Did anyone not have a traumatic start? - Psychology and Money Management | futures io social day trading
futures io futures trading

Did anyone not have a traumatic start?
Updated: Views / Replies:595 / 4
Created: by CeeCeeMcGee 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

Thread Tools Search this Thread

Did anyone not have a traumatic start?

  #1 (permalink)
Elite Member
Los Angeles, CA
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: ES
CeeCeeMcGee's Avatar
Posts: 2 since May 2015
Thanks: 19 given, 3 received

Did anyone not have a traumatic start?

Hi all -- first-time poster here.

I'm reading and watching webinars in preparation for launching my trading in a few months. A few things are coming through loud and clear:
  • It's not easy. Plan to not be consistently profitable for a few years.
  • Frame your goals around remaining consistent and disciplined. Do not aim to make "X dollars by X date".
  • Focus on a handful of setups and aim to become an expert at them. Which implies not overtrading.
  • Hone your execution skills in Sim, introduce psychological factors by trading real money in markets that allow micro trades, like Forex.
  • Then graduate to risking about 1%-2% of your acct balance per trade -- never more.
  • Focus on surviving, not winning.

Question: does anyone know of a trader who did not have an bumpy start? Did not blow up an account (or come close)? Did not struggle, fail, and restart? Basically, are there traders who "got it" from day 1?

I'd like to believe that all the words of wisdom on the forum -- if taken to heart -- can result in skipping over many of the difficulties that most beginners face. Are there real-world examples?

Reply With Quote
The following 2 users say Thank You to CeeCeeMcGee 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
Austin, TX
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: GBU-39
tturner86's Avatar
Posts: 5,828 since Sep 2013
Thanks: 9,881 given, 11,279 received

Odds are if they did they are not here. Most traders come to futures.io (formerly BMT) to learn how to trade. If someone just got it, they wouldn't be looking for information.

Reply With Quote
The following 2 users say Thank You to tturner86 for this post:
  #4 (permalink)
Market Wizard
London UK
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
xplorer's Avatar
Posts: 3,484 since Sep 2015
Thanks: 7,910 given, 5,997 received
Forum Reputation: Legendary

My personal philosophy in life has always been one of looking to make mistakes early on.

I have always believed that, sooner or later, mistakes are going to happen, but when they happen early on they make you stronger.

This could apply to the child that grew up in a mollycoddle household and when they go out in the world (e.g. to high school) they struggle because they're the 'weaker' one, so to speak.

Or perhaps it could apply to a moto racing driver who has had no falls at all, but then later on he gets traumatised by his very first one.

In other words, the world is tough out there and I strongly believe that the more 'bumps' you hit along the road, the better resilient you become.

This applies to trading as well IMO.

Reply With Quote
The following user says Thank You to xplorer for this post:
  #5 (permalink)
Market Wizard
Futures Experience: Advanced
Platform: Spoon!
Rory's Avatar
Posts: 2,743 since May 2014
Thanks: 5,444 given, 8,116 received

A good question to ask.

My experience is that those who experience "trauma" are 95% (or whatever) people, they might even limp along for 5 years but will eventually face reality.

There may be or seem to be many re-invention/redemption stories however I suspect as a percentage.. this is rare and grossly over-reported as it benefits the industry.

Be aware of and understand gambling addiction, if you can stay level headed and can afford the time to learn that is good. But...

Edit: late but as I re-glanced. Your overall analysis is fine but remember things are relative. Is the x time to achieve consistency for a part timer or full timer. If full time and your not there in < 2 years.. probably should reconsider. The type of market traded also affects things greatly. Its really not that difficult once it clicks but subconscious competence kicks in on its own schedule.

Last edited by Rory; March 25th, 2016 at 09:03 PM.
Reply With Quote
The following user says Thank You to Rory for this post:


futures io > > > Did anyone not have a traumatic start?

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
Where do I start???!!! birkmann3 Beginners and Introductions 37 February 21st, 2014 12:24 PM
How to start the new thread dario1 Traders Hideout 3 June 27th, 2012 05:11 PM
SMA with Discretionary Start Time and Start Date for MC tradernovice EasyLanguage Programming 4 July 29th, 2011 06:50 PM
where do I start a journal greggdd Trading Journals 4 March 1st, 2011 12:59 PM
Where to Start? Clueless Platforms and Indicators 4 October 23rd, 2010 07:54 PM

All times are GMT -4. The time now is 07:40 PM.

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 2018-05-22 in 0.08 seconds with 19 queries on phoenix via your IP