The secret to how your brain works - Psychology and Money Management | futures io social day trading
futures io futures trading


The secret to how your brain works
Updated: Views / Replies:4,187 / 44
Created: by Grantx Attachments:5

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 100,000 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
 5  
 
Thread Tools Search this Thread
 

The secret to how your brain works

  #21 (permalink)
Legendary Guesser
Reading UK
 
Trading Experience: None
Platform: Sierra
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,549 since Oct 2016
Thanks: 2,115 given, 3,910 received

Life has no destination

I was listening to Alan Watts rambling (and boy can he warble on) and in amongst the blah blah blah was a nugget of gold which I would like to share with you. I felt that this applies to trading because we all fall into this trap of setting a goal that once achieved, gives us permission to define ourselves as traders. What we dont realise is that it becomes un achievable because when your goal is 'out there' you miss what is happening right now.
Here is what he was saying (slightly edited and a bold highlight for a great quote):


What is the point? The existence of the physical universe is basically playful, there is no necessity for it. It doesn't have some destination that it ought to arrive at. It is best understood by analogy with music. Music as an art form and is essentially playful.

We say you play the piano you don't work a piano. This is why music differs from travel. when you travel you are trying to get somewhere. one doesn't make the end of a composition the goal of the composition. if that was so, the best conductors would be those who played fastest and who wrote only finales. And you wouldnt get people going to concerts just to hear one crashing end chord!

When dancing you don't aim at a particular spot in the room with the intention of arriving there. The whole point of the dancing is the moving around.

This is something brought by our education into our everyday lives. We've got a system of schooling which programs us with the wrong approach. It's all graded and what we do is we put the child into the corridor of this grade system where they lured through with end goals. First its kindergarten which is a great thing because when you finish that, you get into first grade and then to second grade and so on. And then you get out of grade school you go to high school. And your mind is revving up because the destination is coming. then you go to college and by Joe then you get into graduate school and when you're through with graduate school you go out to join the world.

Then you get a job where you're selling something and they've got that quota to make and you're working towards that, and all the time this destination is coming. That great success you're working for.

Then when you wake up one day about 40 years old you say my god I've arrived I'm there but the thing is you don't feel very different from what you always felt.

Look at the people who live to retire and put those savings away and then when they 65 they don't have any energy left. they're more or less impotent.

We just miss the point along the way. it is a musical thing and you are supposed to dance to the music

Reply With Quote
The following 7 users say Thank You to Grantx for this post:
 
  #22 (permalink)
London UK
 
Trading Experience: Beginner
Platform: CQG
Broker/Data: S5
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 4,601 since Sep 2015
Thanks: 11,229 given, 9,740 received

About your last post, look up TED Shawn Achor on YouTube

Reply With Quote
The following user says Thank You to xplorer for this post:
 
  #23 (permalink)
SF, CA/USA
 
Trading Experience: Beginner
Platform: SC
Broker/Data: Stage 5
Favorite Futures: ES, 6E, sometimes NQ, and occasionally CL
 
jackbravo's Avatar
 
Posts: 1,327 since Jun 2014
Thanks: 4,141 given, 2,358 received



Grantx View Post
I was listening to Alan Watts rambling (and boy can he warble on) and in amongst the blah blah blah was a nugget of gold which I would like to share with you. I felt that this applies to trading because we all fall into this trap of setting a goal that once achieved, gives us permission to define ourselves as traders. What we dont realise is that it becomes un achievable because when your goal is 'out there' you miss what is happening right now.
Here is what he was saying (slightly edited and a bold highlight for a great quote):


What is the point? The existence of the physical universe is basically playful, there is no necessity for it. It doesn't have some destination that it ought to arrive at. It is best understood by analogy with music. Music as an art form and is essentially playful.

We say you play the piano you don't work a piano. This is why music differs from travel. when you travel you are trying to get somewhere. one doesn't make the end of a composition the goal of the composition. if that was so, the best conductors would be those who played fastest and who wrote only finales. And you wouldnt get people going to concerts just to hear one crashing end chord!

When dancing you don't aim at a particular spot in the room with the intention of arriving there. The whole point of the dancing is the moving around.

This is something brought by our education into our everyday lives. We've got a system of schooling which programs us with the wrong approach. It's all graded and what we do is we put the child into the corridor of this grade system where they lured through with end goals. First its kindergarten which is a great thing because when you finish that, you get into first grade and then to second grade and so on. And then you get out of grade school you go to high school. And your mind is revving up because the destination is coming. then you go to college and by Joe then you get into graduate school and when you're through with graduate school you go out to join the world.

Then you get a job where you're selling something and they've got that quota to make and you're working towards that, and all the time this destination is coming. That great success you're working for.

Then when you wake up one day about 40 years old you say my god I've arrived I'm there but the thing is you don't feel very different from what you always felt.

Look at the people who live to retire and put those savings away and then when they 65 they don't have any energy left. they're more or less impotent.

We just miss the point along the way. it is a musical thing and you are supposed to dance to the music

This is awesome. Thanks for sharing! I've always that way, just waiting to get to the next step. Yeesh. But what's the better way to do it if you're not going to be results oriented?

1. You don't know the future.
2. Anything can happen in the market, including:
-market stops you out and keeps going to unimaginable levels
-market stops you out and reverses direction to hit your initial target
-market hits your target and keeps going to unimaginable levels
Reply With Quote
The following 2 users say Thank You to jackbravo for this post:
 
  #24 (permalink)
Legendary Guesser
Reading UK
 
Trading Experience: None
Platform: Sierra
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,549 since Oct 2016
Thanks: 2,115 given, 3,910 received


jackbravo View Post
This is awesome. Thanks for sharing! I've always that way, just waiting to get to the next step. Yeesh. But what's the better way to do it if you're not going to be results oriented?

Good question. One that I struggled with as well.
I figured that I cannot control market direction but I can control how I interact with it. A positive trading outcome is the result of proper preparation, procedures, restraint and discipline. If you practice deliberate focus on these areas, you should start to see positive returns.
Enjoying what you are doing is also a vital ingredient.
So for me the answer was deliberate attention to mindset, approach and procedure and the rest would hopefully take care of itself.
And it does

Reply With Quote
The following 3 users say Thank You to Grantx for this post:
 
  #25 (permalink)
Legendary you know what!
Indianoplace, IN
 
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: CQG
Favorite Futures: 6B, 6E, 6J, NQ
 
Rrrracer's Avatar
 
Posts: 1,763 since Feb 2017
Thanks: 10,453 given, 6,257 received

Watts has some great perspective. I'm a fan.


Reply With Quote
The following 3 users say Thank You to Rrrracer for this post:
 
  #26 (permalink)
SF, CA/USA
 
Trading Experience: Beginner
Platform: SC
Broker/Data: Stage 5
Favorite Futures: ES, 6E, sometimes NQ, and occasionally CL
 
jackbravo's Avatar
 
Posts: 1,327 since Jun 2014
Thanks: 4,141 given, 2,358 received

"All wretch and no vomit..."

Well...that's a metaphor if I'ever ever heard one.

1. You don't know the future.
2. Anything can happen in the market, including:
-market stops you out and keeps going to unimaginable levels
-market stops you out and reverses direction to hit your initial target
-market hits your target and keeps going to unimaginable levels
Reply With Quote
The following 2 users say Thank You to jackbravo for this post:
 
  #27 (permalink)
Legendary you know what!
Indianoplace, IN
 
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: CQG
Favorite Futures: 6B, 6E, 6J, NQ
 
Rrrracer's Avatar
 
Posts: 1,763 since Feb 2017
Thanks: 10,453 given, 6,257 received


jackbravo View Post
"All wretch and no vomit..."

Well...that's a metaphor if I'ever ever heard one.

Yep, ye olde dry heaves... worse than puking because you're going through the motions but without the payoff.

Reply With Quote
The following user says Thank You to Rrrracer for this post:
 
  #28 (permalink)
Legendary Guesser
Reading UK
 
Trading Experience: None
Platform: Sierra
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,549 since Oct 2016
Thanks: 2,115 given, 3,910 received


Rrrracer View Post
Yep, ye olde dry heaves... worse than puking because you're going through the motions but without the payoff.

Great core workout though. Twist slightly while dry heaving and you target those obliques

Reply With Quote
The following user says Thank You to Grantx for this post:
 
  #29 (permalink)
Legendary you know what!
Indianoplace, IN
 
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: CQG
Favorite Futures: 6B, 6E, 6J, NQ
 
Rrrracer's Avatar
 
Posts: 1,763 since Feb 2017
Thanks: 10,453 given, 6,257 received


Grantx View Post
Great core workout though. Twist slightly while dry heaving and you target those obliques

Well hell, I'm up for a good workout, let's start drinking!

Reply With Quote
The following user says Thank You to Rrrracer for this post:
 
  #30 (permalink)
Legendary Guesser
Reading UK
 
Trading Experience: None
Platform: Sierra
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,549 since Oct 2016
Thanks: 2,115 given, 3,910 received


Julian Baggini is awesome. You should read his book - the pig that wants to be eaten.

Reply With Quote
The following user says Thank You to Grantx for this post:

Reply



futures io > > > The secret to how your brain works

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How a trader's brain REALLY works kbit News and Current Events 1 July 11th, 2014 09:23 PM
My Brain Therapy jikhtiari Elite Trading Journals 14 July 10th, 2013 09:06 AM
Investing's Impact on the Brain of a Trader kbit Off-Topic 6 January 2nd, 2012 04:45 PM
right brain dominant trading traderTX Psychology and Money Management 2 August 27th, 2011 11:43 AM
An Ode To The Brain Lornz Off-Topic 1 June 27th, 2011 05:19 PM


Tags
ai, amp, automatically, chat, correlation, cot, data, dom, dow, es, est, feedback, futures, how to, indicators, information, loss, market direction, moving stop loss, patterns, people, pivots, price action, quotes, recognition, recurring, retire, reverse, reward, short, short term, signals, sinewave, software, standing, stop loss, store data, support, systems, traded, trading, type, universe

All times are GMT -4. The time now is 09:34 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, 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 2019-06-16 in 0.20 seconds with 14 queries on phoenix