Correct me if I have this wrong. You lost money for 8 years on a live account, but you can make 200% annual on a demo account (from your other thread), so therefore you are qualified to seek employment as a trader. And you don't see anything wrong here??
Peter
The biggest account killer factor is being undercapitalized + trying to make a full time job out of it, yes I blew accounts of small size, around $4,000 or less each time, and while mixing profitable and losing techniques -all under extreme pressure.
My conclusion is:
1) I have no found full time trading technique that can be used as a day job.
2) Trading profitably is possible in a number of ways (I already had winning elements in that 8 losing years).
Ready to trade someone's acc? Yes!
Ready to trade own money? Definitely!
Why don't tell us your story, where were you after 8 years of trading? and what could you do with $4000?, while under pressure, BIG pressure which did not allow for patient trading, you would lose it , you could somehow survive and win?
I assume you are a professional trader who just followed profitable traders' actions without having your own opinion on the markets, if that's the case, fine, but I don't have such guidance, I have to make my own decisions.
And finally what can go horribly wrong, in a trade that makes 10% in simulated Options / stock trading. when all factors are taken into account.
An $8,000 profit over a 5% stock price move will just disappear in real trading because of bid-ask and volatility ?
I'm sorry but I know a man in the US, he's not some kind of wall street elite, he's a reserve soldier in the US army, with limited knowledge of the markets, but good learner, he moved from simulated trading to the real thing and he does make 200% a year in small size directional trades.
I don't think simulated trading is useless
