We are Born Rich! - Psychology and Money Management | futures io social day trading
futures io futures trading


We are Born Rich!
Updated: Views / Replies:1,769 / 11
Created: by greenr 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
 

We are Born Rich!

  #1 (permalink)
Elite Member
london/england
 
Futures Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker/Data: CQG, AMP, VK, Kinetick
Favorite Futures: CL/6E/TF/ES
 
Posts: 952 since Sep 2011
Thanks: 562 given, 1,267 received

We are Born Rich!

Hello Fellow Traders,

I am reading a book at the moment, I have attached a copy for you guys to read with me

The Title of the book is called "Born Rich"

It is a great book that claims to help you unlock and understand the power within

When i 1st started trading, i picked up on this game quick. i learnt all the technical’s, ideas and principle and started my trading journey off to a rather foolish quick start

1. I was very young at the time about 19 (5 years ago now)

2. I wanted to "Get Rich Quick"

I didn’t just get into trading just because of the MEGA yields of money available and the life style that comes with day trading. I did actually have a lot of passion for the markets and the financial economics the world

The one thing that crippled me and was SOOO frustrating was be in able to trade, understand trading and having a good method and rules. In SIM every day i would racking in thousands every day, my account grew from $5,000 to well over $100,000

But every time I went live, I would start off great. Follow my rules and watched the money flow in

UNTILL...........................

I started letting my emotion, fear and greed control my account

I would literally be blinkered from what i knew how to do well and instead started trading randomly, moving my stops leading to me blowing account after account after account!

Every time i went back to SIM i would be the master trader that i had learnt to be, and then as soon as I went back LIVE i would blow it again

I changed methods tried everything possible to man

I then realised that it was not the markets and not my methods by my inner being and mind

I then set about learning all the important stuff i never even thought about....i have read alot of books like this one. But apparently this book is a very good example of learning about your inner mind and thought process ect

I have learned a lot about my inner mind myself thought process, but I wish to learn more and master this under looked process in trading. Yes everyone knows fear, greed and emotion exist. But not a lot of people know how the inner mind works and why us humans think and do what we do

I want to read this book in detail and study it and I want other people to read it to and have a open discussion

What i have learnt in my 5-6 years of trading is, it’s easy to read something. But you will not truly perform and do what you need to do until you fully understand what you are reading

So......i have attached the book and i am currently on page 29

If anyone want to read this book, or have read this book and wish to have a open detailed discussion about the meaning and content of this book would be great

It will help the newest traders to the advanced trader’s I’m sure

It should not a disappointment

Over and out

Ryan

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"

Last edited by Big Mike; April 29th, 2012 at 10:05 AM. Reason: copyright attachment removed
Reply With Quote
The following 2 users say Thank You to greenr for this post:
 
  #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)
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, 83,221 received


Moderator Note


The attachment has been deleted. Do not post copyrighted books on the site unless they can be downloaded directly from the publishers website for free.




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
 
  #4 (permalink)
Elite Member
london/england
 
Futures Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker/Data: CQG, AMP, VK, Kinetick
Favorite Futures: CL/6E/TF/ES
 
Posts: 952 since Sep 2011
Thanks: 562 given, 1,267 received


Big Mike View Post
Moderator Note


The attachment has been deleted. Do not post copyrighted books on the site unless they can be downloaded directly from the publishers website for free.




Mike

Hmmm sorry mike

Ok any one read this book or have this book that would like to disus the contens


" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Reply With Quote
 
  #5 (permalink)
stonecutter
Hot Springs, Arkansas
 
Futures Experience: Beginner
Platform: ninja
Broker/Data: optimus
Favorite Futures: ES
 
catdriver's Avatar
 
Posts: 30 since Feb 2012
Thanks: 234 given, 40 received

We are Born Rich

Hi Ryan,

Thanks for the heads up on the book. I went on Yahoo and looked it up and burned through it this weekend.
Boy, were you right. It spoke very directly to a lot of the troubles i am having.

I am a newer trader (less than a year experience) and while the more spiritual stuff in the book didn't speak to me, the latter chapters, particularly, "risk takers" "the vacuum law of Prosperity", and "razors edge" were very enlightening.

I thought chapter 8 "the razors edge", was the best, as I see my self on the wrong side of that edge. I have been at this long enough to know that the real secret or "holy grail", is not in some trick indicator or secret strategy, but between the ears of the trader. From my observation, I am my own worst enemy, but i also feel i am a hair, or 'razor's edge' from being a successful trader. I just need to harness my own mind (ie stop setting, target setting and trading patience) and force it to my will.

But some of the great quotes from the book will get me through the next few months while i am trying to hunt down a system of my own:

"persistance is to the character of a man as carbon is to steel"

and

"you will never hear of, read about, or see anyone who achieves anything of greatness if his or her own life, without first taking some kind of risk"......

Thanks a million for the suggestion and can't wait to hear your evaluation of the book

-mike


Last edited by catdriver; May 14th, 2012 at 07:02 AM.
Reply With Quote
 
  #6 (permalink)
Elite Member
london/england
 
Futures Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker/Data: CQG, AMP, VK, Kinetick
Favorite Futures: CL/6E/TF/ES
 
Posts: 952 since Sep 2011
Thanks: 562 given, 1,267 received


catdriver View Post
Hi Ryan,

Thanks for the heads up on the book. I went on Yahoo and looked it up and burned through it this weekend.
Boy, were you right. It spoke very directly to a lot of the troubles i am having.

I am a newer trader (less than a year experience) and while the more spiritual stuff in the book didn't speak to me, the latter chapters, particularly, "risk takers" "the vacuum law of Prosperity", and "razors edge" were very enlightening.

I thought chapter 8 "the razors edge", was the best, as I see my self on the wrong side of that edge. I have been at this long enough to know that the real secret or "holy grail", is not in some trick indicator or secret strategy, but between the ears of the trader. From my observation, I am my own worst enemy, but i also feel i am a hair, or 'razor's edge' from being a successful trader. I just need to harness my own mind (ie stop setting, target setting and trading patience) and force it to my will.

But some of the great quotes from the book will get me through the next few months while i am trying to hunt down a system of my own:

"persistance is to the character of a man as carbon is to steel"

and

"you will never hear of, read about, or see anyone who achieves anything of greatness if his or her own life, without first taking some kind of risk"......

Thanks a million for the suggestion and can't wait to hear your evaluation of the book

-mike

Brilliant, so glad someone has finally played attention to my post and followed through with what’s necessary

Bit tied up at the moment, ill post some thoughts about the book tomorrow

Many thanks

Hopefully we can get a great thread started now


" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Reply With Quote
The following user says Thank You to greenr for this post:
 
  #7 (permalink)
Trading Apprentice
New York, NY
 
Futures Experience: Master
Platform: Proprietary AWS Infrastructure
Favorite Futures: Forex
 
Posts: 5 since Mar 2012
Thanks: 0 given, 0 received

Very nice information. Thank you!!

Reply With Quote
 
  #8 (permalink)
Elite Member
london/england
 
Futures Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker/Data: CQG, AMP, VK, Kinetick
Favorite Futures: CL/6E/TF/ES
 
Posts: 952 since Sep 2011
Thanks: 562 given, 1,267 received

Where shall we start then ladies and gents

I loved every chapter, just started again

on chatper 2

Need to drum and understand every page................but lost were to start the discussion

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Reply With Quote
 
  #9 (permalink)
Trading Apprentice
Bangalore, Karnataka, India
 
Futures Experience: Intermediate
Platform: RTS Tangotrader
Favorite Futures: FGBL, ZN, ZT, ED
 
prasannabhandari's Avatar
 
Posts: 3 since Apr 2012
Thanks: 1 given, 0 received

kewl book

Hey Ryan,

Thanks for the info. bro I got the book on google and thinking to start reading it from tomorrow (sleepy now).

Reply With Quote
 
  #10 (permalink)
Trading Apprentice
Bangalore, Karnataka, India
 
Futures Experience: Intermediate
Platform: RTS Tangotrader
Favorite Futures: FGBL, ZN, ZT, ED
 
prasannabhandari's Avatar
 
Posts: 3 since Apr 2012
Thanks: 1 given, 0 received

Clarification...


"You Were Born Rich" by BOB PROCTOR ? Were u talking abt this book?

Reply With Quote

Reply



futures io > > > We are Born Rich!

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
A Fund Manager is Born rtrade Elite Trading Journals 91 September 28th, 2012 09:12 PM
Wanna be rich? Play the lottery!! Silver Dragon Off-Topic 3 August 1st, 2011 10:39 PM
The Tricks Behind Infomercial Get-Rich Pitches kbit Off-Topic 16 July 7th, 2011 06:32 AM
I might Win a Tablet but I might just get rich trying Nickemp Trading Journals 76 May 18th, 2011 09:26 AM
Somali Pirates' Rich Returns kbit Off-Topic 0 May 15th, 2011 03:01 PM


All times are GMT -4. The time now is 03:41 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 2017-12-13 in 0.13 seconds with 19 queries on phoenix via your IP 54.226.132.197