Ask any psychological trading thoughts you may have
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 – 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 don’t 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.
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
Posts: 1,648 since Nov 2011
Thanks: 4,862 given,
2,590
received
For John Doe average dude on the street plugging away at his job/career decade after decade.....every person in my family is an example here.... My aunt and uncle who raised me, he worked as a grocery store manager for 40+ years, longer if you count the part time work while he was in high school ....all at the same company. Point is he had a 401k retirement account. If there was not a literal ocean of traders out in the world doing as they do.... the prices that are reported each and everyday by the media would fail to move so well as they do. And when I say well I'm referring to the steady stream of price action and volume not a direction.
I have pondered liquidity, the providing liquidity idea. As individual traders, one dropping off here or there from this profession means nothing. Like stepping on an ant on the sidewalk. The ant colony will be just fine.
If you need to feel from your chosen career a very direct sense of value or purpose to humanity trading might be a bad fit. I believe trading has value to society, mankind the world but it's not as direct as other career paths IMHO. Much more like the ant.
As a group (large group) traders keep the markets healthy for Joe Everyman and his retirement account. The speculator takes the other side of the hedgers trade. Hedgers trade to reduce risk. Hedgers trade huge speculator small (by way of comparison) so the system needs many times more speculators than hedgers. It's helpful IMHO to think about the relationship between hedgers and speculators. The insurance industry hedges (index futures/options, interest rate futures/options), the financial industry hedges (Forex pairs, and also same as insurance listed before IMHO), the food industry hedges (corn and wheat futures etc) the manufacturing industry hedges (copper and gold futures etc) the transportation industry hedges (crude and gasoline futures etc) etc etc. The system won't work for hedgers without the speculators.
Are you ok being this small cog in the wheel, this ant? Does the individual ant have any value to the colony? Most traders fail IMHO because they don't have a solid education regarding their field and by the time they acquire it (if ever) there is no money left to trade, it's now in someone else's account who does have the needed education.
Ron
It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
The following 2 users say Thank You to Blash for this post:
Nope, left as an exercise for students since they always get poor marks on that one.
Alright then, when the smoke and mirrors do unravel the real distinction will be clear. A universe in which financialized assets trade at today's velocity and are somehow judged as being worth hundreds of times more than any real economic wealth tells you all you need to know.
In short, liquidity disappears when it is most needed. Solvency is there when all else have gone by the wayside. Ask JPM.
Seriously - does $6 of debt to create $1 of GDP make any sense to anybody?
Seriously - do stocks trading entire company valuations in minutes make any sense to anybody?
Seriously - do quadrillions of derivative products make any sense to anybody?
Seriously - who owns your house, you or the bank? A good income keeps you liquid. Solvency might be a different matter.
The list of liquidity issues is endless. Real solvency lives in a lot fewer places. And we didn't even start on sovereign issues.
We in here exist as traders. Let's not kid ourselves that we are anything to do with capital formation, that was an old time market's job.
Cheers
Travel Well
The following 4 users say Thank You to ratfink for this post:
People trade for income for the same reasons people slave away at any other job for 40, 50 or 6,000 years...
They do not wish to be homeless, and have ready access to food for them and their family.
That is the primary purpose to earning money. To have shelter. The next is to have food. The next is to have access to etc A, B C etc ad nauseum.
But always, far and above, people earn money to not be homeless (have shelter) and have access to food. That is the primal, most important thing for survival.
Everything else after that is a "luxury". Nothing else matters beyond that. The rest is convenience, or "contrived necessity".
