I have two, you should come over and see the difference. Now MASTER TRADER which part of my post was childish and which was naive. Last time I checked, only 7 year olds were able to form an opinion based on very limited knowledge. As for naive, just because I have been successful for the past two decades should make me think that I can't succeed in trading? Based on what? Your opinion. You have come up with a decent trading system that I admire and so what????? You could still be the biggest anti-social looser there is in southern Australia for what I know. Ciao!
most simulators (either back-test or realtime) only supply the trade tick, not the bid/ask. one thing you can try is to open and account with IB and use their paper trading account. This is as real as you can get to actual trading.
That was actually my next move come december. I first want to finish the stack of books I think I should devour before even taking the IB sim step. Thank you for the info.
I am glad you were able to figure out that I am new to this thing. What gave it away 40 post under my tick? well, it is written on your forehead -- "New and inexperienced". no, I was just kidding. Seriously, I am glad you started this thread. You gave many people an opportunity to re-visit their "childhood", because you are asking "childish" questions that many people have asked at one time (but are too ashame to admit it in public). They have also played with the fire that you are about to play with. Many people are able to tell you their insight, not because they are so smart, but because they have already been burnt by this same fire that so fascinates you.
I am aware that my questions are not the most sophisticated ones. That is because I am an infant in this field. I enjoy and appreciate honesty but only where there is logic behind it not malice. Furthermore, I like your analisys as to why some of the posts had been harsh. Painful memories are hard to erase, and some of the traders are seeing themselves in my posts. The fire is more than fascinating is mesmerizing. I know the feeling !!!
as a retail trader, another handicap you have to live with is latency. On a good day, you may be half a second behind. During a fast market, you are in no man's land.
Learn how to trade first, this smacks of the desperate gambler trying to come up with a system. You haven't done any of the research, none of the math and have never put on a trade... but you have decided you want to trade 200 contracts using the most difficult method possible??? It's pure fantasy, it's like you did a first aid course and decided to be a brain surgeon. You are so many years away from being a trader let alone a scalper that this thread is laughable, 95% of traders fail... let alone scaplers. You have exhibited some obscenely childish respones to answers you didn't like, so one can only imagine your response to the market bending you over day after day. You need to look in the mirror and ask if you have what it takes and then be REALISTIC and start studying basic trading instead of this 200 contract fantasy of scalping, you will be torn to pieces if you dont, in fact the absolute best advice you could be given is to forget trading all together, you are up against the best of the best, pro's that lick their lips when they see a rube like you coming.
I am trying to learn it. I am not a gambler and yes as stated in many of my posts I have yet to put on a trade. However, I have never stated that I wanted to do 200 lot trades right from the bat. I provided this particular number since it is a well known fact that extreme scalping is done going in with large amount and keeping the money in the trade for a shortest period possible. I wanted to avoid people telling me that if I do it with 5 or 10 contract I would make less than minimum wage. I specifically asked if it can be done. Not necessarily by me, but whether IT CAN BE DONE? If you thought that I was going to trade with 200 contract right from the start then you have misjudged my intentions. Then again judging and misjudging people seem to be your forte. You are right, I have responded to your answers to question that I did not ask of you, (please re-check the title of this thread, it is composed of simple language that I am sure most on this board had no difficulties following). In retrospect, it was a mistake, an error of judgement on my part. I do not know what got you so ticked off (care to collaborate?) and it seems that you got really upset. As for "market bending me day after day", I think once again, you should reserve your judgment to yourself. This is a second time you have notified me of your opinion about my system, my ability to trade and my expected demise as a trader. Mind you, none of those opinions were in any way solicited by me, yet you felt it was necessary to state them. I would call that a childish behavior, but than again, from your posts I have deducted you are not that far away from your teenage years and consequently I should have expected a similar response. I hope that you are proud from your actions of belittling a super newbie on this site. I am sure it takes guts and discipline to try to humiliate somebody who is new to this neighborhood of trading. I guess since you cannot pick on somebody "your own size", you decided to crucify me. Would sending you are video of me crying really make your day? (sorry pal you are not that lucky ). As for looking in the mirror and asking myself if I could make it, I guess I should just wait for your barrage of views about my abilities, so far you have done a superb job. On a lighter note in your post you mention that the market will bend me over day after day and that pro's will lick their lips when they see a rube like me coming. I do not know, but it looks like you are hanging out with a wrong crew. It could be hazardous to your health. (Not that there is anything wrong with it, as Sinfeld used to say). Happy trading, bending and licking or whatever you guys do down under to make the market tick.