Account been approved! Going to have my first day of tradingthis week LA - Beginners and Introductions | futures io social day trading
futures io futures trading


Account been approved! Going to have my first day of tradingthis week LA
Updated: Views / Replies:20,414 / 187
Created: by budfox Attachments:2

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
 2  
 
Thread Tools Search this Thread
 

Account been approved! Going to have my first day of tradingthis week LA

  #171 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


trendisyourfriend View Post
LOL, +1 for you

Nevertheless, mfbreakout just posted something which i believe is so true:

If you are pounding you table and trying to rationalize as to why CL got sold right at the open yesterday and today right from 8.30 am got bought and pushed to 97.70- you may be trading something but it's not order flow.


i know you're going to find this hard to believe, but there's actually traders out there who trade bigger than 3 lots and hold onto their trades for longer than 30 seconds to 3 minutes. trading order flow and scalping crude is all fine and dandy, but you are not going to be able to scale your trading to the point where you are trading size, and odds are you are not going to be holding your trades long enough to make any real money.

Reply With Quote
The following 4 users say Thank You to tigertrader for this post:
 
  #172 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Looks like this thread is going on 7 months plus...I suggest you stick with sim or paper trade until your really ready for this. Seeing a post you had a couple of days ago saying it would be a shame to quit only because of the support you've been getting around here tells me your heart is not in this at the moment. Not trying to be a jerk but, maybe save up some more money to more adequately fund your account while sim trading and after a period of time try it live if you feel confident enough.

Reply With Quote
 
  #173 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received


It almost seems like an antic


Last edited by Itchymoku; February 4th, 2014 at 11:01 PM.
Reply With Quote
 
  #174 (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: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


budfox View Post
Yeah I have heard of topstep, I read their website everyday and am a huge Danny Riley fan.

Two different companies entirely. Mr Top Step (MTS) is Danny Riley. TopStepTrader is Michael Patak and is what was being referred to in 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.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #175 (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

@budfox, I want to give you some encouragement if you are struggling right now. This market is not easy to trade over the last few weeks in particular. Routine 20-30 handle ranges, lots of volume, and algo activity out the spoo's as--it's not for the faint of heart. Just look at today -- a 10 handle juke up and then 17 down after ISM to new lows, followed by a merciless squeeze up to new highs, where a breakout to the upside and a revisit to yesterday's highs was all but guaranteed, and then.... a sell into the close. Yesterday, a nice little headline algo-initiated sell on the S&P P.R. downgrade, with a move right back up, followed by another sell.

Can money be made? Yes, but particularly for a new trader it is brutal. With volatility comes massive opportunity, but also pitfalls and the ability to lose one's ass. You can lose 5 or more spoo futures handles before you can say "get me the fuck out" in this market, and trading the minimum that's $250, or a whopping 5% of your capital if you have a $5,000 account. Which is why such a small account trading futures, and no ability to size down, is such a death sentence. It sucks that this is the game we play, but we make the choice to play or not, and that's how it is.

Reply With Quote
The following 4 users say Thank You to josh for this post:
 
  #176 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received


josh View Post
@budfox, I want to give you some encouragement if you are struggling right now. This market is not easy to trade over the last few weeks in particular. Routine 20-30 handle ranges, lots of volume, and algo activity out the spoo's as--it's not for the faint of heart. Just look at today -- a 10 handle juke up and then 17 down after ISM to new lows, followed by a merciless squeeze up to new highs, where a breakout to the upside and a revisit to yesterday's highs was all but guaranteed, and then.... a sell into the close. Yesterday, a nice little headline algo-initiated sell on the S&P P.R. downgrade, with a move right back up, followed by another sell.

Can money be made? Yes, but particularly for a new trader it is brutal. With volatility comes massive opportunity, but also pitfalls and the ability to lose one's ass. You can lose 5 or more spoo futures handles before you can say "get me the fuck out" in this market, and trading the minimum that's $250, or a whopping 5% of your capital if you have a $5,000 account. Which is why such a small account trading futures, and no ability to size down, is such a death sentence. It sucks that this is the game we play, but we make the choice to play or not, and that's how it is.

Glad to hear another person commenting on this. Im not sure about other markets, but January in the ES has been brutal. Any lack of discipline has no doubt decimated many an account. Wondering if this is the new normal? Would love to hear @tigertrader 's thoughts...

edit: Just one other thing, i've noticed a lack a liquidity lately generally requiring smaller positions and wider stops and targets. Not sure if anyone else agree's with this observation,...but im certainly hoping the liquidity returns soon.

edit: 40mins into US session,...speak of the devil, liquidity is back.

Diversification is the only free lunch

Last edited by DarkPoolTrading; February 6th, 2014 at 11:10 AM.
Reply With Quote
 
  #177 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


DarkPoolTrading View Post
Glad to hear another person commenting on this. Im not sure about other markets, but January in the ES has been brutal. Any lack of discipline has no doubt decimated many an account. Wondering if this is the new normal? Would love to hear @tigertrader 's thoughts...

edit: Just one other thing, i've noticed a lack a liquidity lately generally requiring smaller positions and wider stops and targets. Not sure if anyone else agree's with this observation,...but im certainly hoping the liquidity returns soon.

edit: 40mins into US session,...speak of the devil, liquidity is back.

@DarkPoolTrading: the markets are always going to experience cyclical and secular modifications due to changing regimes/themes and because of the law of ever changing cycles. the markets are always going to go through structural changes due to technological innovation and regulatory influence. trying to predict what those changes will be in the future is a waste of time- even if you get it right, the odds are it was by chance. one thing you can count on however, is that the market will continue change, and inevitably the drift will be negative. that is, the market ALWAYS evolves and become more efficient, which inevitably means the market becomes more difficult to trade, especially for the retail participant. obviously, a trader must evolve and adapt his approach to current market conditions, or his his p&l will devolve. an inherent requisite of taking your trading to the next level, is the ability to recognize the game has changed, figure out what the game is, and how to adapt your trading to the game.

Reply With Quote
The following 7 users say Thank You to tigertrader for this post:
 
  #178 (permalink)
Membership Temporarily Revoked
Toronto
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: MB
Favorite Futures: ES
 
Posts: 313 since Jun 2013
Thanks: 182 given, 58 received

They aren't subs of the same parent company?



Big Mike View Post
Two different companies entirely. Mr Top Step (MTS) is Danny Riley. TopStepTrader is Michael Patak and is what was being referred to in this thread.

Mike


Reply With Quote
 
  #179 (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: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


budfox View Post
They aren't subs of the same parent company?

No.

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.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #180 (permalink)
Membership Temporarily Revoked
Toronto
 
Futures Experience: Beginner
Platform: Sierra
Broker/Data: MB
Favorite Futures: ES
 
Posts: 313 since Jun 2013
Thanks: 182 given, 58 received



DarkPoolTrading View Post
Would love to hear @tigertrader 's thoughts...

I would also like to hear tiger's thoughts about what I originally posted on this tthread.


Last edited by budfox; February 6th, 2014 at 09:43 PM. Reason: cuz I wanna
Reply With Quote

Reply



futures io > > > > Account been approved! Going to have my first day of tradingthis week LA

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Day of week edge? Tundi Commodities Futures Trading 9 May 13th, 2017 02:10 PM
EUR/XXX Spot - OHLC data (Day/Week/Month/1m/5m/60m/240m) rewex The Elite Circle 1 June 25th, 2013 12:23 PM
Berlusconi Says He Will Resign After Budget Is Approved Quick Summary News and Current Events 0 November 8th, 2011 05:30 PM
Close position based on day of week guppy EasyLanguage Programming 3 October 21st, 2011 04:31 PM
first day of the week/month - requesting last day of the week/month SARdynamite NinjaTrader Programming 3 July 15th, 2010 07:25 AM


All times are GMT -4. The time now is 04:33 AM.

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 2017-12-15 in 0.15 seconds with 20 queries on phoenix via your IP 54.234.255.29