I don't even know where to begin on this... Let's start with the screenshot here... https://www.elitetrader.com/et/thre...ade-a-lot-of-money.349461/page-2#post-5191321 So last price on that GC contract was 1646. So the sim engine assumes you were in at that price. Current bid is 2002, current ask is 2095. 2 orders for 2002, 4 orders for 2095. Sure, great! If you actually were in that contract long at 1646, you could fill two lots at 2002 and be happy as a clam! 350+ points of profit is a lot of money in GC. But...Yer not going to get a 500 lot trade at that price because, well, the bid at that price is for 2 contracts. So you will get 2 lots filled. Now you have 498 lots swinging in the breeze. It is really irrelevant though, because if you have enough capital in your trading account to be able to open a 500 lot order in GC (or CL), then you should just buy QQQ, sit back, and enjoy the ph3T l3Wtz over time.
500 to a 1000 contracts in one go? You will even have bad fills by doing that in the most liquid GC or CL contract.
Hehe, it certainly helped spawn the genre of wardialing into computer systems. (I never had an acoustic modem though).
Not all in one go, no. This demo account begins with a virtual 100k. So what I did was start with say 2 or 3 contracts, bearing in mind the real life margin for outright Gold, Crude etc. Then using buying power from unrealized gains, added more and more until I hit 500 or 1000.
You just said: Anyway, it doesn't matter, it should be obvious by now that you will not be able to replicate this with real money, not even with just a few contracts.
It doesn't work like that. Check it. Real life is rough. Ergo, initial margin is $10,230 per contract. With a 100K account, you can have 9 contracts max on GC.
My mistake, I meant building positions upto that amount. Indeed, it seems too good to be true. I will keep learning, as even making some money out of trading is better than nothing.
I like your style, using profits to add to winning positions is the fastest way to turn a modest account into a small fortune. But it takes guts and nerves of steel, very few traders can pyramid their winnings until the end of the trend...