[kuro]

Only one trade today, no trades yesterday.

I trade SIM the same as live trading. I record it in my journal and keep statistics like live trading. If you fool yourself on SIM trading thinking 'I would not have made that mistake if I was trading live" or some other excuse, then you are just fooling yourself. SIM trading is about gaining confidence in your execution so you can trade the same way live. If you lie to yourself I don't think you will ever get that confidence.

[bathrobe]

Today I traded my brothers 3k account, we are putting more money in soon. Probably next week. I went into the day looking for a short around 75.75, or 74 due to my pre-open homework. I was reading about Jimmy Hoffa on Wikipedia (seriously, I was) unfortunately when 75.75 was in play the first time, it never traded through the second time and I got in late at 75 with 2 contracts. I scaled one at 74, and the balance at 67.75. I attached a chart, I think it would be nice if we all start attaching charts showing what we were seeing when we entered.

I no longer use only limit orders like I did last year. I missed too many trades and often price would touch my price and move away quite a bit. Now, when shorting I sell the bid and when buying buy the ask, I also take as many trades as I find appealing each day, rather than waiting and loading up like last year. Hope it helps.

Chris

[momop]

Apr/1/2010
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I finally got my long plays ready..Still I need to work on entries, but it is in my paper trading system. So some marginal progress.
--------------------
-96
-60
-53
-35
-33
-25
54
55
55
-----------------------------
-138$ (Bearish Stocks)
--------------------------------

240-180 (Long eminis) = 60$

Net Profit For day = -78$
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[daedalus]

1 trade 1 winner. Textbook entry and exit as per my rule set. I'm not knocking it out of the park like you all or taking 30 trades a day but i'm seeing results. A couple weeks back I revamped my trade plan significantly and the difference (coupled with 110% compliance with my rules at ALL TIMES) has transformed my results.

Again, not hitting it out of the park like you all, but I can take being a brick layer as long as its a profitable brick i'm laying. Soon i'll be a brick layer with some size.

Cheers!

[Cory2679]

Originally Posted by Dinerotrader »

If anyone wants to step up their SIM trading to something more challenging, simply start posting your daily blotter results here. No money at risk still, but you'll find many new emotional challenges. You have to decide when to stop trading, admit a losing day, everyday and every trade counts. Post the number of trades you made also. SIM normally doesn't account for commissions so $100 profit in one day is very different for a trader who made that in 3 trades and one who made that amount in 50 trades.

I just wanted to comment on the part of this quote that I highlighted in red...when trading with a forex bucket shop (as I am), this isn't the case. The bucket shops have "no commissions"...they make their commission on the spread (and of course the positions they have against you when you lose). So, the forex bucket shop SIM accounts do include commissions.

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On another note, I'm still planning to begin posting here next week (week beginning 4/11). I figure I might as well go for it...it may throw me off and I may lose, but I have to just do it if I ever hope to overcome it. As far as I'm concerned, I've pretty much "mastered" private SIM trading over the last couple weeks, so it's time to move to the next step (SIM trading "publicly"). Although obviously I will continue to learn/tweak, I've in essence mastered the technique of the approach I'm trading (essentially my own version of the approach thalestrader advocates on his thread...a focus on highs, lows, trend, consolidation, support, resistance). Now it's time to master the psychological effects of pressure/risk...

I'm currently re-reading Mark Douglas's Trading in the Zone, and I have his other book, The Disciplined Trader, coming in the mail. Trading in the Zone addresses the EXACT issues I've been dealing with as of late, and I'm really enjoying it.

I should mention, I'm now trading solely the EUR/USD during the 6E regular trading hours (8:20AM - 3:00PM Eastern Time)...

Originally Posted by Cory2679 »

There's been a lot of talk about transitions in the P/L Thread this week which had me thinking about myself...once I have the size, I'd like someday to transition to currency futures. That being the case, I'd like that transition to be as smooth as possible...daytrading the EUR/JPY, including during the Tokyo session, does not make that transition as smooth as possible (EUR/JPY doesn't have tradable liquidity in futures and during the Tokyo session, volume in futures is considerably lower...and the spreads are wider).

So, I'm going to go back to trading solely the EUR/USD, daytrading only during the 6E regular trading hours (8:20 AM - 3:00 PM Eastern Time). While trading until 3pm, in reality I'm watching for the inevitable die off of price anytime after 12...I just play it by ear each day.

I already began trading solely the EUR/USD the last couple days...and I already trade during RTH (I just trade Tokyo, too)...it really hasn't had any impact on my trading, so no big deal (although I think I do like the EUR/JPY a little better...it seems to trend better...or at least it seems to stretch its legs more when it does trend...)

[martinguitar]

Starting tomorrow i will be posting my Pnl. I have a basic idea of my strategy - entry, stop, exit (sort of). I'll just be sim trading support and resistance. My ego is a HUGE hurdle for me to get over, so win or lose, my Pnl will be posted after every day that i took a trade. I`ll be trading the 6E mainly and i might be watching the NQ and the 6B as well, but this could change if it becomes too much to look at. I`ll be watching/trading the markets from 9 am to 4 pm every single day. School is now over for me, so i have a lot of spare time. Most of my days will be negative so don't expect to see anything else as i test, observe, record and correct. This is the beginning for me.

[bathrobe]

From here on out I am posting smaller account results only. I sold 2 on the open ( from my pov perfect setup) and exited at support. I missed a long signal right after my exit, which was a pre-market trade I was looking for, and later lost 1 point, the I read the pa correctly so I am fine with the trade. By the way, the opening trade was not a "gap fill" type trade, after looking into this it is not something I would trade.

On the day I made a modest 1.25 points

[momop]

April/5/2010 : Sim trading results..

I had many problems with my system (not mine, but my broker's simulated trading just hung and didn't execute market orders). IB's simulated trading time and again has such issues. I meddled with it manually while the auto was running, so it was messy in the books. But I am going to post what the auto could have/should have done based on my entry logs for some of the positions (little bit of cheating, still I am happy with my entries). Basically I entered long reversal with TF emini while my shorts got stopped out.

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LONG: 520
SHORT: -226

NET: 294$
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