Stress free trading - futures io
futures io futures trading

Stress free trading

Discussion in Psychology and Money Management

    1. trending_up 1,949 views
    2. thumb_up 8 thanks given
    3. group 2 followers
    1. forum 1 posts
    2. attach_file 0 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

Search this Thread

Stress free trading

(login for full post details)
  #1 (permalink)
Experience: Intermediate
Platform: NinjaTrader
Trading: fx
Posts: 21 since Mar 2010
Thanks: 18 given, 11 received

This is a great site and I wanted to contribute so I am going to tell everyone here what I wish someone would have told me. Or maybe they did and I just couldn't hear them. In any case for anyone still struggling this cliches can change your life substantially.

1. Manage Risk First.
For my personal psychology I have found that trading risk is critical. I would much rather not have to worry about being right as much. When you trade 1:2 RR trades or better, you don't fear the losers anywhere near as much.

2. Plan the trade, trade the plan.
I also have found that trading a plan is critical. If you do not know what it is you are doing until you are pulling that trigger it is much more difficult to think on your feet.
Because of the above factors I am more of a daily/4hr chart type of guy.
Many people argue against that kind of trading and say but you can make so much more day-trading, at which point I have to ask how much they are actually making.

3. Accept Your Risk
The most important thing in this for me is understanding that their is no guarantees. This is more than fine print from your broker, this is a fact of life. Most, if not all of us of us who seriously try to become traders are very determined people and we tend to be the types that subscribe to a self determination philosophy. Which has it's place but we must realize that the only thing we really have control over is our actions and the way we respond to life. Their is no guarantee the failure of 2003 is not the grail of 2009. In this game we trade risk. We determine probabilities, we do all that we can to get to the point that we can trust in those numbers and then we just have to trade the plan.
Once we commit to a trade or a plan we must stay committed. Ride the trade until it fails and ride the plan until it fails and never risk more on either of them than you are prepared to loose.
It is that simple.

4. See the big picture
We humans have a natural recency bias which can serve us to some extent but we need to be able to keep the big picture in mind. Play with some Monte Carlo data sets and understand the type of loosing streaks that are possible. Define your risk and accept it.

I know many people are into this because they like the rush and their seems to be a consensus that emotional attachment to the game is necessary. I personally disagree and think it is a great way to burn out.

Maybe it is different for some of you because you are so gifted, but for those of you who are on the roller coaster of agony and ecstasy implementing these ideas is a great way to change your trip up.

I hope this helps.

Started this thread Reply With Quote
The following 8 users say Thank You to Zach b for this post:

Journal Challenge February 2021 results:
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(173 thanks from 31 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(120 thanks from 33 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(35 thanks from 17 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)

futures io Trading Community Psychology and Money Management > Stress free trading

Last Updated on April 25, 2010

Upcoming Webinars and Events

NinjaTrader Indicator Challenge!


Battlestations! Show us your trading desk - $1,500 in prizes!


Call Option Buying: The New Pain Trade? w/Carley Garner

Elite only

Importance of Finding Your Own Way w/Adam Grimes

Elite only

New Challenge (TBD)


Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
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