Done Lurking - Beginners and Introductions | futures io social day trading
futures io futures trading


Done Lurking
Updated: Views / Replies:1,257 / 10
Created: by Auric Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Done Lurking

  #1 (permalink)
Elite Member
Raleigh, NC
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Index and Commodity Futures
 
Auric's Avatar
 
Posts: 28 since Jan 2013
Thanks: 122 given, 50 received

Done Lurking

New member here, although according to the omnipresent banner above, I am 82 days into my membership without having posted anything. It's the same old story about a non-profitable trader in stage 2 who feels that they cannot add anything to what has already been rehashed 1000 times in countless other forums. But I will try to post in the spirit of Mike's automated notes, that anyone can contribute something of value no matter how inexperienced.

I have traded part-time, unsuccessfully, since around 2009 when I was laid off on Inauguration day by a multinational company in the DJIA who shall remain nameless, but whose moniker succeeds HAL by a single letter as cleverly hinted at in Clarke's "2001". After watching the CEO of this company shortly thereafter parade around on the dais with the President during his early job-creation and economy kick-starting roadshows, I turned away in disgust from the corporate rigmarole. I put away the fantasy that Team Red and Team Blue were different entities. One day I happened to notice DNDN sykrocket after some drug trials passed a certain phase milestone and my curiosity was piqued.

I can only describe my trading during this period as haphazard. There was no demonstrated edge. I traded stocks and index funds on the dailies based on funny-mentals: "The Fed can't possibly continue buying the entire curve", "The Euro has to start sinking at some point", "Gold will continue to rise because the only politically palatable way out of the debt spiral is to debase the currency" etc etc. Inevitably I bought the top and sold the bottom. I rode SLV to the May 2010 highs, and I hit bottom after riding TVIX down 50%. Fortunately by then I had learned not to commit too much equity to any one trade, but apparently before learning the iron rule of setting a stop loss and abiding by it. I can only thank fate that my losses during this entire period did not consume my entire account.

Only later were my eyes opened, or at the very least I no longer held them tightly shut. The more I learned, the less I traded. I read "Market Wizards" among countless other books. I studied traders and felt most closely aligned to those who traded price action or who were trend followers: Paul Tudor Jones, Linda Raschke, Ed Seykota. I've also followed the work of Lance Beggs who I believe to be an excellent educator. The equity curve didn't flatten, but it did stop. My time between trades can be measured in months.

I began to become fascinated with the markets. Here was a chaotic and yet often rhyming universe of price movement - cue the tired metaphor of high tide at the beach and Ed's hand matching the motion of the incoming and withdrawing waves. I became interested in price action for price action's sake, which I take to be a good sign. I love the unpredictability of the market, all of the failed breakouts, head fakes, and face-melting spikes. I love the idea of riding the markets and letting go of the need to be right, and yet maintaining discipline over what I can control, namely my trade management. I feel like I'm 180 degrees from where I started and it is refreshing. However I have not entered back into the market.

I have learned so much in the last year that to document it all here would be as tedious to read as it would be to write. Much of which I have learned from after stumbling across it in a Google search for something or another. I am particularly indebted to @FuturesTrader71, @PandaWarrior, @VinceVirgil, @josh, @indextrader7, @Maelstrom, @AttitudeTrader, and others too numerous to list here. I plan to put together a trading plan, work on sim trading, refine and channel my trading psychology, and take it from there.

But in the meantime, cheers to @BigMike for hosting this and may fortune smile on those who put in the time and effort to realize their dream of trading for a living.


Last edited by Auric; March 25th, 2013 at 11:55 PM.
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


What an articulate first post--welcome to futures.io (formerly BMT), and thanks for coming out of the shadows! Looking forward to your contributions and seeing your plan and progress I have no doubt you will do great!

Reply With Quote
The following 3 users say Thank You to josh for this post:
 
  #4 (permalink)
Elite Member
Austin, Texas
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: ES, CL
 
Maelstrom's Avatar
 
Posts: 129 since Jul 2011
Thanks: 542 given, 289 received

Have to echo Josh's sentiment - being a very long time lurker on futures.io (formerly BMT) myself, I am looking forward to your future posts. Welcome!

M

Reply With Quote
The following 3 users say Thank You to Maelstrom for this post:
 
  #5 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

beinvenidos

Reply With Quote
The following 2 users say Thank You to indextrader7 for this post:
 
  #6 (permalink)
Attitude is everything.
Dallas, TX, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, T4
Broker/Data: IQFeed
Favorite Futures: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 857 received

You've Come To The Right Place

I'd tell you that you've come to the right place, but you probably already know that.

@Big Mike has created a fantastic forum and there are a lot of really good people here.

From my experience, it seems that the more I've tried to share my own journey, the more I've learned for myself. So don't wait too long to start a journal of some sort here.

Good luck, and enjoy the ride.

-AT

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Reply With Quote
The following 2 users say Thank You to AttitudeTrader for this post:
 
  #7 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received

Welcome!

Would love to hear how Objectivism is guiding and helping your trading (assumption based on your avatar from the cover of the Fountainhead ).

PS Brett Steenbarger has an amusing spiel somewhere about how Howard Roark would approach the markets.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas

Last edited by Anagami; March 27th, 2013 at 10:07 AM.
Reply With Quote
The following 2 users say Thank You to Anagami for this post:
 
  #8 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Welcome, brother


...I'm busting my coconut over the HAL 9000, bit.... who the heck is it!!


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following 2 users say Thank You to tderrick for this post:
 
  #9 (permalink)
Elite Member
Raleigh, NC
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Index and Commodity Futures
 
Auric's Avatar
 
Posts: 28 since Jan 2013
Thanks: 122 given, 50 received


Anagami View Post
Welcome!

Would love to hear how Objectivism is guiding and helping your trading (assumption based on your avatar from the cover of the Fountainhead ).

PS Brett Steenbarger has an amusing spiel somewhere about how Howard Roark would approach the markets.

Hi Anagami,

Thanks for the post. I love Rand's works and re-read them every few years or so. I liked The Fountainhead more than Atlas Shrugged because it was more about the individual's reaction to society rather than the reverse (Or obverse? Or contrapositive?) One of the reasons I like trading is because it is the total expression of one's self. You succeed only through building a consistent philosophy, implementing that into an approach, and grappling with your own demons.

I also always liked Nick Gaetano's covers and this one on The Fountainhead was my favorite.

Reply With Quote
The following 3 users say Thank You to Auric for this post:
 
  #10 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received


I hear you man, thanks for the reply.

Though I'm not a 'Randian' myself, I read the Fountainhead at a crucial point in my life and it gave me a huge boost in terms of courage to affirm my own path in life regardless of anything and anyone else.

Never got around to reading the Atlas Shrugged...

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
Reply With Quote
The following 2 users say Thank You to Anagami for this post:

Reply



futures io > > > > Done Lurking

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     


All times are GMT -4. The time now is 06:51 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.14 seconds with 18 queries on phoenix via your IP 54.92.194.75