Why would you trade LIVE when with your method/approach results are mediocre even during SIM?
My recommendation will be to stay away from E-mini, trade in SIM an instrument which has enough intra day VOLATILITY and you are successful for 3 months in a row in SIM account. If in SIM account your daily average is 50
ticks, expect 50% of SIM results in LIVE trading for couple of months , eventually SIM results start matching up with LIVE trading and hopefully pass SIM results one day.
After trading unsuccessfully stocks and ES for couple of years , someone told me about Crude and it has worked for me.
Last edited by mfbreakout; November 7th, 2013 at 04:18 PM.
The following 2 users say Thank You to mfbreakout for this post:
Exactly, I am not interested in opening a live account until I can show consistent profits on sim. that is where my frustration is. It seems like every strategy I test is a loser, whether it is breakout or reversal or trend continuation. Like I said part of the reason I joined the forum is to start all over from scratch with my trading methodology, and hopefully I will pick up some ideas from this forum. Lately I have been looking at the NQ, but I will give crude a look. Thanks, I appreciate your response.
The following user says Thank You to npatz for this post:
my name is Jens. I'm completely new to trading. I've got no experience whatsoever. I used to play poker for a while and I think there are a lot of similarities. I have no clue yet about how to start or where to find the best info so if someone has suggestions, always welcome
My name is Dan and I have been interested in trading and the market since I was in high school. I went to college and majored in mathematics but after college I have been teaching and playing tennis professionally for the past 14 years. I have ALWAYS wanted to become a proprietary trader, but with no connections to the business, and no initial (real) capital to get started, I have just been dreaming about it for the past 20+ years. In January I made a New Years Resolution that this year i was going to learn more about it and trade "paper money" so that next year I can "go live". I opened an Ameritrade account and began researching different strategies and techniques. I still work full-time in tennis, so my results are all part time work, but I was able to make more (paper money) part time than working full time at my current job. I joined this forum (also the first forum I have ever joined so my apologies if I post or reply incorrectly!) hoping that members might be able to point me in the right direction and maybe help me start my dream career! This is what I have wanted to do for so long, ANY help (or criticism) will be greatly appreciated! Hopefully when I get more seasoned at this I will be able to help people as well.
Its nice to meet everyone ;-) I look forward to conversations with lots of you!! Happy Trading!
The following user says Thank You to DGia79 for this post:
I have been trading for two years now. Though the journey has been a roller coaster in intial days until i found out that trading is all about emotions and not about indicators. So from that point on, have been concentrating on Trading psychology. Mark Douglas and Van Tharp teachings have considerably benefited me. Looking forward to learn and share more on Trading Psychology here on futures.io (formerly BMT) as well! futures.io (formerly BMT) is indeed a great forum!
wow... it has been a while since I checked online in trading websites. I read that you don't believe in "magic" and I became interested. Everyone is trying to sell you something and I have in the past bought so many useless indicators and mentoring services. All the costs were just added as tuition. I have been humbled. The force I have to exert to battle my own demons were much higher than I thought. No indicator or mentor can teach you how to fight parts of yourself. Trading has been trans formative. I never quit. There is something incredible pulling me forward besides getting to know myself better. I get to try harder everyday. Each time my stop is hit and the price reverses, I get to tell myself that I am doing the right thing even though my gut is turned inside out. Each time I play it right and lose money, I comfort myself because I did the right thing. It is hard. But it seems like it is the only way to trade, making those hard decisions. These habits are hard to create in the world of fast...everything. I guess I am in it for the long haul and I just want to hear that I am not the only one.
The following user says Thank You to pouncesmart for this post:
I've been interested in trading for a couple of years but only started playing around with a demo account a few months ago and have just tried trading using some real money - my first impression is that using hard earned cash changes things significantly. So far I've wiped out about 70% of my starting capital, which luckily was small I like a challenge and my aims are to develop good long term strategies, work for myself, learn as much as I can and stick around long enough to one day contribute.