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I've used the PFG simulator. It's not too bad. You need your own source of
real-time quotes and/or charts. You could place simple market, stop, limit,
and stop-limit orders. If I remember correctly, you couldn't place
Market-on-open or Market-on-close orders. Nothing fancy, either, like
automated trailing stops. But other than that, it gave an accurate
simulation of the results of the orders you placed. Once, it filled an order
I placed on the CME contract before the open on Globex. I emailed the firm
and they corrected it immediately. Also, be aware that the simulator is free
for 30 days only. After that, you can continue but there's a fee.
I haven't tried Auditrack, because I thought the transactions fees would
really add up with an active daytrading style I wanted to test.
I haven't found any other futures simulators. A few others that came up on a
web search turned out to be the PFG simulator under the various brand names
of their introducing brokers.
If anyone knows of any others, I would also like to hear about them.
Hope this helps.
Gila
----- Original Message -----
From: "Bob Heisler" <BHEISLER@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, March 26, 2002 10:09 PM
Subject: Re: [RT] PSYCH: Avoidance of paper trading
> Hi David,
>
> I wish I could but I haven't followed this area for awhile so my
information
> is out of date. But hopefully somebody else on the list can offer some
> suggestions.
>
> Bob
>
> ----- Original Message -----
> From: "David Rosenthal" <DavidRNews@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, March 26, 2002 1:30 PM
> Subject: RE: [RT] PSYCH: Avoidance of paper trading
>
>
> > Bob, can you recommend anyone for simulated trading of e-minis (NQ &
ES )
> and a/c/e
> > bonds? I'm aware of Auditrack and PFG/Best's simulated platforms. Are
> these any
> > good? Do you know of any others?
> >
> > Thanks,
> >
> > David
> >
> > > -----Original Message-----
> > > From: Bob Heisler [mailto:BHEISLER@xxxxxxxxx]
> > > Sent: Tuesday, March 26, 2002 10:36 AM
> > > To: realtraders@xxxxxxxxxxxxxxx
> > > Subject: Re: [RT] PSYCH: Avoidance of paper trading
> > >
> > >
> > > I think you need to distinguish between paper trading and simulated
> trading.
> > > I believe there is value in simulated trading but I see very little in
> paper
> > > trading.
> > >
> > > Bob
> > >
> > > ----- Original Message -----
> > > From: "ric ingram" <ringram@xxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Tuesday, March 26, 2002 12:06 PM
> > > Subject: [RT] PSYCH: Avoidance of paper trading
> > >
> > >
> > > > Hi,
> > > >
> > > > You probably, like me, have heard many traders disparage
paper-trading
> as
> > > a
> > > > waste of time.
> > > >
> > > > I used to believe that this was due to the following symptoms often
> being
> > > > related to a dislike of paper trading:
> > > >
> > > > - lack of self-trust to use discipline unless money was involved,
> > > > - missing of the emotions of trading money,
> > > > - unwilling, through greed or urgency, to paper trade, trade in a
> penny
> > > > a point, building up the unit size slowly and steadily to what the
> > > > account value, trading skills, acceptable risk of ruin, personal
> > > > preferences, emotions... could effectively trade.
> > > >
> > > > My overall conclusions were that such people were potentially a
danger
> to
> > > > themselves (and others if CTA's) until they addressed their
underlying
> > > > problems.
> > > >
> > > > I still feel this is often true, but a story told to me recently has
> > > > suggested that the symptoms that often are associated with such
> rejection
> > > > of paper trading may be secondary factors - there may be a more
> insidious
> > > > problem at their root.
> > > >
> > > > One of my longest standing friends is an unwilling scholar - based
on
> > > being
> > > > asked to give a one-off lecture, he became a part-time academic at a
> UK
> > > > university. As examples of his lack of scholar-like attributes,
he
> is a
> > > > successful investor in residential property; he has also succeeded
in
> > > > persuading his not-for-profit college to allow him to run a new
> doctorate
> > > > course on a for-profit basis with him as the main shareholder.
> > > >
> > > > So his story is somewhat self-deprecating and simultaneously poking
> fun at
> > > > his academic colleagues. According to him it is an old story - I
> hope
> > > you
> > > > like it.
> > > >
> > > > A number of academics were enrolled in time of war into the
> > > > infantry. After training they all proved to be crack shots,
capable
> of
> > > > hitting the bullseye far more often than any other recruits.
> > > >
> > > > The time came for them to be sent into battle. As the enemy
> advanced,
> > > the
> > > > order was given to fire. Nobody moved. 'For goodness sake',
> shouted
> > > the
> > > > commanding officer, 'why don't you shoot?'
> > > >
> > > > 'How can we you fool', roared back one of the scholars, 'when we
> haven't
> > > > been trained to fire at people.'
> > > >
> > > > If you have a scholarly view of trading, maybe, it is safer not to
> enter
> > > > the trenches.
> > > >
> > > > So maybe, in a way, traders who see no value in paper trading are
> right -
> > > > they may not be fit for any kind of trading.
> > > >
> > > > May your potential be realised, Ric.
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > >
> > > >
> > > >
> > > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > > >
> > > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
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