doubled my paper trading account in 2 weeks ... ???

The problem with paper trading is you don't see your unrealised p&L and therefore don't get spooked out of bad positions. And it's easy to overtrade exceeding what would be your margin requirements.
 
i did the same few weeks ago. Left a position opened in my demo account and came back a few days later: up 250% :) I must have reached the most inner hidden Trader Secret....

Unconscious Trading: Trading without trading.

Zen and Trading, the most powerful system!:)

Peace be with you all:)
 
I started a demo account at 100k with Oanda this morning. It's up to 140k after a few hours. Easily done on a demo! Real life doesn't seem to follow quite so well. Trading without stops is more likely to end up about 92k or more in debt, rather than profit, as per another poster on T2W!

There was a comp. just a week or so ago with ETX Capital. The top people on there managed to turn £20k into £400k- try that on a real account?!
 
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haha- not if you saw the account you wouldn't be giving me any real money! I think i had a drawdown of around £7k before it went into profit- 7% drawdown (whether realised or not) is absolutely not acceptable- especially not on a larger size account.

Oh, as i write this i placed a losing trade and i'm back down to 135k.

I still wish this was real money- at 35k profit i'd definitely quit for the day!
 
millionaire.jpg
 
secondary said:
didnt even use stoploss
Click to expand...

Stop loss ?!?

What's that ?!?

:LOL:

secondary said:
then what are the disparities between real and paper trading ?
Click to expand...

sec issues like certain market makers not encouraging scalping aside I can honestly say that for me there has never really been much of a difference.

I realise this may well be perfectly different for others but that is the way it worked out for me because I really tend to look at the bigger scheme of things more than any individual trades, and because I don't really think of money, but just percentages.

Demo trading is good for testing strategies, for discovering what does and what doesn't provide you with an edge.

No more, and no less.

The way I see it is that it's simply the discretionary trader's alternative to the mechanical or algo traders back- and forward testing.
 
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