caffeine and trading - Psychology and Money Management | futures io social day trading
futures io futures trading


caffeine and trading
Updated: Views / Replies:10,323 / 144
Created: by Itchymoku Attachments:27

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
 27  
 
Thread Tools Search this Thread
 

caffeine and trading

  #81 (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: 46,336 since Jun 2009
Thanks: 29,452 given, 83,950 received

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


Mike

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
The following 8 users say Thank You to Big Mike for this post:
 
  #82 (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: 46,336 since Jun 2009
Thanks: 29,452 given, 83,950 received



Mike

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
The following 2 users say Thank You to Big Mike for this post:
 
  #83 (permalink)
 R.I.P. 1987-2018 
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Posts: 2,895 since Apr 2012
Thanks: 1,683 given, 3,643 received


Sometimes I simply like to take a break and go for a drive to get coffee. It's enjoyable to drive my car alone, but I like to add a purpose to it. I'll take the back roads where all the nice trees and houses are to get some. Sometimes I'll drive through a town and walk around there.

Lately the markets have been really lackluster which is a great indication that a break is needed. I'll even go as far to say sometimes it's good to take a break from forums and the internet. Seeking too much advice can distort ones original focus. Hopefully sometime after labor day the volatility will pick up. There's nothing worse than being all pumped up to trade without a very conducive market to jump in.

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

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
The following 2 users say Thank You to Itchymoku for this post:
 
  #84 (permalink)
 R.I.P. 1987-2018 
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Posts: 2,895 since Apr 2012
Thanks: 1,683 given, 3,643 received

https://www.yahoo.com/food/how-cubans-do-coffee-coffee-is-one-of-those-97899185256.html

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
 
  #85 (permalink)
 R.I.P. 1987-2018 
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Posts: 2,895 since Apr 2012
Thanks: 1,683 given, 3,643 received

decided to take the next step

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


Since coffee isn't good enough and a Starbucks iced latte costs $4.50, I decided to cut my costs and bring the store home. I bought a black & Decker espresso mio machine, syrup, and espresso. This way I can make them for myself at a fraction of the cost. Another perk is that the drinks taste a lot better homemade.

Basically the cost of a latte homemade costs roughly a dollar.

Here's the breakdown:

$15 for the espresso maker

$26 for syrup and espresso

makes roughly 42 drinks!

That would be $189 worth of latte bought in store.

189 - 41 = 148 dollars saved.

This doesn't even account for the longevity of the espresso maker which will probably last through another bag of espresso and syrup.

So basically you're getting ripped off when you buy these drinks at the coffee shop. 41 dollars for all the ingredients and equipment (not including the water, milk, microwave, or the electricity used) makes 42 drinks, so that basically means that same latte costs roughly a dollar and you don't have to tip!

You might say "Itchy that doesn't account for the cost of a real espresso machine" to which my response is yes, it kind of does. A real espresso machine would last the duration of more than 42 drinks. You could probably make hundreds of drinks in a real machine. Remember that 41 dollars of cost for 42 drinks includes the cost of the mio machine I bought. In all honesty with buying espresso and syrup in bulk, the real cost of a latte from the store is probably even less than a dollar minus labor and overhead.

No wonder they're opening up stores all over the place!

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


And yes I did just drink one

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.

Last edited by Itchymoku; September 28th, 2014 at 10:06 AM.
Reply With Quote
The following user says Thank You to Itchymoku for this post:
 
  #86 (permalink)
Daytradr
Hanover, Germany
 
Futures Experience: Intermediate
Platform: NinjaTrader 7
Favorite Futures: ES
 
Scalpingtrader's Avatar
 
Posts: 1,534 since Apr 2014
Thanks: 2,097 given, 3,515 received
Forum Reputation: Legendary

Way overpriced

... yet people buy that stuff. Regularly

You can be better tomorrow than you are today.
Reply With Quote
The following 2 users say Thank You to Scalpingtrader for this post:
 
  #87 (permalink)
1.Fibs 2.??? 3.Profit
Puerto Rico
 
Futures Experience: Intermediate
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: ES
 
rmejia's Avatar
 
Posts: 384 since Oct 2010
Thanks: 3,597 given, 424 received

Coffee is the only "bad" habit I have left, too much will give me acid reflux. Been slowly cutting back from 3-4 full cups a day to 2 espressos. I love the Nespresso machines, so easy to use. The second one I bought is the Lattissima which seemed like it could be easy to add milk to the coffee, but now I just drink it black with a little bit of honey. Takes a little over a minute to make coffee. The pods are around 65 cents I think, so saving some money vs Starbucks $5 "premium" coffee. Even the Starbucks pod system is expensive.

Attached Thumbnails
caffeine and trading-delonghi-en520_4ec091f31b3c2.jpg  
Reply With Quote
The following user says Thank You to rmejia for this post:
 
  #88 (permalink)
 R.I.P. 1987-2018 
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Posts: 2,895 since Apr 2012
Thanks: 1,683 given, 3,643 received


rmejia View Post
Coffee is the only "bad" habit I have left, too much will give me acid reflux. Been slowly cutting back from 3-4 full cups a day to 2 espressos. I love the Nespresso machines, so easy to use. The second one I bought is the Lattissima which seemed like it could be easy to add milk to the coffee, but now I just drink it black with a little bit of honey. Takes a little over a minute to make coffee. The pods are around 65 cents I think, so saving some money vs Starbucks $5 "premium" coffee. Even the Starbucks pod system is expensive.

I was curious if you noticed any reduction in acid reflux after switching from coffee to espresso? I'm not sure if that was what you were insinuating or not.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
 
  #89 (permalink)
1.Fibs 2.??? 3.Profit
Puerto Rico
 
Futures Experience: Intermediate
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: ES
 
rmejia's Avatar
 
Posts: 384 since Oct 2010
Thanks: 3,597 given, 424 received

I ended up going to a gastrointerologist having no clue what was up. I quit coffee and other acidic stuff for a while after that to get back to normal levels, now I just drink less coffee, can't quit it completely... I used to drink a lot tho, 4 big cups during the day, now I probably drink 1/4 less, 2 small cups. Each of the big cups was prob 2 of the small ones I drink now. I just like coffee, and went from 1 regular cup, to 2, 3, 4 large cups until my body said "take it easy".

Just had one around 1:30 pm, also trying out what they say about cortisol levels. Pretty hard to resist the urge to drink 1st thing when I wake up, and 9:30 is the worst time to be making coffee right at market open, lol, I do it around 9:20 quickly.

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


Last edited by rmejia; September 29th, 2014 at 02:10 PM.
Reply With Quote
 
  #90 (permalink)
 R.I.P. 1987-2018 
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Posts: 2,895 since Apr 2012
Thanks: 1,683 given, 3,643 received



rmejia View Post
I ended up going to a gastrointerologist having no clue what was up. I quit coffee and other acidic stuff for a while after that to get back to normal levels, now I just drink less coffee, can't quit it completely... I used to drink a lot tho, 4 big cups during the day, now I probably drink 1/4 less, 2 small cups. Each of the big cups was prob 2 of the small ones I drink now. I just like coffee, and went from 1 regular cup, to 2, 3, 4 large cups until my body said "take it easy".

Just had one around 1:30 pm, also trying out what they say about cortisol levels. Pretty hard to resist the urge to drink 1st thing when I wake up, and 9:30 is the worst time to be making coffee right at market open, lol, I do it around 9:20 quickly.

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

But I was thinking maybe the switch to espresso instead of regular coffee would help with the acid reflux considering a shot of espresso has less content and the same amount of caffeine as a cup of coffee.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote

Reply



futures io > > > caffeine and trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only
 

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Scams: Prediction Point Trading, Hindsight Trading, Market Mover Trading flipper26 Trading Reviews and Vendors 7 April 30th, 2018 12:41 PM


All times are GMT -4. The time now is 08:11 AM.

Copyright © 2018 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 2018-05-27 in 0.13 seconds with 40 queries on phoenix via your IP 54.224.91.58