Habits - Psychology and Money Management | futures io social day trading
futures io futures trading


Habits
Updated: Views / Replies:461 / 2
Created: by bojangle 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 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
 

Habits

  #1 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 158 since Feb 2010
Thanks: 27 given, 34 received

Habits

Taken from The Power of Habit book, for use in your journalling:
  1. determine what the habit is
  2. determine what the reward is that you get out of doing this habit... why you crave to do it... there must be some reason, something compelling you to do it
  3. determine what the cue is... what is triggering you to do this, think this, say this?
  4. create a plan to change existing habits and create new, positive ones that contribute to better trading performance

Then, my interpretation from The Compound Effect book:

Do one thing at a time the best you can possibly do it. Focus on the process, break the goal down into steps and make it a habit to do your best.


Then, from the Coaching the Mental Game book:

"The athlete can focus on the immediate, rather than past or future (The next task -- "now -- is all that can be acted upon.) -The athlete can focus on his approach, instead of results -- past or future."


Last edited by bojangle; September 1st, 2013 at 04:54 PM.
Reply With Quote
The following 2 users say Thank You to bojangle 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)
Trading Apprentice
Rome, Italy
 
Futures Experience: Advanced
Platform: TWS, TradeStation
Favorite Futures: all futures
 
Posts: 5 since Oct 2013
Thanks: 5 given, 1 received


Yes, very wise. I agree. I also find it useful, but it's very tiring, to stop every few minutes and ask myself if I am acting in my best self-interest. You will be surprised how often I find myself not doing it.

Another related thing, related to living in the present, or rather "being aware of the present", is to always ask yourself what you should be doing NOW rather than waste time wondering what you should have been doing yesterday. For example, you often are busy thinking what you should have done BEFORE, and you forget your keys or something else... by being busy with the past, you make mistakes in the present. Then you later start focusing on those mistakes and make even more mistakes.

Reply With Quote

Reply



futures io > > > Habits

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Habits and hobbies of the work at home trader sidney7g Off-Topic 10 March 8th, 2013 07:12 PM
Modification in trading habits to start being profitable arjfca Psychology and Money Management 20 February 15th, 2012 06:54 AM
7 Habits of a Successful Trader Myshkin Psychology and Money Management 17 July 29th, 2011 07:47 PM
Bad habits plague economic forecasts kbit News and Current Events 0 June 29th, 2011 03:02 PM
Video: 20 Habits of Wealthy Traders shodson Traders Hideout 1 January 29th, 2010 03:07 PM


All times are GMT -4. The time now is 02:17 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 2017-12-11 in 0.09 seconds with 19 queries on phoenix via your IP 54.226.34.209