Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Sure, there is real money involved, but each individual trade is abstracted from the real money underneath it because the outcome of one trade does not impact your risk in the endeavor - the only thing that matters is the finish line. In fact, how you get to the finish line doesn't matter at all.
I can understand why this would feel different from trading a live account where each trade impacts your bottom line directly - nothing abstract about watching you real money balance fluctuate. And I can understand why it can be difficult for some to adjust to. I think I would have to make a lot of effort to convince myself to treat each combine trade the same as a real trade. Maybe I could do it, maybe not - I have nothing against Sim trading and consider it a valuable tool - but I have never tried a combine.
1. "real money", you spend something, you feel accountable
2. "sim or simulated trading", as soon as your order hits the exchange
you are participating in changing/influencing the market. as a retail
trader you will most likely not move the price, but your order hits the
book and as such influences the market, algo's, other participants and
most of all, fills are real which means, the fill either happens, or the fill
does not happen (both in buy or sell)
it is possible to write a strategy that will score very well in sim and
as soon as you do it with real money (meaning actual fills) it breaks
apart..
That said
I think going through the process of a TS or similar, is a good thing, all
comments apart, it will force you to be structured and disciplined and
at least respect the combine rules.
Just to get this back on topic as it is masterdees journal....
Real money or not your brutal honesty and openness is commendable and will be the catalyst to your success as a trader. Now you need to take it one step further and answer some unpleasant questions
Average loss bigger than average gain (I think from scanning through) why?
Ask yourself why you are fighting the market.
Why bother doing all this if you are trading a bigger account successfully?
The fact it's a small account is not an answer as it's an excuse!
Please take the above the right way mate. It's meant with the best intentions. These things can be difficult to face up to and you don't have to post answers for all to see. Understanding oneself is the key to enlightenment.
Well, as I was close to my overall risk limit, I did hit it on Friday last week and the combine is officially over for me. It was a good experience but trying to trade with 10-12 lots and tight SL, stopped me out a couple times and hit my overall max risk limit. Only to see 4T lower to find support and then go up a lot...
I think, I'll just open up a new thread where I will continue to post my daily cheat sheet. Maybe it's helpful for others, so happy to continue to share