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


self coach trading
Updated: Views / Replies:30,865 / 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

  #431 (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

goal accomplished this week and a prize

the goal was stay calm with goal >5
and got almost 10!
1 lot
<3 trades
and start bouncing from bottom

well done

i need a prize this night
dinner out w wife

goal for next week

state above 50%
risk rules 100%
trades q <3

and compare the gap between the trade idea i told and thought before and the real thing i done after mkt open


another good thing is i am on day12 my record ontst

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:
 
  #432 (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

fail R2 on day 15 and the R3 plan

after i return from holiday, i lost he north, do not prepare well, was in a hurry, not meditation, change things, risk more, and quickly go in the hole again, and this time i lost the motivation, and let it down
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


it was a hard job to recover from the hole the first time, and once i break rules it is easier continuing breaking them
i am debating between my plan with wide stop and long hold and big targets, and the results i have when i was scale out with small targets. it work best, but i am not believe in it and then hard to follow, main issue is got only a little % of the move with 2 lots 2p 4p
the results with aiao with large targets, show me a lot of on the table and end it down with lowW%

the goals table on the last day show the correlations behavior/result
i will continue tracking them
1-patience 30
2 discipline 10
3 adapting skill 10
4 stop management 10
5 physical condit 50
6 focus attitude 10
7 believe confidence 10
8 emotional trading 80
9 inner peace 50
10 premarket vision awareness 40
11 fear anxiety 70
12 entry execution 20
13 trade management 20
14 risk management 10
15 profit maximization 0
16 self awareness 20
17 flip flop 40

i find a issue with tendency to put on a helplessness situation, then, to lose money help that, risk 4 lots hold a lot a loser help on that
i will go more mechanical with targets to scale out to try to capture some on the way up
i will lose the freedom to add more lots,hold ,etc (against me) but in the other hand it will protect me against me
first stage
start with scaling plan tst 0 1500 2l & no news trade to match the lpt
max 3 trades p day or -12P/day
it is the rescue mode that i was able to recover from the hole on R2
but i will use it to start from 0
build next stage and add other scale out
and so on
focus on the 17 control points on behavior
let see what happens
i receive the key for start today the R3
NFP

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:
 
  #433 (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

fail the r3 this is looking like an exhaustion bar


today i liquidate the r3
only 3 days
can be quick
mainly oversize issue
and was a negative circle
once i know i have no enough maxdd
it is out

i was not able to test the shorter scale out test, i do not believe in them and i pull the targets when start to move in my favor

also the max 3 trades i was not able to follow that rule
the behavior table, below 50% and almost 10% today

i will reload R4, but i need to change something

from the ft71:
maxdll 1200
max posi size 4
if down-300 max 3
if down -600 max 2
if down -900 max1

initiate with 1 and build it

before all that, prepare, think, watch, and wait

second try to test the shorter scale out that i could not do it in r3 because i do not believe in them
1.5/3/4/6

i hope if this R3 was the exhaustion bar from here i have all he way up!

first step r4

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #434 (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

fail de r4 and the fall continue

it was not an exhaustion bar
the falling continue
i was trading calm 3 combine ago (the laast 2 only last 3days and 1 day)
step to step recovery from the hole
and the breaking bad comes when i almost have recovery and sudenly i fall again
and start increasing size, big step and down again
failed hard
and the last 2 combine were failed quickly beacause i was in a hurry to recover,
i need to find out a way to overcome the emotional issue with the recover, and follow the rules

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
 
  #435 (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

about discipline: i work on the pattern i want to recoup $

i was watching a video called trader wisdom done for ft71 and other tackling disciplined issues done for kam d.
i have write down some notes
ft71
discipline is the training of self control
it is important on the first stage to incorporate habits, later will not be necessary because it will be natural behavior
auto-control+ create habits
1- focus: create cycles habits that feeds positives outcomes (not pnl!)

habits require a lot of repetitions to get in

it is important to set prizes for my behaviors
my trading is giving me prizes for my effort?
and my discipline?
if i do not have nothing, then , for what?

"create something the give me the feeling of achieve something"

action:
discipline is like a muscle: more strong with more training

how to avoid the fatigue? warning

1- effort with focus, do not lose time
2- focus on the present goal (be on the moment, now)
3-goal small, incremental......these are key
4-do little changes well planned
5-keep the change only to 1 thing , and repeat it till become habit
6-track progress
7-prizes: what i get for achieve my goals?
the prize must be something outside trading
8-attitude negative? hopeless? time to break, this is a marathon
9-make a commitment with my plan before start trading. do not do nothing if it is necessary
10-what can i wait, once the effort start to show results, the needs of discipline diminish, then i must watch in that direction
i need to be regular with my practices of trading to get enough deep to build the necessary confidence to let me trade what i see.
this take time and a lot of failures and adjustments before the things working for me
practice several weeks each idea to let become a habit
be prepare to fail

kam d
discipline and resilience
in one hand i have :believes and confidence
in the other emotions, fear, doubts, anxiety,
how much of the emotional things take over of my mind?
i can not cancel them, i have emotions
i can shadow them

the pnl does not reflect how i am as a trader

the key is to reinforce the belief and confidence
how?
1 plan & clarity
2 context & understanding
3 performance & experience

discipline start with clarity
-define:
objectives
2 process
3 plan easy to follow and understand
4 understand the why behind each opportunity to trade
5 focus on few opportunities with big potential
6 visualize opportunities and futures scenarios
7 visualize and engage to those visions and nothing else
8 do not change long to short when the trade come to your idea area
believe and engage(commitment )with the trade

discipline in life
i am patience?and disciplined?
where and how can i improve?
i can practice disciplined in others areas
arrive late?
wake-up late?
can i improve this?
ake a model how to build discipline in others tasks
practice discipline in other areas: meditation, yoga, sports

if i can not, why?
i am motivated?

i need a clear purpose and clear goal to become motivated

the process of development of disciplined

purpose
clarity
motivation
commitment
discipline

perception of discipline

patient disciplined person:

nature:
calm, relaxed, humble, passive, placid

physiologically:
breathe is steady, sitting back

perspective:
motivated for the big picture and focus on the process

inpatient undisciplined person:

nature:
anxious, fearful, doubtful, aggressive, frustrated, bored

physiologically:
rapid breathing, leaning forward (Propension para el futuro)

perspective:
motivated for short term outcomes and results,

test for check disciplined

can i commitement to meditate?all mornings and all evening?
can i follow a diet?
and do exercise?
if not, why?

mind status:

mindfulness
a way to paying attention: on purpose, now, without judgementally

midndlessness
automatic pilot, managed for the past, reacting and dominated for the past habits

meditate is key to develop focus
4 key skill to developed with mindfulness

1-placing the mind where you want it to be
2-keeping the mind where you want it to be
3-sensing when the mind is not where you want it to be
4-detaching the mind from where you don t want it to be




one goal for me is not go emotional trying to recoup the profit lose or the loses
accept w and l
be calm
stop before the daily loss
stop if reach to daily goal
i can work on this pattern first

it is interesting to notice that on 5,6,7,8,10,11,12 ago i did not meditate and where the worse days
on 24j,27,28jul, 13ago yes.

i agree and commitment to meditate and training my goal each day
plus the previous goal done daily

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

Last edited by alejo; August 14th, 2015 at 04:33 PM.
Reply With Quote
The following 3 users say Thank You to alejo for this post:
 
  #436 (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

saying goodbye again to scalping when try to trade without enough room

i was doing some momentum trades on the test of 200 max per day
3 winners day and i feel like, yes , i can do it
of course the next 3 days were 3 x-200
what happens
i was practicing not trying to recoup and get emotionally
one good practice was
1w, next
1l
other and stop
1w ,2w, if 300gola stop

if 200 (locked) compulsory stop

but
when i down some
fr examople -125
or-62
i keft tiny amount to trade

i trying to cut quick if not work fast the trades
but
i lost good chances for winning and also big potential winners
and got trapped in some false break outs

then if i want to continue trading , i have tight stop
then worse trade

and scalp
and micro scalp
and worse
and end -200

the only posibility is 1 or 2 w
or 1 trade with 4 p stop

i will focus on 1 trade with 4p stop
loser stop trading
winner ,other, winner if pass 300 and come back stop

if 1w 1l and below 4p next stop stop trading

i entry back to mean, on turning points, after abc, on support, with momentum before to explode and with 4p room stop well located

then i will wait, patience
not recovery revenge,
and add winners after the pb on bo

sim test
with 1500maxdd and goal
maxdll -200
goal +300
2lot

if it work
i will test live to sav my money in the meanwhile+combine 175$
focus on not emotionally/recovey
and be patiente for the trades

i will miss 1000trades beacause i normally see trades everywhere, and use to chase

good luck
and relaxing+preparation+study markets

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:
 
  #437 (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

is this the turn? i recover intermediate status and have some idea

what have I done? how have i done?
i think i focus on btfd setup only ,i believe on it, i need to wait, i have more time to watch, be an observer, i am more patient waiting that, increase confidence, and a positive spiral, trading sim and live, i know the gap is big between them, and stop 12p min 1.5 atr15min, try to let it run and add if have momentum
i can see the capitulation and the big boys absorbing, waiting the second entry at key levels
i was doing several combine, test, practice, crafting, doing , and do not change things for several month, keep with es
follow tiger and mike and believe in go for long targets, i experiences all the pains
in the setup i was observing that the turns in swings is the similar ,more light and maybe can be better in trends
i passed the sim test similar to combine 30k, and i almost near the 3k/50k goal, next 6k/100k and 9k/150k my favorite150k
i am tracking my behavior, relaxations, and i am funded myself and i try to copy the sim, maxdll 600, 2lot, max d1500, goal 1500, i am happy, and i think is my 4win in 5 days in 3years since i started , and i realized what easy is to be a consistency loser it s early to say, i know, and other times i though similar but the present point of view , looking behind and forward is very different.
well done!

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:
 
  #438 (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

this week and what next? add on pb

fantastic transition week, almost at be , found something to focus and be patient, the cobra way, wait wait and attack
for this week, my plan is :
keep the behavior goals above the 70%,
entry in the bottom /top, and add 1 lot on the first PB, and the 3lot in the second pb(well, better this 3 add for the next stage), practice the 1st pyramid in.
keep the 300 per lot goal
prize, i set the cinema daughter/wife travell
do not forget wvpoc mvpoc levels this week

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:
 
  #439 (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

last day

my main issue, continue, want to be right, hold the loser and big loses
today i touch my life limit, and the hurt &all the necesary to continue has a limit, i think i have overpassed
one more that pass to the silent and hidden history
that was my path
thank you to everybody and good luck

La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Reply With Quote
The following 11 users say Thank You to alejo for this post:
 
  #440 (permalink)
Elite Member
milpitas, ca, usa
 
Futures Experience: Intermediate
Platform: Tradestation
Broker/Data: Tradestation, Ameritrade
Favorite Futures: ES, Gold, 10 Yr
 
rahulgopi's Avatar
 
Posts: 1,583 since Feb 2014
Thanks: 1,144 given, 3,525 received



alejo View Post
my main issue, continue, want to be right, hold the loser and big loses
today i touch my life limit, and the hurt &all the necesary to continue has a limit, i think i have overpassed
one more that pass to the silent and hidden history
that was my path
thank you to everybody and good luck

Sorry to hear that you are planning to stop. It takes courage and resolve to do the right thing.

That being said, since you have identified the personal and psychological issues, you may want to focus on addressing the same. if you have a physical illness, you will seek help to address it. Mind is one of the marvelous instrument at your disposal, you identified problems with it, how can you just let go and not fix it ?.

It took millions of years for humans to develop a mind of this caliber. Emotions are our creative expression. Problem is not with mind or emotions, problem is with how we use them. It is like a surgical knife, in the hands of a good Surgeon it is a very useful device BUT very dangerous if one doesn't know how to use them.

Problems you encountered or what ever we perceive only exist in our mind. There is no meaning to anything that happens around us, how the market moves or a nuclear war. We assign a meaning to the meaningless events based on our conditioned mind or belief systems. This is why some events, a group may perceive as right while another may perceive as barbaric - based on their belief systems.

Your problems only exist in your mind. It happens because you assigned certain meanings to certain events and choose to act accordingly. The fact of the matter is, you created these belief systems and you have the power to change them. You are soo identified with the creation ( your identity / beliefs ), you forgot the fact that you are the creator and have the power to change it.

Remember, your current personality is JUST one organization of infinite possibilities. IF you were adopted by say some Indian parents when you were 3 and grew up in a different part of the world, you will have a very different belief systems and values. Most of your beliefs and values you hold as truth are not yours, society you grew up , cultural circumstances etc programmed it for you. They are not you, they are just programs and you can change it.

So please dont identify with your problems like need to be right or fear of loss etc. They are just beliefs and you can change them. All you need is a little distance between you and your thoughts. The ego identification which you hold dearly as truth will loose its power once you cast a little light of awareness on it.

A lot of traders struggle for the same reason. If you have identified certain unproductive behavior patterns, dont just work around it, deal with it and face them head on. I hope you take all the lessons you learned and work on to address them. It will help you in every aspect of your life, not just trading if you choose to work on it again in the future.

Wish you good luck with everything !!.


Last edited by rahulgopi; November 13th, 2015 at 05:34 PM.
Reply With Quote
The following 12 users say Thank You to rahulgopi 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 07:34 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 2017-12-17 in 0.19 seconds with 20 queries on phoenix via your IP 54.163.209.109