Is trading a legitimate career? - Beginners and Introductions | futures io social day trading
futures io futures trading

Is trading a legitimate career?
Updated: Views / Replies:396 / 3
Created: by zenplus 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 100,000 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

Thread Tools Search this Thread

Is trading a legitimate career?

  #1 (permalink)
Trading Apprentice
Trading Experience: None
Platform: MetaTrader
Favorite Futures: Currency Futures
Posts: 1 since Jul 2018
Thanks: 0 given, 0 received

Is trading a legitimate career?

First post and I wanted to know this immediately

In college, I browsed the other trading forum (start with an e). I found it very interesting but the more I read the more I got discouraged.

It seemed there were very few long term traders posting on the forum.

Lots of people were like "I made losses for 2 years and I've been profitable for the past 3 months, now it's my career". Pretty sure those guys blew up after 3 months

The few strategies that were profitable seemed to fall in and out of making money. Lots of strategies work during bull markets do not work during bears. Market changes rythym a lot.

Now if you take 1000 newbies starting out, by sheer luck some will make a decent amount of money. But in the long run, it's the brokers that win.

What do you think?

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)
Market Wizard
Houston, TX
Trading Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
Posts: 2,679 since Dec 2013
Thanks: 2,148 given, 4,656 received
Forum Reputation: Legendary

Greetings @zenplus and welcome to

Unlike that other forum which seems to encouraging troll and mud slinging you will find that there are a lot people here prepared to help you, if your prepared to help yourself.

I personally have been trading full time for almost 30 years, the last third of that for myself. So to answer the question "Is trading a legitimate career?" is very firmly Yes!. There are many hedge funds, proprietary trading firms and high frequency traders out there whose long term track records would support that as well.

But as you point out yourself, it's a very difficult to be successful and the failure rate is extremely high. I think it is highly unlikely that a new trader finds a 'strategy' and quickly is profitable. It's also true that in the long run the exchanges and brokers do win, but that doesn't mean no traders win also. Should also be pointed out that the traders that I know, that have been successful over the long term, are some of the hardest working people I know - the laptop on the beach dream is in my opinion definitely not legitimate.

Reply With Quote
The following 13 users say Thank You to SMCJB for this post:
  #4 (permalink)
Trading Apprentice
Lubbock, Texas/USA
Trading Experience: Master
Platform: Generic Trader
Favorite Futures: Emini
Posts: 46 since May 2018
Thanks: 1 given, 36 received

My first question for you is: What do you mean by "career"? Do you mean trading strictly for yourself or becoming a CTA and trading for others? Those are two very different things. I was registered as a CTA in August, 1984 and I let my registration expire in November, 1998. I have recently come out of retirement on a very limited basis and trade for a very select few accounts under exemption from registration. Speaking for myself, it is much easier to trade successfully for others than to trade for myself. How can that be? The biggest difference is the consequences of trading. Trading for yourself, a loss comes out of your pocket. Trading for others, the loss just has to be made back before you can charge an incentive fee. That is not to say that I don't care about losing someone else's money. I do. But if I tell someone that I am going to manage their account using a certain system or plan, I am obligated to do as I say, come hell or high water. That obligation gives me the freedom to make trades that, emotionally, look to be sure losers. Those trades are often my best and quickest winners. I can say with absolute certainty that my system is better at picking trades than my emotions.

The answer to your question lies with you. How is your temperament? In your personal life, do you have a hard time admitting when you are wrong? Every time you take a loss, you are admitting you were wrong. If you have a hard time admitting you were wrong, you are going to be hesitant to use stops, especially after having your stops hit a few times and then having the market turn back around and going the direction of your original trade. It's foolish to trade without stops.

But when you are confident that you right, is it hard for you stick to your guns? First you've got to do your research. Be thorough enough to be completely confident in the system you use. Then you've got to realize that no system is perfect. You are going to have drawdowns. How big a drawdown can you take? Not just financially, but also emotionally. No system is perfect. When I do my research, I usually use several years of data. Of course, I look for profitability. But I pay special attention to drawdowns and number of consecutive losses. Always assume that the biggest drawdown will be exceeded sooner or later. Most consecutive losses too. After 5 or 6 losers in a row, how hard will it be to place your next order? It will be easier if you have total confidence in your research.

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


futures io > > > > Is trading a legitimate career?

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!


3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21

The Driving Force Behind the Market w/Earn2Trade

Mar 5

TBA w/Stage5 & iSystems

Mar 12

TBA w/John Grady @ No BS Day Trading

Mar 19

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26

Similar Threads
Thread Thread Starter Forum Replies Last Post
Is School of Trade legitimate? ( Aragorn Trading Reviews and Vendors 265 November 29th, 2017 11:08 PM
Is investimonials a good site for legitimate reviews? kburks Trading Reviews and Vendors 3 December 7th, 2014 06:14 AM
Webinar: MWinfrey's Lessons Learned, Trading Career Recap Big Mike The Elite Circle 41 June 8th, 2013 03:25 PM
Trading a career killer? ctmvas Psychology and Money Management 5 May 28th, 2013 05:12 PM
Help me choose my career path while keeping trading too , thanks seawinde Traders Hideout 21 March 4th, 2013 11:50 AM

brokers, data, drawdowns, futures, information, long term, profitable, proprietary trading, research, strategies, strategy, support, trading

All times are GMT -4. The time now is 11:02 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business,
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 2019-02-21 in 0.18 seconds with 14 queries on phoenix