Ramblings of a degenerate gambler

[Millionaire]

Does it matter in the context of this thread?

It matters to me!

This is NOT a sim experiment.

Like I said in my opening post on this thread: 'it is real money'

Proof:
I don't think you can make any type of withdrawals from a sim account (I don't know for sure as i haven't got a paper account setup with IB, apparently you have to request one)

If you refer back to my second post on this thread, which was posted around 1am Thursday 27th UK time, I said i withdrew $4000 USD which is £3000GBP.

Day1: +$2200
Day2: +$1200
Day3: +$2200
Day4: +$1800
Day5: +$1400 <- The Activity statement below is for this day
Day6: +$2000
Day7: -$1900

The statement for the day in question, clearly showing the 4000USD/3000GBP withdrawal and also approx 1400 USD profit (1008GBP) for Day 5.

I don't even have a Paper/Sim trading setup with IB, i just selected the Paper Trading option on the login to see what the Paper Trading GUI looks like but I get this popup message:

 

[Millionaire]

And some of that profit I withdrew last week has already been spent , I treated myself to a shiny new M1 Macbook Air.

This new Macbook runs TWS really well, IB have a specific Apple Silicon build of TWS.

Everything seems to run really fast on it and it doesn't generate much heat either. My other x86 Macbook runs really hot and eats through the battery in no time.

 

[SimpleMeLike]

Probably, at least 200 trades, much better if you have 500 trades to backtest it. Pretty easy to do in a simulator to place numerous trades all at once. Much more work on the trading log to see how many winners vs losers, average winning trade, average losing trade, winning and losing percentage. Use Excel to calculate those figures. If your expectation is positive, you have a good trading system. If not, your trading system is no good. Try again.

Hello smallfil,

So take 500 trading in simulation and if no positive expectation, start over and again and again right?

Thanks,

 

[Grantx]

I'd bet my net liq (as I know for certain it's sim)

We all know its bogus. The entertainment value lies in his defense of it being real lol.

 

[destriero]

We all know its bogus. The entertainment value lies in his defense of it being real lol.

 

[smallfil]

Hello smallfil,

So take 500 trading in simulation and if no positive expectation, start over and again and again right?

Thanks,

Right. Any trading system aligned with the major trend would put you on the right path. Even the most common 50 sma trading system with price crossovers to enter and exit can be successful in the right hands. You can always tweak any existing trading system and make it your own.

 

[Millionaire]

We all know its bogus. The entertainment value lies in his defense of it being real lol.

Its real, if i were paper trading my profits would be a lot bigger and there would be fewer losing trades.

After yesterdays loss, my plan was to trade conservatively and not lose too much today, with a target of making just $1000.

Took just 2 trades today. Really happy i did not overtrade today.

But I did sort of force the TSLA trade, i had lost $200 in RTY so I waited for TSLA to give me $1200, so i could end the day +$1000.

I am going to withdraw another $4000 (3000GBP) from my account today

Day1: +$2200
Day2: +$1200
Day3: +$2200
Day4: +$1800
Day5: +$1400
Day6: +$2000
Day7: -$1900
Day8: +$1000

 

[qlai]

We all know its bogus.

I am curious why? Is it him personally, because it’s not like he’s posting unbelievable numbers or anything.

 

[Millionaire]

I dont know why people dont believe this is real money.

I earn very decent coin as a contract/freelance software engineer. This kind of PnL isnt that life changing for me. If i make any money it will be fun to buy a few extra gadgets.

My serious trading is done with AMP using the Rithmic API, i used to use the IB API but i switched to AMP after IB started demanding stupidly high margin for day trading futures.

There was cash left in my IB account which i just had sitting there doing nothing. I didn't need to empty out all my IB account and send $100K to AMP because margin requirements for day trading are so low at AMP.

The trades in this Journal are just a bit of fun, i really don't know how long this Journal is going to last. I have never been a very good discretionary trader. Being a profressional software guy I have always just done automated algo based trading since 2004.

 

[smallfil]

I dont know why people dont believe this is real money.

I earn very decent coin as a contract/freelance software engineer. This kind of PnL isnt that life changing for me. If i make any money it will be fun to buy a few extra gadgets.

My serious trading is done with AMP using the Rithmic API, i used to use the IB API but i switched to AMP after IB started demanding stupidly high margin for day trading futures.

There was cash left in my IB account which i just had sitting there doing nothing. I didn't need to empty out all my IB account and send $100K to AMP because margin requirements for day trading are so low at AMP.

The trades in this Journal are just a bit of fun, i really don't know how long this Journal is going to last. I have never been a very good discretionary trader. Being a profressional software guy I have always just done automated algo based trading since 2004.

Don't worry about it. ET trolls like to bait others to reveal their trading approach and methods. They will steal and sell your methods to others. Some of them are vendors hiding behind their profiles pretending to be traders. Do these guys even trade? I doubt it. If you are a real trader, you understand the lingo of other stock traders when they post on the ET message boards. ET trolls only spread lies and disinformation, talk gibberish to supposedly, exude confidence when they are only spouting BS nonsense. These idiots cannot trade themselves out of a wet paper bag and should be ignored and automatically blocked. They only waste everyone's precious time with their nonsense.