No experience- do not to start real trading

[tar]

I agree that no amount of paper trading or demo trading can prepare you for what you will experience in a life account. I do not understand why so many ignore the psychology involved in trading.

True , but if you cant make it on the demo then you cant in a live account , so why move to the real stuff b4 you master it . First step demo then live small stakes and so on ... i still trade on a demo account side by side live trading .

 

[robster970]

i still trade on a demo account side by side live trading .

Me too - it's a safe place to practise and develop set-ups/skills/etc

 

[tar]

Me too - it's a safe place to practise and develop set-ups/skills/etc

I treat it like live trading , so when it is not working on the demo i get frustrated ...

 

[Hakuna Matata]

simulators can be a great discretionary trading aid if you utilise them fully. Most people just fumble around in the dark though.

 

[tar]

simulators can be a great discretionary trading aid if you utilise them fully. Most people just fumble around in the dark though.

Yes most of them just want to increase their demo balance , i don't care about the demo balance , i use it as a testing vehicle for ideas , setups , stops , MM , stress test ... etc .

 

[robster970]

Yes most of them just want to increase their demo balance , i don't care about the demo balance , i use it as a testing vehicle for ideas , setups , stops , MM , stress test ... etc .

+1

 

[Hakuna Matata]

Yes most of them just want to increase their demo balance , i don't care about the demo balance , i use it as a testing vehicle for ideas , setups , stops , MM , stress test ... etc .

I had a series of exercises that I would do and record the results

 

[robster970]

I had a series of exercises that I would do and record the results

Curious - you mean stuff like coin flip on market direction and then try and get the best result you could within a 5min max timeframe?

 

[Hakuna Matata]

Curious - you mean stuff like coin flip on market direction and then try and get the best result you could within a 5min max timeframe?

I must have mentioned it before!!

 

[robster970]

I ask because I was at the driving range at lunchtime with 48 balls improving my sh1tty attempts at playing golf to something slightly less sh1tty. When I was in the car driving home, I remembered I used to do this with trading too with similar exercises as the one you describe but I don't do it any more. I realised I am not improving my technique any longer even though I am still using SIM for exploration purposes. It explains why my game is not materially improving any longer. It is so important.

 

[robster970]

I must have mentioned it before!!

LOL - I picked that up off a prop site years ago.

 

[Hakuna Matata]

LOL - I picked that up off a prop site years ago.

yer, like try to lose as much money as you can without crossing the spread all the time, **** like that.

 

[robster970]

yer, like try to lose as much money as you can without crossing the spread all the time, **** like that.

I just tried the link but the pages are gone.......

http://www.proptraders.net/free-prop-trader-training/

 

[Hakuna Matata]

I ask because I was at the driving range at lunchtime with 48 balls improving my sh1tty attempts at playing golf to something slightly less sh1tty. When I was in the car driving home, I remembered I used to do this with trading too with similar exercises as the one you describe but I don't do it any more. I realised I am not improving my technique any longer even though I am still using SIM for exploration purposes. It explains why my game is not materially improving any longer. It is so important.

The harder you practice, the luckier you get

 

[Hakuna Matata]

I just tried the link but the pages are gone.......

http://www.proptraders.net/free-prop-trader-training/

Is that the site that Dante copied? Or something like that?

 

[robster970]

The harder you practice, the luckier you get

I think that was Lee Trevino or Gary Player.

BTW, why aren't you helping the autistic kids today?

 

[robster970]

Is that the site that Dante copied? Or something like that?

I don't know where it came from - I remember picking up the link off here somewhere and seeing the prop exercises which were good

 

[Hakuna Matata]

I think that was Lee Trevino or Gary Player.

"Golf is not a game of perfect" + "Perfect practice makes perfect" = "Practice is a game of perfect"

 

[robster970]

Golf is not a game of perfect is the best tarding book never written about tarding IMO.

 

[Hakuna Matata]

Golf is not a game of perfect is the best tarding book never written about tarding IMO.

I started a thread with a similar name IIRC