Crazy paper trading day

Discussion in 'Trading' started by farmerjohn1324, Jan 6, 2023.

  1. destriero

    destriero

    Dude, act as if you're not a day one newb. A thread about killing it on sim?
     
    #111     Jan 9, 2023
    DevBru and spy like this.
  2. spy

    spy

    Yeah, ok. But besides saying you buy momentum you haven't stated any strategy. Let's face it a naive momentum strategy isn't especially sophisticated. And so... the conversation degrades into he said she said is an idiot.

    I think you should consider coming back when you have something useful or interesting to say. Otherwise keep doing construction; there's no shame in that.
     
    #112     Jan 9, 2023
    SunTrader likes this.
  3. The link you put in your last post was real money. Between August 2022 until when I took my money out of Schwab (I think early December if I remember correctly), I profited $24k on a $69k account. This includes one huge loss of $31k when I thought prices would continue to go down in early October but I eventually had to admit I guessed wrong.

    The reason I'm back to SIM trading is because I think I need to improve/refine my strategies if I'm ever going to make this a full-time (primary occupation) thing.

    I wouldn't mind spending the next 6 months SIM trading, backtesting, etc. if that's what it takes to get things right.
     
    #113     Jan 9, 2023
  4. I have openly admitted this several times.
     
    #114     Jan 9, 2023
  5. SunTrader

    SunTrader

    I agree if you agree the same can be said about making unsubstantiated anonymous claims about being a millionaire, right?
     
    #115     Jan 9, 2023
  6. Ok then forget I said I was a millionaire.

    Btw, I didn't come out and say that out of nowhere. I replied when someone said I'll never be one lol.

    It's not hard to not lose money on a home build. I have a very good idea of the construction costs and sales price before I even buy the land and get started.
     
    #116     Jan 9, 2023
  7. spy

    spy

    Yeah! Using a momentum strategy on days when the market is rallying. AAHHAHH... do you think I can make it big time Des? Should I leave my multi-million dollar construction business that I built to trade all day or just buy a decent mutual fund and golf instead? Decisions, decisions.
     
    #117     Jan 9, 2023
  8. I never claimed to make >$1 million per year. I claimed my net worth (primary residence included) is over $1 million.

    (I know people say to not include your primary residence, but why? It can easily be sold or converted into cash through a HELOC so that makes no sense. Plus, I built it as an investment to eventually sell anyway.)
     
    #118     Jan 9, 2023
  9. SunTrader

    SunTrader

    Hey - paper trader, paper millionaire. Fits.
     
    #119     Jan 9, 2023
    spy likes this.
  10. Why would anyone keep that much money in cash? That's absolutely foolish.
     
    #120     Jan 9, 2023