The last hurdle of fear. - Psychology and Money Management | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Psychology and Money Management

The last hurdle of fear.
Started:October 23rd, 2014 (02:17 PM) by eclipsemf Views / Replies:249 / 2
Last Reply:October 23rd, 2014 (02:45 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

The last hurdle of fear.

Old October 23rd, 2014, 02:17 PM   #1 (permalink)
Elite Member
Manchester NH
Futures Experience: Intermediate
Platform: Thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: /ES
Posts: 86 since Feb 2014
Thanks: 28 given, 55 received

The last hurdle of fear.

I have been trading live since September 15th of this year with the past year doing all of my back testing, paper trading, classes ect. I will start off on my trading plan.

2 Contracts traded from 9:30 to 12 at the latest. Take any and all trades that follow my set up (I wont go in to the details but usually 2-3 per morning) 1 contract is a fixed number at 1.25 points and the other is a runner that gets brought to break even+1 once the profit is at 87.50.

Since September 15th I started very good was up 7.63% in just 2 weeks but since October 6th I have been in a slight slide for my trading dropping down to around 4% still not bad but could be better. Right now I am only taking the first trade of the day with one contract and then after going back to the paper account to do more practice and looking for tweaks. The last 3 days I have just paper traded the full 2 contracts with my full method in place. In just these 3 days I have pulled in $1462.50 worth of profits and I know if I trade this in the live markets I can come very close to replicating this.

My finical position is great right now, really couldn't be better for starting out day trading. But I cant seem to pull the trigger on multiple contracts and taking more than the first trade of the day.

So I am looking for some advice on what I should do or where I should go to help this out. I know trading only 1 contract is killing my p/l so I need to step up at some point, and go for the full method which I know that works.

Here is my journal for people that want to read more in to it.

Thanks for the help in advance

Reply With Quote

Old October 23rd, 2014, 02:17 PM   #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.


Old October 23rd, 2014, 02:45 PM   #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: 45,447 since Jun 2009
Thanks: 28,847 given, 79,601 received

You need to give yourself a lot (lot) more time. You can't pull the trigger because you don't have confidence yet to risk more. It takes time, and it's wise to start slow because you will stumble, fall, crash and burn at some point. Better to do it small scale and make sure you have the capital to continue learning after that happens.

You can't rush it is the short answer.

Keep your journal, keep working every day, eventually you'll be comfortable increasing size.


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.
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 4 users say Thank You to Big Mike for this post:

Reply > Futures Trading, News, Charts and Platforms > Psychology and Money Management > The last hurdle of fear.

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Europe Still a Hurdle for Market and a New Worry—Earnings Quick Summary News and Current Events 0 September 10th, 2011 12:10 AM
Stock Market Investors Battle Fear, Fear and Fear Quick Summary News and Current Events 0 August 11th, 2011 05:10 AM
Week Ahead: Market Faces Its Next Hurdle—the Jobs Report Quick Summary News and Current Events 0 July 1st, 2011 08:50 PM
Obama-GOP Tax Deal Clears Hurdle by Passing Senate Vote Quick Summary News and Current Events 0 December 15th, 2010 02:10 PM
In Europe, Britain May Face Largest Debt Hurdle Quick Summary News and Current Events 1 May 27th, 2010 01:41 AM

All times are GMT -4. The time now is 05:23 AM.

Copyright © 2016 by 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 2016-10-27 in 0.08 seconds with 19 queries on phoenix via your IP