New Year's Resolution(s) - Psychology and Money Management | futures io social day trading
futures io futures trading


New Year's Resolution(s)
Updated: Views / Replies:4,472 / 33
Created: by Big Mike Attachments:3

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
 3  
 
Thread Tools Search this Thread
 

New Year's Resolution(s)

  #11 (permalink)
Sharpening mental edge
the congo
 
Futures Experience: Advanced
Platform: North sea oil rig
Favorite Futures: Cl
 
rassi's Avatar
 
Posts: 827 since Jun 2009
Thanks: 1,159 given, 926 received
Forum Reputation: Legendary

To many things to list but the main ones are as follows,

>Get back to the gym, work out 3 times a week.
>Get back to eating healthy again.
>Get back to meditating. Have really let these 3 slide this year.
>Stick to the one method i know works for me and stop messing with others.
>Operate strict risk control, do not risk more than 3% on any 1 trade.
>Bank a monthly amount to savings account from my trading account.
>Be more giving of myself to family and friends this year.

Only 2 are directly related to trading but they all affect it in some way.

All the best for the new year to all on this forum.

Reply With Quote
The following user says Thank You to rassi for this post:
 
  #12 (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: 46,240 since Jun 2009
Thanks: 29,352 given, 83,231 received

HAPPY NEW YEAR!


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


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
The following user says Thank You to Big Mike for this post:
 
  #13 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received


2010 is the year that I will be consistently* profitable. It's also the year I start trading full time (starting on Jan 4).

I also have :

- spend less time on trading and more time with the family

- eat healthier (I love cake & cookies)

- exercise regularly - I currently walk 1hr/day to/from work but now that I will work at home I must exercise.

- be more patient and understanding of others' point of view

Reply With Quote
 
  #14 (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: 46,240 since Jun 2009
Thanks: 29,352 given, 83,231 received


cunparis View Post
2010 is the year that I will be consistently* profitable.

What's the asterisk for?

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
 
  #15 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received


Big Mike View Post
What's the asterisk for?

Thanks for reminding me. I wanted to define consistent as 3 months or more. In the past I've been profitable for 2 months and then fallen off the wagon.

I just ran some stats. Since oct 1 I've done very well on my ES swing trading, with a PF of 7.9. However my day trading (CL, Euro, & ES) had a profit factor of 1.10 (which I consider breakeven since the equity curve wasn't straight). December I focused 100% on CL and was 1.74 so I'm confident that I've turned the corner and I'm on my way.

Reply With Quote
The following 6 users say Thank You to cunparis for this post:
 
  #16 (permalink)
Elite Member
Toronto
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: CL , 6E
 
Posts: 197 since Jun 2009
Thanks: 752 given, 252 received

My new year resolutions are :
_ Work on letting my profits run a little bit more ( give the trade some time to develop , rather than grabbing the first green ..)
_ Focus more on the bigger picture !
_ Work on a solid trading plan for 2010
_ Workout more
_ Help people with natural remedies ( I am a naturopath by profession ) so please do not hesitate to ask for help , I will be glad to share my ancestral and yet proven recipes !!

"Risk more than others think safe.
Dream more than others think practical.
Expect more than others think possible.
Care more than others think wise"
Reply With Quote
 
  #17 (permalink)
Elite Member
USA
 
Futures Experience: Advanced
Platform: Ninjatrader
 
rnr123's Avatar
 
Posts: 3 since Jun 2009
Thanks: 1 given, 0 received

New Year resolution
Use 2 simple systems that complement each other.
Never deviate from the system rules.
Trade only with the trend and not try to pick bottom.
Working out 2 times a week is a must for 2010.

Reply With Quote
 
  #18 (permalink)
Elite Member
mumbai maharashtra/india
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: Crue/Tf
 
jinhar's Avatar
 
Posts: 289 since Jun 2009
Thanks: 23 given, 762 received

New year !!!

New year new set of resolutions ...

After getting my trading sorted out last year .. this year resolution for me will be to just rise to new highs in my trading means to get more % returns on daily basis then what i did in 2009 .. Just that for me on my trading basis .. rest all is sorted out for me
Hope you all have a great year ...


Best Regards
Jinhar

Reply With Quote
 
  #19 (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: 46,240 since Jun 2009
Thanks: 29,352 given, 83,231 received

Well my friends, 2011 is nearly upon us! It made me wonder, what New Year's Resolution(s) will you make for 2011 that are related to your trading?

I have more than one:
  • Read more about: Psychology, Personal Triumph, Biographies on Traders
  • Eat healthier - yes, it does relate because when you feel better you trade better
  • Help more people via futures.io (formerly BMT) than I did last year

I admit, I have many of the same resolutions this year as I had last. I've been working on them all year, but I continue to work on them each day and will continue even in 2011 to do so. My trading continues to improve each month as I gain more experience. I am feeling more confident and more relaxed as a result, which is a fantastic feeling, and I hope that I can help others share those feelings by helping them with their trading.

I look forward to reading your Resolution(s)! I hope everyone shares, and then a year from now we can check in and see how everyone did.

Most of all, I hope each of you cherish your time this Holiday Season with your friends and family, and make the most of the New Year!



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
 
  #20 (permalink)
Sharpening mental edge
the congo
 
Futures Experience: Advanced
Platform: North sea oil rig
Favorite Futures: Cl
 
rassi's Avatar
 
Posts: 827 since Jun 2009
Thanks: 1,159 given, 926 received
Forum Reputation: Legendary



rassi View Post
To many things to list but the main ones are as follows,

>Get back to the gym, work out 3 times a week.
>Get back to eating healthy again.
>Get back to meditating. Have really let these 3 slide this year.
>Stick to the one method i know works for me and stop messing with others.
>Operate strict risk control, do not risk more than 3% on any 1 trade.
>Bank a monthly amount to savings account from my trading account.
>Be more giving of myself to family and friends this year.

Only 2 are directly related to trading but they all affect it in some way.

All the best for the new year to all on this forum.

Well heres mine from last year to kick things off...I got the health thing nailed getting to the gym lots and achiving my goals there, eating very well and making an effort to meditate more so am feeling great from a health perspective, makes such a difference. I have also stuck to my method although to enable me to have a better quality of life I have increased the time frame. Over the past few months I have been making more of an effort to give people the time they deserve but for a large part of the year that was not the case so I still need to keep an eye on that and work at it.

I have a specific trading goal I will set out in my journal.
I will also undertake a physical challenge this year.
I will travel this year, I want to take 2 decent holidays.
Make an effort in my personal relationships.
Buy a car!

Reply With Quote
The following user says Thank You to rassi for this post:

Reply



futures io > > > New Year's Resolution(s)

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
Is there a ticker for 30 year T bonds? Eg a continuous index for 30 year T bonds PositiveDeviant Bonds and Interest Rates Trading 2 June 28th, 2011 05:55 PM
U.S. House Defeats Resolution Authorizing U.S. Military Operation in Libya kbit News and Current Events 0 June 24th, 2011 02:58 PM
Optimize Chart Resolution Multicharts / Resolution as variable? Locust MultiCharts 2 September 30th, 2010 12:05 PM


All times are GMT -4. The time now is 04:19 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 2017-12-14 in 0.12 seconds with 20 queries on phoenix via your IP 54.91.38.173