I know yer not 'sposed to trade on zillion witches day, but I did.
The first trade was good, a long. But I just COULDN'T wait for 610 to confirm. So therefore I got stopped out on a pullback. Meanwhile 610 confirms two bb's later...and off we go. I caught the second half of it.
Then I clicked the reverse button...one of my favorite things to do in the whole world!!! It worked. Yee Haa.
Then I called it a day...INSTEAD of hitting the reverse button again...which would have been a biggggggg ride!
The bonds can as long as everything else is so unstable.
To me, we are sitting on an imaginary cloud of cheap money. It is going to be long and hurt to get through this. We moved from the average American pulling credit personally to the average American pulling credit through the government...
It isn't pretty, but it is the same all over the world. There is going to be one big "Mark to Market" sometime in the future and it is going to hurt... Just a matter of 'when will the music stop' or when will we decide to get our house in order.
Everyone complains about some of Europe, but Austerity works in my opinion...
with my OPINION...and blue or anyone else...it is not personal.
SIM is bologna and a complete waste of time...as is more than a little backtesting.
There is no way to simulate the emotion of a real situation in a pretend situation...none. Nor can you create an adequate view of how actual orders would have been handled in a live versus a sim condition.
Trade live money and adjust your size to a level that worst case scenario outcome is worth the education received. If your product does not decrement that way then trade something else that does until you have reasonably mastered your idea or method.
The only way to get better at trading is to trade. If you have access to a legit mentor allow yourself to become a complete and true apprentice. Master do, apprentice watch, master and apprentice do together, apprentice do, master watch.
I firmly put forward that SIM especially unsupervised unmentored SIM does way way more damage than good.
The following 3 users say Thank You to wldman for this post:
Thanks Wldman and Bluemele. I agree with what you are saying. Didn't see any trades all week...in time to take advantage of them. Today I didn't take sim either. Kind of frustrating when there's mostly chop and lightening fast bars.