make high precision trades even less crucial for those.

 

[piezoe]

Quote from Palatine:

Which simulator does that? Name us some. IB's Paper Trader for instance is very realistic in terms of trade executions. Using one is still better than gambling your money away because it tells you quickly what works or not.

Obviously, scalping is not the approach you are looking for if you are just beginning to trade which make high precision trades even less crucial for those.

TOS, which is otherwise a very good simulator. Please look at what the IB simulator is doing very carefully. I think this problem of unrealistic fills is quite common, but i hope i am wrong about that..

 

[Roman Candle]

Quote from investwthme:

I am done, no more day trading for me.
second day i tried to trade a break out on ES and it didn't work. I just can't stop out until I take a hit.
I did not totally blow up but losing 60% of starting capital over 1 year is enough.
Its not worth trying after taking a big loss and I have taken a BIG loss on march 12th.
I can't seem to get back in the game. I make some and then lose some more.
Maybe I'll swing trade or learn something about options.
If I get real lucky I'll find someone to teach me

The market has been range bound for the last 4 weeks. Most of the moves are occuring over night. We are heading into a real dull period.

Now is a good time to exit the markets.

 

[piezoe]

Quote from Roman Candle:

The market has been range bound for the last 4 weeks. Most of the moves are occuring over night. We are heading into a real dull period.

Now is a good time to exit the markets.

If you draw a trend line on the daily ES from the April1 low 0f 779 through the April 28 low of 838.5 it seems to be still in a slight up-trend. Looks as though it may be trying to slowly get back to those January highs above 900.

 

[Roman Candle]

It has been a month full of gaps.

 

[Roman Candle]

There is little follow thru in either direction. Just when you think we are going to correct it heads higher. Just when it heads higher and dips for your entry it keeps dipping.

 

[sdb5057]

Yep, recently I have been getting my butt handed to me in my positions.I was doing real well (up 40%) until the "March bottom" hit. There is something about the recent market movements that are really not working for me. Rallies on horrible news, drops on great news, etc ,etc. My account is slowly being washed away as I try and gain a foothold. Oh well.