Trading Skills

I have increased my simulated account by:

  • 100% + in a year

    Votes: 12 63.2%

  • 50% to 99% in a year

    Votes: 0 0.0%

  • 25% to 49% in a year

    Votes: 0 0.0%

  • 10% to 24% in a year

    Votes: 0 0.0%

  • 0% to 9% in a year

    Votes: 2 10.5%

  • I lost money in my simulated account

    Votes: 5 26.3%
  • Total voters
    19
P

Pension_Admin

Every great trader understands the needs to trade simulated account before going live. Those who are currently trading simulated accounts are on their way to become great traders.

What I wanted to know is, what are the skill levels of traders on simulated account.
 
Quote from Pension_Admin:

Every great trader understands the needs to trade simulated account before going live. Those who are currently trading simulated accounts are on their way to become great traders.

What I wanted to know is, what are the skill levels of traders on simulated account.
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Play money trading can never prepare you for the real thing.
 
Quote from SkepticTrader:

Play money trading can never prepare you for the real thing.
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Sorry, I have disagree. Even Jesse Livermore were "sim trading"(in his mind, cause there was no computer back then. lol) for 6 weeks before attempting to trade with his 500 shares facility.
 
Quote from Pension_Admin:

Every great trader understands the needs to trade simulated account before going live. Those who are currently trading simulated accounts are on their way to become great traders.

What I wanted to know is, what are the skill levels of traders on simulated account.
More...

I know ten times as many traders who are now former cash traders with blown accounts, as traders who started on a sim, and worked up their confidence before going to cash.
 
We just have to disagree. Trading is a game of emotions. What emotions are involved when you are trading play money. Risk tolerances and money management are thrown out the window when it's only play money on the line.
 
Quote from SkepticTrader:

We just have to disagree. Trading is a game of emotions. What emotions are involved when you are trading play money. Risk tolerances and money management are thrown out the window when it's only play money on the line.
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On that, we agree. There is no better place to develop a system of your own design than in sim. Quite foolish to do so in cash. Once your system is right, then go to cash, starting small, in order to conquer emotions in trading, and increasing size as emotions are controlled with more size. We also agree that emotions cannot be fought in sim mode. The two issues here are 1) ability of the trader and 2) ability of the system.
 
Quote from Pension_Admin:

In that case, with no emotion in simtrading, returns should be higher.

We should we more votes that show high return results.
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The absence of emotions, combined with sim-type fills (no slippage), creates idealism in results. Yes, they should be higher.
 
What is the difference if any in the data feed of a Demo account compare to a Simulated account using Ninja Trader with Zen-Fire data feed?

Is the same data feed for a Sim account considered live data?
 
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