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Sim Trading Journal Allowed?


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Sim Trading Journal Allowed?

  #1 (permalink)
Bonacci
Manchester/United Kingdom
 
Posts: 40 since Jun 2015
Thanks Given: 3
Thanks Received: 21

Hey,

Are you allowed to create a Trading Journal based on SIM? I'm using SIM with ThinkorSwim to build up some initial confidence and hopefully validated my Futures strategy.

I trade from the charts which I believe is real time, I check upon any trade completion that the bar range was a bit higher to ensure it would most likely have been filled.

Thanks

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  #3 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010


and trade it as if its real account

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  #4 (permalink)
Bonacci
Manchester/United Kingdom
 
Posts: 40 since Jun 2015
Thanks Given: 3
Thanks Received: 21

oh I do, although your pulse doesn't increase quite as much

I'm out anyway for the day on ES, trade successful.

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  #5 (permalink)
 
DeadCatBounced's Avatar
 DeadCatBounced 
Baltimore MD US
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ
Posts: 293 since Apr 2013
Thanks Given: 1,514
Thanks Received: 736

I dont think an initial SIM Trading period is bad. A couple questions though.

1. Have you traded actual money before? If you have why are you going back to sim?
2. Regardless of whether or not you have traded actual money before I think it is important to have a plan in place for going live. You don't want to get stuck in endless sim trading. The goal of sim trading is to become comfortable with your charts / find an edge / and get to trading live money as quick as you can!

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  #6 (permalink)
Bonacci
Manchester/United Kingdom
 
Posts: 40 since Jun 2015
Thanks Given: 3
Thanks Received: 21

Hey thanks for the response.

1. Oh yes, see my origin post It's been about 7 years since I last traded so I've been out of the game. I don't have
a brokerage account anywhere yet, I quite like ThinkorSwim SIM however annoyingly a real account is not an option for a UK resident. I've used TradeStation in the past so will most likely look at that first, I've also used hybrid type solutions with IB as brokerage.

2. I planned to give SIM trading a 2 week window, if the strategy had legs then I would feel comfortable to try it out for real. However I'm going to be away on business for 2 months so not much point setting it up for real till then.

I'm debating going full-time on my return and giving trading a genuine go, I'm in a position that I would be able to do this for 9-12 months. Live by the sword and all that .

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  #7 (permalink)
 Lady 
Medellín, CO
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Playing with eMinis, coming from Options
Posts: 83 since Jun 2015
Thanks Given: 14
Thanks Received: 43


Bonacci View Post
Hey thanks for the response.

1. Oh yes, see my origin post It's been about 7 years since I last traded so I've been out of the game. I don't have
a brokerage account anywhere yet, I quite like ThinkorSwim SIM however annoyingly a real account is not an option for a UK resident. I've used TradeStation in the past so will most likely look at that first, I've also used hybrid type solutions with IB as brokerage.

2. I planned to give SIM trading a 2 week window, if the strategy had legs then I would feel comfortable to try it out for real. However I'm going to be away on business for 2 months so not much point setting it up for real till then.

I'm debating going full-time on my return and giving trading a genuine go, I'm in a position that I would be able to do this for 9-12 months. Live by the sword and all that .

I too have not traded since years ago. Things changed much huh?

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  #8 (permalink)
Bonacci
Manchester/United Kingdom
 
Posts: 40 since Jun 2015
Thanks Given: 3
Thanks Received: 21

Trading software has matured a bit, you can get nice SIM for free.
There seems to be way more indicators than there used to be however market psychology is the same as ever, fear and greed.

The biggest change is the change within yourself.

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Last Updated on June 9, 2015


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