Hello Everybody! - Beginners and Introductions | futures.io
futures.io futures trading


Hello Everybody!
Started: by capitalistdog Views / Replies:188 / 10
Last Reply: Attachments:1

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:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • 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.


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, and we will never resell your private information.

-- Big Mike

Reply
 1  
 
Thread Tools Search this Thread
 

Hello Everybody!

  #1 (permalink)
Elite Member
Minneapolis
 
Futures Experience: Intermediate
Platform: TOS, NinjaTrader
Favorite Futures: Emini ES
 
Posts: 23 since Jan 2017
Thanks: 29 given, 17 received

Hello Everybody!

I am an investor turned trader. I was a pretty good investor. I am a pretty bad trader.

Sure I made money, but I lost even more. I kept throwing in the towel, only to come back and repeat the cycle.

My last venture back into the markets was the most educational. Not because I made money, but because it prompted me to do more research, to learn candlesticks, to do my own back-testing and attempt to come up with my own methods. I SIM traded several methods that I came up with. I tested with real money.

My conclusions were as follows:

1) I need to re-invent myself.

2) I need to stop trading, scrap everything that I think I know about trading, and start over from scratch.

3) I need to throw away the charts.

4) I need to face the fact that I may never be a skilled trader, but to keep that from happening...

5) I need to interact with other traders. Not mentors. Not salesmen. Traders.

That's that's why I am here.

Thanks for reading.

Reply With Quote
The following 3 users say Thank You to capitalistdog for this post:
 
  #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)
Trading Apprentice
Tampa florida usa
 
Futures Experience: Advanced
Platform: NT
Favorite Futures: CL
 
Posts: 10 since Jan 2017
Thanks: 0 given, 12 received


Hello,

Its funny my story is almost the opposite of yours. I started as a daytrader and I have become an investor also. Mostly realestate and renewable energy. Your story about trading sounds so familiar to me. I blew out an account or two myself. Maybe you will find this helpful. If I can do it anyone can. Its all about perseverance. Find a technique that many people have had success with. Avoid buying a secret technique or indicator. There are none. Its like most things in life, putting in the work makes it work. This forum will be a great asset for you but be careful of one thing. You need to find a methodology and perfect it. You cant jump from methodology to methodology even if they all work. It will set you back. I hope this helped. Reach out if you have questions.

Sent using the futures.io mobile app

Reply With Quote
The following 5 users say Thank You to Traderjohnsblog for this post:
 
  #4 (permalink)
Risk--->0 $--->∞
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader, TWS, FXCM's
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FXCM, IQFeed
Favorite Futures: ZF, ZN, ZB, ES, FX pairs
 
Blash's Avatar
 
Posts: 1,203 since Nov 2011
Thanks: 3,181 given, 1,624 received
Forum Reputation: Legendary


capitalistdog View Post
I am an investor turned trader. I was a pretty good investor. I am a pretty bad trader.

Sure I made money, but I lost even more. I kept throwing in the towel, only to come back and repeat the cycle.

My last venture back into the markets was the most educational. Not because I made money, but because it prompted me to do more research, to learn candlesticks, to do my own back-testing and attempt to come up with my own methods. I SIM traded several methods that I came up with. I tested with real money.

My conclusions were as follows:

1) I need to re-invent myself.

2) I need to stop trading, scrap everything that I think I know about trading, and start over from scratch.

3) I need to throw away the charts.

4) I need to face the fact that I may never be a skilled trader, but to keep that from happening...

5) I need to interact with other traders. Not mentors. Not salesmen. Traders.

That's that's why I am here.

Thanks for reading.

Glad you are here! You are in the right place to obtain your goals.....

There are natural advantages to many endeavors. Without the natural advantage the endeavor can still be done well it may just be a bit more difficult or require a unique twist on a skill set.

Glad to hear you were/are good at investing because one advantage to trading is account size (think height in NBA, short stature gymnastics). With a large account you can risk a reasonable amount, incur an expense (non-winning trade) many times and still be in business. Just saying this to frame the business.

From my way of thinking a great way to re-invent yourself is as follows...... Don't.

Just realize what you do in your normal everyday life can be applied to the markets and should be because it's the exact same-thing going on. With a few tweaks.

Say you purchase fuel for your vehicle. You have a good idea of the price you are willing to pay for it (value). Driving along to an appointment with a half tank of fuel and you see a sign advertising a price to good to pass up even though you risk being late for the appointment. In scenario 1 you say I'll stop there on the way back home. Scenario 2: you pull in and top off the tank. Scenario 1: as you drive back to the station after the appointment to fill up the tank the price is back up to "value" the price you usually pay.

Now just do this same exact thing in trading.... scenario 2....

Ron

We must be like the fountain or spring that is continually emptying itself of all that it has and is continually being refilled from an invisible source

Quoting 
The steed of this Valley is patience; without patience the wayfarer on this journey will reach nowhere and attain no goal.

Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following user says Thank You to Blash for this post:
 
  #5 (permalink)
Elite Member
Minneapolis
 
Futures Experience: Intermediate
Platform: TOS, NinjaTrader
Favorite Futures: Emini ES
 
Posts: 23 since Jan 2017
Thanks: 29 given, 17 received

Futures Edge on FIO
That is interesting! I have read a few stories about people who were employed as security analysts at investment banks but wanted to make money for themselves and so became floor traders. Your story is the opposite of that! (Please note that I am not a security analyst - I simply read some books on how to perform the analysis to determine the value of a security.)

I hear your advice, and I know it is sound. I learned it from the school of hard knocks.

Now, to implement the advice you have given me is the next step!

Reply With Quote
The following user says Thank You to capitalistdog for this post:
 
  #6 (permalink)
Risk--->0 $--->∞
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader, TWS, FXCM's
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FXCM, IQFeed
Favorite Futures: ZF, ZN, ZB, ES, FX pairs
 
Blash's Avatar
 
Posts: 1,203 since Nov 2011
Thanks: 3,181 given, 1,624 received
Forum Reputation: Legendary


capitalistdog View Post
That is interesting! I have read a few stories about people who were employed as security analysts at investment banks but wanted to make money for themselves and so became floor traders. Your story is the opposite of that! (Please note that I am not a security analyst - I simply read some books on how to perform the analysis to determine the value of a security.)

I hear your advice, and I know it is sound. I learned it from the school of hard knocks.

Now, to implement the advice you have given me is the next step!

Just need a chart and know how.....

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Ron

We must be like the fountain or spring that is continually emptying itself of all that it has and is continually being refilled from an invisible source

Quoting 
The steed of this Valley is patience; without patience the wayfarer on this journey will reach nowhere and attain no goal.

Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following user says Thank You to Blash for this post:
 
  #7 (permalink)
Elite Member
Minneapolis
 
Futures Experience: Intermediate
Platform: TOS, NinjaTrader
Favorite Futures: Emini ES
 
Posts: 23 since Jan 2017
Thanks: 29 given, 17 received


Blash View Post
Glad you are here! You are in the right place to obtain your goals.....

There are natural advantages to many endeavors. Without the natural advantage the endeavor can still be done well it may just be a bit more difficult or require a unique twist on a skill set.

Glad to hear you were/are good at investing because one advantage to trading is account size (think height in NBA, short stature gymnastics). With a large account you can risk a reasonable amount, incur an expense (non-winning trade) many times and still be in business. Just saying this to frame the business.

From my way of thinking a great way to re-invent yourself is as follows...... Don't.

Just realize what you do in your normal everyday life can be applied to the markets and should be because it's the exact same-thing going on. With a few tweaks.

Say you purchase fuel for your vehicle. You have a good idea of the price you are willing to pay for it (value). Driving along to an appointment with a half tank of fuel and you see a sign advertising a price to good to pass up even though you risk being late for the appointment. In scenario 1 you say I'll stop there on the way back home. Scenario 2: you pull in and top off the tank. Scenario 1: as you drive back to the station after the appointment to fill up the tank the price is back up to "value" the price you usually pay.

Now just do this same exact thing in trading.... scenario 2....

Ron

Scenario analysis....intriguing. Similar to opportunity cost with risk adjustment. And the skills/practice needed to implement them in a day-trading environment.

I like it!

Reply With Quote
The following user says Thank You to capitalistdog for this post:
 
  #8 (permalink)
Elite Member
Minneapolis
 
Futures Experience: Intermediate
Platform: TOS, NinjaTrader
Favorite Futures: Emini ES
 
Posts: 23 since Jan 2017
Thanks: 29 given, 17 received


Blash View Post
Just need a chart and know how.....

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Ron

Thanks Ron - for the time being, I am banning myself from using charts. I am currently learning how to read the DOM and I have been advised to stop looking at charts during this period as it will be too tempting to gravitate to my comfort zone and I won't learn the DOM like I feel I should. I am sure I will be interested in such analysis, but only once I have learned the DOM.

Reply With Quote
The following user says Thank You to capitalistdog for this post:
 
  #9 (permalink)
Risk--->0 $--->∞
Chicago, IL
 
Futures Experience: None
Platform: NinjaTrader, TWS, FXCM's
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FXCM, IQFeed
Favorite Futures: ZF, ZN, ZB, ES, FX pairs
 
Blash's Avatar
 
Posts: 1,203 since Nov 2011
Thanks: 3,181 given, 1,624 received
Forum Reputation: Legendary


capitalistdog View Post
Thanks Ron - for the time being, I am banning myself from using charts. I am currently learning how to read the DOM and I have been advised to stop looking at charts during this period as it will be too tempting to gravitate to my comfort zone and I won't learn the DOM like I feel I should. I am sure I will be interested in such analysis, but only once I have learned the DOM.



Sounds like a plan! Organic! You rock!

Ron


Sent from my iPhone using futures.io

We must be like the fountain or spring that is continually emptying itself of all that it has and is continually being refilled from an invisible source

Quoting 
The steed of this Valley is patience; without patience the wayfarer on this journey will reach nowhere and attain no goal.

Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following user says Thank You to Blash for this post:
 
  #10 (permalink)
Market Wizard
Saskatchewan
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: TST / Rithmic
Favorite Futures: CL
 
Posts: 840 since Apr 2014
Thanks: 2,168 given, 1,333 received
Forum Reputation: Legendary



capitalistdog View Post
I am an investor turned trader. I was a pretty good investor. I am a pretty bad trader.

Sure I made money, but I lost even more. I kept throwing in the towel, only to come back and repeat the cycle.

My last venture back into the markets was the most educational. Not because I made money, but because it prompted me to do more research, to learn candlesticks, to do my own back-testing and attempt to come up with my own methods. I SIM traded several methods that I came up with. I tested with real money.

My conclusions were as follows:

1) I need to re-invent myself.

2) I need to stop trading, scrap everything that I think I know about trading, and start over from scratch.

3) I need to throw away the charts.

4) I need to face the fact that I may never be a skilled trader, but to keep that from happening...

5) I need to interact with other traders. Not mentors. Not salesmen. Traders.

That's that's why I am here.

Thanks for reading.

Well you came to the right place, welcome.

Reply With Quote
The following 2 users say Thank You to DRock306 for this post:

Reply



futures.io > > > > Hello Everybody!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

An Afternoon with FIO member Massive l

Elite only
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     


All times are GMT -4. The time now is 04:56 AM.

no new posts
Page generated 2017-01-19 in 0.17 seconds with 19 queries on phoenix via your IP 54.161.200.170