2 Cent Psychology - futures io
futures io



2 Cent Psychology


Discussion in Psychology and Money Management

Updated
    1. trending_up 1,933 views
    2. thumb_up 6 thanks given
    3. group 2 followers
    1. forum 2 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

2 Cent Psychology

(login for full post details)
  #1 (permalink)
 mattz   is a Vendor
 
 
mattz's Avatar
 
Posts: 2,489 since Sep 2010
Thanks: 2,426 given, 3,758 received

I strongly believe that effort whether psychological or physical requires reward if expectations were met.
You MUST reward yourself for hard work, and not just feel good inside.
Reward, in my personal opinion should manifest itself in the physical realm.
This is how you reinforce positivity and get your physical and mental mind used to doing things right way in your field.

If you did anything where you met expectations reward yourself with the thing you love the most.
This is not just in trading but in anything that is a challenge.

As a trader, let's say you followed your plan and ended up with a profit while immaculately executing your method.
Then, reward yourself. Buy a book if you like books, go to your favorite expansive restaurant that you don't go to often, buy a shirt you wanted, whatever.....
Naturally you can choose a time horizon for your goals that is weekly, monthly, etc

Why did I started this thread, and might even be the 1st here (?!)
This is after I read many journals here with a focus on the negative.
I have noticed that many guys here became like a support group every time traders break down with a full confessions of what a horrible day they had...How they are not disciplined, and they over traded, life is over, etc.
Then everyone comes together in one big support group while giving comforting advice along with technical advice and their two cents. It is almost became popular on futures.io (formerly BMT) to write how bad you did.

The essence focusing your journal on your weakness will reinforce it subconsciously.
When you have awesome days, share it more and write exactly what you did well.
Again, this could reinforce subconsciously to repeat those things you are doing well again and again.

I hope this helps you, and nothing here was meant in a way to put down anyone.
This is how i write and words sadly have no passion in forums.
But, what I write above will help you. 100%

To your success,
Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Started this thread Reply With Quote
The following 5 users say Thank You to mattz for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(132 thanks from 19 posts)
looks_twoSalao's Journalby Salao
(44 thanks from 9 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(33 thanks from 14 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(15 thanks from 11 posts)
looks_5Maybe a little bit different journalby Malykubo
(14 thanks from 13 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Would You Sell Your System?
79 thanks
Big Mike in Ecuador
67 thanks
The Crude Dude Oil Trading System
61 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
futures io site changelog and issues/problem reporting
22 thanks
 
(login for full post details)
  #3 (permalink)
 mattz   is a Vendor
 
 
mattz's Avatar
 
Posts: 2,489 since Sep 2010
Thanks: 2,426 given, 3,758 received



artemiso View Post
I go by the rule that you should only spend from compounded profits (the profits you made on profits).

And that is fine. You now at least associated positivity with your outcome, given your condition.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Started this thread Reply With Quote
The following user says Thank You to mattz for this post:


futures io Trading Community Psychology and Money Management > 2 Cent Psychology


Last Updated on January 25, 2013


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 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