How do you remain calm while in trade. - Psychology and Money Management | futures io social day trading
futures io futures trading


How do you remain calm while in trade.
Updated: Views / Replies:1,736 / 33
Created: by kanepa Attachments:1

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 – 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.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

How do you remain calm while in trade.

  #1 (permalink)
Elite Member
philadelphia pa
 
Futures Experience: Intermediate
Platform: ninja
Broker/Data: NinjaTrader Brokerage
Favorite Futures: es
 
Posts: 92 since Jul 2017
Thanks: 218 given, 189 received

How do you remain calm while in trade.

Hi all.

What do you do to remain calm and focused when you are in a trade? I am getting better. Running getting stopped out or getting out with profit in my head in detail images with funny music(Think this trick was from NLP) But still, emotionally, I am no where near I would like to be at. I can sense my pulse is going up and emotional changes against each tick movements.

I do know for a fact.
-My previous trades result has nothing to do with current trade.
-I do not have control over the market
-I am comfortable with my risk amount
-I can not get out at top or bottom.
-I believe my system has a good chance of winning over long periods of time.

Knowing all this, still getting emotional..any thoughts?
Thank you.

Reply With Quote
 
  #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)
Market Wizard
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,564 since Dec 2012
Thanks: 14,128 given, 7,956 received



kanepa View Post
Knowing all this, still getting emotional..any thoughts?

Rising pulse still one of the main hurdles for all of us. Best two actions I have found for myself are consciously breathing slower and (don't laugh) moving further away from the screen once a trade is active..

Cheers

Travel Well
Reply With Quote
The following 14 users say Thank You to ratfink for this post:
 
  #4 (permalink)
Elite Member
Sydney, NSW, Australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES. FDAX, CL. GC
 
Posts: 1 since May 2016
Thanks: 0 given, 1 received

Auto trade and go and have a beer.

Sent using the futures.io mobile app

Reply With Quote
The following 4 users say Thank You to HappyLife for this post:
 
  #5 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 4,293 since Jan 2013
Thanks: 31,458 given, 14,017 received
Forum Reputation: Legendary


kanepa View Post

Knowing all this, still getting emotional..any thoughts?
Thank you.

I imagine you will still be emotional, at least until trading well become old hat for you.

Since this may take a while, I suggest not fighting your emotions, but still acting correctly, whether emotional or not. (Yes, easier said than done , but still something to try for.)

One thing is just to have clear entry and exits, stops in place, and then keep that hand away from the mouse. This reduces my impulse to Do Something.

"Hand off the mouse" is a good mantra.

Bob.

Reply With Quote
The following 8 users say Thank You to bobwest for this post:
 
  #6 (permalink)
Elite Member
Seattle WA
 
Futures Experience: Beginner
Platform: IB TWS, MC.NET, CQG
Broker/Data: InteractiveBrokers, Optimus/AMP
Favorite Futures: NQ
 
Posts: 120 since Jun 2017
Thanks: 23 given, 191 received

Hand off the mouse... need to print that and leave it somewhere. I suffer the same thing so badly, in particular with winners. Enter bracket order with entry, stop and profit target. Watch trade move to 75% of target and then freak out and exit at market at first sign of weakness.

Sent using the futures.io mobile app

Reply With Quote
The following user says Thank You to teajay for this post:
 
  #7 (permalink)
Market Wizard
North Carolina
 
Futures Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 591 since Nov 2011
Thanks: 231 given, 659 received
Forum Reputation: Legendary

Are you a discretionary trader? If you are not then the simple answer is that it doesn't really matter how you feel provided you do not act on it. In other words, it will have no bearing on your profit or loss. That should help you to relax just knowing it. If you trade multiple contracts then simply trade a smaller size.

If you are a system trader, you might want to use that energy to brainstorm for ideas but instead of acting on them immediately, instead jot them down and program them.

All the following applies to discretionary traders

For a discretionary trader, the points you mention are all very valid. I think there are 2 things that help (1) recognize what you cannot control and (2) focus on what you can control. As for "cannot get out at a top or bottom". I tend to agree. However, a good trader can certainly get out at a peak or valley.

I think what might help is to visualize taking a loss and being calm. Visualize some various types of things such as taking a small loss and going on to recover. Taking a "bad loss" that takes you out to the tick. Visualize/focus on how you want to react to that. This is tricky but often a single aggressive re-try and then a shut down or slow down is most-likely to be effective and rational.

I have a somewhat related problem which is that when I trade multiple contracts (currently on tryout) I am often surprised at the size of the losses. The DOM doesn't show the value. Normally I can get in many trades without taking any risk but sometimes the market goes against me. So, I will take several trades with no risk but if I make a mistake with multiple contracts then the losses can be much larger then anticipated. I think I need to visualize the new tick value and size of losses.

In general for discretionary traders, what I find helps. I should take my own advice is to do a "personal/emotional self check" before trading. I will introspect my mood. If I am fearful then I will introspect that, as well. The purpose is to introspect all feelings and see if any rational action needs to be taken. I think like Dr. Steenbarger was saying it is the routine that helps. Normally, if I feel the market will do something then it does it. But, I will introspect different sorts of feelings and see how the market reacts. For example, I found normally if I get a feeling a trade won't work or is going bad or to get out, often that's the right thing to do. The market seems to move from highest uncertainty states though. So, it is never 100% clear if we are in an uncertainty state. However, if I am fear biased and not reading the market well then I notice my feelings may not have value. So there are different types of feelings. For an experienced trader, feelings are often valuable but not all feelings are equal. The more receptive or predictive feelings often derive in high awareness states while the less predictive feelings often have lower awareness associated with them. As an example, if I'm in a long trade and reading the market and get a feeling to get out of a trade then usually the market will fall. It might go higher eventually but will certainly fall. On the other hand, if I were to money fearful then that's a different sort of fear that is not based on the market dynamics. It is less predictive.

A discretionary trader is always introspecting. Most people don't like to do that because it is not pleasant. Again as a system trader, the psychology bit is really overblown.


kanepa View Post
Hi all.

What do you do to remain calm and focused when you are in a trade? I am getting better. Running getting stopped out or getting out with profit in my head in detail images with funny music(Think this trick was from NLP) But still, emotionally, I am no where near I would like to be at. I can sense my pulse is going up and emotional changes against each tick movements.

I do know for a fact.
-My previous trades result has nothing to do with current trade.
-I do not have control over the market
-I am comfortable with my risk amount
-I can not get out at top or bottom.
-I believe my system has a good chance of winning over long periods of time.

Knowing all this, still getting emotional..any thoughts?
Thank you.



Last edited by tpredictor; March 1st, 2018 at 12:39 PM.
Reply With Quote
The following 2 users say Thank You to tpredictor for this post:
 
  #8 (permalink)
Papa Hodler
Sydney, Australia
 
Futures Experience: Master
Platform: TT & CQG
Favorite Futures: Bonds of every country (AU/UK/CA/EU/US), Commodities (Soft, Hard, Metals), Currencies,
 
s0mmi's Avatar
 
Posts: 24 since Oct 2016
Thanks: 10 given, 106 received

After 7 years inside a Prop trading firm I can tell you the answer is this;

1. People who know what they're doing will not get stressed and and remain calm

2. People who don't know what they're doing will be stressed out (i.e. trying to 'wing it' or being super 'adaptive')

If you have done the numbers and the research then you will be significantly ahead of the game in terms of mental fortitude and calmness.

When a market scenario happens outside of your studies and research, you will always be nervous. This is why I research (by hand) every 1-5min candle for my spread strategies for the past 5 yrs (Doing 10 is better but the volatility is different over time).

Reply With Quote
The following 12 users say Thank You to s0mmi for this post:
 
  #9 (permalink)
Trading Apprentice
Mumbai, India
 
Futures Experience: Intermediate
Platform: Rithmic
Favorite Futures: CL
 
Posts: 15 since May 2018
Thanks: 0 given, 12 received

While the outcome of trading is money (plus, minus or flat) trading per se is not dealing with money. It is mechanics, it is time series, it is numbers in motion. That's it. We need to disconnect the money from these numbers in motion.

How do we do that? Detach or non-attach. How? Meditation is the slow and long answer. Brainwave entrainment is the quicker one. There will be trial and error as you progress; just stick to what you are inwardly happy with. Audio technologies also exist that help alter our beliefs and hence how we see things; including the numbers in motion.

Reply With Quote
 
  #10 (permalink)
Trading Apprentice
Reading UK
 
Futures Experience: None
Platform: Sierra
Favorite Futures: Euro
 
Posts: 24 since Jan 2018
Thanks: 20 given, 62 received



CLNymex View Post
While the outcome of trading is money (plus, minus or flat) trading per se is not dealing with money. It is mechanics, it is time series, it is numbers in motion. That's it. We need to disconnect the money from these numbers in motion.

How do we do that? Detach or non-attach. How? Meditation is the slow and long answer. Brainwave entrainment is the quicker one. There will be trial and error as you progress; just stick to what you are inwardly happy with. Audio technologies also exist that help alter our beliefs and hence how we see things; including the numbers in motion.

That right there is a riddle wrapped in a puzzle communicated in encrypted semantics.

Care to elaborate w.t.h. you are talking about?

Reply With Quote

Reply



futures io > > > How do you remain calm while in trade.




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

September Journal Challenge (sponsored by TopstepTrader)

September

Free Elite Membership: Twitter Tuesday and Facebook Friday!

Tue & Fri
 

Trading with Python: Using Machine Learning w/Ran Aroussi [12:30PM ET]

Elite only

TopstepTrader (TBD)

Sep 25

RandBots (TBD)

Sep 27

Anthony Drager (TBD)

Oct 4
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
In need of a coach/mentor/advice for keeping calm and confident in a trade emptymind Psychology and Money Management 13 December 11th, 2016 12:24 PM
After Davos: Global Calm, or Profound Change? Quick Summary News and Current Events 0 January 22nd, 2013 09:00 PM
Calm Before the Storm? What Low VIX May Mean for Stocks Quick Summary News and Current Events 0 July 10th, 2012 02:50 PM
Markets Are Calm—But May Be Too Calm, Say Industry Pros Quick Summary News and Current Events 0 January 15th, 2012 05:40 PM
listen to a calm voice before you take a trade cory Off-Topic 2 June 4th, 2010 12:09 PM


All times are GMT -4. The time now is 08:22 AM. (this page content is cached, log in for real-time version)

Copyright © 2018 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 2018-09-20 in 0.11 seconds with 14 queries on phoenix