Much have been said about trading on sim vs trading a real account, and the difference in performance most players will get. It is also repeated that trading is the hardest thing you will encounter trying to master. Trading is not unique. It is an activity where you have to perform for yourself and your own critic. For other activites it might be performing in front of a live audience. The challenge is the same: Your mind will get in the way of you performing to the best of your abilities. This musician has written a book that is worth checking out, Effortless Mastery. It goes into the way to practice to improve on those issues. When he speaks about getting in the space I am thinking about Douglas' Trading in the Zone. "...when they so wanted to play well, they didn't play well at all.." H.
Well Sir..., it isn't unique..., but then again it really is (why below) ============================ Our society constantly beats into us - one is measured by their results People who win - are exulted People who lose - are dismissed Hence many approach trading -> read..., react..., results - read..., react.., results Then get bound by / wrapped around - results All mental baggage associated with / when trading..., every single bit of it - can be traced back to results Hell..., how many around here focus solely on wining / losing (aka the results) Trader wins - good trader / can trade / had a good day Trader loses - bad trader / can't trade / had a bad day ==================== Trading correctly is the exact antithesis It's only about a process Read..., react -> read..., react -> read..., react Regardless of each's trade's outcome We cannot allow our self to be judged / graded / mired -> with results Only the process Did we follow it... did we not follow it =========================== Trading in the zone (referencing the act here..., not the book) - is solely about trading Trading to trade..., trading for the sake of trading..., trading via following a consistent process / routine..., with discipline and patience Nothing else involved..., nothing else matters (least of all results)..., nothing else to concern (bog / burden) our self with Play..., for the sake of playing - not because you wanted to play well (achieve results) Get past "results" - you free your mind Free your mind - it truly humbling what achievable - in trading..., or life ====================== Regarding SIM: Trading correctly can be accomplished on SIM..., or live Those ascribing otherwise: "when trading on SIM - real money not involved" "trading live - induces psychological issues..., SIM does not" (and exactly what are these issues tied to - duh) Haven't a clue what successful trading is about Not a damn clue But hey..., it does make for good posturing / chest thumping/ berating ======================= Trade well - win..., lose... or draw - and screw the results Can be achieved on SIM..., or live - it simply costs way..., way..., way less to do so on SIM And as a trader's first priority is risk manager / mitigation (monetarily and emotionally) These SIM naysayers fail on that front as well Believe there a saying about..., a fool and their money being soon parted Any who.... ============================== Trading is not unique..., but then again..., it is It truly is Sir =========================== Exactly dead nuts on H ========================= Just the opinion of a simple minded dumbass redneck RN
My SIM results and my live results have always been near identical. If I could make money consistently on SIM, i'm certain i'd be able to do the same on my live account
Sometimes you gotta say "What the Fuck", make your move. Joel, every now and then, saying "What the Fuck", brings freedom. Freedom brings opportunity...Opportunity makes your Future."
Forgot something H This is absolutely fact Because mastering trading - is all.., and only - about mastering our self And it takes mastering every little aspect of our self (especially those pesky little deepest / darkest corners) ====================== Mkt is an unrelenting assault on the psyche It affords us infinite opportunities..., in infinite situations (conditions / circumstances / environments) - to stumble..., fall..., fail We must master our self - to ensure we never do RN
People who win - are rewarded People who lose - are needed and Thank God 60,000 new day traders each year, I love there are so many. Let's face it, you buy a house to rent out, you want someone else to take much less for it, it is always up to the loser to lose. Every watch "Law and Order, SVU"? Det Olivia Benson says we here to help you to the victims, victims often become a victim again and again cause of her. Good traders need Bait. RN, so you only care about the process? So from now on you send all your profits to Homeless shelter and be happy about your process. But this is not reality, you can't pay bills on process. I trade for the money, I have always traded for the money, I overcame all the bullshit between my ears and I got dumb, cause the dumb people rule the world. If you dumb, you follow directions cause you too dumb to be able to do anything when you lost. "Trade well - win..., lose... or draw - and screw the results" I agree on not thinking about three of them, think about one of them, Don't lose, concentrating on risk is what it is all about. If you losing seldom, other two takes care of itself. Use a different word than lose, think about it as """"""""""""RISK"""""""""""""", each tick up/down offers different risk. I believe in a lot of practice when market is open, I believe you have to triple your sim account twice, I believe you should be profitable 18 of 20 days in sim before going live, I believe in hypnosis. I believe many fail cause whatever they are doing isn't fitting their personality. If you are a nervous sort, trade one hour and you are done, trade trend and in between papertrade counter trend, keep brain active. Now where did I put my banjo.
Yes you're correct and I understand why you are but the creative space he talks about where improvisation thrives is the essence of where or how to find the best mechanical strategies.
I love this blog post from Cornix quite some time ago: "With regard to the psychological training of professional athletes, particularly professional shooters: To limit stress (which is a fatal factor for any serious competition), professional shooters give themselves the right to make mistakes. More exactly, they set their goal to make a correct shot technically, not to hit the target. They even inspire themselves that outcome is not that important at all, but correct technique is what only matters. And that little trick leads to great results. The shooter stands, focuses on the pleasure of the technically perfect shot and does it literally without stress, being focused on the process, not the outcome. Ironically, the chance of target being perfectly hit increases dramatically in such a case. If the pro shooter's mental focus was to hit the target, he would get overstressed and likely have the opposite result vs. desired. This is a proven technique used by pro shooters, power lifters and in most other kinds of sport to limit stress during the competition."
Maybe I should start calling you deliverance - LOL And who amongst us doesn't - it the only reason to trade ============================== Now..., as to your other point What is the single biggest risk aspect of / to your trading (we both know it..., I'm not going to diminish by answering) You limit your manual trading to morning - to mitigate it You automate - to mitigate it You're constantly back testing / upgrading - to mitigate it You constantly struggle with / working - to mitigate it ========================== I've merely shared how one can all but eliminate it - permanently ========================= aside: I think a part of you relishes the mano a mano aspect - but to do that - one must be engaged I want to win!!! I hate to lose!!!! Engaged in / with what exactly - a nameless / faceless / emotionless - entity I do not..., nor do I find it necessary =========================== I love Ya man - always have..., always will RN