Call me crazy SIM account / real account Trying to learn to trade real account via SIM SIM = using unrealistic (unrealistic because it cannot be replicated in the real account) Risk Position(s) Mental approach (the entire damn thing) Yet expecting the unrealistic - to somehow transfer to real world Then blaming it on the money aspect ========================== I suppose when cops use a simulator - they shoot all the civilians I suppose when pilots use a simulator - they do inverted loop D loops in a 777 Keep bull shittin yourself - it'll take you far trading for real Things that make be go - Hmmmmm RN
I saw that you were logged in, Brother Red. I was hoping you would throw in a few ideas. In some cases you may be right. But for certain kinds of strategy testing, I support paper trading. If it's indeed a good strategy, I believe some are able to transfer it to the real thing. Just too many variables for blanket statements one way or the other.
I..., 100% support SIM trading Just keep it 100% real - otherwise it useless exercise in mental masturbation RN
After a point, sim becomes counter productive and delusional and produces bad habits. Nobody who paper trades actually has a winning strategy. The solution is to open up a FOREX Account and trade micro contracts live. Trading 1 unit is 10 cents per pip. You can be a disaster and at the end of the day end up with a $5 loss. When you are profitable increase to 2 micros, 5 micros, and then 1 mini which is $1 per tick. When you get up to 5 minis, then you could switch to futures YM or NQ which is the same size ($5 per tick).
Point out one successful trader..., who can't also SIM trade successfully Just 1 You won't be able to So - by deductive reasoning - if one can't successfully SIM trade a reasonable approach / methodology - no sense trying to trade for real Simply pissing money.., and emotional capital away RN
I was sitting here thinking, how can I say this without really making this brother upset. Thanks, Red.
The reason the trader is successful is because at some point he didn't sim and took his loses and corrected his trading. Real loses keeps you honest. Just simming you will always be in delusion land.
Red got it right on...gotta make the sim as real as possible...no taking bigger trades-no "trying" new things ...just over & over again what you do with da Real ( to the best of your ability-i make 100-200 trys a month). To the OP: I went back to the sim for 6 weeks just as an experiment recently (after 6 years winning & 1 losing year-probably due to life going upside down in a divorce) and without exception...the more trades i tried the more i made-MUCH MORE...now back to the real for the past 2 months i STILL cant do it...cause too many "fears of giving it back" takes over me in the moment. It's probably impossible to feel that same "freedom" when swinging away on the SIM...but i lowered the bar for myself and STRONGLY believe that achieiving 50% of the SIM performance is do-able with a little bit of an "attitude adjustment"...these next few months will tell...