self coach trading - Psychology and Money Management | futures io social day trading
futures io futures trading


self coach trading
Updated: Views / Replies:30,731 / 447
Created: by alejo Attachments:327

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
 327  
 
Thread Tools Search this Thread
 

self coach trading

  #171 (permalink)
Elite Member
madrid spain
 
Futures Experience: Beginner
Platform: nt
Favorite Futures: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

pattern I do not want to lose the opportunity to participate

I do not want to lose the opportunity to participate, yes , that is what i realize it is happen to me when i want to see the markets, and trade them
the result are shownme in spite of ES go up 10 point and down 20 point, i am not able to catch that "yet" (i only get a couple of points and with a lot of bad trades in the middle

the same with gc moves (i wen t to go long 1290...)

in general, if i wait the move, i said, oh i lost that

and this has conflict with the issue , scalp, not scalp, go for bigger moves.

and overtrade also

i think watching the es, that it look possible wait for the move to one side, wait the unbalanced situation, and enter with a lottle risk, and then start pressing guessing this is the 10 point moves...

but how can i do that?

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #172 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received


alejo View Post

but how can i do that?

Stick to ONE instrument only.

Pick one time frame for some context (e.g. 15/30/60/day, your choice, ranges/S/R/profile/whatever you prefer.)

Pick a shorter time frame or type for entry and to gauge momentum/strength (e.g. 1/2/3/5/tick/range/vol, your choice.)

Pick maybe two setups and a fixed stop target (eg pullback/breakout/10:20, your choices.)

Make two trades, no more, on 2-4 days a week for 3 months.

Avoid messy days like rollovers/fed/etc.

Treat Mondays and Fridays with more caution, but still be careful on Tuesdays, Wednesdays and Thursdays.

Change nothing once you have a method, at the moment you appear to have none.

Do nothing else except learn to chain yourself down and stop jumping around like a jack-rabbit.

Best Wishes and Slow Down!!

Travel Well
Reply With Quote
The following 4 users say Thank You to ratfink for this post:
 
  #173 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received



ratfink View Post
Stick to ONE instrument only.

Pick one time frame for some context (e.g. 15/30/60/day, your choice, ranges/S/R/profile/whatever you prefer.)

Pick a shorter time frame or type for entry and to gauge momentum/strength (e.g. 1/2/3/5/tick/range/vol, your choice.)

Pick maybe two setups and a fixed stop target (eg pullback/breakout/10:20, your choices.)

Make two trades, no more, on 2-4 days a week for 3 months.

Avoid messy days like rollovers/fed/etc.

Treat Mondays and Fridays with more caution, but still be careful on Tuesdays, Wednesdays and Thursdays.

Change nothing once you have a method, at the moment you appear to have none.

Do nothing else except learn to chain yourself down and stop jumping around like a jack-rabbit.

Best Wishes and Slow Down!!

Fully subscribe

Trade to live. Not live to trade.
Reply With Quote
The following 2 users say Thank You to xelaar for this post:
 
  #174 (permalink)
Elite Member
madrid spain
 
Futures Experience: Beginner
Platform: nt
Favorite Futures: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received


ratfink View Post
Stick to ONE instrument only.

Pick one time frame for some context (e.g. 15/30/60/day, your choice, ranges/S/R/profile/whatever you prefer.)

Pick a shorter time frame or type for entry and to gauge momentum/strength (e.g. 1/2/3/5/tick/range/vol, your choice.)

Pick maybe two setups and a fixed stop target (eg pullback/breakout/10:20, your choices.)

Make two trades, no more, on 2-4 days a week for 3 months.

Avoid messy days like rollovers/fed/etc.

Treat Mondays and Fridays with more caution, but still be careful on Tuesdays, Wednesdays and Thursdays.

Change nothing once you have a method, at the moment you appear to have none.

Do nothing else except learn to chain yourself down and stop jumping around like a jack-rabbit.

Best Wishes and Slow Down!!

thank you, i will try!

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
The following user says Thank You to alejo for this post:
 
  #175 (permalink)
Elite Member
madrid spain
 
Futures Experience: Beginner
Platform: nt
Favorite Futures: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

trying to follow some set of rules

yesterday i start to trade according some rules in cl ,that joao is teaching me, and i find doing a lot of different things, catching spikes, trying to catch the top/bottom, exiting by fear in most of them
specially no waiting for everything in alignment
today i try to wait and reach them

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #176 (permalink)
Elite Member
madrid spain
 
Futures Experience: Beginner
Platform: nt
Favorite Futures: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

hold winners

i realize that almost all trades same issue, exit with fear while is a winner....
i know why, because our mind works in this way,
if yuo are in thye winner territory and we have high prob , one accept a worst settlement and close the winner, but i want to try to go against that

yesterday i have wanted to make a test, i was bearish es, i short 1865 and say , i hold this up to the close, but i could not ,again, in a retracement ,i sold 63
later again short 59, and again, i close 54 retracement
i am trapped with this

imagine with a close near 41 with 24 handled...

maybe if i turn it off the screen and i go away works...

could be this the issue with scalp /no scalp?

scalp give you calm when to take profit

hold winner is very painfull

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #177 (permalink)
Elite Member
madrid spain
 
Futures Experience: Beginner
Platform: nt
Favorite Futures: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

continue the test

today i was waiting more and i made 2 trades with cl according joao rules, and was good +45, but later, the same issue, i see things (chase spike, breaking highs, )and i want to participate, and finish made impulse trades, chasing, alos i let an open trade...cl shor at highs

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #178 (permalink)
Elite Member
madrid spain
 
Futures Experience: Beginner
Platform: nt
Favorite Futures: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

not scalp and holding winners is possible and situation 28march

i am trying to find something to fit with me, today i have achieved to hold a winner to catch the 10 point move in es, and also other in nq and 6e.
if not move the stop, ant take the loses is difficult i think hold the winner is more diffcult, support the swing against me, 1,2,3 times...
could be very interesting to exit at top and reenter in the pullback, but it sound a hyperfantasy.

if i wait to the zone where the market offer high S/R ,and enter with reasonable risk , and try to ride it

also another nice discover is to wait the 15 min opening range and it is more clear the picture,

another thing is as chasing the moves is an losing games, maybe is an opportunity to fade them

it is very good that it looks like i am taking loses regularly, use stops ever, and i see the benefits of that, then i am seeing this with less fear and with more opportunities, even though ,i do not know how to catch them yet.

i am receiving some help from @wldman to compare the decisions with the trades and try to learn from that , i can test with m6e

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #179 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,071 since Aug 2011
Thanks: 967 given, 2,628 received

Happy you...

had a few nice ones there.

Reply With Quote
The following user says Thank You to wldman for this post:
 
  #180 (permalink)
Elite Member
madrid spain
 
Futures Experience: Beginner
Platform: nt
Favorite Futures: None.
 
alejo's Avatar
 
Posts: 1,311 since Apr 2013
Thanks: 16,557 given, 643 received

return to scalp?


this battle is getting me crazy yet, i was decided to not scalp and go for bigger target, but when i analyze the result and make what if with different target, it looks like the+4 @welly92 target beat the other possibilities.
the idea is to wait for big moves and add to them, but most moves not last 3 swings.
i was looking for the way to catch the 2/3 moves per day +10/-10/+8 that occur
but to do that, you need to scratch a lot of trades, and if you sum all of them, the result look positive for the a lot +4
yesterday was a choppy day but it has 2 nice moves, i let it run and i let it scape mfe , and finish red with the losers
the good thing, all little losers
scale out is the only way to capture the moves and have the possibilties for a runner?i do not like so because the increase of risk and you do not press the good moves
but in the other hand you can get the little ones and you let the possibility open but with minimum size
the ideal way is initiate with little risk, addin, increase size and cacth the move with size, but i lost all littles moves
if you set 4t target and you get 8 point move, does not make sense
but if i scrath 10 trades instead of take +40 neither
i need to continue testing if it possible to get in nice moves and adding to them
i was reading that it is important to know the adjust results to risk to get that result and compare differents systems, and i see that in Tradestation results there s that parameters(risk adjusted) and always are negative or worse than the normal results
i do not yet how to measure that yet.
example scalp
if @welly92 says he got 70/90%w, if i can get 60%, then if i made 10 trades 6x4-4*(-5)=+4 less (10*3comision)=+1
not so good,

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself

Last edited by alejo; April 1st, 2014 at 03:18 AM.
Reply With Quote

Reply



futures io > > > self coach trading

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
Gary Dayton Trading Coach (www.tradingpsychologyedge.com) Big Mike Trading Reviews and Vendors 4 December 17th, 2014 10:33 AM
The Daily Trading Coach by Brett Steenbarger Big Mike Psychology and Money Management 29 October 3rd, 2012 05:39 AM
Your Trading Coach panama Trading Reviews and Vendors 3 July 7th, 2012 11:30 PM
Need a Programming coach for a project... Mojokix NinjaTrader Programming 3 January 20th, 2011 04:17 AM
Looking for a coach ealas Beginners and Introductions 12 October 1st, 2010 09:12 AM


All times are GMT -4. The time now is 01:14 PM.

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 2017-12-14 in 0.16 seconds with 20 queries on phoenix via your IP 54.234.255.29