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:20,363 / 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 – 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 don’t 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

  #181 (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


tigertrader View Post
@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.

@DarkPoolTrading:implied volatility has been trending down since its peak in 2009 making lower highs, as the market discounted each individual bout of volatility more quickly than the previous one. the market even reached a point where the attendant correlations associated with the risk /on-risk-off (roro) trade disappeared. however, china weakness, the taper, emerging market instability, and weak u.s. economic data, spiked volatility and spooked the markets. whether the present volatility turns out to be summarily dismissed (once again) remains to be seen. the factors and themes that drive the markets always change in some fundamental way (cyclical/secular) - the question is, have the markets themselves changed (structural). you pose an excellent and relevant question that has important implications for traders. we may be looking at a discontinuous structural change in the connection between geo-political events and market outcomes (and an entirely different market paradigm has begun to emerge), OR this could be a cyclical event, and the market sees a reversion back to the low volatility/ roro trade.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by tigertrader; February 7th, 2014 at 12:20 AM.
Reply With Quote
The following 4 users say Thank You to tigertrader for this post:
 
  #182 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
Thanks: 1,932 given, 2,781 received
Forum Reputation: Legendary


Big Mike View Post
No.

Mike

I am in pain because this thread.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
 
  #183 (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



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

@budfox: no matter how you look at it, you have to learn before you earn. this pertains to any performance related endeavor. the structure of the learning process is of critical importance. most learning efforts fail because there are too few cycles of "performance-feedback-goal setting-corrective effort, for the time invested in the period of study, and no clear progression guiding the content of those cycles. there has to be a structured process of expertise development to guide one from the novice stage, to competency, and on to expertise, which includes market knowledge, mental and emotional preparation, methodology, and money management. and, it must be relevant to the current trading environment- not yesterday’s.

this forum operates on some level where useful information is transferred from the knowledgeable to the uninitiated, but all too often it functions more like a support group. people believe what they want to believe, see what they want to see, and hear what they want to hear. they tend to avoid information that contradicts what they already think or believe, tend to seek out other like-minded people, and rarely venture out from their comfort zone. this herding behavior is evident in the collective participation in individualized threads and its participants' dogmatic adherence to it's precepts. a cult-like phenomena fosters a "follower mentality" that inhibits one from reaching reasoned conclusions based on a reasoned process, and from having an "open mind". it only serves to reinforce a self-limiting behavior and a parochial view, that is not much different than the one-sided, collective sentiment of market participants.

the result is that 80% of the ideas that are freely exchanged on this site are invalid. they are misguided, anachronistic, simplistic, irrelevant and often just plain wrong. the dilemma is, how does one separate the wheat from the chaff. logic would dictate, and it is confirmed from my personal experience, that the best place to seek knowledge is from someone who is extremely knowledgeable and experienced. so for starters, i would question the quality of the sources of the advice you are seeking, and look to those individuals who have already, successfully accomplished what you seek to achieve.

even after +40 years trading professionally, i still seek to improve my trading, through the acquisition of market and trading knowledge, especially in the areas where i feel i am ignorant. i accomplish this by exposing myself to people that are even more experienced and more knowledgeable than myself, experts-in-the-field, if you will. at the same time, i continue to be a student of the markets and trading. it is no different than being a doctor, lawyer, or accountant; knowledge quickly becomes obsolete and must be kept up-to-date, so i strive to read all the topical and relevant material i can find. the problem is you can never know the accuracy of the information you receive, nor the motivation of the provider. behind any source, may hide self-interests, ignorance, or bias. the value of any piece of information you read or listen to, must be questioned, and the noise must be filtered out. this an acquired skill unto itself, (like being a good researcher) that come with experience, and trial-and-error.

i realize this is very theoretical sounding and not very practical in nature, but it is not without its reason. learn to think critically(on your own) and don't be a follower. the way you choose to learn and acquire expertise in trading is as important as the actual process. so, give it careful thought and approach it logically - develop a plan and then execute the plan. forget about popular opinion and don't take anything at face value. organize and filter your ideas and determine what is relevant, but allow conflicting ideas to generate new conclusions. keep in mind, that in theory, there is no difference between theory and practice, but in practice there is.


Last edited by tigertrader; February 8th, 2014 at 04:13 PM.
Reply With Quote
The following 13 users say Thank You to tigertrader for this post:
 
  #184 (permalink)
Elite Member
Naperville IL
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: NT broker
Favorite Futures: NQ ES 6E GC CL
 
Posts: 954 since Feb 2010
Thanks: 1,184 given, 650 received

...people believe what they want to believe, see what they want to see, and hear what they want to hear. they tend to avoid information that contradicts what they already think or believe, they tend to seek out other like-minded people, and rarely venture out from their comfort zone. all this serves to accomplish is to reinforce a self-limiting behavior....

Absolutely right, tiger, people are very defensive about what they believe and won't allow any information that contradicts...

Reply With Quote
The following user says Thank You to supermht for this post:
 
  #185 (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


supermht View Post
...people believe what they want to believe, see what they want to see, and hear what they want to hear. they tend to avoid information that contradicts what they already think or believe, they tend to seek out other like-minded people, and rarely venture out from their comfort zone. all this serves to accomplish is to reinforce a self-limiting behavior....

Absolutely right, tiger, people are very defensive about what they believe and won't allow any information that contradicts...

@supermht: researchers found that people are about twice as likely to select information that supports their own point of view (67 percent) as to consider an opposing idea (33 percent) and 3 times as reluctant to consider differing perspective when it pertains to politics and religion. one could only imagine what the percentage is when it comes to money and trading!

Reply With Quote
The following 2 users say Thank You to tigertrader for this post:
 
  #186 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,063 since Aug 2011
Thanks: 967 given, 2,617 received

You mean...

that confirmation bias is real? I don't believe it!

Reply With Quote
 
  #187 (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

Very hard to learn how to trade

Hi Tiger,

Thank you for taking the time to respond to my post, the reason I asked you is that you seem to be extremely experienced and skillful. I love reading your posts, they are very entertaining.



tigertrader View Post
@budfox: no matter how you look at it, you have to learn before you earn. this pertains to any performance related endeavor. the structure of the learning process is of critical importance. most learning efforts fail because there are too few cycles of "performance-feedback-goal setting-corrective effort, for the time invested in the period of study, and no clear progression guiding the content of those cycles. there has to be a structured process of expertise development to guide one from the novice stage, to competency, and on to expertise, which includes market knowledge, mental and emotional preparation, methodology, and money management. and, it must be relevant to the current trading environment- not yesterday’s.

I am definitely willing to learn before I earn, the issue is what should I learn? What is the grade one material? the grade two material? There really is no structure to learning how to trade. I think a lot of the problem with novice traders is that they dont know where to turn for education of the markets, ie. should they learn ACD, market profile, etc.



Quoting 
even after +40 years trading professionally, i still seek to improve my trading, through the acquisition of market and trading knowledge, especially in the areas where i feel i am ignorant. i accomplish this by exposing myself to people that are even more experienced and more knowledgeable than myself, experts-in-the-field, if you will. at the same time, i continue to be a student of the markets and trading. it is no different than being a doctor, lawyer, or accountant; knowledge quickly becomes obsolete and must be kept up-to-date, so i strive to read all the topical and relevant material i can find.

I think its harder to become a trader than a doctor, or lawyer; If you want to become a doctor or lawyer you go to med/law school and they train you the skills to become a successful doctor/lawyer. There are highly experienced doctors/lawyers who can guide you.

There are no (or very few) credible (credible = not a scammer) formal academic instituitions that can effectively train traders. The only ones I can think of is Topsteptrader and Anton Kreil.

So this is the main issue I am having, knowing what are the next steps to improving as a trader. Learning how to trade from browsing google is informative, but not always effective.

Reply With Quote
The following 2 users say Thank You to budfox for this post:
 
  #188 (permalink)
Trading for Fun
Los Angeles, CA
 
Futures Experience: Beginner
Platform: ThinkorSwim
Favorite Futures: Softs
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received


Big Mike View Post
A good place to start would be to go back and look at all the advice you got begging you to not do what you were doing, but you chose to ignore.

Do not trade CL. Trade micro's only, limit yourself to 2 trades per day. Read this thread front to back:

https://futures.io/elite-circle/11125-ask-any-trading-question.html

Also watch these webinars on how to generate a trading plan you have confidence in:



https://futures.io/webinars/june11_2013/futurestrader71_statistical_analysis/

https://futures.io/webinars/mar7_2013/futurestrader71_trade_management_techniques/

https://futures.io/webinars/may30_2012/futurestrader71_review/

https://futures.io/webinars/mar22_2012/futurestrader71_risk_trading_probabilities/

Mike

I am currently in the middle of listening to the embedded webinar and it is fantastic. If the other ones linked below are it are only half as good...it will be an incredibly fruitful investment of my time.

Thank you for putting this together.

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)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

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 05:54 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 2017-12-11 in 0.16 seconds with 20 queries on phoenix via your IP 54.82.79.109