Up $1240 (sim) over the past ten weeks in this trade room, should I join?

[K-Pia]

Making 6k a year, doing something related to your career is still better than playing SIM, or earning nothing.

What do you recommend I do to grow and learn as a trader?

Thank You.

@garachen @Visaria

Combine both. Trade when you can to gain experience.
Guess the return you can produce. How much capital you have.
Then, according to your return, quite your job when you have enough capital.
To be able to reproduce twice your salary. Twice because we ain't get paid every month.

Or

IF Capital * Average Montly Return(%)^12 >= 2(Yearly Expenses)
Then Quite your job. But to compound means no withdrawal.
That's why it's also wise to multiply by two the expenses.
Rule of thumb ....

 

[Iwilldoit]

Its a known fact and survey and research has been done on it..most lose and underperform the market...Apart from the certification which is nothing more than reading books and giving exams.

They have no track record or history = Useless

What is the benchmark to which to compare your performance to?

 

[K-Pia]

What is the benchmark to which to compare your performance to?

The S&P 500 ?
A passive strategy. Buy & Hold.
Or your potential savings as a worker.

A benchmark that you could cash in.
Compare different strategies.

It's all about : What are the options ?
Then compare their ROI over time.
If you can't beat your job salary or a passive strategy while actively trading then ... You're not doing it right in terms of wealth maximization.

 

[Iwilldoit]

I found out this guy only trades in SIM, but he does have an algo which trades live in tradestation.

The signals on the live trades in tradestation are similar (Ninja does not have intrabar) as the signals on the SIM account.

So is his trade room credible?





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