Why 7% is the Difference between Failure and Success in Trading - Psychology and Money Management | futures io social day trading
futures io futures trading


Why 7% is the Difference between Failure and Success in Trading
Updated: Views / Replies:19,208 / 107
Created: by Anagami Attachments:7

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
 7  
 
Thread Tools Search this Thread
 

Why 7% is the Difference between Failure and Success in Trading

  #101 (permalink)
Trading Apprentice
BW, BW
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Currency, Equity Index
 
Posts: 3 since May 2012
Thanks: 0 given, 1 received


Fat Tails View Post



Would you please share this spreadsheet you use to calculate optimal F ? Thanks.

Reply With Quote
 
  #102 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary


usfbzy View Post
Would you please share this spreadsheet you use to calculate optimal F ? Thanks.


It is available here in post #65:

https://futures.io/psychology-money-management/15602-risk-ruin-7.html#post207948

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #103 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received



Bau250 View Post
I'm probably reading your post wrong, but are you saying anyone who claims 60% win rate is a liar?

For real?

Let's see if you're still around in a couple of years.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
Reply With Quote
The following user says Thank You to Anagami for this post:
 
  #104 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,069 since Aug 2011
Thanks: 967 given, 2,624 received

I think it is easy to ...

get caught up in theoretical in a way that is not meaningful to actual trading.

Trailing 12 months profit factor 3.1:1...I'm happy with that

Trailing 12 months %profit %60.5....I think that is something to work on.

20 days during that period where net loss days, 34 days where non trade days, 210 days where net positive days.

I suspect the main contributing factor is that markets are dynamic as is my response to the market. Discretion, what formula measures that?

Reply With Quote
The following 4 users say Thank You to wldman for this post:
 
  #105 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received

Yes, it seems some people miss the point of the thread completely, despite the fact I summarized it more than once. To each his own, I suppose.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
Reply With Quote
 
  #106 (permalink)
Identify Evaluate Execute
Mercer Island WA
 
Futures Experience: Advanced
Platform: Ninjatrader/Strategy Desk
Broker/Data: Various
Favorite Futures: TF/NQ/ES/Stocks
 
djkiwi's Avatar
 
Posts: 561 since May 2010
Thanks: 980 given, 1,524 received


Anagami View Post
Yes, it seems some people miss the point of the thread completely, despite the fact I summarized it more than once. To each his own, I suppose.

@Anagami

Would it be possible to re-run your model based on different risk/reward numbers? For example insted of 2:1 use 1.5 and 1.25 etc so we can get a better feel of the sensitivities?

Thanks
DJ

Reply With Quote
 
  #107 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received


djkiwi View Post
@Anagami

Would it be possible to re-run your model based on different risk/reward numbers? For example insted of 2:1 use 1.5 and 1.25 etc so we can get a better feel of the sensitivities?

Thanks
DJ

@djkiwi , yes absolutely.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
Reply With Quote
 
  #108 (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

The Untold Story of the Scientific Betting System


Fat Tails View Post
The other book I have read by William Poundstone was a book on game theory. I enjoyed reading it as well.

i was searching for a recomendations of this book before to buy it, to learn money management, risk, and the advance search send me to this thread, that i find it very interesting, thanks

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

Reply



futures io > > > Why 7% is the Difference between Failure and Success in Trading

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
Success and Opportunities wh Psychology and Money Management 9 February 16th, 2016 06:18 PM
Bizman70 The Journey to success of Trading Live bizman70 Elite Trading Journals 88 September 15th, 2014 10:22 AM
Is there a big difference between trading long and trading short ? kittyan Traders Hideout 16 July 30th, 2010 07:19 AM
Key To Success George Psychology and Money Management 1 December 27th, 2009 01:12 AM


All times are GMT -4. The time now is 04:00 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 2017-12-12 in 0.11 seconds with 20 queries on phoenix via your IP 54.163.210.170