Guest Post: Performance Anxiety - News and Current Events | futures io social day trading
futures io futures trading


Guest Post: Performance Anxiety
Updated: Views / Replies:880 / 0
Created: by Quick Summary 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
 

Guest Post: Performance Anxiety

  #1 (permalink)
Quick Summary
Guest Post: Performance Anxiety

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

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


Submitted by South of Wall Street

Performance Anxiety - Thanks Cramer

Performance anxiety can, whether you're honest about it or not, cloud your decisions in this market. Do you cave to the relative performance derby in order to retain investors? Its a real issue if you've been on the wrong side of this market or any side for that matter. The volatility has made investors punch drunk. I'm talking about customers that say flat out: "If you don't get more invested, I'm pulling my account". How quickly they forget that 2 weeks ago they were of the opposite mindset.

Let me share my story - as I'm sure there are a million like it. I've been receiving daily calls from an investor for the last 3 months (yes, I should have already fired him). We've been in 70% cash, which two months ago - in his words - enabled him to sleep at night. Now he can't sleep and is constantly hyperventilating at all the money he is "losing" by being under-invested. Cramer put him over the edge last night, with something to this effect regarding money managers:
Publicly, they’ll stick to their guns and spin negative tales. But privately, they will be forced to buy because they’re so far behind in the market that their investors will demand their money back unless they change direction.

The investor called today to say that we had until the end of the day to be fully invested in his separate account. After hanging up - there I was: make the decision about whether to retain the assets or go against my better judgment and professional opinion. What's on the line ? Pride & Fidicuary duty vs. annual management fees.

Congratulations Cramer. The average investor is listening to you and is about to take it on the chin once again. Those of us in the real world, who prudently manage other people's money, don't change our stance daily (sometimes intraday) like you do in your nightly poison spew. We get paid to take a stance and be right more often than wrong... but most importantly...not lose money. You get paid to sing and dance, and investors get hurt by your cowboy bullshit.

What am I going to do about the investor?

I'm liquidating his account and sending him this book by Howard Marks with a note that says, "You should read this. Good luck."

Now I'm no saint. I'm just another guy, in the most overpaid industry in the world, trying to make a buck. If this investor was more than 10% of AUM, I'd be forced to reconsider. And if we had 20 investors with similar demands it would be a difficult call. That's the truth and that's reality.

The point is: please don't listen to Cramer - he really is an idiot.

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


More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply



futures io > > > > Guest Post: Performance Anxiety

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
La. Business Owners Sue Over New Rules for Guest Workers kbit News and Current Events 0 September 12th, 2011 11:49 PM
Guest Commentary: Five Trading Don’ts and What To Do about Them kbit Traders Hideout 2 June 2nd, 2011 10:16 PM
Evaluating Performance Slipknot511 Psychology and Money Management 3 April 6th, 2011 12:37 PM
Mortgage Rate Anxiety: Where Is the 30-Year Headed Next? Quick Summary News and Current Events 1 November 19th, 2010 09:14 PM
Account Performance alpine4133 NinjaTrader 2 September 12th, 2009 01:59 PM


All times are GMT -4. The time now is 05:52 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 2017-12-17 in 0.07 seconds with 19 queries on phoenix via your IP 54.163.210.170