Fear of loss leading to cutting winners way too early.. - Psychology and Money Management | futures io social day trading
futures io futures trading

Fear of loss leading to cutting winners way too early..
Updated: Views / Replies:1,857 / 12
Created: by r3algood 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 – 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

Thread Tools Search this Thread

Fear of loss leading to cutting winners way too early..

  #11 (permalink)
Elite Member
Austin, TX
Futures Experience: Master
Platform: ninjatrader, r-trader
Favorite Futures: CL, NG, TF, NQ, YM, GC, ES
liquidcci's Avatar
Posts: 862 since Jun 2011
Thanks: 609 given, 1,052 received

r3algood View Post
I do not have stats and probabilities on my targets. I realize more and more how important this and the absolute necessity of doing the proper leg work to have the probabilities on my side.

Liquidcci, I want to begin keeping stats on my trading, any ideas or advice on where to start?

Start with defining method like @monpere talks about. Once you define that you then have base you can start to look at what metrics you need to measure either via back test, forward testing etc.. Long tedious process but worth it.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Reply With Quote
The following user says Thank You to liquidcci for this post:
  #12 (permalink)
Trading for Fun
Little Rock, Arkansas
Futures Experience: None
Platform: MarketDelta
Favorite Futures: Options
r3algood's Avatar
Posts: 198 since Jul 2011
Thanks: 106 given, 105 received

josh View Post
Second, after trading for a sufficient period of time and knowing your market like the back of your hand, honestly ask yourself, is this move really likely to continue? Not "will it continue?" but, based on knowing your market well, "is it likely to continue?" And, if you determine based on your discretion that it really is likely to continue, then why the hell would you limit your profit? You have entered the trade, you have taken the risk, and now the market is moving in your favor. Let the market pay you for your work. Doing otherwise is like telling an employer that it's okay if they don't pay you what you earned this week--it's not okay, and you have earned the right to allow the market to pay you, so let it work FOR you.

This post has helped me to realize some things more than I can begin to tell you.

Thank you josh.

Reply With Quote
  #13 (permalink)
Trading for Fun
Little Rock, Arkansas
Futures Experience: None
Platform: MarketDelta
Favorite Futures: Options
r3algood's Avatar
Posts: 198 since Jul 2011
Thanks: 106 given, 105 received

mokodo View Post

It helped that I had coded and backtested the key elements of my system so that had the results to hand that said "do this and you should make money". In other words I trusted the system now just had to work on trusting myself.

I realised if I could not train myself to do this key part of trading I would never develop as a trader and that would mean eventually throwing in the towel. No way! this is too important and I enjoy it too much to run that risk. In other words a gun to my head moment, "if you can't do this you will not succeed".

Thinking in probabilities, as has been mentioned above, is a great help. How do you do this? I am getting to know my new friend probability by becoming a student of him. As he can either work for me or against me I want to know all about him. I now try to think in samples of trades, not 'this' trade, and in doing that any individual trade can't hurt me. If it can't hurt me what does it matter what it does?

Practise holding to target as a distinct discipline.


All of this work is really trying to get me to a place where it all comes 'naturally'. For me that is a way off so I use various tactics and tools to help. Not there yet but making progress!

About the "no way" part I share the exact same feelings mokodo.

"Practise holding to target as a distinct discipline." I will definitely start practicing this on replays and paper trading.

Thank you for the reply

Reply With Quote
The following user says Thank You to r3algood for this post:


futures io > > > Fear of loss leading to cutting winners way too early..

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
The Winners and Losers in Obama's Corporate Tax Plan Quick Summary News and Current Events 0 February 22nd, 2012 07:10 PM
Europe's New Deal: Some Big Winners—and One Major Loser Quick Summary News and Current Events 0 December 9th, 2011 03:30 PM
Winners and losers from the financial crisis kbit News and Current Events 0 November 1st, 2011 02:39 PM
Stock Market Investors Battle Fear, Fear and Fear Quick Summary News and Current Events 0 August 11th, 2011 05:10 AM
Look Ahead: Stocks May be Winners of Bond Rout Quick Summary News and Current Events 0 December 14th, 2010 09:50 PM

All times are GMT -4. The time now is 04:26 AM.

Copyright © 2018 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 2018-05-22 in 0.07 seconds with 19 queries on phoenix via your IP