Chris, i agree 100% with @Falstaff last comment, i am also of the old ways.
Chris, based on your answers that you keep repeating, CAN I GIVE YOU SOME FRIENDLY ADVICE.
Let me tell you a summarized story if i may
this is not up for debate… THIS IS A FACT… YOU ARE 100% DEAD WRONG… end of story.
When i was a kid back in the 80’s i was really stressed and life hard to deal with.
as @Falstaff said, the rules were easy…
ADAPT or … GET LEFT BEHIND
it may seem harsh, but IT FORCED YOU TO LEARN, you see, let’s say in maths class if you didn’t learn say , your fractions, everyone else called you an idiot, Actually , they called you Dumb Runt (Replace R with C). simple as that
if you had a job and you made a stupid mistake, you were humiliated for it, so you never made that mistake again… .AND WE LEARNED
if you were a smart arse in school, you’d get bashed after school (say what you will, but WE LEARNED) and this sort of upbrining taught RESPECT
then time went on and people started abolishing corporal punishment and people starting going on about “Bullies” (instead of giving the bullies a kick in the head ) the people of the world became a bunch of bloody Fairies.
Anyway, i digress
point is… Life was Stressful and hard
NOW ONE DAY FOR ME PERSONALLY. i got to a point when it was so hard that i couldn’t handle it
this is where something interesting happens to your brain, THAT I HONESTLY DIDN’T KNOW, at that time.
YOU ARE FORCED TO ADAPT
what i did was this
I asked myself
- What does stress actually do for the body, is there any positive function
the answer is NO
- Is it necessary for us to feel Stress THE ANSWER IS NO (that’s a fact)
but, THERE’S A CATCH
it’s like this
it depends how you define STRESS (now, i’m not avoiding here or making excuses, just listen ok)
We all have a central Nervous system, and because of it, WE MUST FEEL - that’s a fact
The things that we feel. get sent to our brain for INTERPRETATION - That’s a fact
Now. we have to FEEL the input factors that our nervous system gives our brain, that’s not a choice.
HOWEVER, WE DO GET TO CHOOSE HOW WE RESPOND
THIS IS A FACT
if someone cuts your arm off - YOU GET TO CHOOSE WHETHER TO SCREAM OR NOT
if someone kills you family - YOU GET TO CHOOSE whether to cry or hunt the bastard down quietly and exact revenge. or… you can choose to do nothing
if someone pushes you in school, YOU CHOOSE how you respond, do you walk away, or do you push him back or do you kick him in the head
if your boss yells at you YOU GENERALLY CHOOSE TO SHUT UP or you can tell him to F… OFF
EVERYTHING IS A CHOICE MATE
Now emotion’s come into trading BECAUSE
WHEN YOU PUT REAL MONEY DOWN - YOU ARE ASSOCIATING THE HARDSHIP OF HOW YOU EARNED IT
Example, a Guy who throws garbage for a living or a bricklayer who throws bricks up a two storey building for 8 hours a day or a concreter with appreciate their wage (Even though it might be small) to a greater degree than say an office worker that is unsupervised and the only job they have is something simple and cushy.
so WE CAN SAY THIS
THE AMOUNT OF EFFORT YOU PUT INTO YOUR JOB IS DIRECTLY PROPORTIONAL TO HOW YOU FEEL ABOUT YOUR WAGE
IF YOU HAVE A LOWER WAGE, then How you feel will be Amplified
so we could narrow this down mathematically to some formula that establishes
HOW YOU FEEL PER DOLLAR EARNED BASED ON HOW MUCH EFFORT YOU PUT IN FOR THAT DOLLAR
you understand me
Now. when you trade
These emotions return
WHEN YOU LOSE, (and because you were expecting a reward for your hard work) You feel worse.
does that make sense
so up to this point, you will probably still confirm that “Yes martin, that’s what i’ve been saying, that a demo is not like a Live”
NO… BUT WAIT
When you trade LIVE, you bring emotion in with your money
WHY CAN YOU NOT DO THIS
Why can’t you tell yourself “This is my demo account I CHOOSE TO BLOODY TAKE IT SERIOUSLY, because i iknow that what i do here will DIRECTLY AFFECT WHAT HAPPENS ON LIVE, and A Demo is playing with Live money because if i stuff up on demo and don’t treat it as real, I AM INTENTIONALLY THROWING AWAY MY LIVE MONEY, because i am not training myself to develop good trading habits”
Why can’t you do that ?
Like Falstaff said, You are just pissing away a very very useful resource
Mate, do you know why DEMO IS GIVEN TO YOU FOR FREE ?
ANSWER : it’s because the brokers know MOST PEOPLE ARE EMOTIONALLY WEAK AND WILL GET ADDICTED
they know that most people will fall slave to their emotions
If you do this… You will lose at trading
CONTROL IS THE KEY
Understand YOU HAVE A CHOICE, YOU CHOOSE HOW YOU FEEL
If you can’t take control of your emotions, you should not be trading
if you can… then do it
and when you make a wrong decision, learn from it
and when you make a right decision, Reward Yourself for it
BUT HERE’S THE THING
You Believe with all your heart (like so many others) that you can’t avoid it, that stress cannot be avoided, that you can’t make yourself believe that something is something else.
Actually you can and it can be proven scientifically.
Mate, it is a Scientific fact that certain people use certain keywords that TO THEM Means different different things and triggers different things
let me point out yours
i’ll retype what you said and highlight the keywords
“it’s a common problem, there is a huge difference between demo and real account, even though so many experts always emphasise on demo experience, i am not. experience from demo will not work practically in live. because, when we trade in demo we get free from everything. But we kick off real account we can’t avoid emotions and others this is a fact”
Let me explain it
"Huge difference" is a way for your brain to tell yourself that problem is overwhelming.
the fact is, it’s not, and it is only what you make it out to be.
“Experience from demo” etc etc is a way to confirm to yourself that IT WON’T WORK.
it’s actually not true, Many people do it… I personally do it, and it works
You have then given yourself an excuase, as follows
then you confirm to yourself WE CAN’T AVOID EMOTIONS
well… No We can’t
but WE CAN CONTROL THEM
and when you say EMOTIONS it means something different to what EMOTIONS actually are… see the difference.
Mate, Long story short, YOU ARE TELLING YOURSELF IT’S IMPOSSIBLE, when it really isn’t
and in doing so, you are crippling your trading career and wasting a huge resource
HERE ARE SOME FACTS
You can’t say Experience on demo will not work practically because literally thousands of people have done it and prove it can work. so THAT’S BUSTED
the only difference is… YOU CHOOSE TO BELIEVE IT WON’T WORK
You need to tell yourself that everything you do on demo will be reflected on live.
you need to forget that demo money is FAKE.
You need to tell yourself that EACH TIME YOU LOSE, YOU WILL POTENTIALLY LOSE REAL MONEY
you need to tell yourself that a demo account is RISK MANAGEMENT and YOU ARE BEING SMART BY DOING THIS
Demo Account is a tool
So is Live Account
so is a Hammer
So is a Screw Driver
now, you use a Screwdriver for a certain purpose
you use a hammer for another purpose,
but BOTH HELP YOU TO BUILD A HOUSE
You use a Demo to Test things while managing risk
You Use live as a Tool to host your trades
BUT BOTH CONTRIBUTE TO YOU MAKING MONEY IN THE LONG TERM
and BOTH ARE NOT A GAME, they just serve different purposes
try to see it this way ok
Take Care mate
Hope you get it