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


self coach trading
Updated: Views / Replies:30,761 / 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

  #191 (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


wldman View Post
@alejo

I'll read "How we Decide" togather with you one chapter at a time if you would like. We could discuss in the journal thread. I do not want you to plug back in until you are ready...maybe never , if it is hurting you or your family. I've seen guys lose everything, the least of which was money...sailing beam reach way past zero happens all the time.

Dan

I would like to do it, thanks again Dan

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:
 
  #192 (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

slow down

slow down

reading the book, sharing and thinking

reading the thread @wldman, taking notes, and thinking

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #193 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received


Hi Alejo, Sorry about the recent turn of events. I thought Welly192's scalping was working fine for you a few weeks ago. Just my 2 cents. I would suggest maybe learning more "context" if you hadn't done so already. Maybe try out
Al Brook's videos. Are you still trading the ES? The ES is so difficult. It's probably the futures instrument most infiltrated by HFT and it's the biggest volume index futures. So yes, it may make a move like with a fakeout "trend" in the first hour or so, then a trend in the other way. Not every day, but ending up from day to day, some kind of overall difference. But it's harder to see it just from a 2000 tick with all the turns. I'm thinking Welly192's method works for now because it kind of knows where to make the opposite turn scalps after the HFT/algo stoprunning on each bend
as he claims his method is counter-intuitive to begin with. Maybe just having an extra chart, daily or hourly/15min showing the overall swinging of the ES can help. I know you are hands-off mode, so this is all just a sim or back history viewing suggestion.

Reply With Quote
The following user says Thank You to Cloudy for this post:
 
  #194 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received

@alejo

I dk if you already tried trading zf,zn, or even zb (I saw you liked some posts where people were discussing them) but they're very predictable instruments to trade intraday if all else fails. There's a lot of benefits to trading these instruments

- commission is a lot less
- they offer many instances to scale out and think about what you're doing. (builds discipline)
- they obey s/r lines & hh/LL more so than most other instruments
- if you lose power or internet they usually won't move far enough to do much damage in a 5 minute time frame to call the broker.
- extremely liquid

I really enjoy trading these futures because they rotate so much they're almost like a slowed down dummy version of the ES.

I've come to the conclusion that the bottom line is to make money even if that means sacrificing the entertainment value of fast moving instruments.

Itchymoku

Reply With Quote
The following 2 users say Thank You to Itchymoku for this post:
 
  #195 (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

it is not the method it is me


Cloudy View Post
Hi Alejo, Sorry about the recent turn of events. I thought Welly192's scalping was working fine for you a few weeks ago. Just my 2 cents. I would suggest maybe learning more "context" if you hadn't done so already. Maybe try out
Al Brook's videos. Are you still trading the ES? The ES is so difficult. It's probably the futures instrument most infiltrated by HFT and it's the biggest volume index futures. So yes, it may make a move like with a fakeout "trend" in the first hour or so, then a trend in the other way. Not every day, but ending up from day to day, some kind of overall difference. But it's harder to see it just from a 2000 tick with all the turns. I'm thinking Welly192's method works for now because it kind of knows where to make the opposite turn scalps after the HFT/algo stoprunning on each bend
as he claims his method is counter-intuitive to begin with. Maybe just having an extra chart, daily or hourly/15min showing the overall swinging of the ES can help. I know you are hands-off mode, so this is all just a sim or back history viewing suggestion.

thanks for your support, but i need to work more with me, to see if i am able to do this as @wldman says, the right mindset is a prerequisite

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #196 (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

it is not the instrument it is me


Itchymoku View Post
@alejo

I dk if you already tried trading zf,zn, or even zb (I saw you liked some posts where people were discussing them) but they're very predictable instruments to trade intraday if all else fails. There's a lot of benefits to trading these instruments

- commission is a lot less
- they offer many instances to scale out and think about what you're doing. (builds discipline)
- they obey s/r lines & hh/LL more so than most other instruments
- if you lose power or internet they usually won't move far enough to do much damage in a 5 minute time frame to call the broker.
- extremely liquid

I really enjoy trading these futures because they rotate so much they're almost like a slowed down dummy version of the ES.

I've come to the conclusion that the bottom line is to make money even if that means sacrificing the entertainment value of fast moving instruments.

Itchymoku

thanks for your support, i do not how to trade, also i was in a adiction situation, then i stop, and take a look more distant, now i am try to undersatnd how my mind work and why is so difficult to made the right decisions to trade.
i am working with @wldman reading how to trade and commnet about that, and i try to find out how can i re try this, but i need to build/manage a different way to think/decide/control, otherwise i fail again
today is the 2 years i start to trade, and really it was a very sad and bad experiencies for me, lot of $, time, live i left there,

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
The following 2 users say Thank You to alejo for this post:
 
  #197 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,072 since Aug 2011
Thanks: 969 given, 2,631 received

Hey Man...

@alejo

I want to be sure that you understand that I can only make suggestions for you based on my experience and that I am not a guru...just a guy that does not want to see an honest and good man like you suffer needlessly. Trading is a very difficult and competitive way to try to make money. What I want you to do is change your pattern, stop trading and start to consider things from a different perspective. IMO when your focus is on losing you attract more opportunity to lose into your life. When you lose and it becomes ordinary you start to accept and expect to lose.

One of the hardest things for me still, but something that I must do is kill the losers when they are little. When you kill those little bastards small you can stack them up till you can stand on the pile to increase your view. We learn to love the little loser for the service it provides in guiding us to what we seek.

I hate to lose...even a few ticks, but I know that I have to get through that while gaining from the experience.

Reply With Quote
The following 5 users say Thank You to wldman for this post:
 
  #198 (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

comments "how we decide ch1,2,3"

i am comment this on wldman thread

ch1
https://futures.io/trading-journals/20222-koyaanisqatsi-hototo-wldman-out-balance-43.html#post403948

ch2
https://futures.io/trading-journals/20222-koyaanisqatsi-hototo-wldman-out-balance-44.html#post404039

ch3
https://futures.io/trading-journals/20222-koyaanisqatsi-hototo-wldman-out-balance-49.html#post404523

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:
 
  #199 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,784 since Sep 2013
Thanks: 9,849 given, 11,160 received
Forum Reputation: Legendary


wldman View Post
@alejo

I'll read "How we Decide" togather with you one chapter at a time if you would like. We could discuss in the journal thread. I do not want you to plug back in until you are ready...maybe never , if it is hurting you or your family. I've seen guys lose everything, the least of which was money...sailing beam reach way past zero happens all the time.

Dan

Dan is an awesome man.

Reply With Quote
The following 2 users say Thank You to tturner86 for this post:
 
  #200 (permalink)
Trading Apprentice
Tashkent+Tashkent/Uzbekistan
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: USD/JPY
 
Posts: 11 since Apr 2014
Thanks: 0 given, 5 received


Actually self-coach trading is the only working method to develop profitable trading strategy. Following signals and webinars just embarass you from your own advancement, stuffing head with ideas that you need to sort out before to use.

Reply With Quote
The following user says Thank You to kernel for this post:

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 07:50 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 2017-12-15 in 0.16 seconds with 20 queries on phoenix via your IP 54.163.61.66