Gary's Place - Off-Topic | futures io social day trading
futures io futures trading


Gary's Place
Updated: Views / Replies:17,773 / 222
Created: by GaryD Attachments:60

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
 60  
 
Thread Tools Search this Thread
 

Gary's Place

  #1 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

Gary's Place

Having journaled for so long, I have become addicted to expressing my thoughts online. It is cleansing, clairvoyant, thought-provoking, a vehicle for expanding understanding.

I am no longer interested in talking about a specific trade. Or even, trading-specific issues. But there are many things in our minds that enter our trading but have no boundaries, and focusing on those things can have exponential benefits. The most shifting experience of my life has been the pursuit of trading for a living. This is a place for those types of thoughts.

I have also found a group of similarly-minded traders by posting for so long, and I would miss the interaction with them if I were to quit posting altogether. I have learned from many, shared with many, grown attached even to some. I am wanting a place to continue that open conversation, dare I refer to it as trader intimacy.

I have also met a very few traders who have completely blown out of the water what I believed was possible, from what I can guess as purely odds of acquaintance x number of posts x depth of reality. Like chumming for sharks, if you put out the scent they will eventually find the bait. Let this be a trail of fresh blood...

So, I am starting this new thread, completely fresh and detached from anything resembling a journal, but still in an environment where I hope to attract traders, share thoughts, struggles, observations and epiphanies. Appreciate each other as the rare individuals that we are.

So I'll start with, "Hi my name is Gary, and I am a Trader."

While that sounds like the opening of a ______ Anonymous meeting, there is a very distinct difference. It has taken me a long time, but today I say it with pride and acceptance. I have been to the edge of insanity and back to clarity. To the point of destruction and back to truly living.

Thanks to all of those who have shared the journey. I would not have made it without you.


Now, let the party begin!

Reply With Quote
The following 11 users say Thank You to GaryD for this post:
 
  #2 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,129 since Feb 2012
Thanks: 3,780 given, 7,657 received
Forum Reputation: Legendary


GaryD View Post
..

So I'll start with, "Hi my name is Gary, and I am a Trader."

Now, let the party begin!

Hi @GaryD Trader

A german wording says "Die alte Katze lässt das Mausen nicht"
which translates "The old cat never stops catching mice"

This thread sounds like a nice place on a sunny day under big trees
with great view over the sea...

Have a bold journey!
GFIs1
who has not even seen ONE indicator in the tags

Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
  #3 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received



GFIs1 View Post
Hi @GaryD Trader

A german wording says "Die alte Katze lässt das Mausen nicht"
which translates "The old cat never stops catching mice"

This thread sounds like a nice place on a sunny day under big trees
with great view over the sea...

Have a bold journey!
GFIs1
who has not even seen ONE indicator in the tags


But, I did get "insanity".

Reply With Quote
The following 3 users say Thank You to GaryD for this post:
 
  #4 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

“When you’re one step ahead of the crowd you’re a genius. When you’re two steps ahead, you’re a crackpot.”

—Rabbi Shlomo Riskin, Lincoln Square Synagogue, Feb 1998, cited in Arizona Jewish Post, 18 Sept 1998, B10

Read tonight at Zero Hedge Financial Sense And Nonsense | Zero Hedge


I noticed my other two threads were also tagged "insanity". I would think something had gone wrong with me if they weren't, but this one was very fast. Must have a reputation already.


My trades lately have been from the mindset of being like a surgeon, as a friend advised me recently. make your cuts, leave the operating suite.

I bought crude Tuesday and today, tried calling them in the chatbox since I had not done that yet, but the thrill is already lukewarm for that.

Knowing what I want to see happen has been the most elusive part of trading, as we learn new things, then go about referring to those references as our trading progresses, never really knowing if those are the right things to watch, whether the signals are being interpreted correctly, etc. As a self-taught trader, there are millions of combinations of things we could choose to put together our personal way of approaching the market, like trying to crack the most secure code in the world.

I have found a place that feels right for me. I know without a doubt that even if something does not work this time, it works most times, not because it is a pretty indicator, or I read it, or I backtested it. I have lived it long enough. And as that realization continues to solidify I find myself very calm, knowing for sure when I will get into a trade. I did one for fun yesterday in chat, and typed "shhhh", as that was the whisper part. I get very quiet and still and focused in the few minutes or seconds before an entry. But when I am in, I know that I did everything I know to do. I know that I have seen this type of trade play out hundreds of times before. I know if I am wrong, it was still a very good trade.

And, I am trading a few of the 6s now. Currently short the 6J, sold the 6A on Sunday night, covered at end of NY session. Watching 6S tonight. may sell CL in the London session. Winding down my other work.

Edit: 2nd TGT hit in 6J. Very cool to have something to trade in the evening.


Last edited by GaryD; July 31st, 2013 at 11:34 PM.
Reply With Quote
The following 3 users say Thank You to GaryD for this post:
 
  #5 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

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



They nap together a lot. I am so proud of Piper, 6 year old pit with a lot of fear issues, has been so sweet and accepting of the new baby.

Reply With Quote
The following 8 users say Thank You to GaryD for this post:
 
  #6 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

I started trading from a very vulnerable psychological position. That caused me to focus on making money over taking care of myself and enjoying life. My move to where I am today included dropping an outer shell that was not allowed to fail, finding humor in as many things as I could, finding respect for myself and who I am today.

I went through times where nothing mattered except for learning to trade. When the outcome of my trading had an enormous effect on my feeling of self-worth at the end of the day, or of the week. Where I would completely exhaust myself to watch the market. My happiness, my health, did not come into consideration in my "core" motivation (the one that exists behind the scenes).

I did not trade to take care of myself, I traded at the expense of myself, with profits being the greater goal.

It took a lot of self-study to see that. It is a characteristic that many have and never get beyond.

I have always known that true change requires a catalyst, but have always thought of that in terms of something sudden and forceful. This particular catalyst was slow and timid and needed to be nurtured. Another reason for my joking about whispering. Soft motions, careful awareness.


Last edited by GaryD; August 2nd, 2013 at 12:15 AM. Reason: typos
Reply With Quote
The following 6 users say Thank You to GaryD for this post:
 
  #7 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

I have added three markets to my mix, but only trade them at night, and use a completely different trading style to do it. I am leaning towards adding Forex to my data, but for now trading the Australian Dollar (6A), the Japanese Yen (6J) and the Swiss Franc (6S). I just started that side venture this week, but beginner's luck has me currently at 3 wins 0 losses, with one trade in each currency.

It is not for the money, it is another move to see the markets in a different way. I met another trader who has been very helpful in giving me a quick understanding of how currencies work, and the newness of it all feels beneficial as an overall shift in interpretation of movement.

I changed the colors, the indicators, went to a black background. The whole thing is very technicolor. I added a 4th dedicated monitor so I can watch each new market on it's own screen while not losing my awareness of crude oil. I do like having options, that is something I had abandoned. I also enjoy being able to be choosy.

Tonight I traded the Yen again, decided to pass on crude. But watching now for a 5WM completion around 109.75-110. I would prefer to short that, contingent on what happens at that moment, than trade tonight in what could be it's final approach.

I read an interesting article in Zero Hedge about how crude could move higher for reasons related to a different view of demand/supply. If that is correct, the minimum W5 target could be nothing more than a moment in time.

I bought crude today in the afternoon pullback, then got bored with it and took a shower instead. It did move higher into the close, but I had endured enough screen time for the day and had little patience for consolidation. As my read of the open improves I find myself becoming addicted to fast directional moves, exit at a reasonable target, and find something else to do. "Operating Suite" mentality is taking over without my prompting. I have probably watched screens for more hours combined than I have had sex, and that is just sad. Trading should be more like a quickie, then on to something else. But it seems to have some seductive quality that one can stare at it for hours and not get bored.

Reply With Quote
The following 2 users say Thank You to GaryD for this post:
 
  #8 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

"To avoid whipsaw losses, stop trading." - Ed Seykota


I bought CL today around what appeared to be the bottom, was up around 80+ ticks (on the day, not that trade), it pulled back, I added, then came back and tested the low for the 3rd time.... I was flat at +20 something...

But, my reason for going long still existed, I had been "washed out", and gave one more shot once it pulled back into ETH value, bought 106.75, full exit 107.26.

Great week, going to be an incredible year. Mostly because I bought a new lock for my mountain bike so I can ride it to the gym.


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


Last edited by GaryD; August 2nd, 2013 at 01:39 PM. Reason: clarify
Reply With Quote
The following user says Thank You to GaryD for this post:
 
  #9 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received

Ohhh, big aha moment in futures.io (formerly BMT). The "tags" came from things I said. I never paid much attention until now. So, my tags of insanity are self-inflicted? Hmmm. Something to think about. It does accurately describe a part of the trading psychology mix. If most traders lose money, but most still think they will win, doesn't even the start of a trading venture include some degree of it?

From an online dictionary

in·sane

adj.

1.
a. Of, exhibiting, or afflicted with insanity.
b. Characteristic of or associated with persons afflicted with insanity: an insane laugh; insane babbling.
c. Intended for use by such persons: an insane asylum.

2. Immoderate; wild: insane jealousy.

3. Very foolish; absurd: took insane risks behind the wheel.



#3 sounds like an accurate description of the risks many of us take in trading, or in the belief that we can become one.


Latin "insanus" : in-, not + sanus, sane, healthy.


Not healthy. Speaking of which, I have a bike to ride.

Reply With Quote
The following user says Thank You to GaryD for this post:
 
  #10 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received


I never do "load the boat" on a trade. I should sometimes, but I have taught myself, right or wrong, that if I treat every trade the same I will have a better survival rate. That comes from having certain expectancies, and those change over time.

As I become more and more confident in what I am seeing and the likelihood of a certain outcome, there will be a time soon when I might. I did some practice on adding in recently, but that is not the same RR. The correct time to add is in the beginning.

I have seen that my understanding and expectation confidence has grown exponentially this year, but not to where I feel it is time to re-write my own rules. But, one thing remains constant; that I am a better trader than I was.

And at some point rules will change.

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

Reply



futures io > > > Gary's Place

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
vvhg's Little Helpers - Keeping Them In One Place vvhg The Elite Circle 32 January 7th, 2016 11:58 PM
FTSE - Where will the shorting place be? Tradecombo Emini Index Futures Trading 1 February 15th, 2013 10:13 AM
Hunting for Yield? Here's One Place You Can Look Quick Summary News and Current Events 1 December 24th, 2012 04:51 PM
I guess that this must be the place... Lornz Off-Topic 9 August 20th, 2011 08:10 PM
A place to post Data Riverend Traders Hideout 9 March 23rd, 2010 10:47 AM


All times are GMT -4. The time now is 01:42 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 2017-12-16 in 0.18 seconds with 20 queries on phoenix via your IP 23.22.136.56