Interesting thread, it all depends on your viewpoint of what a real trader is. I believe a real trader can be a SIM trader or a trader that trades their own cash. Some traders on here use various indicators and such, if thatís not your method; I would stay clear from looking at indicators and being distracted by people who use them. Many traders on here have their own methods that make sense to them, and there are those that are still trying to figure out what works for them. Some share their experiences and ideas and others feel just because it has taken them 10 years to get where there at they donít want to share. Iím one that wonít hold back if I can help. The more traders we have in the market the better. Iím not sure how long youíve been a member here, but if you take a look around the site youíll be able to tell from looking at the postings. I trade SIM, and I trade my own account. Happy Sunday, looking forward to Monday. Happy Trading!
"Small disciplines repeated with consistency every day lead to great achievements gained slowly over time."
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Almost 5 years of trading live.
I don't really have much to share in regards to trades and charts.
I honestly don't really do much analysis these days. It's a matter
of waiting for the pattern and then trading it. Pretty simple and straight forward.
I'm mostly interested in the psychological aspects of trading.
Strategy ≥ Money
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I think everyone here is somewhere on the path from the starting point on day one to the finish line.
Perhaps the more important question as an individual is this: are you steadily progressing forward or are you stuck somewhere on this path ?
I recommend Brett Steenbarger's book "Enhancing Trader Performance" for anyone that finds themselves stuck at some level or is not progressing. If your dead honest with yourself and read this book, it will challenge you to start moving forward again.
So yes, there are traders that are stuck at the "Sim" level of trading for one reason or another, I am sure most of this group would prefer to move to the next level and start making some steady income from their time invested. The question for these traders is relatively straight forward: what is your plan to make that happen ?
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Im mostly sim trading. My approach to trading is a lot like a pilots approach to flying. Just gaining more hours of experience, so I will be prepared to handle a situation when it appears. I trade almost everyday. Taking around 50 trades a day.
My goal on the day is to trade profitably (of course). But it is also to have a winning percentage of 50% or greater on my trades. And to have my avg winning trade higher than my avg losing trade. On winning days I can average over 100 ticks per day. On losing days, Ive gotten it down to under 50 ticks.
Soon enough I will be trading live, but I've been developing and trading on the sim almost every day now for about 1 year. Throughout this year I have extensively researched different trading systems and styles. I've customized my own style and would consider it unique. In that, I have not seen anyone else that trades like me - makes it kind of lonely .
Alligators and crocodiles are not the same. A lot of people don't know that.
Screen time is great. One thing though, be careful your practice is realistic with hard stops. 50% wins is a reasonable performance.
50 trades a day is a lot of trades. I am a pretty active trader and I can't do 50 trades a day. You will have to figure out a way to get from 50 sim trades a day to 50 live trades a day. That's a big step, you might want to give some thought to how best to manage the transition.
Be Patient and Trade Smart
The following user says Thank You to trendwaves for this post:
I have been trading live for last 6 years . I first started trading futures on sim then after 3 months I went live and the psychological aspects of trading total not the same as sim . I met people that trade sim for like 3 years and do very well on sim then when they go live blow there account the first 90 days. I think person should start with sim for a month or two but to learn to trade have to be live money.
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