If You Can't Make Money On a Simulator

Why are you starting a new thread on this? You've been doing exactly that for years here.

Did you close your NQ 13,900 4-contract long position? It's up 800 points per contract.

So you should be $64,000 in profit, minus the 17-18 bux commission and fees.

Live or Memorex?

 

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Backtest is good;
i still paper trade with a losing streak. Good way to stop losing but cant predict a win steak but still good...............................................................................................Sim is good for brokers, or even could help learn a bit,

 

Ciao!

 

You've got it! I had faith in you. Just do more long trades next time and forget the short trades

 

Trading 20 contracts with a 500K account is suicide. You KNOW this from all your sim work in the past.

 

I see a long slow summer ahead.

 

Some folks on ET are here to create strife and division. They prod you to engage you, it helps the site owners, buy keeping you engaged. I love the ignore feature.

 

At first glance...he should only be using either a simulator or minimum position size only if he's testing a new strategy while as a newbie trader.

Yet, if he's been around for many years as in a veteran trader...he can do the same strategy testing with the minimum position size on a real money trading account.

Regardless, a person should only use on a simulator what they actually plan to use in their real money trading account. Thus, using a 500k on simulator...he should have 500k in his real money trading account to prevent the common problem many traders run into when they transition from simulator to real money trading.

Unfortunately, many brokers with simulators are using the simulator to give traders false hope via the simulator is either set at a high fixed trading account dollar amount (e.g. 500k simulator but the trader only has 10k in his real money trading account) that most retail traders can not match in their real money trading account or the simulator has no risk management controls...the latter encourages risky trading / emotional trading.

wrbtrader

 

Sims are devoid of emotions - The catastrophe of trading a real account.

You can only dabble around with them for so long until you realize their complete uselessness - unable to transition into real world.