Too Paranoid? - Psychology and Money Management | futures io social day trading
futures io futures trading


Too Paranoid?
Updated: Views / Replies:2,493 / 37
Created: by MedianVelocity Attachments:1

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
 1  
 
Thread Tools Search this Thread
 

Too Paranoid?

  #1 (permalink)
Banned: User requested
 
Futures Experience: Master
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 135 since Dec 2013
Thanks: 19 given, 127 received

Too Paranoid?

I was getting maybe a little too paranoid reading about how some people were stealing indicators from the members forums and requested images of my proprietary technical analysis system be taken down. Just in case someone were to attempt to try to reverse engineer them. Big Mike said he won't take them down.

Oh well, at least I never posted my entry/exit timing system so W/E.

Am I a bit too paranoid? How paranoid are you when it comes to your trading system/method?

Reply With Quote
 
  #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)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


To clarify, futures.io (formerly BMT) only deletes posts that are spam, copyright violations, or similar. We don't delete because you posted something and later decide you want it removed.

Sent from my LG Optimus G Pro

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #4 (permalink)
Banned: User requested
 
Futures Experience: Master
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 135 since Dec 2013
Thanks: 19 given, 127 received

Ah, it's fine. I didn't show anything very important.

Most traders I met who are half or more mechanical are very paranoid about letting anyone know their rules or how they trade. Curious if people around here think this paranoia is warranted or not. Some trading methods have changed market behavior and motion once people learned about their invention.

I mean, once people started locking onto certain ema cross momentum signals, those signals stopped being valid because everyone was either jumping into the same signal, or someone else was creating the signal by moving the market to trick others.

Reply With Quote
 
  #5 (permalink)
Trading for Fun
New Zealand
 
Futures Experience: Intermediate
Platform: Mac OS X
Broker/Data: MB Trading/AMP/LMAX
Favorite Futures: SL-1210 M5G
 
Posts: 72 since Jun 2011
Thanks: 2 given, 31 received

To be fair it was your own choice to post your "system" to this board.

It's entirely a personal decision whether you want to share. I doubt anyone sees it as paranoia.

A trade secret is a secret, but for how long...

It is much like zero day vulnerability exploits, as an analogy.

Reply With Quote
 
  #6 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received


MedianVelocity View Post
I was getting maybe a little too paranoid reading about how some people were stealing indicators from the members forums and requested images of my proprietary technical analysis system be taken down. Just in case someone were to attempt to try to reverse engineer them. Big Mike said he won't take them down.

Oh well, at least I never posted my entry/exit timing system so W/E.

Am I a bit too paranoid? How paranoid are you when it comes to your trading system/method?

I think perhaps you aren't fully comprehending just how small of a fish you are in the MASSIVE ocean that is the markets. That of course goes for the rest of us retail traders too.

Markets move as a result of banks, pension funds, stimulus, economics etc. They DO NOT move as a result of your sqwiggly lines.

Of course it is natural to want to protect all the hard work you've put into your system. But it may help by remembering to keep some perspective.

Diversification is the only free lunch
Reply With Quote
 
  #7 (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


MedianVelocity View Post
Ah, it's fine. I didn't show anything very important.

Most traders I met who are half or more mechanical are very paranoid about letting anyone know their rules or how they trade. Curious if people around here think this paranoia is warranted or not. Some trading methods have changed market behavior and motion once people learned about their invention.

I mean, once people started locking onto certain ema cross momentum signals, those signals stopped being valid because everyone was either jumping into the same signal, or someone else was creating the signal by moving the market to trick others.

Interesting to hear you've met mechanical traders who are that paranoid. In the forex EA world, it seems to be assumed that once a method has been out and about for a while, it's on a depreciated road of effectiveness until it's useless. I had met a trader who researched and used automated EA's with a VPS server who was was profitable for one year, maybe five years ago, but then it all failed and never worked again no matter what he tried. Overall I think it's true today that algos can guess where the stops are for the majority of momentum systems and there are plenty of resources available to the "big money" to take those stops "out" before resuming.

Reply With Quote
 
  #8 (permalink)
Banned: User requested
 
Futures Experience: Master
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 135 since Dec 2013
Thanks: 19 given, 127 received


DarkPoolTrading View Post
Markets move as a result of banks, pension funds, stimulus, economics etc. They DO NOT move as a result of your sqwiggly lines.

LoL... Not all markets are you a small fish in. When I was a newbie I once sold 100k worth of a penny bio stock during a rally at "market"... The stock was like a dollar thirty or so. The trade made it slip a couple cents.

I walked away from my charts and came back a couple hours later and was like... HOLY $*#*... Good thing I sold then! It slid like fifteen cents. Then I looked at where I placed my trade... The exact top? Wtf?

Then I realized... I had accidentally reshaped the entire daytrading pattern for the stock. My sale had scared the crap out of everyone who saw the order go through sending it into a multi-hour tailspin. That was the trade that made it click and I realized how the markets work. I don't trade stocks for this very reason. Each stocks pattern is controlled and shifted by a few players. Only a few stocks move somewhat naturally at all.

This is why I like the ES and SPY. They are not manipulated intraday. Takes too much money. However, overnight manipulation is semi common.

Reply With Quote
The following user says Thank You to MedianVelocity for this post:
 
  #9 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received


MedianVelocity View Post
LoL... Not all markets are you a small fish in. When I was a newbie I once sold 100k worth of a penny bio stock during a rally at "market"... The stock was like a dollar thirty or so. The trade made it slip a couple cents.

I walked away from my charts and came back a couple hours later and was like... HOLY $*#*... Good thing I sold then! It slid like fifteen cents. Then I looked at where I placed my trade... The exact top? Wtf?

Then I realized... I had accidentally reshaped the entire daytrading pattern for the stock. My sale had scared the crap out of everyone who saw the order go through sending it into a multi-hour tailspin. That was the trade that made it click and I realized how the markets work. I don't trade stocks for this very reason. Each stocks pattern is controlled and shifted by a few players. Only a few stocks move somewhat naturally at all.

This is why I like the ES and SPY. They are not manipulated intraday. Takes too much money. However, overnight manipulation is semi common.

Ok, maybe you can move a penny stock. I very much doubt you can move the ES. I think your sqwiggly line strategy is safe.

Diversification is the only free lunch
Reply With Quote
 
  #10 (permalink)
Banned: User requested
 
Futures Experience: Master
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 135 since Dec 2013
Thanks: 19 given, 127 received


I don't manipulate any markets. It's illegal.

Watch the video on youtube of Cramer where he talks about manipulating the ES overnight upto ten points to attempt to shift the market mood in his favor. He has an interview where he spills some secrets about his old hedge fund days.

I think it was also one of the reasons he blew up. Nobody is big enough to fight the motion of the S&P except the fed.


Last edited by MedianVelocity; December 28th, 2013 at 03:58 AM.
Reply With Quote
The following user says Thank You to MedianVelocity for this post:

Reply



futures io > > > Too Paranoid?

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
     


All times are GMT -4. The time now is 05:57 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 0.13 seconds with 19 queries on phoenix via your IP 54.145.16.43