Profit in demo & loss in real

Quote from StoicZeno:

Demo, you let your winners run and cut your losers quickly. Real, you take your profits too quickly, while watching your losers get worse hoping they'll come back. Even if you have more profitable trades than losers, you'll still end up down at the end of the day when your losses are greater than your profits. Like so many others, you lose money while taking profits too quickly. Factor in slippage and commissions, you have no chance.
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I've seen this over and over again in traders transitioning to live for the first time.

When they transition to live they become over-conservative with profit taking and then ignore losses because they refuse to admit they were wrong.

The best thing in this case I've seen is to reduce the capital for each trade until the emotional fear is gone and you manage trades more in line with the demo results.
 
Quote from Peter brandley:

Hello friends- i mean about when I try to trade with demo account I can make many profit, even around 10% of capital daily. but when I try to trade with real account I always loss my money, even I have touch margin call yesterday. what happen, i feel i have use same strategy?:D :D
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Slippage - your strategy only works in "theory" - not in reality.
 
The ability to live well and die well - it is one and the same science.
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Epicurus


1. Start real money trading only with price money ,which you win in
paper game competition's

Example's -

Occasionaly link belov provided paper money competition with real money price or real money account as price for 1-3 place's in paper
money competitions

http://www.myfxbook.com/

Exist another's competitions in different countries

http://www.trader-2013.com/coba-depotcontest/web/views/index.xhtml

2. If you won price money -

atleast 50 % of them you must buy
things or service ,which make pleasure for you

( Notebook ,Bottle of good Cognac ,Dinning in restaurant &)

3. No more as 50% of price money ,which you win in paper money competions ( can be by different competition's 50 000 $ for 1 place )

but no more as industry standart account = 2000 $
###############################
( better 2 attempt's ,each with 1000 $)

you can use for real trading


Your respectfully
 
Depend from objective ,trading strategy ,initial capital and software

In some case's -

limited objective's - End of trading by 50 000 $ account
strategy ,which not used scalping ,small quantities of operations
small initial capital ( not more as 1000 -2000 $)
high liquid market ( stock index ,forex )
good paper money platform ( web based FXCM demo
evaluated as good)

paper money result can be some relevant to real money result


But ,that depend from great quantities of attempt's

Sucess in 1 attempt with good result in paper money is not relevant
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More as 100 attempt's ( fortune ,dispersion of positive
and negative result's ,market conditions &) are more relevant

Your respectfully
 
Example of Fortune
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Top poker player Gus Hansen won life Poker 9.4 mln $
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http://www.pokerpages.com/player-profile/gus-hansen.htm

Example

Fortune going away
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but after that loss online Poker 10 mln $ ( in 2013 - 4 mln $ )
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Gus Hansen, aka the “Great Dane” is said to have amassed a massive $10.4 million in lifetime online poker losses, making him the biggest loser online

http://www.canadapoker.com/the-biggest-losers-in-online-poker/

One of the best poker players in the world, the 37 year-old Ivey has captured nine WSOP bracelets and amassed live winnings of $17,649,220. Ivey’s online cash record has been equally as impressive. With $19,242,744 in earnings playing under his own name at Full Tilt, he is considered online poker’s biggest ever winner.
Despite being the biggest winner in online poker history, since Phil Ivey started playing on the re-launched Full Tilt Poker under his latest nickname “Polarizing”, he is currently down a whopping $3,232,426 with -$2,980,086 of that total coming in this year alone.


Biggest Online Poker Losers In 2013
Gus Hansen: -$4,003,528
Phil “Polarizing” Ivey: -$2,980,086
http://www.canadapoker.com/the-biggest-losers-in-online-poker/

Broker commission ,spread ,margin fees ,spread = rack by poker
 
Quote from ssss:

Example

Top poker player Gus Hansen won life Poker 9.4 mln $
http://www.pokerpages.com/player-profile/gus-hansen.htm

but after that loss online Poker 10 mln $ ( in 2013 - 4 mln $ )

Gus Hansen, aka the “Great Dane” is said to have amassed a massive $10.4 million in lifetime online poker losses, making him the biggest loser online

http://www.canadapoker.com/the-biggest-losers-in-online-poker/

ne of the best poker players in the world, the 37 year-old Ivey has captured nine WSOP bracelets and amassed live winnings of $17,649,220. Ivey’s online cash record has been equally as impressive. With $19,242,744 in earnings playing under his own name at Full Tilt, he is considered online poker’s biggest ever winner.
Despite being the biggest winner in online poker history, since Phil Ivey started playing on the re-launched Full Tilt Poker under his latest nickname “Polarizing”, he is currently down a whopping $3,232,426 with -$2,980,086 of that total coming in this year alone.


Biggest Online Poker Losers In 2013
Gus Hansen: -$4,003,528
Phil “Polarizing” Ivey: -$2,980,086
http://www.canadapoker.com/the-biggest-losers-in-online-poker/

Broker commission ,spread ,margin fees ,spread = rack by poker
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Why in hell lose all that online, I just don't understand how people do this to themselves. Harsh lessons in this story.


Trading sim is only good for the practice with platform and learning order entry exit tools. Trade with micro positions in MT4 acct live to build up live trading experience, that is once you feel you have good system to trade. Better to lose $1K in micro forex account over a few months than kill $10K in futures account. You do have to lose money to learn how to be profitable. Build experience with managable losses is better than 5 years of sim trading.
 
Copy from posting respondent COGnizant
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1. ...Trading sim is only good for the practice with platform and learning order entry exit tools. Trade with micro positions in MT4 acct live to build up live trading experience, that is once you feel you have good system to trade. Better to lose $1K in micro forex account over a few months than kill $10K in futures account. You do have to lose money to learn how to be profitable. Build experience with managable losses is better than 5 years of sim trading.

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Autor (ssss) not mentioned that MT4 is good . It is worst !
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Autor stated that web based FXCM from FXCM UK is good

http://www.fxcm.co.uk/products/trading-station/web/#

2.Copy from posting respondent COGnizant
---------------------------------------------------------
...
You do have to lose money to learn how to be profitable. Build experience with managable losses is better than 5 years of sim trading.

Only propaganda from respondent COGnizant for profit
for professional in financial industry
##############################

Each professional ( which take spread / have place on exchange) need some 1000 -3000 retail clients to be profitable
##############################

90 % of retail clients lose money in one year
5 % go to 0
and only some 5% retail clients profitable
lower as 0.1 % retail clients make profit more as 500 %



1.Not start any trading activity with real money ,with exception
this money ,which you win in paper money contest
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And only part from price money, no more as 50% ,and no more as industry standart account -2000 $
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Better two attempt's ,each 1000 $

2. Not start any trading activity by any not public noted company ,which isstrong regulated by SEC,CFTC,FSA,BAFIN &

Examples' -Ameritrade/Thinkorswim ,Schwab/Optionsxpress, FXCM

3. Not start any real money trading activity with software as Metatrader
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Only best platform as Optionsxpress,Thinkorwim ,FXCM

and both version downloading and web based for worst network conditions

OX offer web basedwithout flash ,it is more secure for worst network conditions
 
I don't care what platform used, you will take losses to learn discretionary trading. Platform used is low on priority list when learning how to trade. Good trader can make money with almost any platform. I can make money on FXCM platform or MT4 or others, that is no obstacle to profits.

A learning trader can use whatever platform they wish but they need to stick with simple first as experience is developed.
 
FXCM montly contest King of the Micro
41 month ,each month atleast 5000 competitior's
more as 200 000 attempt's
70% of competitors make loss in one month
For time 41 month onlyy 6 results better as 2000 % per month

some 12 results (6 above included) more as 1600%

Most of them on inital capital 500 -600 $
Top performer performed 12700% in oen month on capital
approx 1175$
2-4 place perforem's performed 2800 -3100 %


http://www.elitetrader.com/vb/showthread.php?s=&threadid=247149
 
COGnizant


Registered: Jul 2013
Posts: 6


New Post 09-21-13 09:55 PM

I don't care what platform used, you will take losses to learn discretionary trading. Platform used is low on priority list when learning how to trade. Good trader can make money with almost any platform. I can make money on FXCM platform or MT4 or others, that is no obstacle to profits.

A learning trader can use whatever platform they wish but they need to stick with simple first as experience is developed.

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Copy
I can make money on FXCM ...

Can you provide opinion of SEC,CFTC about your trading results ?

If not ,all your statements without any matter
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