Maverick.. I agree. Some of the best PIT traders lost thousands learning just the platform. I remember one time I was clerking and my trader just got a hand held tablet in the pit.. he goes to me what the F is going on with this.. I can't put any orders in ... I go you are short 50 cars and down $10k right now..He had no clue he was putting orders in. Freaked out and threw the computer on the ground.. funny thinking about it now but very real and scary for even the veterans of trading to understand trading from a platform.. As for newbies or those getting back intune with the market this is where we are noticing people are using the Combine for besides only for financial backing. mp
Try this, when you can't put any more orders in then it means you have too many open orders sitting in the market. Clear those orders and then you will be able to place that stop. And spend some time with your practice account first.
Hurricane You misunderstood the context of my post he is not backtesting any strategies , different story of course in your case , for testing strategies . then sim is helpful He is doing the combine to prove he can follow rules & be profitable on sim . different purpose altogether the process of treating it as real money with a diciplined approach to trading is key everyone makes money trading on sim , not the same results live you have fantasy land & the real world & it's a wake up call for most you want to make real money , then you trade a small real account the only true test if someone can be profitable you need emotions & risk in play to know for sure if somone is scared to risk money then they should not be trading example. just like driving a car , you learn by doing , not on a simulator right .. old school trader , there are no shortcuts . You learn by doing HurricaneUS Registered: Aug 2008 Posts: 444 09-18-12 10:01 AM -------------------------------------------------------------------------------- Quote from hitnrun: trading on sim is total bullshit , it proves nothing in the real world any firm that would risk real money on someone that has passed any sim test should get there head examined . Not smart business -------------------------------------------------------------------------------- That's not true. I test all of my strategies/methods on sim first. Of course, my strategies are somewhat mechanical. But, I agree if your strategy is wholly discretional then sim may not be that effective but still somewhat useful for working out the kinks.
Trading on SIM with someone watching you, with skin in the game (ie the deposit), and a daily loss limit will yield results that we are willing to back people on. The reason why many think the simulator is an always win type thing is they do not adhere to realistic trading. Deliberative practice on SIM is key. The Combine holds traders to this. Trading on a SIM with no loss limit is not going to help you learn. We enforce loss limits and proper mechanics. There are many professions that use Simulators before ever having that individual do it live. mp
Hitnrun, just a week ago on here guys were complaining the sim was too "hard". Now everyone thinks the sim is too easy. LOL. Maybe we should ask cooltraderdude how "easy" this really is.
Closed out the Euro short @ 1.3045 due to the fact that I have to meet the 3:10 CST market close rule. I'm net positive $20 for the day.... I'm still having issues with the software... I'll try uninstalling it and installing it again to see if that fixes anything...
Errr... No...!? What gave you that idea...? Actually, I did punch out of it and then re-sold it higher just to make sure... This trade was 1.3068 to 1.3045... But only cause I punched out of my 1.3051 trade... Either way I had a stop at 1.3090 and I was prepared to let it go there...