Simba, The Best Trader in the World - Psychology and Money Management | futures io social day trading
futures io futures trading


Simba, The Best Trader in the World
Updated: Views / Replies:7,575 / 63
Created: by George 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 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
 5  
 
Thread Tools Search this Thread
 

Simba, The Best Trader in the World

  #51 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,232 received

George, you should post a pic of Simba

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #52 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Sittin' in front of the fridge.


Big Mike View Post
George, you should post a pic of Simba

Mike


Reply With Quote
 
  #53 (permalink)
Elite Member
Sweden
 
Futures Experience: Master
Platform: TT, NT, MetaTrader
Broker/Data: Velocity Futures, MB Trading
Favorite Futures: EUR/USD
 
George's Avatar
 
Posts: 401 since Jun 2009
Thanks: 1,005 given, 1,167 received


Fat Tails,

I also enjoy your replies, and I want to thank you for adding the glow to the thread!


Now, about being open minded. Our biggest problem as humans is our mind (read ego), and its projection upon things. Everyone that we perceive outside of our selves is actually a mirror of us. How come?
Well, think of it as a projection that only contains your own personal ingredients. You're perceiving another human being in front of you, but all the attributes you're giving him/her are based on your set of information stored in your mind. Hence the mirror effect.

So maybe that's why I wish for the more open minded and conscious state. But overall I still believe that we're heading towards an era where "soft science" is taking over the "hard". And if you want to see a change (and we definitely need it as humans) then become the change instead of, well you know...the normal, it's impossible, it doesn't matter if I make the change and no one else will follow, etc., etc..


And yes, those mortal fools... I kind of like that line....sounds like a line from a movie!
One way of seeing them is not to see them. See it as those @sholes banks, that I'm draining!
Sorry for that one! It was personal. For me it is a moral thing! It's better for me to think and feel, that I'm taking money from the banks, instead of "innocent" traders!



Thank you for the compromise. It's a deal! I take it.
During the 60' it was made an experiment where a group of people were wearing special made glasses. Those glasses made them see the world upside down. After a period of 3 weeks, the brain made the shift back to "normal", meaning that even though one saw the world upside down with those glasses, the people that had them wearing for 3 weeks, made the change back to "normal" due to their brain.

The only problem was that as soon as they took them off, the world was upside down again. So it took them another additional 3 weeks in order to shift back.

Thanks to this experiment, we learned that it takes about 3 weeks to implement a change into our subconscious mind. Remember, everything that is a habit for you is so because it's rooted in your subconscious mind.

So I very much agree both with you and Steenbarger!

Guys put on your glasses and GO FOR IT! Three weeks it's all it takes!

But then again, you have to see that you're making it right and correct. Quoting Fat Tails "But this requires thousands of hours of well-spent screentime."

The last part (the one with thousands of hours) is though for the being unconsciously competent part. So put your focus on finding what WORKS FOR YOU! And remember guys that if you spend those hours wrong, it's not even enough with 10 thousands of hours.

Go for quality instead of quantity. The quantity is a bi product, that comes along.


Well, Fat Tails, we seem to have found an equal frequency somehow!

But I still wish to emphasize, the projection of our expectations and how important that is. But that I'll do in the reply's to come!


Fat Tails View Post
Enjoying your replies, George....

This one needs several answers, so I'll split that up!



May I assume that you are a creationist? And do you think that that humans are becoming more conscious and open-minded?

Someone in this forum has cited Gann, I have not verified that this was done correctly "If you will only study the weakness of human nature and see what fools these mortals be..."

The guy who cited Gann would disagree with you.



Nope, I am not a scientist. Agree with you here, science is used as an alibi most of the time, also see chapter 2 "The Concept of The Conventional Wisdom" by John Kenneth Galbraith in his book "The Affluent Society".



Let me propose a compromise. Trading is counter-intuitve in the first place, as it needs planning and rationalizing to overcome basic weaknesses, such as greed, fear or loss-aversion. The dificult part of trading is unlearning the offensive behaviour and learning new rules. I love the books of Brett Steenbarger. He well describes this difficult task.

Once you have learned the new behaviour and repeated it over and over again, your subconscious will take over and perform tasks more efficiently. But this requires thousands of hours of well-spent screentime.


We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
Reply With Quote
The following user says Thank You to George for this post:
 
  #54 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Hi George,

the thousand hours of screentime is not for putting on the glasses but for building them. I agree, if you take a master as a mentor who has a pair of glasses for you, that might speed up the process.

However, this would leave you vulnerable. The markets change all the time, and the trading approach of the master may not work in a couple of months time. Then you will have to run back to your optometrist to get new glasses. Just putting on new glasses and start trading is like flying a passenger plane after having read the instruction manual. If you take over during flight, it will work, but if you run into trouble you need to hand back the joy stick to the real pilot.

You can't buy money and you can't buy experience.

That said, I am suspicious that you wrote those lines hoping we would forget about the pic of Simba.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #55 (permalink)
Elite Member
Sweden
 
Futures Experience: Master
Platform: TT, NT, MetaTrader
Broker/Data: Velocity Futures, MB Trading
Favorite Futures: EUR/USD
 
George's Avatar
 
Posts: 401 since Jun 2009
Thanks: 1,005 given, 1,167 received

Mike & Fat Tails,

Maybe.....I will post a picture of Simba! Fist I have to catch him in a glorious position!
After all he's got a reputation now!

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
Reply With Quote
 
  #56 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Glorious Simba - Slightly Off Topic


George View Post
Mike & Fat Tails,

Maybe.....I will post a picture of Simba! Fist I have to catch him in a glorious position!
After all he's got a reputation now!

You put him somewhere up. That makes him already look more important. Then you look for his most impressive side. Just like the Simba below.

The Simba below is a copy of the Idstedt-Lion, which had been installed by the Danish army in Flensburg after their victory in 1850. The lion is the heraldic animal of Denmark. After the German-Danish war of 1864 Prussian and Austrian troops reconquered Schleswig and brought the original lion, somewhat damaged, to Berlin, where it was restaurated and then spent some 80 years of holidays. Eisenhower discovered the lion in 1945 and sent it back to Copenhagen. There are still ongoing discussions between the German and Danish Government to reinstall the original lion in Flensburg. Actually this is planned for September, 10, 2010.

The copy below was commanded by a banker in 1874 and has remained in Berlin. I just remembered this pic, when you were talking about a glorious position.

Attached Thumbnails
Simba, The Best Trader in the World-26072006-002-.jpg  
Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #57 (permalink)
Elite Member
Sweden
 
Futures Experience: Master
Platform: TT, NT, MetaTrader
Broker/Data: Velocity Futures, MB Trading
Favorite Futures: EUR/USD
 
George's Avatar
 
Posts: 401 since Jun 2009
Thanks: 1,005 given, 1,167 received

Al right Guys,

You asked for it!!!


PS: And remember size don't matter! (Well, maybe not always)

Here he comes!

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
Reply With Quote
The following 3 users say Thank You to George for this post:
 
  #58 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Looks like a bat! Can it fly?


George View Post
Al right Guys,

You asked for it!!!


PS: And remember size don't matter! (Well, maybe not always)

Here he comes!

Attachment 16856

Attachment 16857


Reply With Quote
 
  #59 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,232 received

Thx George, he is posing for the camera


Fat Tails View Post
Looks like a bat! Can it fly?

I think Fat Tails had some bad experiences with dogs growing up It's ok Simba, just ignore him!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #60 (permalink)
Elite Member
Sweden
 
Futures Experience: Master
Platform: TT, NT, MetaTrader
Broker/Data: Velocity Futures, MB Trading
Favorite Futures: EUR/USD
 
George's Avatar
 
Posts: 401 since Jun 2009
Thanks: 1,005 given, 1,167 received



Big Mike View Post
Thx George, he is posing for the camera



I think Fat Tails had some bad experiences with dogs growing up It's ok Simba, just ignore him!

Mike

Thanks Mike

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
Reply With Quote

Reply



futures io > > > Simba, The Best Trader in the World

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
What in the World Are They Spraying? tellytub Off-Topic 0 January 29th, 2011 07:02 PM
Articles about finance, world economy etc. cclsys Off-Topic 1 February 5th, 2010 01:03 PM


All times are GMT -4. The time now is 03:06 PM.

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 2017-12-14 in 0.15 seconds with 20 queries on phoenix via your IP 54.145.16.43