Paul Rotter: A Recent Interview - Psychology and Money Management | futures io social day trading
futures io futures trading


Paul Rotter: A Recent Interview
Updated: Views / Replies:1,658 / 4
Created: by Anagami 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
 

Paul Rotter: A Recent Interview

  #1 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received

Paul Rotter: A Recent Interview

Today I stumbled on a relatively recent interview with Paul Rotter (2014, the most recent one out there). Enjoy.

It's interesting how he contradicts himself in the article, recommending and NOT recommending scalping at the same time... a flexible thinker.

Some favorite quotes:

"... I would say trading is not really for humans."

"You must really like scalping to do it. It never affected my heart rate, but I did have some digestive problems after a while."

"Sometimes I would sell at the low and someone would laugh at me for doing that, but I actually gained information, maybe by seeing there was big demand at that level. If they lifted a big offer of mine then I knew someone wants to buy and then I would try to go long. So it was very different thinking to what these guys thought I was doing."

"I think it is even more stressful if you're a longer-term trader because you hold the positions that might be wrong and not going your way. Something can happen over-night, and I think you need stronger nerves."

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
Reply With Quote
The following 4 users say Thank You to Anagami 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
Tallinn, Estonia
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Oanda
Favorite Futures: USOil / West Texas Oil
 
lemons's Avatar
 
Posts: 789 since Nov 2010
Thanks: 1,420 given, 1,997 received

I like this part of interview


I think everybody would say it is the discipline and money management, which is actually very hard.

When I was trading on my own I didn't have the benefit of that person enforcing discipline.
If you have someone to do that then it is fantastic because it is very important. Some days nothing works. And next day you come in and everything is fantastic.

Reply With Quote
 
  #4 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received

It's easy to pass over the interview in the mode of 'I know all that'... but anyone who traded a million contracts a day and never blew up has got my attention.

He seems like a nice, humble, and down to earth guy. No pretensions and no bullshit, solid advice and thoughts.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
Reply With Quote
 
  #5 (permalink)
Elite Member
Wiltshire, United Kingdom
 
Futures Experience: Beginner
Platform: daytradr
Broker/Data: Working on a TST combine
Favorite Futures: ES
 
matthew28's Avatar
 
Posts: 382 since Sep 2013
Thanks: 363 given, 444 received

Anagami. Thanks for posting this. I learnt about Paul Rotter from John Grady's course material.
Agree that he sounds 'down to earth', and with the quote about trading not really being for humans. I think most people have been guilty of stopping early on winning days and carrying on when losing. I certainly have and it is a hard one to crack.

Reply With Quote

Reply



futures io > > > Paul Rotter: A Recent Interview

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Help Me Nail My Interview InvestorsArmy Emini Index Futures Trading 20 March 18th, 2015 09:20 PM
Anyone heard of Paul Rotter incometrade Traders Hideout 17 March 11th, 2015 01:55 AM
Interview With Jim Rogers kbit News and Current Events 0 May 1st, 2011 11:37 AM
Searching a daytrader for an interview sunflowerh Beginners and Introductions 2 May 14th, 2010 04:05 PM
Authentic interview Poocher Off-Topic 2 March 14th, 2010 05:51 PM


All times are GMT -4. The time now is 11:09 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 2017-12-18 in 0.09 seconds with 19 queries on phoenix via your IP 54.226.113.250