Retail vs Pro

[ironchef]

So all Y are failed X. Bottomline ignore Y...

I thought it was the other way?

 

[Overnight]

When they Y still had the job of Pro. Once Y loses the pro job and tries to become X, Y <= X is the answer.

Once Y loses job, Y becomes X, he doesn't "try to be" X.

Now, X has to try to be > Y. It does not happen.

Y is always greater than X.

OPM = easy.

OwnM = difficult, in comparison.

A sim account (Y) is effectively OPM. Compare your sim account (Y) with your live account (X).

Which account is doing better?

For me, it is Y. Because it is not X, my own money. Pretty basic.

 

[JSOP]

Once Y loses job, Y becomes X, he doesn't "try to be" X.

Now, X has to try to be > Y. It does not happen.

Y is always greater than X.

OPM = easy.

OwnM = difficult, in comparison.

A sim account (Y) is effectively OPM. Compare your sim account (Y) with your live account (X).

Which account is doing better?

For me, it is Y. Because it is not X, my own money. Pretty basic.

Well not if you develop your sim account to be profitable. You are supposed to make your sim account consistently profitable before you go live, then Y becomes or vice versa. That's always my philosophy: Develop a trading plan and then trade the plan.

 

[sle]

Now you are telling me. Back in 2013, I tried to learn option trading by watching youtube videos (tastytrade for one) too.

Maybe you should have tried cakes instead?

PS. A friend of mine is a high end pastry chef - it's really hard

 

[eurusdzn]

Spoon eating raw sugar fom the bowl is a derivative of ...high end pastry.

 

[sle]

Spoon eating raw sugar fom the bowl is a derivative of ...high end pastry.

The opposite, no? Sugar is a simple carbohydrate, while starches are complex

 

[ironchef]

Maybe you should have tried cakes instead?

PS. A friend of mine is a high end pastry chef - it's really hard

Harder than options?

My better half tried cakes until I refused to eat her failures and we couldn't give them away.

 

[ironchef]

Once Y loses job, Y becomes X, he doesn't "try to be" X.

Now, X has to try to be > Y. It does not happen.

Y is always greater than X.

OPM = easy.

OwnM = difficult, in comparison.

A sim account (Y) is effectively OPM. Compare your sim account (Y) with your live account (X).

Which account is doing better?

For me, it is Y. Because it is not X, my own money. Pretty basic.

I made lots of paper profit backtesting, so I understand your points thank you.