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You are essentially trading the full balance of your SIM account during the day, correct? You are not trying to turn your 10k SIM account into $1m the normal and safe way- which would be only risking a small percentage of your capital per trade (e.g. 1-3%). Every percentage of additional risk you take on- you multiply your odds of failing. Yes you can multiply your returns- but you need to be consistent- and people need to understand that.
The method you are employing, in and of-itself in a distribution of probabilities means that if you ever did hit your $1m goal, even once- you would have lost multiple times your goal trying to achieve it.
If you ever do manage to hit $1m, you would be an outlier- and the next time you try, you would most probably fall back within a few standard deviations and have gone bust.
So essentially, you need to make sure people here understand the HUGE caveat- which is the method you are displaying has implicit overwhelming odds to nearly always fail and destroy an account before you reach your stated goal of $1m.
This isn't to bash anything, this is just for any future reader to understand that this should not actually be attempted.
I'm all for seeing this for entertainment value- and it's a cool thing to see. Just many aspiring traders come to this forum, and should understand this particular thread is for entertainment purposes.
Well the money management applied here is something else but so is the objective of this thread so thats fine and a why-not-give-it-a-shot kinda thing.
Actually if you'd open a real account with around the minimum margin 10 or 20 or more or what times, and blow up most of them trying to get to your target, and you only achieve that once out of all your attempts, well, that would would still put you far ahead of most others.
Now of course everyone realizes I suppose that the risk applied here is not sthg to do with your income generating accounts hoho ;-)
But for attempting to catch an outlier with some extra money lying around, well, why not.
And the method definitely looks sound, couple of moving averages to identify trends and pullbacks on a couple of timeframes, that is definitely stuff that can be made to work if one sticks with it.
How one goes about analysing trends and pullbacks really isn't as important as desisting the urge most of us had to learn to overcome to start tweaking methods and settings and time frames etc etc after an inevitable couple of losses, thinking the grass must be greener somewhere else.
Only way to get your edge to play out over a large number of trades is to stay consistent in applying it.
Plus, doing sthg extreme like this can definitely be a crash course in emotional self-control when things get hairy.
And that is probably the most important ingredient in making it as a trader, keeping your emotions under check.
So actually pretty good stuff all in all this thread :-)