|
|
| Discuss Trading Simulation at the Software within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Description Dr. Tharp designed the "Secrets of the Masters™" Trading Game to help you learn ... |
|
|||||||
| Notices |
| Software Charting, trading & technical analysis software, trading system development and backtesting. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
27th October 2004, 01:06 AM
|
|||
|
|||
Trading Simulation
Description
Dr. Tharp designed the "Secrets of the Masters™" Trading Game to help you learn the secrets to trading success before you trade the markets. This game totally de-emphasizes entry or "stock picking" and instead requires that you focus on the most important aspects of trading—Position Sizing™ and letting your profits run. Our new game has ten levels that get progressively more difficult to master. However, once you’ve mastered these principles, you’ll know you’ve mastered some of the key skills to trading success. Info here http://www.iitm.com/products/Trading-game.htm Download here (63 MB worth it) http://www.iitm.com/Game/2002NewGame/setup.exe CV 
|
|
#2
27th October 2004, 09:18 PM
|
|||
|
|||
Re: Trading Simulation
I think that everyone should have a look at this. Great toold to develop trading skills.
Great contribution CreditViolet
|
|
#3
29th October 2004, 12:26 PM
|
|||
|
|||
|
Re: Trading Simulation
Hi,
I would like to first thank CV for the link. Actually I have downloaded the game and was trying to get through level one. I found that I dont exactly understand the concept of R multiples. How is it relevant in the real market, in the sense that we know how much we lose because we put a stop loss, but how can anyone be sure of the potential profits and what is meant by a 5R loser ? If the number of shares is 100 and my stop loss is 1 dollar below the entry point, how can I lose 500 dollars even if the probability of that happening is only 5% ? Secondly, if I am following the most popular money management principles, I should not risk more than 1 or 2 % of my capital on any one trade. So that actually kind of fixes the R multiple isnt it ? Thirdly, can the stop loss or risk for each trade be predetermined in real life without taking into account what stock I am talking about ? I assumed that the stocks which have greater swings require a more liberal stop loss than ones which trade in a narrow range and the trade size to be adjusted accordingly. So what exactly does the game try to teach ? I myself know that I sound terribly naive, but then since I can't figure it out anyway, I guess I have to ask. Will be really grateful for some clarifications. Thanks and regards, Snowy.
|
|
#4
5th November 2004, 10:52 PM
|
|||
|
|||
|
Re: Trading Simulation
Quote:
thanks
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Trading Simulation
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Practical trading education part II-www.technicaltrends.com | sh50 | Technical Analysis | 25 | 18th September 2008 08:11 PM |
| Trading Without Ego | Anil | Words of Wisdom | 11 | 5th April 2008 02:14 PM |
| Recommended Books on Practical Trading Strategies | Traderji | Books | 12 | 24th February 2007 11:27 AM |
| Trading: A Journey, Not a Destination | nkpanjiyar | Words of Wisdom | 4 | 16th April 2005 12:14 PM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
