Training for Success
Publicado: 20 Feb 2009 17:26
A raíz de un debate con Wall, pues he rescatao este artículo de la internete:
Training for Success
November 9, 2008 by Sam
Think simulated trading is pointless? Think again! This article discusses why the simulator is an often overlooked tool in trading education and how it can help you improve your results.
The simulator is simply a way for traders to try out different strategies and tactics in real time, but without the financial risk of putting real trades on. Think of the simulator as the trader’s gymnasium.
Most new futures accounts last three months. A shocking statistic? Not that shocking perhaps, when you consider that most new traders approach the markets by opening an account, funding it, then immediately jumping in at the deep end of the pool with a half baked trading plan, no proven edge, and a lack of proper risk control. It’s only a matter of time before this trader blows his account.
I will be honest with you. As a new trader, when you step on to the playing field that is the futures markets, you are competing against the very best professional traders that London, Chicago, New York and Tokyo have to offer. They are vastly more capitalized than your average independent trader, and they spend every day living every tick. What’s more, they will eat you alive if you are not well prepared.
The most common argument I hear against simulated trading is that it doesn’t teach you anything about what it’s like to have real money riding on a trade. Quite right. I completely agree. Simulated trading can never account for the emotional aspects of using real money. At this stage of your learning however, that is completely irrelevant! Think about it, if you can’t demonstrate your edge and consistently make money from a simulated account, what hope do you have of making money from a real account?
When using the simulator, your goal is simply to achieve a level of discipline and consistency which will provide you with enough confidence in your edge and yourself to make a smooth transition to trading your real money account. Prove to yourself that you have an edge! Don’t have an edge yet? Why not use one of the high probability eFutureVision set-ups such as the 9/30 or 3X along with a simulated trading environment to accelerate your learning curve.
By making use of the simulator as your trading gymnasium, you are taking the same course of action as the world’s elite sportsmen and women who practice and train for years on end before taking their sport to competition level. A professional sprinter may only spend 10 seconds running his race, but how many hours of his day are devoted to achieving the optimal start out of the blocks? It is the small details that make a big difference.
I recommend that you spend anywhere from 4-6 weeks on the simulator as an absolute minimum. When you can sustain consistently profitable results over this period of time without major draw downs, you may begin thinking about making the transition to real money. Perfect practice makes perfect.
If you need suggestions for a good trading simulator, my choice would be NinjaTrader. It’s compatible with most popular datafeeds, it’s free, and it provides you with both an excellent simulation engine and perhaps most importantly - it tracks your performance metrics. Ensign software also has a good simulator function called Playback
Training for Success
November 9, 2008 by Sam
Think simulated trading is pointless? Think again! This article discusses why the simulator is an often overlooked tool in trading education and how it can help you improve your results.
The simulator is simply a way for traders to try out different strategies and tactics in real time, but without the financial risk of putting real trades on. Think of the simulator as the trader’s gymnasium.
Most new futures accounts last three months. A shocking statistic? Not that shocking perhaps, when you consider that most new traders approach the markets by opening an account, funding it, then immediately jumping in at the deep end of the pool with a half baked trading plan, no proven edge, and a lack of proper risk control. It’s only a matter of time before this trader blows his account.
I will be honest with you. As a new trader, when you step on to the playing field that is the futures markets, you are competing against the very best professional traders that London, Chicago, New York and Tokyo have to offer. They are vastly more capitalized than your average independent trader, and they spend every day living every tick. What’s more, they will eat you alive if you are not well prepared.
The most common argument I hear against simulated trading is that it doesn’t teach you anything about what it’s like to have real money riding on a trade. Quite right. I completely agree. Simulated trading can never account for the emotional aspects of using real money. At this stage of your learning however, that is completely irrelevant! Think about it, if you can’t demonstrate your edge and consistently make money from a simulated account, what hope do you have of making money from a real account?
When using the simulator, your goal is simply to achieve a level of discipline and consistency which will provide you with enough confidence in your edge and yourself to make a smooth transition to trading your real money account. Prove to yourself that you have an edge! Don’t have an edge yet? Why not use one of the high probability eFutureVision set-ups such as the 9/30 or 3X along with a simulated trading environment to accelerate your learning curve.
By making use of the simulator as your trading gymnasium, you are taking the same course of action as the world’s elite sportsmen and women who practice and train for years on end before taking their sport to competition level. A professional sprinter may only spend 10 seconds running his race, but how many hours of his day are devoted to achieving the optimal start out of the blocks? It is the small details that make a big difference.
I recommend that you spend anywhere from 4-6 weeks on the simulator as an absolute minimum. When you can sustain consistently profitable results over this period of time without major draw downs, you may begin thinking about making the transition to real money. Perfect practice makes perfect.
If you need suggestions for a good trading simulator, my choice would be NinjaTrader. It’s compatible with most popular datafeeds, it’s free, and it provides you with both an excellent simulation engine and perhaps most importantly - it tracks your performance metrics. Ensign software also has a good simulator function called Playback
respecto a algo hay un tipo en el simulador de investopedia, que en un año convirtió una cuenta de 100.000 dólares en 860.000.000 dólares, bueno hay le he sacado algo de información y me ha ayudado a crecer demasiado, aparte de el ser un gran inversionista.