where to find the path? - Emini Index Futures Trading | futures io social day trading
futures io futures trading


where to find the path?
Updated: Views / Replies:1,902 / 19
Created: by Sony108 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 – 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
 
Thread Tools Search this Thread
 

where to find the path?

  #11 (permalink)
TonyL
Clifton, NJ/USA
 
Futures Experience: Advanced
Platform: TradeStation, NinjaTrader
Broker/Data: TradeStation, NinjaTraderBrokerage, CQG, IQ-DTN
Favorite Futures: ES, NQ, YM, TF, CL, GC, ZB, IWM, FXE, SPY, UVXY, USO, TLT, TBT, QQQ, GLD, JNK
 
tlopez51's Avatar
 
Posts: 57 since Aug 2013
Thanks: 3 given, 48 received


Sony108 View Post
I wonder how to start the right way?

I've heard many answers such as .. You have to make your own experience , you have to study hard , you have to attend many webinars , conferences , courses, and you have to build your own strategy does not help the winning system of another trader ... etc, etc, etc, etc. .

Mmm, I do not believe that .. I think the most accurate way is to find a system that works and make it work the right way system , I do not seek the Holy grail but if I seek the Holy Man ... one who knows the way , who can be a guide because he knows these roads .. one profitable trader ...

But .. Where do I find them? Where to find that person and he want to share and teach his trading methodology ? If more than 80 % of traders are losers... And most questions where to turn when you get the same answers and perhaps many of them have failed to be successful ...
Yeah, I know , it's the looking of all newbie.. I have not lost hope .. be profitable is a long way from waste of time, money and energy .. yet few very few of us make it, among the thousands .. after following all the advice ..

I do not know if this post is a reflection or a hope that the Christmas miracle happens ..
Where to turn? where to study? Which trading academy ?


There is a Holy Man here?


Merry Christmas to all!!

Sony108


Look no further. Do yourself a favor and sign up.

https://www.tastytrade.com/tt/

Reply With Quote
The following user says Thank You to tlopez51 for this post:
 
  #12 (permalink)
Elite Member
madrid spain
 
Futures Experience: Beginner
Platform: nt
Favorite Futures: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

consejo

loco es muy simple, compra bajo y vende alto
o vende alto y compra bajo

como? mira un gráfico y date cuenta solo

atención :eso es muy difícil de hacerlo en forma consistente a largo plazo

donde esta la clave? en vos, adentro tuyo
maradona, messi ....

1)pensá muy bien para que querés hacer esto? tendrás que poner toda la carne en el asador para lograrlo, si te dicen que tardarás en lograrlo x años, que valor de x no aceptarás?

2)la única manera de no cometer los mismos errores que los demás es tratar de aprender de la experiencia ajena
si miras como un coche atropella a alguien tal vez veas que hay peligro en cruzar la calle, lee los journals de la gente de aca

lamentablemente me temo, que como todos los demas, vas a decir, dejame a mi que yo lo voy a sacar.

lee durante 6 meses estos threads de bm y despues decidi si vale la pena
empeza por aquí
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice.html#post17415


es como la sirena que atraia a los hombres al fondo del mar

y una ultima cosa

nuestro cerebro y nuestros instintos No estan preparados para el trading exitoso, todo lo contrario

así que luchar en contra de los instintos puede ser casi imposible...

cómo te va a vos en bajar de peso?¿ dejar de fumar?, hacer lo correcto? ser buena persona?

y a eso sumale que en argentina nos han educado para ser muy individualistas y sálvese quien pueda,

primer paso ,es que seas una persona lo mas limpia y pura y sin fantasmas en la cabeza, trabaja eso primero

y luego recién arriesga 1 peso

alejo

mas claves/more keys:
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice-41.html#post35120
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice-39.html#post32602
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice-41.html#post34388
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice-37.html#post31454

english version

man it is simple, buy low and sell high
or sell high and buy low

how? watch a chart and find it yourself

atention :this is very difficult to do it in a consistency way for long term

where is the key?inside you
maradona, messi ....

1)thing very well why do you want to do this? y must to do almost everything to get it, if somebody tell you that you neex X yeras to get it, what value of X do you not accept it?

2)the only way to no repeat the same mistakes that others is try to learn form the others experiencies
if you see a person get dead for a car maybe you learn that it is a dangerous to cross the street

read the journals from people here

i ma afraid ,as everyone else did, you tell, let me , i can and i will get it

read for 6 month the threads from bmt and after that , decide if it have value to go for it

start for here
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice.html#post17415


this is like the siren´s songs that attract men to the depp sea

one last thing

our brain and our insticts are NOT prepared for a sucesful trading, all the opposite
then , fight against our instincts could be almost imposible

how do you manage lower weight?stop smoking?doing the right thing?be a good person?

on top of that, in argentine we have received an individualist education and save yourself if you can

firts step, is that you need to be a good person, as cleanest and pure as possible, without ghosts in the heads, work that first

and then, risk $1 peso

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself

Last edited by alejo; December 23rd, 2013 at 03:59 PM. Reason: translate
Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
  #13 (permalink)
Elite Member
Buenos Aires / Argentina
 
Futures Experience: Intermediate
Platform: Tradestation
Favorite Futures: YM
 
Posts: 15 since Oct 2013
Thanks: 46 given, 14 received


Gracias Alejo por tus consejos! despues de estos dias estoy empezando a leer y ver toda esta info que hay.. muchisima.. gracias!




alejo View Post
loco es muy simple, compra bajo y vende alto
o vende alto y compra bajo

como? mira un gráfico y date cuenta solo

atención :eso es muy difícil de hacerlo en forma consistente a largo plazo

donde esta la clave? en vos, adentro tuyo
maradona, messi ....

1)pensá muy bien para que querés hacer esto? tendrás que poner toda la carne en el asador para lograrlo, si te dicen que tardarás en lograrlo x años, que valor de x no aceptarás?

2)la única manera de no cometer los mismos errores que los demás es tratar de aprender de la experiencia ajena
si miras como un coche atropella a alguien tal vez veas que hay peligro en cruzar la calle, lee los journals de la gente de aca

lamentablemente me temo, que como todos los demas, vas a decir, dejame a mi que yo lo voy a sacar.

lee durante 6 meses estos threads de bm y despues decidi si vale la pena
empeza por aquí
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice.html#post17415


es como la sirena que atraia a los hombres al fondo del mar

y una ultima cosa

nuestro cerebro y nuestros instintos No estan preparados para el trading exitoso, todo lo contrario

así que luchar en contra de los instintos puede ser casi imposible...

cómo te va a vos en bajar de peso?¿ dejar de fumar?, hacer lo correcto? ser buena persona?

y a eso sumale que en argentina nos han educado para ser muy individualistas y sálvese quien pueda,

primer paso ,es que seas una persona lo mas limpia y pura y sin fantasmas en la cabeza, trabaja eso primero

y luego recién arriesga 1 peso

alejo

mas claves/more keys:
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice-41.html#post35120
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice-39.html#post32602
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice-41.html#post34388
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice-37.html#post31454

english version

man it is simple, buy low and sell high
or sell high and buy low

how? watch a chart and find it yourself

atention :this is very difficult to do it in a consistency way for long term

where is the key?inside you
maradona, messi ....

1)thing very well why do you want to do this? y must to do almost everything to get it, if somebody tell you that you neex X yeras to get it, what value of X do you not accept it?

2)the only way to no repeat the same mistakes that others is try to learn form the others experiencies
if you see a person get dead for a car maybe you learn that it is a dangerous to cross the street

read the journals from people here

i ma afraid ,as everyone else did, you tell, let me , i can and i will get it

read for 6 month the threads from bmt and after that , decide if it have value to go for it

start for here
https://futures.io/psychology-money-management/1415-big-mike-s-day-trading-method-advice.html#post17415


this is like the siren´s songs that attract men to the depp sea

one last thing

our brain and our insticts are NOT prepared for a sucesful trading, all the opposite
then , fight against our instincts could be almost imposible

how do you manage lower weight?stop smoking?doing the right thing?be a good person?

on top of that, in argentine we have received an individualist education and save yourself if you can

firts step, is that you need to be a good person, as cleanest and pure as possible, without ghosts in the heads, work that first

and then, risk $1 peso


Reply With Quote
The following user says Thank You to Sony108 for this post:
 
  #14 (permalink)
Elite Member
Edmonton, Alberta
 
Futures Experience: Advanced
Platform: IB
Favorite Futures: nq
 
Posts: 55 since Jan 2012
Thanks: 27 given, 57 received


tlopez51 View Post
Look no further. Do yourself a favor and sign up.

https://www.tastytrade.com/tt/

I love Tastytrade too, but you would have to be a fool to trade like Tom Sosnoff, especially with respect to futures. He is still short some ES that he started selling in the 1600's and has added more to raise his average sale price to around 1720. A normal trader, who is not worth hundreds of millions like Tom, can not trade this way.

Furthermore, he has mentored his daughter for a year and she is only break-even. Tom takes contrarian investing too ridiculous extremes. (In fact, every mentoring segment on Tastytrade has ended in failure so far - Amanda, the two 22 year olds, X-trader, etc..)

Tastytrade is great entertainment and you will learn a lot about options, but Tom and Tony are not great traders. They have recently outlined some good strategies, like the Big Dawg Butterflies, that they have begun to trade. These are excellent. But Dan Sheridan, and others, have been doing this type of trade for 10 years.

A newer option trader would be better off finding a couple of Dan Sheridan free videos on the CBOE website and implementing one of his strategies on one index or ETF and learn how to trade it, every month or every week.


Last edited by gfmatt; January 1st, 2014 at 11:51 PM. Reason: missing data
Reply With Quote
The following 2 users say Thank You to gfmatt for this post:
 
  #15 (permalink)
TonyL
Clifton, NJ/USA
 
Futures Experience: Advanced
Platform: TradeStation, NinjaTrader
Broker/Data: TradeStation, NinjaTraderBrokerage, CQG, IQ-DTN
Favorite Futures: ES, NQ, YM, TF, CL, GC, ZB, IWM, FXE, SPY, UVXY, USO, TLT, TBT, QQQ, GLD, JNK
 
tlopez51's Avatar
 
Posts: 57 since Aug 2013
Thanks: 3 given, 48 received


gfmatt View Post
I love Tastytrade too, but you would have to be a fool to trade like Tom Sosnoff, especially with respect to futures. He is still short some ES that he started selling in the 1600's and has added more to raise his average sale price to around 1720. A normal trader, who is not worth hundreds of millions like Tom, can not trade this way.

Furthermore, he has mentored his daughter for a year and she is only break-even. Tom takes contrarian investing too ridiculous extremes. (In fact, every mentoring segment on Tastytrade has ended in failure so far - Amanda, the two 22 year olds, X-trader, etc..)

Tastytrade is great entertainment and you will learn a lot about options, but Tom and Tony are not great traders. They have recently outlined some good strategies, like the Big Dawg Butterflies, that they have begun to trade. These are excellent. But Dan Sheridan, and others, have been doing this type of trade for 10 years.

A newer option trader would be better off finding a couple of Dan Sheridan free videos on the CBOE website and implementing one of his strategies on one index or ETF and learn how to trade it, every month or every week.

I am aware Tom is much the bearish trader and takes contrarian investing to extremes. But he has much the staying power unlike many of us traders when it comes to trading the futures not just 'cause of his net worth but because he hedges his loosing positions. I recall he had mentioned he'd covered much if not all of his 1600 ES positions and like the contrarian he is, continues to bet the market will go down. Though I am not in total disagreement that Tom's trading style is for everyone however, I do have to point out neither Tom nor Tony have ever suggested anyone should mirror them for what they do.

Then again I must confess I haven't been as much of an avid listener of the tastytrade show as I used to be being only because I feel I've outgrown the information on trading options from tastytrade. For futures, which is what I trade mostly these days, I follow the Shadowtrader with Brad and Peter. It's yet another prespective and style of trading. As a side note, before I ever got turned on to tastytrade I too was a big fan of Tom Sheridan. He's very big on trading big ratio butterflies and such but I just take more to trading condors and vertical spreads and jadelizards (Liz & Jenny) when it comes to options.

Tom and Tony may not be the greatest traders but they sure helped turn my P&L around from a negative to a nice positive in a span of two trading seasons. All I am saying is that you just have to keep an open mind and take with you what works for you. All these shows and mentors have their pros and cons. I think tastytrade is a great starter for any novice trader even though, Tom's daughter and Amanda and other novice segments of the tatrytrade show haven't quite been the success story that other segments have turned to be.

I'm all for free videos and mentoring and such but it's limited stuff. I started that way too! It's all meant to rope you in for many $$$. As a matter of fact, if freebies were meant to be that much informative, no mentor could turn to profit.

Reply With Quote
The following 2 users say Thank You to tlopez51 for this post:
 
  #16 (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, 3,621 received


Sony108 View Post
I wonder how to start the right way?

I've heard many answers such as .. You have to make your own experience , you have to study hard , you have to attend many webinars , conferences , courses, and you have to build your own strategy does not help the winning system of another trader ... etc, etc, etc, etc. .

Mmm, I do not believe that .. I think the most accurate way is to find a system that works and make it work the right way system , I do not seek the Holy grail but if I seek the Holy Man ... one who knows the way , who can be a guide because he knows these roads .. one profitable trader ...

But .. Where do I find them? Where to find that person and he want to share and teach his trading methodology ? If more than 80 % of traders are losers... And most questions where to turn when you get the same answers and perhaps many of them have failed to be successful ...
Yeah, I know , it's the looking of all newbie.. I have not lost hope .. be profitable is a long way from waste of time, money and energy .. yet few very few of us make it, among the thousands .. after following all the advice ..

I do not know if this post is a reflection or a hope that the Christmas miracle happens ..
Where to turn? where to study? Which trading academy ?


There is a Holy Man here?


Merry Christmas to all!!

Sony108

You are the holy man. Only you can design your destiny. You only need to make one choice and that is - Are you willing to give 100% of yourself to understanding the markets? If so, then inevitably everything will fall into place naturally given time.

Reply With Quote
The following 2 users say Thank You to Itchymoku for this post:
 
  #17 (permalink)
Elite Member
Edmonton, Alberta
 
Futures Experience: Advanced
Platform: IB
Favorite Futures: nq
 
Posts: 55 since Jan 2012
Thanks: 27 given, 57 received


tlopez51 View Post
I'm all for free videos and mentoring and such but it's limited stuff. I started that way too! It's all meant to rope you in for many $$$. As a matter of fact, if freebies were meant to be that much informative, no mentor could turn to profit.

There is enough good info in the free videos to develop a reasonable trading plan without paying for mentoring. I don't use Sheridan Mentoring, I've only looked at his free videos.

I like the Shadow traders too.

Tom is currently short ES from the low 1700s. Taking hundreds of points in heat in futures is ridiculous. Hoping it will come back is not a trading plan.

Don't get me wrong, I love the entertainment of Tastytrade and they do have some good educational content. I've been watching everyday since they started. I just don't think they are good mentors. None of their mentoring students have been profitable yet. That is a fact.

Reply With Quote
The following 2 users say Thank You to gfmatt for this post:
 
  #18 (permalink)
TonyL
Clifton, NJ/USA
 
Futures Experience: Advanced
Platform: TradeStation, NinjaTrader
Broker/Data: TradeStation, NinjaTraderBrokerage, CQG, IQ-DTN
Favorite Futures: ES, NQ, YM, TF, CL, GC, ZB, IWM, FXE, SPY, UVXY, USO, TLT, TBT, QQQ, GLD, JNK
 
tlopez51's Avatar
 
Posts: 57 since Aug 2013
Thanks: 3 given, 48 received


gfmatt View Post
There is enough good info in the free videos to develop a reasonable trading plan without paying for mentoring. I don't use Sheridan Mentoring, I've only looked at his free videos.

Yeap that's true and quite agree but not so certain every novice trader will be able to conclude the same at first. I know that for me no matter how good the videos were they always left many unanswered questions. That's how one can easily begin to get into trouble.

I know tastytrade is not the all be all but Tom's strategy that the ES is toppy and seeing 1700 again is not too far fetched. Many are predicting we'll likely see 1500 before we get to 1900. Don't get me wrong but as for me I am more bullish than bearish but the highly cautious bull and just the same hedged short on the market just a few points below where we are at.

Also, a while back the tastytrade show had a segment where they would mentor Chicago's finest. If you recall, the cops weren't that shabby and often would do quite well. Not sure why that was but then much harder for the Amanda's to do as well. Perhaps they need to bring back the "Trading with Cops" segment.

Reply With Quote
The following user says Thank You to tlopez51 for this post:
 
  #19 (permalink)
 Vendor: www.risksurfer.com 
London UK
 
Futures Experience: Advanced
Platform: MarketDelta, X Trader
Favorite Futures: Bund
 
Posts: 5 since Jan 2014
Thanks: 0 given, 2 received

I think a Holy man may accelerate your learning process but not turn you into a profitable trader through instruction alone.

It's a cliche now but I really feel trading is more of a sport or an art then a scientific endeavor. You can teach someone the rules of a game, but you can't teach them how to be good at it. Nor can you be taught to be a great artist, no matter how many books you read or seminars you attend

Reply With Quote
The following user says Thank You to Risk Surfer for this post:
 
  #20 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, YM
 
Posts: 47 since Jan 2011
Thanks: 1 given, 72 received



PandaWarrior View Post

You may consider trading using multi day strategies as opposed to day trading. You'll probably last longer. .

I disagree. The problem with position trading is that you don't get a lot of looks at the ball. The other stuff you said was good, though.

I am going to come back to this and write you up a little guide. Basically you are going to need structured practice that creates a feedback loop of improvement along with monitoring your metrics. If you come at this from a mystical perspective you will fail.

Reply With Quote
The following user says Thank You to ValueFocused for this post:

Reply



futures io > > > > where to find the path?

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
The Path to Consistency without Hesitancy teamtc247 Elite Trading Journals 329 July 30th, 2014 12:48 AM
How do you know you're on the right path? Am I? treydog999 Psychology and Money Management 26 January 12th, 2014 12:48 AM
My path of trading full-time LJYY Trading Journals 24 December 14th, 2012 09:37 PM
Windows 8 Upgrade Path tderrick Tech Support 2 November 5th, 2012 09:18 PM
My path of becoming a trader kingich Trading Journals 102 May 2nd, 2012 10:07 AM


All times are GMT -4. The time now is 03:23 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 2017-12-14 in 0.19 seconds with 19 queries on phoenix via your IP 54.145.16.43