Thinking Fast and Slow - Psychology and Money Management | futures io social day trading
futures io futures trading


Thinking Fast and Slow
Updated: Views / Replies:496 / 2
Created: by rahulgopi Attachments:0

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
 
Thread Tools Search this Thread
 

Thinking Fast and Slow

  #1 (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

Thinking Fast and Slow

This is an interesting read to draw awareness into the flaws of our thinking system. How we form biases while drawing conclusions and how most of the time it is flawed and not statistically sound. Intuition as per Daniel Kahneman is a bye-product of practice and experience. Experience draws statistically sound conclusion while a novice may draw biased and flawed conclusion given the same problem / situation. Very apt reading for traders, even thou bit long .

>-----<
which line is longer ?
<----->

A bat and ball together cost $1.20. Bat is $1 more than the ball. How much does each one cost ?

Observe the first answer that comes to your mind, the fast one

http://www.amazon.com/Thinking-Fast-Slow-Daniel-Kahneman/dp/0374533555


Last edited by rahulgopi; April 12th, 2015 at 11:05 AM.
Reply With Quote
The following 2 users say Thank You to rahulgopi for this post:
 
  #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)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received


I have this book and is very interesting, Kahneman done a real good work in economical psychology, especially concerning human judgment and decision theory in conditions of uncertaint, for which he won a nobel prize.

Take your Pips, go out and Live.
Luke.

Last edited by LukeGeniol; April 12th, 2015 at 09:51 AM.
Reply With Quote
The following user says Thank You to LukeGeniol for this post:

Reply



futures io > > > Thinking Fast and Slow

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
Thinking about going Elite JGSmith Beginners and Introductions 10 September 29th, 2015 08:22 PM
Thinking Outside the Box drago1 Trading Journals 9 June 18th, 2014 08:07 PM
Thinking Outside the Box curi0usTLDR The Elite Circle 2 March 22nd, 2013 11:36 PM
Creative thinking trendisyourfriend Off-Topic 0 April 15th, 2011 10:29 AM


All times are GMT -4. The time now is 02:40 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 2017-12-12 in 0.06 seconds with 19 queries on phoenix via your IP 54.90.207.75