Why you shouldn't demo trade

This is a discussion on Why you shouldn't demo trade within the General Trading Chat forums, part of the Reception category; Originally Posted by wallstreetwarrior87 Some of the points are valid, BUT as I have underlined, you are adding YOURSELF into ...

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Old Sep 2, 2017, 4:43pm   #31
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Originally Posted by wallstreetwarrior87 View Post
Some of the points are valid, BUT as I have underlined, you are adding YOURSELF into the equation when you use the term "advantageous". What is advantageous? how do you know when it is etc??

Yes you have some rules/guidelines, but the interaction with yourself makes it alive.

Anyone with advanced coding skills - can you please show me how we code "advantageous" into a system.

That's the point thats being made ( I think lol). Your post is not far off the mark, and may very well be "workable" under historic price values, but volatility changes as does direction.
Buy low , buy lower and buy most much much lower , wait patiently for between a day to 7 days , it works 70 % of the time.Markets respect supports over extended period of time.

I can see them on most charts and I trade them regularly .In theory stock market falls are short term and valuations are long term.
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Old Sep 2, 2017, 4:45pm   #32
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Phew and f**k me. I have a friend. I knew it wouldn't be too long but thought it would have been quicker.
Only came online about an hour or so, would have been in there quicker lol.

We can be like Woody and Buzz Lightyear - "you gotta friend in me"

Love debating threads - should be more of them. Off now to see if Hamilton gets pole, see ya
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Old Sep 2, 2017, 4:48pm   #33
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Again great post Foroom. Please don't see this is as an attack....it is not... just merely facts.

.
Here is data for Dow Dax

Run through some calculations /back tests on longs only , you will find a profitable system , using options.

These prices are open , high , low , close .
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Old Sep 2, 2017, 4:56pm   #34
 
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Shows you are not a trader .A trader has to be able to subconsciously execute a trading plan , in a state of trading nirvana .This could take 6 to 12 months simulation practice in live market conditions , to be then able to apply it impulsively by the automatic mind commands .
You're obviously a pretty amazing guy foroom..A tarder who can instantly work on MT4, IG, fxcm platforms and know everything about them to trade a live account, Know how to place different orders, pro-realtime charts etc and everything else that differs between these platforms...why do you waste your valuable knowledge trolling forums when you could be teaching the masses.
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Old Sep 2, 2017, 4:56pm   #35
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Originally Posted by foroom lluzers View Post
Buy low , buy lower and buy most much much lower , wait patiently for between a day to 7 days , it works 70 % of the time.Markets respect supports over extended period of time.

I can see them on most charts and I trade them regularly .In theory stock market falls are short term and valuations are long term.
Ok and the other 30% is - rangebound or flash crash?

Markets dont respect anything, it's the traders who decide, based on their interpretation of value, or cross market hedges, protecting what they have, going after what they need etc.

Yes, in phases this will definitely work, in gaining some points, but ranges will retract, and bounces will become weaker, then the sheeeet will hit the fan
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Old Sep 2, 2017, 5:00pm   #36
 
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Just cause you use fancy Nick to impress us , we would like to see some real evidence .
If he did, It would go so far over your head that air traffic control would intercept it..
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Old Sep 2, 2017, 5:34pm   #37
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You're obviously a pretty amazing guy foroom..A tarder who can instantly work on MT4, IG, fxcm platforms and know everything about them to trade a live account, Know how to place different orders, pro-realtime charts etc and everything else that differs between these platforms...why do you waste your valuable knowledge trolling forums when you could be teaching the masses.
Teaching is brain damage job , I mean breeding successful traders .Most are like clever monkeys , you teach them , they try to get clever with you with their stupidity , they ruin what you give them and waste your time.

You tell them do this , they do that.

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Old Sep 2, 2017, 5:38pm   #38
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Ok and the other 30% is - rangebound or flash crash?

Markets dont respect anything, it's the traders who decide, based on their interpretation of value, or cross market hedges, protecting what they have, going after what they need etc.

Yes, in phases this will definitely work, in gaining some points, but ranges will retract, and bounces will become weaker, then the sheeeet will hit the fan
Trading is a probability game , something lacking in your post.

Casinos don't know "what is going to happen next or which punter is going to win next ", sometimes they lose in a sequence.All what you post is non probabilistic trading.Markets do the same things over and over again , it takes a probabilistic mindset to see that.
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Old Sep 2, 2017, 5:48pm   #39
 
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Trading is a probability game
Actually this is a very well put and probably the most important thing someone have to realize about the stock market to be successful in the long run...
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Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Sep 2, 2017, 11:52pm   #40
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You can prepare your mind to be kicked in the balls but until it happens, it is pure speculation and when it does happen, it makes you feel sick.
Depends, properly conditioned people are unaffected by it. Nowadays, I don't notice being kicked even if I were. For the more experienced, they can grab the kicking leg. It gives them an advantage because the opponent then has only one leg to hop on, loses the initiative, and becomes susceptible to being controlled. Of course I am talking about trading. The video is just an analogy of what is possible.


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Old Sep 3, 2017, 12:32am   #41
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insane video
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Old Sep 3, 2017, 7:11am   #42
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What every trader needs to do ,is practice the art of losing , the art of getting kicked in the nuts.I think that what people fail to realize, is that there is a required learning curve in "the art of losing", as this goes against all we have been taught with our archaic education system.In trading everyone is taught "you will make money , how to make money and there is no psychology involved in losing or in trading".

Nobody is mentally prepared to lose or ready to lose.


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Old Sep 3, 2017, 7:32am   #43
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Didnt read the discussion , but demo trading can be beneficial , to try a broker , platform , new trading ideas ... etc , demo trading helped me immensely .
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Old Sep 3, 2017, 10:01am   #44
 
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To be fair Mike, that I agree with. Of course throw on some demo trades to get used to the platform but don't use it for pretending to actually trade. Games are just games and have no meaning. If there is money down, it becomes serious.

Think about how you play (if you do) a board game with friends or a games console, now imagine that every time you lost a life, you lost a grand, or, every time you landed on Mayfair (Monopoly), you had to pay the rent from your bank account.

Now think about how very different you would play these games.
Indeed they would be no longer games with your new rules and probably less enjoyable but that's me. Each to their own , eh ?
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Old Sep 3, 2017, 10:26am   #45
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Indeed they would be no longer games with your new rules and probably less enjoyable but that's me. Each to their own , eh ?
It is not any games at all , he is talking about mentally living through discomfort , anxiety , stress , comfort zoning , emotions , loss aversion and other psychological demons .He is talking about the mental edge of traders , the edge required to be successful.There are no games to play here.
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