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


self coach trading
Updated: Views / Replies:30,675 / 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

  #241 (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

18 sep

yesterday the prep was good and the hyp2 was perfect

the day was good, after the massive losses of day one i can manage better the risk
and i like the job to trade with 15lots, building up, decreasing,
today i have to work a lot and i did not make the prep
only watch the charts i see very close the opnening and the O/S
i need to read more about the famous 2 lines range, i have severals lines
today was slow and confusing and i revererse severals times, better stay aside
in hindsight, always say , if i have waited more, i think i hurry, thinking, i lost this.

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #242 (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

prep for 22sept

today i made some changes to my tools
1min change for 5min in sc
no more jigsaw
700 vol to 1400 vol
3minfs auc change for 5 min
2tr change for 4tr


prep for today

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

1400v
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

daily
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

30min
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #243 (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

other side again


i have done the hyp2 very accurate, but for what?
i was stubbornly long, and i could n t reverse, i thought, my hyp 1 was ok...
as @mfbreakout says, could be better to wait and see

regarding the change with the tframe, i fell a little lost, and with time to do nothing, because i do not have the dom to stare at it

more time to think and be objectively, but i need to do it

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #244 (permalink)
Elite Member
Hong Kong
 
Futures Experience: Intermediate
Platform: NinjaTrader, TWS
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
Posts: 233 since Jan 2012
Thanks: 130 given, 306 received


alejo View Post
i have done the hyp2 very accurate, but for what?
i was stubbornly long, and i could n t reverse, i thought, my hyp 1 was ok...
as @mfbreakout says, could be better to wait and see

regarding the change with the tframe, i fell a little lost, and with time to do nothing, because i do not have the dom to stare at it

more time to think and be objectively, but i need to do it

Hi Alejo,

With great respect, you seem to be stuck making things so complicated. Your 3 hypotheses were simply (1) Up, (2) Down, and (3) A trading range - which is what the market does all the time. Basic price action. So why bother stating the same and then getting locked into one of them?

Many others have tried to help you simplify things. Do think about keeping it simple. And stop changing things all the time. Save your valuable time and energy (and $$ of course).

Richard
Hong Kong
Reply With Quote
The following user says Thank You to RichardHK for this post:
 
  #245 (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


RichardHK View Post
Hi Alejo,

With great respect, you seem to be stuck making things so complicated. Your 3 hypotheses were simply (1) Up, (2) Down, and (3) A trading range - which is what the market does all the time. Basic price action. So why bother stating the same and then getting locked into one of them?

Many others have tried to help you simplify things. Do think about keeping it simple. And stop changing things all the time. Save your valuable time and energy (and $$ of course).

thanks richard for your time.
the idea of doing preps is go with some task done to the market and think before the battle, of course theres 3 posibilities, but what will do if happen one of them.

what happen to me once i am in the battle, ?why i do the opposite?

as you can imagine, i would like to learn how to do this.
i do not want to complicate myself if i can do simple and quicker
i am uncomfortable with almost i was doing
then i am trying differents things to try to find how can i be more comfortable (is that fit with my personality?)
of course, i like your comments and all your help you can bring me in this race

thanks

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #246 (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

prep for 23sept

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #247 (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

orchestra & trading

i hear something interesting from ft71, about our job as a musician in an orchestra, we need to wait our time, enter when is our turn, execute and stop, and wait for next time.
as a beginner, you can play shorts parts first, as you execute them more comfortable, you an play longers pieces
if you are learning and try to execute master pieces as short 2014 and cover 1969 and go long there ,as @tigertrader, @bigmike, @mfbreakout, and other adv. traders do, you get burned

other example as baseball player, you try to go to 1 base at time, or go for a home run when you are learning

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:
 
  #248 (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, 3,621 received


alejo View Post
i hear something interesting from ft71, about our job as a musician in an orchestra, we need to wait our time, enter when is our turn, execute and stop, and wait for next time.
as a beginner, you can play shorts parts first, as you execute them more comfortable, you an play longers pieces
if you are learning and try to execute master pieces as short 2014 and cover 1969 and go long there ,as @tigertrader, @bigmike, @mfbreakout, and other adv. traders do, you get burned

other example as baseball player, you try to go to 1 base at time, or go for a home run when you are learning

I always want to solo and jam-out when I'm not supposed to even though I think I can add value to the orchestra. The problem is there is no way to evaluate if I can pull it off again or again with the same veracity at different performances unless I've memorized exactly what I'm doing. So if you're testing it's important to focus on the specific type of trade you're looking for and not settle for anything else. If you do settle for less and make a profit then whats to say you won't try it again and again eventually diminishing the profit you got in the first place? There needs to be certain level of uniformity in the context you're trading otherwise you're going to get random results. For me, the context of the trade is just as important as the setup. If one or the other is missing then my previous trading experience with the method will be useless.

ft71 is always great with analogies and teaching in general.


Last edited by Itchymoku; September 24th, 2014 at 09:10 AM.
Reply With Quote
The following 2 users say Thank You to Itchymoku for this post:
 
  #249 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received


alejo View Post
i hear something interesting from ft71, about our job as a musician in an orchestra, we need to wait our time, enter when is our turn, execute and stop, and wait for next time.
as a beginner, you can play shorts parts first, as you execute them more comfortable, you an play longers pieces
if you are learning and try to execute master pieces as short 2014 and cover 1969 and go long there ,as @tigertrader, @bigmike, @mfbreakout, and other adv. traders do, you get burned

other example as baseball player, you try to go to 1 base at time, or go for a home run when you are learning

this is the same pitfall that almost every new trader falls into, that is they want to trade THEIR way, which is inevitably a very comfortable, myopic, risk averse kind-of-way, as opposed to trading the correct way. the correct way being defined as the process necessary to make optimal profit. quite simply it's a defense mechanism that is used to block confrontation with an unconscious conflict and it's associated emotional stress. so, the new trader trades his way and develops bad heuristics and a misguided process, all the while rationalizing that he is an amateur that needs to crawl before he can walk. the misconception on the part of the new trader is that his way of trading and his way of approaching the market is less risky, when in fact, it is not. he is just losing his money in smaller tranches or as @Big Mike would say," dying the death of a thousand paper cuts." and, on top of it he is reinforcing an irrelevant and pointless methodology. i've seen traders on this forum waste years of their trading development adopting this attitude of intellectualization. the point is that the market is not going to adapt to you-you are going to have to adapt to the market. that's why you trade 1&2 lots when you are a beginner and increase your size as your competence and confidence grows. what you don't want to do, is fall into the trap of making excuses why you can't do something the right way from the start.


Last edited by tigertrader; September 24th, 2014 at 10:13 AM.
Reply With Quote
The following 8 users say Thank You to tigertrader for this post:
 
  #250 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received



Itchymoku View Post
I always want to solo and jam-out when I'm not supposed to even though I think I can add value to the orchestra. The problem is there is no way to evaluate if I can pull it off again or again with the same veracity at different performances unless I've memorized exactly what I'm doing. So if you're testing it's important to focus on the specific type of trade you're looking for and not settle for anything else. If you do settle for less and make a profit then whats to say you won't try it again and again eventually diminishing the profit you got in the first place? There needs to be certain level of uniformity in the context you're trading otherwise you're going to get random results. For me, the context of the trade is just as important as the setup. If one or the other is missing then my previous trading experience with the method will be useless.

ft71 is always great with analogies and teaching in general.

indeed, sound theories reflect context. too many traders take an attribute-based approach where they think the market is always going to the same thing regardless of the circumstances. they don't take into consideration market structure, price drivers, sentiment, etc. and then are at a loss when the market doesn't act they way they though it should.

Reply With Quote
The following 4 users say Thank You to tigertrader 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)

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
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 09:17 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 0.16 seconds with 20 queries on phoenix via your IP 54.226.227.175