Why you shouldn't demo trade

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Old Sep 2, 2017, 2:07pm   #1
 
Lee Shepherd's Avatar
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Why you shouldn't demo trade

Wow, what the hell is this thread called again.....

Why you shouldn't demo trade....wtf. You can't be serious.

Yes I am. Deadly serious.

Do not demo trade, put your hard earned real cash on trades, and yes again, even if you are starting out and have no idea. You have to pay for your education. This is not a game - you are up against full time professional players who know how you will behave, this is because they will make you behave like this.

So, lets dissect this a little before I get pounced on by everyone on here. But, I am only starting the thread, I'll leave the discussions to anyone who wants to (probably most) disagree.

And this is why I make this statement:

Everyone seems to know more about the markets than they actually do, this is damaging, very damaging. So, when the new (or experienced) trader demo's on account, there is zero emotional attachment. Therefore, we place a trade, it doesn't work, who cares, place another one, still don't work, so what, place another, it wins, I'm amazing and have this nailed, I have the holy grail, I have a system blah blah blah.

Now: Play with your hard earned cash and all of a sudden we don't just place trades willy nilly (there's a term I haven't heard in a while). We wait patiently for the correct set up each and every time. Of course, if we do not then we lose our money and crawl back under the rock where we came from. Trading is not for you.

Your whole life has been structured to lead you to this moment in your life whereby you wish (for whatever reason), to become a trader. If you cannot trade, are you prepared to pick your whole life apart and change things you don't even know need changing to become a trader. It's not possible is what I'm getting at here. You have it or you don't. To many peoples disgust.

If people were honest on here you would find that the vast majority of people are not profitable, they will of course tell you different (even deceive themselves thinking that a few months/weeks profits makes them good) but these people never disclose any proof or if they do, they miss parts out, ie, the losing bits.

I don't wish to harp on about the psychological impact and these parts to trading as I believe they have been battered to death all over this forum, but, they are important, in fact THE most important part of trading. There is no system, it doesn't exist. YOU are the system. If you can act, become an actor, if you can paint, become a painter....and you know where I'm going with this.....

IF YOU CAN TRADE....BECOME A TRADER.

If not, then go home once the money has run out, otherwise you will forever haunt the internet looking for something that just doesn't exist. And that is YOU being a successful trader.

Lee

NOTE: This post will contradict some of my other posts.
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Old Sep 2, 2017, 2:22pm   #2
 
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I am testing out my latest robot. Do you really think I am going to trust it from the word go with...real money ?
Not on yer nelly mate.
I see your point but some just take longer than others to make the profitability gap.
So keep trading safely guys.
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Old Sep 2, 2017, 2:29pm   #3
 
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Demo trading is a fantastic way to try out new platforms, You need to be totally at ease with your platform before you go anywhere near a live account, And for that reason i disagree with your post Lee..
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Old Sep 2, 2017, 2:33pm   #4
 
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Quote:
Originally Posted by Pat494 View Post
I am testing out my latest robot. Do you really think I am going to trust it from the word go with...real money ?
Not on yer nelly mate.
I see your point but some just take longer than others to make the profitability gap.
So keep trading safely guys.
Pat,

I have the utmost respect for you as we both been here for years so I'm not prepared to raise swords with you here. But, I have to state the obvious mate.....

If your 'robot' is successful, sell it to the highest bidding hedge fund or bank.

It doesn't exist, it will never exist. The mere fact you are trying a latest robot is (although you may argue the point), is that your current one is broken !!!. Otherwise why would you try and make another. If it works, it works... simple. You make money. Although I'm ready to hear something along the lines of 'I am profitable and the current robot works fine but I just want to tighten it up or make it more profitable etc.

WE are the system. Everything else is just bollox and a major distraction or selling point for noobs.

Obviously there is admin work and research involved but that's not what I'm discussing here.

With love mate.

Lee
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Old Sep 2, 2017, 2:33pm   #5
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To be a successful trader requires a trading nirvana mindset , a trading nirvana mindset requires awareness of thyself and the enemy withing .To understand yourself ,one would have to become aware of themselves , by reading my 16 psychology threads and the best psychology threads listed in best threads list.

We are born wired to lose and we are taught wired to lose, most new traders are brainwashed there is only one way to make money i.e trade trends and these victims have been sold courses plus education on it.The gurus can't do it.

Most are taught market timing is easy , they are taught mainly by failed traders .Successful traders don't trend trade , they take small risks and trade rarely.We are not taught "how to handle failure in trading , failure of trends , failure of market timing , failure to manage risk ,failure to learn about the enemy within " , this unpreparedness leads most to fail.

I did start a thread about demo disadvantages here

http://www.trade2win.com/boards/educ...-accounts.html

Traders are not born , they are made , they are born wired to lose. So if all the gurus put your hand up and say " I attempted to market the big candle as Pin Bar to noobs , therefore they all lost their monies".
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Old Sep 2, 2017, 2:38pm   #6
 
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Originally Posted by mike. View Post
Demo trading is a fantastic way to try out new platforms, You need to be totally at ease with your platform before you go anywhere near a live account, And for that reason i disagree with your post Lee..
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.
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Old Sep 2, 2017, 2:40pm   #7
 
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Originally Posted by foroom lluzers View Post
To be a successful trader requires a trading nirvana mindset , a trading nirvana mindset requires awareness of thyself and the enemy withing .To understand yourself ,one would have to become aware of themselves , by reading my 16 psychology threads and the best psychology threads listed in best threads list.

We are born wired to lose and we are taught wired to lose, most new traders are brainwashed there is only one way to make money i.e trade trends and these victims have been sold courses plus education on it.The gurus can't do it.

Most are taught market timing is easy , they are taught mainly by failed traders .Successful traders don't trend trade , they take small risks and trade rarely.We are not taught "how to handle failure in trading , failure of trends , failure of market timing , failure to manage risk ,failure to learn about the enemy within " , this unpreparedness leads most to fail.

I did start a thread about demo disadvantages here

http://www.trade2win.com/boards/educ...-accounts.html

Traders are not born , they are made , they are born wired to lose. So if all the gurus put your hand up and say " I attempted to market the big candle as Pin Bar to noobs , therefore they all lost their monies".
You make some very valid points here.
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Old Sep 2, 2017, 2:54pm   #8
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Originally Posted by mike. View Post
Demo trading is a fantastic way to try out new platforms, You need to be totally at ease with your platform before you go anywhere near a live account, And for that reason i disagree with your post Lee..
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 .

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