How to change a habit - Psychology and Money Management | futures io social day trading
futures io futures trading


How to change a habit
Updated: Views / Replies:792 / 6
Created: by bijeremiad Attachments:1

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
 

How to change a habit

  #1 (permalink)
Elite Member
San Francisco, CA
 
Futures Experience: Beginner
Platform: IB
Favorite Futures: Stocks
 
bijeremiad's Avatar
 
Posts: 410 since Jul 2011
Thanks: 283 given, 325 received

How to change a habit

Wish I had more to offer than just the attachment, but I recently skimmed The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg.

His basic premise is that habits are intractable and run more of our actions than we often recognize. To change we must identify the real driver for our behavior and then channel that cue to instigate different behavior.

The book itself strings a series of studies and stories supporting his ideas. I would recommend the first two chapters, which focus on individuals. The remaining chapters' values on organizations and society will depend on your interest/position/perspective.

At the end of the book in an appendix he tries to summarize how to apply habit research to life specifically. The application to trading only needs slight modification.

Attached Thumbnails
How to change a habit-changing-habit.pdf  
Reply With Quote
The following 5 users say Thank You to bijeremiad 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)
Elite Member
wa/ usa
 
Futures Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Favorite Futures: CL ES 6C 6E
 
Posts: 254 since Oct 2012
Thanks: 197 given, 438 received


Its one of the most simplistic yet useful books for traders. Also saw it on Dr. Oz that changing your habits also makes your brain work harder and extra. Very useful for people with dimentia and Alzeihmer's disease later on. Just simple acts like brushing your teeth in morning with left hand instead of right--same as breaking a habit.

Reply With Quote
 
  #4 (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: 29,356 given, 83,237 received

@FuturesTrader71 also selected this book to be given away during his webinar coming up on Tuesday the 11th as part of our 16 very special webinars for our 4-year anniversary:

https://futures.io/traders-hideout/27583-webinar-futurestrader71-ft71-statistical-analysis-broader-edge.html

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:
 
  #5 (permalink)
Elite Member
San Francisco, CA
 
Futures Experience: Beginner
Platform: IB
Favorite Futures: Stocks
 
bijeremiad's Avatar
 
Posts: 410 since Jul 2011
Thanks: 283 given, 325 received

Here is a video version that disucsses similar points to the PDF above.


Reply With Quote
The following 2 users say Thank You to bijeremiad for this post:
 
  #6 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,533 since Apr 2013
Thanks: 231 given, 855 received
Forum Reputation: Legendary

Disgust works like magic in changing our behavior, maybe it can also work in our favor in trading:

TraderFeed: Disgust Yourself: A Framework For Rapid Behavior Change

Regards,
ABCTG

Reply With Quote
The following 2 users say Thank You to ABCTG for this post:
 
  #7 (permalink)
Elite Member
New York, NY
 
Futures Experience: Advanced
Platform: OptionVue
Broker/Data: IB
Favorite Futures: RUT, SPX options
 
Bookworm's Avatar
 
Posts: 157 since Apr 2010
Thanks: 64 given, 144 received

There is some interesting information on habits here:
http://www.scotthyoung.com/blog/Programs/GetMoreFromLife.pdf

Reply With Quote

Reply



futures io > > > How to change a habit

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
How do I break a bad habit samurai Psychology and Money Management 21 April 16th, 2016 05:43 PM
How to brake bad habit: Cut short on looser & let winner run arjfca Psychology and Money Management 10 April 17th, 2013 10:04 PM
Is there an indicator that shows price change averaged with volume change intrabar? Itchymoku NinjaTrader 8 July 31st, 2012 08:40 PM
What do you do when you want to change everything? mindfultrader Psychology and Money Management 20 April 5th, 2011 11:39 PM
How would you change NinjaTrader 7? Big Mike NinjaTrader 57 March 23rd, 2011 02:01 PM


All times are GMT -4. The time now is 09:14 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 2017-12-18 in 0.13 seconds with 20 queries on phoenix via your IP 107.20.115.174