When the market's dead... (Page 2) - Psychology and Money Management | futures.io
futures.io futures trading

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Psychology and Money Management

When the market's dead...
Started:June 21st, 2013 (04:23 AM) by Ignawin Views / Replies:742 / 11
Last Reply:June 21st, 2013 (07:48 AM) Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

When the market's dead...

Old June 21st, 2013, 07:28 AM   #11 (permalink)
Market Wizard
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
DionysusToast's Avatar
Posts: 2,335 since Nov 2010
Thanks: 718 given, 6,931 received
Forum Reputation: Legendary

Ignawin View Post
Is this really a good idea? Doing something I don't understand at all? Well, maybe a bit, but I'm not confident enough to go for it and trade it with real cash..

Well here's the thing.

The market goes into ranges all the time. How many times have you sat down in front of the screen and see it "chop around" not offering you an entry? It's happened for a large portion of this year on he ES.

Whilst many people are staying flat at these times, others are coming into their element and making out like bandits.

Trading is not supposed to be exciting and these ranges are pretty dull if you are a thrill seeker. I took the plunge on trading tight ranges this year when a prop trader was kind enough to show me the ropes.

If you want to know what bread and butter trading is at prop shops - it's ranges, spreads - very unexciting stuff. I know a prop trader that does nothing but work on a good queue position on an ultra-thick market getting into a position where she can take a single tick. So is it a good idea? Many prop firms seem to think so.

It's only really in the retail world of day trading where people are looking for 50 ticks/pips on each trade. Mostly this stems from having a really small account which has to provide huge percentage returns in order to fulfill the traders financial needs.

If everyone had a $1,000,000 account and needed only $200 a day to live on, retail traders would be using low-risk, smaller target strategies. As it is, most people have 4/5 figure accounts and have financial needs which in some cases would need a 100% return per month.

The only real trick is in identifying if it's in a tight range or not but I think most people can do that.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following 2 users say Thank You to DionysusToast for this post:

Old June 21st, 2013, 07:48 AM   #12 (permalink)
Elite Member
Heerlen, Limburg
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: 6e
tinus's Avatar
Posts: 19 since Jun 2013
Thanks: 10 given, 6 received

I set warnings above and below the range and go and do things around the house. My warning sound lasts around 10 seconds and is a warning serine so i can always hear when price does go out of the range.

This keeps me from entering trades that don't fit my trading plan, cause i don't have anything to do in a range.

Reply With Quote


futures.io > Futures Trading, News, Charts and Platforms > Psychology and Money Management > When the market's dead...

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
"The Gold Bull Market is Dead -- Long Live the Bull Market" Cloudy News and Current Events 1 May 4th, 2013 05:37 AM
Could Stock Market Be Dead? 'There Is No Trust Out There' Quick Summary News and Current Events 0 May 11th, 2012 02:50 PM
Is the Miami Condo Market Back From the Dead? Quick Summary News and Current Events 0 March 15th, 2012 02:50 PM
The Euro Is Dead Quick Summary News and Current Events 1 November 13th, 2011 09:11 PM
Market's Big Question: Real Rally or 'Dead Cat Bounce'? Quick Summary News and Current Events 0 July 7th, 2011 03:10 PM

All times are GMT -4. The time now is 11:46 PM.

Copyright © 2016 by 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 2016-10-23 in 0.08 seconds with 19 queries on phoenix via your IP