Questions concerning risk taking and speculative trading for a Bsc dissertation - Psychology and Money Management | futures io social day trading
futures io futures trading


Questions concerning risk taking and speculative trading for a Bsc dissertation
Updated: Views / Replies:2,160 / 24
Created: by Shichao 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 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

Reply
 
Thread Tools Search this Thread
 

Questions concerning risk taking and speculative trading for a Bsc dissertation

  #21 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

Why do trades go rouge?

Have you seen this movie:

Rogue Trader (1999) - IMDb

It depicts one possibility of how easy it is to get caught up and in over your head on something, that eventually turns into such a monster that there is no way out.

The other answer is quite simply greed. The worlds fuel is greed, so I don't think it is hard to imagine that when someone sees an opportunity to game/cheat/con the system, they take it. It isn't the janitor stealing to go sell stuff on ebay to pay the electric bill or put food on the table.

I remember an old study that showed that most employees that steal from their employer are white collar managers or "higher ups" in the organization. They steal because they feel like they deserve more than what they are being given, so they take it.

You can look at a successful trader and their lavish lifestyle, and it may be hard to imagine they could "want" for anything. Funny how greed works. Greed is not a desire to pay the bills, but a desire to have more than everyone else.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #22 (permalink)
Elite Member
La Jolla, CA
 
Futures Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,759 received


Shichao View Post
Dear Banker and traders,

I am a third-year Management student in Royal Holloway, University of London. I am currently writing a dissertation as a part of my BSc degree. The topic is on risk taking and speculative trading.

I am writing to you to ask you whether it would be possible to discuss some aspects of your wide experience in this area. It would be extremely beneficial to the progress of my research if we could discuss some aspects of your experience in this area in this post. You do not to answer all of the questions and I am very grateful for every response.

Questions:
1. Do you act sometime on instinct when making a deal or do you strictly follow the regulation?
2. Please give a small example If you acted on your instinct before, when and why it occurs.
3. In your opinion, can banker/traders become successful by only following the regulations? (Please give a reason why you think this way)
4. It is common sense that traders/bankers are under a lot of pressure and have to deal with stressful situations. How do you deal with it?
5. Do stressful situations and pressure increase your performance?
6. What is your opinion on the security regulations within your financial institution? (Are they more of a interference or help for surveillance for you)
7. Have you ever breached a security regulation? If yes, why?

Thank you very much

Having been on both sides of the fence, I can give you some feedback but as others have mentioned, there's mostly retail traders here.

1. I assume you're referring to an IB transaction here and I would say both instinct and following regulations come into consideration when making a deal. There is no fine line.

2. An instinctual reaction would simply be a sales process of catering to what your client is looking for. Telling them what they want to hear. Nothing too complicated there.

3. Define success? Success within the company or per their individual goals?

4. Yes, some self-medicate others find ways to overcome emotional hurdles beyond chemical enhancements such as exercise.

5. Yes

6. They were more of an interference. A lot of the regulations are created by those who have never been in the industry and know what the in's and out's are when dealing with clients, etc.

7. Breach is such a strong word... Lol! Never anything that would get me fired or in trouble with the regulatory agencies.

Reply With Quote
The following user says Thank You to Private Banker for this post:
 
  #23 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


I love your avatar, PB. I first saw Wall Street when I was 6 years old, and I remember I was blown away by that phone. "One day I'll have a small, sexy portable phone like that, too"...

Reply With Quote
The following user says Thank You to Lornz for this post:
 
  #24 (permalink)
Elite Member
La Jolla, CA
 
Futures Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker/Data: Advantage, Trading Technologies, OptionsCity, IQ Feed
Favorite Futures: CL, NG
 
Private Banker's Avatar
 
Posts: 1,040 since Jul 2010
Thanks: 1,713 given, 3,759 received


Lornz View Post
I love your avatar, PB. I first saw Wall Street when I was 6 years old, and I remember I was blown away by that phone. "One day I'll have a small, sexy portable phone like that, too"...

Thanks! Those phones were awesome! I had to change my avatar because someone else is copying me on this forum, lol! I had to take it up a notch! Lol!!! Wall Street was one of the best movies made with regards to the investment world. It motivated me to go into the Biz right after college and work on the Street.

Cheers,
PB


Last edited by Private Banker; March 14th, 2012 at 06:57 PM.
Reply With Quote
 
  #25 (permalink)
Elite Member
Greensboro NC
 
Futures Experience: None
Platform: TOS/ NT Dorman
Favorite Futures: ES TF CL
 
Rad4633's Avatar
 
Posts: 1,352 since Sep 2011
Thanks: 2,651 given, 886 received

@Private Banker

Those phones were awesome, I remember my grandfather bought a new car at the same time those phones had came out, sales pitch buy a car/get the NEW phone . It rocked sorta like the big boom boxes everyone carried on their shoulders back in the day...geez times flies

Talking about avatars, alot of people put their dogs I tried that, NO go... made me look way meaner than everyone else, guess my dog doesnt have a cute side lol Black/tan doberman

anyways had to chime in on that phone, take care PB

ttys R


Last edited by Rad4633; March 14th, 2012 at 08:12 PM.
Reply With Quote
The following user says Thank You to Rad4633 for this post:

Reply



futures io > > > Questions concerning risk taking and speculative trading for a Bsc dissertation

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading Quiz Questions Big Mike Feedback and Announcements 23 September 18th, 2012 08:12 AM
CS Global Risk Appetite Signals Risk-Off As Sentiment Stays In 'Panic' Mode Quick Summary News and Current Events 0 December 22nd, 2011 06:40 AM
U.S. oil speculative data released by Senator, sparking ire kbit News and Current Events 0 August 19th, 2011 04:07 PM
Silver Draws Speculative Heat Quick Summary News and Current Events 0 April 28th, 2011 08:50 PM
Trading ES with (1:1)...Risk : Reward hatorihanzo Psychology and Money Management 9 August 29th, 2010 10:10 AM


All times are GMT -4. The time now is 12:51 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 2017-12-11 in 0.09 seconds with 19 queries on phoenix via your IP 107.20.115.174