Paper Trading Vs The Real Deal

Which broker can offer you a simulated trading using both real-time data and historical data for backtesting?

Most brokers need to open an account before you can start using the simulated account. Any broker doesn't require you to open an account? Hate to open an account just to test the platform. BTW, I have esignal for market data, and I am intersted in trading es.
 
at least in my experience, paper trading doens't have much carryover to real trading

i opened a papertrade account about 3 weeks ago

bought Nikkei Futures, Gold Futures, Silver Futures, Oil Futures, and Natural Gas futures

my 100k is now worth 540k

lol

in 3 weeks.

i've never comes close to that kind of return in real life

just my n=1 experience :)
 
hmmmm indeed. It stands to reason then that the one and only thing that prevents us from making great amounts of $$$ in the market is our own psychological flaws.... I.E our emotions trip us up.... prevent us from making those huge returns.

Now dont laugh .... i know you think im crazy but..... i've been giving this alot of thought lately...... I've been thinking of getting a lobotomy.

I feel that will cure all the emotions one goes through while in a trade... thus allowing me to achieve trading greatness.... to finally reach the Apex!!

Anyone else think this is a good idea?? I'm very surprised no one else has thought of this. But alas.... i bet the operation costs alot of $$:( ........ i must save and save..... in order to get it done.

Heee heee heee..... am a genius.... :cool:
 
it's not just psychology.

it willingness to take risk

i used my 100k to buy HEAVILY LEVERAGED INSTRUMENTS -


futures in Natural Gas, Nikkei, etc.

at one point i was down to 65k (from 100k).

since the money isn't real, i didn't care about losing the whole thing

so i let it ride

the same course of action might not be justified with real money

this was a major RISKY set of investments
 
Quote from whitster:

it's not just psychology.

it willingness to take risk

i used my 100k to buy HEAVILY LEVERAGED INSTRUMENTS -


futures in Natural Gas, Nikkei, etc.

at one point i was down to 65k (from 100k).

since the money isn't real, i didn't care about losing the whole thing

so i let it ride

the same course of action might not be justified with real money

this was a major RISKY set of investments
More...

If you approach a simulated account as you would treat your real account, the performance would be very close. The problem is that people, while testing simulators, do not care, they approach it with "whatever" attitude and when they later realise that "whatever" doesn't work in real life, they say simulators have little relevance to the real thing.
 
that is true. assuming you took into account "fill" issues.

in my case, those were nonexistent since i basically bought one basket and held for a few weeks, so slippage was realistic
 
reluctant ot take risk is purest form of fear.......fear of pain of loss..........fear of being wrong and feeling th epain.........the safest way to avoid risk is to don't take the trade......the relief of not trading is much more pleasnat than getting stopped for loss......pleasure or pain........until there is no emotional pain, you can't be your best..........
 
it's not just psychological. it's about willingness to TAKE a loss

i could have easily taken my papertrade account to zero by buying HEAVILY leveraged futures and maxing my leverage to the hilt.

in a real account, I would have had 100k of MONEY at risk. would that have been an acceptable risk/reward ratio?

no

with play money, it was
 
Quote from romik:

If you approach a simulated account as you would treat your real account, the performance would be very close. The problem is that people, while testing simulators, do not care, they approach it with "whatever" attitude and when they later realise that "whatever" doesn't work in real life, they say simulators have little relevance to the real thing.
More...

Thumb up!

People are just no serious when they papertrade. That's why they blame papertrade is useless.

It's like you are doing a mock exam, but doing the exam with notes beside you. You still write even after the time's up. Then you blame mock exam doesn't help when you fail in real exam.
 
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