If you're so good, why don't you try Gauntlet challenge? https://www.elitetrader.com/et/threads/40-off-gauntlet-mini-50-000-account.345488/ Personally, I think they are near SCAM but if it works to you, why not?
Virtual demo starting balance of 50k. As I said, in some cases there in instant profit upon opening a trade, no levering up mostly.
two main issues.... You dont get filled on the bid and the ask instantly like some demos show. Too many prospects think they can buy the bid and sell the ask with 10000 lots and do it all day....does not happen in realtime, there is a cue and you need to have the market trade at your price with enough volume to hit your place in line. The second is lack of fear or greed....you can only emulate these feelings with real money...even if you use MICROS
Funny how posts like these, that actually contain the hard reality always get ignored by new traders. I guess it doesn't fit the unrealistic dream picture in their fantasy so they just ignore it. Funny how all new traders make the same mistakes, even when someone points them out as clearly as here. Some are more doomed than others, there are new traders that will actually take these points in to consideration and there are others who will just ignore them all until they hit a wall themselves, even then they probably won't see the light.
Yes. Slippage is what tends to effect your strategy returns. Also, mentality of putting on trades is different, as you are trading with a real account. I have a group of traders I trade with. Our strategy is very high success rate, for years now, but your mind still finds it hard to pull the trigger, even on trades that are 90%, on daily basis. Most successful traders also will not disclose their percentages, as they can change in any market condition. Adaptation to a difficult or changing market is also a big factor that good traders will grapple with, sooner or later
I have used a few Demo accounts that do take slippage into account, so I think it could be a liquidity thing I'm seeing, particularly in the Firetip demo account. The futures spreads may be too illiquid, so they show a large difference between entry price and current price.
A demo account will never display accurate slippage, not even the platforms that claim to take slippage into account, it's just impossible. If you open 1000 contracts on let say CL, the price in demo will not move, so no slippage, in live environment you will have a slippage that is going to cost you a lot of money.
Actually, most of the demo accounts I have used, will not allow large contracts. You are limited to whatever the market can handle at the time. So, that combined with the fact that I accept slippage will happen in a live account means I already understand some differences between real and demo.
Then how did you make millions of demo profit like you mentioned in a previous posts? That's not possible without huge size. Like the 2 million profit in 1 spread trade?