This advice is given alot especially to new traders and I agree that a simulator helps. If you have traded with real money, then a simulator can speed up the learning curve and give one screentime, increase pattern recognition, etc. If you are new trader you can demo forex which trades at night as well.
Excuse my ignorance, but what does "b/e" stand for? BTW, that last trade was for Saxon. I know he stayed up all night worried to death about his losses.
great post.this is the type of thing that keeps me on ET. Ive been here 6+years under various names.Im about to retire my current ID. I suspect you've been around longer than 10/05 blackguard
Saxon (rymes with Jaxon) has taken a lot of flak on here, mainly because he clearly violates some of what we all consider to be the basic rules of trading, ie let your profits run, cut your losses, don't add to losers (did I forget any? ) but, in spite of all that, it is not guaranteed that he will fail. He admits that his many small gainers are interrupted by occasional large losses. IF (big IF) he has a valid system that produces a high probability of small gains, he could have a net positive expectation. Simple for example, a system that has an 90% probability of +$100 and a 10% probability of -$800 will have a positive expected value over time.
Mine's 1458.25, so we're pretty close. EDIT: Actually, I lied. Mine's 1458.75, so we differ only by one tick.
Here's an article reiterating what Spectre stated earlier last week regarding post rate cut peformance http://www.reuters.com/article/reut...?src=082407_0724_INVESTING_comment_n_analysis