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Introduce yourself here!
Started:June 10th, 2009 (08:43 PM) by Big Mike Views / Replies:530,696 / 7,061
Last Reply:15 Hours Ago (11:10 PM) Attachments:50

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
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  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


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Introduce yourself here!

Old January 20th, 2015, 10:07 PM   #5541 (permalink)
Trading Apprentice
Perth Australia
 
Futures Experience: Advanced
Platform: ninja dastrader
Broker/Data: Sure trader das,
Favorite Futures: stocks nasdaq
 
Posts: 3 since Jan 2015
Thanks: 3 given, 1 received

Hi admin man,
I have been trading part time for ten years with little ongoing success. Blown up my account at least 3 times. I know beyond a shred of doubt that I will become a consitently profitable trader and have made huge moves towards this in the last 6 months of near full time trading - now day trading.

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Old January 21st, 2015, 05:12 AM   #5542 (permalink)
Trading Apprentice
Budapest, Hungary
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: Infinity/SierraChart
Favorite Futures: FDAX,CL
 
Posts: 19 since Sep 2013
Thanks: 35 given, 16 received


tauatrader View Post
Hi admin man,
I have been trading part time for ten years with little ongoing success. Blown up my account at least 3 times. I know beyond a shred of doubt that I will become a consitently profitable trader and have made huge moves towards this in the last 6 months of near full time trading - now day trading.

Welcome on board Tauatrader!

You can find many threads on futures.io (formerly BMT) how and why many of us burnt our accounts
Moreover, there are threads about the problem of undercapitalization or small account growing. Eg. TopStepTrader can be an option to overcome that.

Mentally.. for me Rich and his course at MindMuscles.com helped a lot. The online materials and exercises are very practical, in my opinion.


Last edited by lezzlee; January 21st, 2015 at 05:15 AM. Reason: welcome and some notes
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Old January 21st, 2015, 05:49 AM   #5543 (permalink)
Trading Apprentice
pretoria south africa
 
Futures Experience: Intermediate
Platform: metatrader
Favorite Futures: gold .indices
 
Posts: 3 since Sep 2014
Thanks: 0 given, 0 received



tauatrader View Post
Hi admin man,
I have been trading part time for ten years with little ongoing success. Blown up my account at least 3 times. I know beyond a shred of doubt that I will become a consitently profitable trader and have made huge moves towards this in the last 6 months of near full time trading - now day trading.

Dear Member .
have been also trading part time for almost two years and have already blown up two accounts,and about to lose hope with trading .
any hint you can share how you managed to turned it around ?

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Old January 21st, 2015, 11:40 AM   #5544 (permalink)
Trading Apprentice
Budapest, Hungary
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: Infinity/SierraChart
Favorite Futures: FDAX,CL
 
Posts: 19 since Sep 2013
Thanks: 35 given, 16 received


oom123 View Post
Dear Member .
have been also trading part time for almost two years and have already blown up two accounts,and about to lose hope with trading .
any hint you can share how you managed to turned it around ?

Hi oom123,

In short..
  1. find a market that suits your time for trading (swing, daytrading)
  2. find a reputable educator with a method that suits your mentality and sought for action
  3. sharpen your discipline (there are books and trainers)
  4. trade on simulator until your results show consistent profits
  5. save or apply for funding (eg. TopStepTrader's Combine)

Ok, this looks easy but trading is a profession and must be learnt.

My two cents..

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Old January 21st, 2015, 11:43 AM   #5545 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,543 since Jun 2009
Thanks: 28,886 given, 80,134 received

Futures Edge on FIO
Moderator Note


This thread is for introductions only. Anything other than an introduction is off-topic for this thread.




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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Old January 21st, 2015, 11:47 AM   #5546 (permalink)
Trading Apprentice
pretoria south africa
 
Futures Experience: Intermediate
Platform: metatrader
Favorite Futures: gold .indices
 
Posts: 3 since Sep 2014
Thanks: 0 given, 0 received


lezzlee View Post
Hi oom123,

In short..
  1. find a market that suits your time for trading (swing, daytrading)
  2. find a reputable educator with a method that suits your mentality and sought for action
  3. sharpen your discipline (there are books and trainers)
  4. trade on simulator until your results show consistent profits
  5. save or apply for funding (eg. TopStepTrader's Combine)

Ok, this looks easy but trading is a profession and must be learnt.

My two cents..

---------------------------------------
Thank you very much .

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Old January 21st, 2015, 11:53 AM   #5547 (permalink)
Elite Member
Columbia, Missouri
 
Futures Experience: Beginner
Platform: Fidelity
Favorite Futures: Stocks
 
Posts: 3 since Mar 2014
Thanks: 1 given, 1 received

Lurking and learning

Hello all,

Beginning level wanna-be trader lurking in the background...looking, learning, and absorbing what I can from as many sources as I can find. I have successfully managed not to blow out any accounts yet, but I also have lost "some" money...but gained a LOT of very interesting and useful education/information in the mean time. Still a great deal to understand, research, practice, discard, etc. I am not in a hurry to trade more, but it is something I am working towards in a "I would rather do this sooner than later" approach. Still, I also recognize many of the reasons for failure include a lack of proper understanding, poor money management, poor discipline, and not giving nearly enough respect to the psychological considerations. Realizing those, and finding ways to not have the same thing happen are two different things, but I also realize that I will only have so many chances in my life to make any dream of trading full time a reality. Cautious optimism and a willingness to absorb are my driving engine currently. It's ok I think to have a hopeful dream.

I have been reading through many of the forum posts, and want to say thanks to everyone for sharing their ideas, criticisms, support, and wisdom with those of us who are still trying to figure out this big, complicated mess!

Jeff

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Old January 21st, 2015, 11:31 PM   #5548 (permalink)
Student of Life
Dallas, Texas
 
Futures Experience: Beginner
Platform: TOS, NinjaTrader
Favorite Futures: EUR/USD
 
airborne82's Avatar
 
Posts: 45 since Dec 2013
Thanks: 290 given, 24 received

Hey everybody. I've been coming around Big Mikes since Dec, 2013 but until recently I haven't contributed or posted a single thing. To this point most of my time spent here has been learning, reading, and trying to internalize the info located within the forum. Many thanks to Big Mike and all of the other veteran traders and posters that have made this site possible. Their time and energy spent here is invaluable to a beginner like myself. When I first started researching trading I didn't think I would be able to make it with the all the negativity I found on other sites. The pessimism and negativity almost made it seem I had a better chance of becoming an astronaut than pursuing trading. So again, thank you everybody that has made this site possible.

My immediate goal is to start a futures.io (formerly BMT) trading journal consisting of the EUR/USD. I actively trade on a SIM account and am looking to go live within the next 6 weeks. I plan on opening a $500 forex micro account. This will allow to me get some skin in the game without risking my rent money. With this account I want to focus not on profit but on risk management, trade management, and emotional and psychological balance. I plan on creating my journal tomorrow, at least creating a single page and laying out my rules and trading strategy.

On a side note, I'm a newly wed (married last May), born and raised in Las Vegas but currently living in Dallas, TX. I'm a history fanatic with a Bachelors in History and minor in Education. I'm a diehard football fan and root for Notre Dame and the 49ers.

Good luck to everybody in their future trades.

-"How can people get to that carefree frame of mind that you talk about?"
-"By changing the way that they think. They have to eliminate the potential to think that the market is going to disappoint them. And the way they eliminate that potential is by understanding that trading is not about being right or wrong. Itís a probability game."
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Old January 22nd, 2015, 05:18 PM   #5549 (permalink)
Elite Member
houston tx
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: mirus and tos
Favorite Futures: es
 
Posts: 1 since Apr 2012
Thanks: 1 given, 0 received

hi everyone

come here from houston texas. Just started looking at futures and would like to learn more and share my knowledge to the community. Thanks for all the help MIKE

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Old January 22nd, 2015, 09:14 PM   #5550 (permalink)
Trading Apprentice
Hillside nj
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 1 since Jan 2015
Thanks: 0 given, 0 received

Zone Trader


Hi Big Mike I am A E-mini zone trader. I have been trade A few years now and it phycology over the market. I Trade futures as a full time job I am 23 years old. Trading is A business and it all about following the sharks and letting the market come to you. Thanks

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