stockmaster

I figure if you cannot be honest with yourself even in demo/simulated trade you'll never have a chance or the discipline to make it in real-time. Give me 1 demo account, and i double it every day!!!! Its easy, everyone can do it. This is a VEry Very hard job, business. But still it has to be seen as a business or else all goes south VERY fast and very nasty! And..forget hollidays in barbados and the sexy girls, one doesnt have time for a social life! :crap: Cheerrs

Not only that, i believe most people, where i am included, falls in one of the worse pitfalls of backtesting: I call it "submind CherryPicking". Ones eyes will see the patterns, our heart will go WOW, and our submind will be SURE we only see the winners! Although much more time consuming, a Market replay will not only force one to see the patterns, but see what they look like also while constructing. Many times, End of Day, we say to ourselfs..." HOW could i have missed that! So Easy". The reality is very cruel. Most patterns look horrible while in development. Worse, most Longs look just like shorts while developing. Now this looks insignificant, but just imagine the Mind Power needed to see it build, get biased, and then FADE that bias with a Technical Trigger. Its a recipiet for disaster! Still, i believe 90% of being a sucessful trader resides on, Work Before and After markets and not so much in clicking the button! I have extensive examples, but.. i think that paints the picture Regards Gil

Hum... i will assume thats a joke! lol Trading during weekends basicly means, runing a trading evorioment by replaying data. It has only one purpuse, be better, trade better, make MORE money. I accept this is a very subjective point of view, however i find it pricesless to build and inprint rules in ones mind. Actually, as you all know, F1 pro racers Play their PlayStations, they sit on sofas and "visualize" the tracks. I wonder why they do that! Its all in the mind. Also, who said the life of a profissional trader was easy? Regards StockMaster

You might consider trying NinjaTrader Free, Multicharts MP, or even NeoTicker if you really want to do some Replaying over the weekend. I do the same, neoticker is absolutly awesome as every single window, from Quotes, T&S, Charts, Everything will light up as a xmas tree. It does require a lot of effort to get it runing. NOTE: i forget is sunday at times! For something less complex and considering they are free platformes. MultiCharts Mp and NinjaTrader free do more than the job. Regards Gil

I Trade the dax for many years now. I do agree there is some volatility on it that is "unusual" compared to ES or other american index. The question i ask is, with current ES range and total lack of flow, how can any daytrader make any money in them instruments. Although risk is slightly higher on dax, the rewards are good. Very good indeed if traded properlly. One can make on one day of dax trading the same ammount of money that ES takes a Week to provide. I would like to know what type of strategies you guys are using on dax. Swing? Scalping? Best Regards