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I turned a 'fake' $1 million into $120 million -- what I'd buy now
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I turned a 'fake' $1 million into $120 million -- what I'd buy now

  #1 (permalink)
Elite Member
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tturner86's Avatar
 
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I turned a 'fake' $1 million into $120 million -- what I'd buy now


Quoting 
The fact is that I would never do what I did with real money. Because it was fantasy money I took on a fantastically outsized amount of risk.

Why Sim trading will never = real trading.

I turned a 'fake' $1 million into $120 million -- what I'd buy now - Feb. 25, 2015

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  #3 (permalink)
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Hah, thanks for the laugh TT.

Interesting how he didn't post any numbers about his real returns from trading, yet goes on to provide his picks anyways

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  #4 (permalink)
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What I took away from the article were the two quotes from Pit Bull author Marty Swartz

"You can't make the money unless you do the work!"

"Before taking a position, always know the amount you are willing to lose.”

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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I took 10,000 to 1,000,000 in one go taking 45 minutes with 195 trades on chartgame.com as seen in my journal. It took me a while to achieve that task but I do believe anything is possible if you keep working towards your goals. There were many attempts where I ended up falling short and couldn't complete it in one session. After a while I found ways to maximize my returns working within the framework of the game by times-lapsing penny stocks. I learned that failure can be the result of not getting out after missing an exit signal on just the next candle.

Although simulation pales in comparison to live trading, I do think it can help especially if the person does it consistently day after day. I've been playing the game for years for fun off and on but there were weeks I'd play it everyday at work. Actually, if anyone does something consistently day after day, even as simple as making their own bed, it can help with the discipline associated with trading.


Last edited by Itchymoku; March 11th, 2015 at 05:57 AM.
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Market Wizard
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I'd have gotten to $3 million and at that point most likely have gone out like John Entwhistle....

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