"If Only..." - Psychology and Money Management | futures.io
futures.io futures trading

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Psychology and Money Management

"If Only..."
Started:July 19th, 2010 (10:56 AM) by Slipknot511 Views / Replies:623 / 3
Last Reply:July 22nd, 2010 (08:46 AM) Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

"If Only..."

Old July 19th, 2010, 10:56 AM   #1 (permalink)
Elite Member
Springfield,Missouri, USA
Futures Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Futures: CL, TF, 6E
Slipknot511's Avatar
Posts: 176 since May 2010
Thanks: 60 given, 306 received

"If Only..."

While responding to another post, I got to thinking about a subject that was better posted here.

I call it the "If Only" syndrome (or "I.O.S." if I were a pharmaceutical company)

Part of the fascination with manipulating price in countless ways is purely psychological. I think it appeals to the "If Only" syndrome. We all know it: "IF ONLY I could find the right type of bars to use, THEN I'd be profitable". You can substitute almost anything for "type of bars": indicator, broker, data feed, computer, system, etc. - ad nauseum. It's not just trading either. We all have the disease. Most people spend their whole life trapped in the "IF Only" cycle. "If only I had the right job, then I'd be happy". "If only I had the right spouse, then I'd find happiness". "If only I had the right car....". "If only I could become a successful trader...". OUCH! now I'm hitting too close to home.

I have to constantly stop my self from playing the "IF Only" game. Not just in my trading activities either. I don't think there is any other profession on earth that changes and shapes your life outside of work like trading. ANY personality flaws, weaknesses, etc. WILL be exploited by the market. I think all successful traders have to go through some serious soul-searching if they want to survive in the trading arena.

Reply With Quote
The following 3 users say Thank You to Slipknot511 for this post:

Old July 19th, 2010, 10:56 AM   #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.


Old July 19th, 2010, 01:03 PM   #3 (permalink)
Trading Apprentice
The Market
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, EUR/USD, Other Currencies
ScalpDaddy's Avatar
Posts: 3 since Jul 2010
Thanks: 0 given, 3 received

True, day trading and how one performs on the markets is a window to the soul (for lack of a better phrase). Consider for a moment though that our "condition" existed before we were day traders. Is it the pursuit of wealth all that defines us? I think not. Our personalities show more drastically on the market if it is primary source of income instead of a hobby.

Reply With Quote
The following 2 users say Thank You to ScalpDaddy for this post:

Old July 22nd, 2010, 08:46 AM   #4 (permalink)
Elite Member
Neubrandenburg, Germany
Futures Experience: Advanced
Platform: R
Favorite Futures: Stocks
wh's Avatar
Posts: 539 since Jun 2009
Thanks: 297 given, 474 received

if then

it sounds easy, but we can ... we must believe

you have to learn to follow your way and do not follow the others.
the changes comes ...

if i trade my way, then i gain
if i do not trade my way, then i lose

Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
Reply With Quote


futures.io > Futures Trading, News, Charts and Platforms > Psychology and Money Management > "If Only..."

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Audio interview: "Pulling the Trigger" with Steenbarger, Hirschhorn and Dayton shodson Psychology and Money Management 5 November 13th, 2014 07:20 PM
dealing with GetCurrentBidVolume and GetCurrentAskVolume , "long" casting into "int" jmejedi NinjaTrader Programming 4 May 23rd, 2011 09:33 AM
RJay's "Trader Volume" and "Trader Tick" Indicator Suites RJay The Elite Circle 20 December 20th, 2010 05:01 PM
"time"stop" codes for MC ptcm EasyLanguage Programming 1 September 2nd, 2010 12:57 AM

All times are GMT -4. The time now is 04:40 AM.

Copyright © 2016 by 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 2016-10-28 in 0.08 seconds with 19 queries on phoenix via your IP