Emotionless Trading - Psychology and Money Management | futures io social day trading
futures io futures trading


Emotionless Trading
Updated: Views / Replies:1,443 / 6
Created: by mainstream Attachments:0

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
 
Thread Tools Search this Thread
 

Emotionless Trading

  #1 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Master
Platform: Kinetick Ninja Trader <7>
Broker/Data: Ninja & IB
Favorite Futures: YM & Equities & Options & Mutual Funds
 
Posts: 174 since Jun 2010
Thanks: 56 given, 82 received

Emotionless Trading

I find it strange that so many of the traders here believe that being completely stoic is the way to trade. No Emotions. Follow the system to the letter.

More and more I'm finding that when I listen to emotions during the trade, the more winning trades I have.

Like when I feel the "stall" in price movement, determining whether it's going to go sideways, retrace or continue, and what is the amount of time it could take in each of scenarios, is a lot more feel, than system. Or when a trade is going against me, getting out before my stop gets punked, or reversing...

Just thought I'd throw that out there and see if anyone else happens to agree, or if I'm on an island on that one.

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)
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: 29,354 given, 83,237 received


I think emotionless trading is one of those things traders go thru on their journey.

They start with making a lot of mistakes, usually from emotion (psychology), then they try to eliminate all emotion to correct the problem.

The truth is somewhere in the middle like most things. To quote Dr. Brett, "If you trade without emotion you have no feel for the markets" (something like that).

Sent from my DROIDX using Tapatalk

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
 
  #4 (permalink)
Student Of The Markets
New York
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Favorite Futures: E-mini S&P 500
 
Posts: 753 since Aug 2010
Thanks: 448 given, 433 received


mainstream View Post
I find it strange that so many of the traders here believe that being completely stoic is the way to trade. No Emotions. Follow the system to the letter.

More and more I'm finding that when I listen to emotions during the trade, the more winning trades I have.

Like when I feel the "stall" in price movement, determining whether it's going to go sideways, retrace or continue, and what is the amount of time it could take in each of scenarios, is a lot more feel, than system. Or when a trade is going against me, getting out before my stop gets punked, or reversing...

Just thought I'd throw that out there and see if anyone else happens to agree, or if I'm on an island on that one.

This is more in line with subjectivity than your emotions. Emotions create fear and greed. Fear in that you bail out of a winning trade because the price movement goes against you. Or hesitate to pull the trigger when you see an edge. Greed in that you try take more out of a trade than than what the market is giving you.

Cheers
Ryan

Reply With Quote
 
  #5 (permalink)
Elite Member
Italy - Roma
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: Index futures
 
jagui's Avatar
 
Posts: 195 since Jul 2010
Thanks: 248 given, 278 received

Emotions can't be eliminated. One should listen to them and use them as just another indicator. Some emotions are really your inner self seeing something in the market and trying to tell you.

Reply With Quote
The following user says Thank You to jagui for this post:
 
  #6 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received


mainstream View Post
I find it strange that so many of the traders here believe that being completely stoic is the way to trade. No Emotions. Follow the system to the letter.

More and more I'm finding that when I listen to emotions during the trade, the more winning trades I have.

Like when I feel the "stall" in price movement, determining whether it's going to go sideways, retrace or continue, and what is the amount of time it could take in each of scenarios, is a lot more feel, than system. Or when a trade is going against me, getting out before my stop gets punked, or reversing...

Just thought I'd throw that out there and see if anyone else happens to agree, or if I'm on an island on that one.

Thats " intuitive " trading you are describing . Nothing wrong with intuitive trading but for many , like you said , its about the odds and the long run of probabilities . For me it is about odds and probabilities but thats what works for me and it fulfills my trading needs . I think each market and instrument is best approached by either a methodical or intuitive approach . Index eminis are a good place to develop an intuitive approach whereas currencies are better if approached with a method . The way prices move in forex is very different than index futures and its tough to consistently anticipate price moves but ES tends to let you feel its about to "stall" .

Good topic too , I agree in that a lot of people here might be spooked by getting a beating so they cling to a rigid set of rules .

BTW - Id be careful with the emotions and dont get caught knowing whats going to happen next . Its a good way to start omitting stop orders, cutting winners short and leaves you vulnerable to a death spiral . This is coming from someone whos been there .

Reply With Quote
The following 2 users say Thank You to Eric j for this post:
 
  #7 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Master
Platform: Kinetick Ninja Trader <7>
Broker/Data: Ninja & IB
Favorite Futures: YM & Equities & Options & Mutual Funds
 
Posts: 174 since Jun 2010
Thanks: 56 given, 82 received

So I tried to go solely on emotion feel for the indexes just to see what would happen, and it wasn't a disaster at all.

However, it is not easy to sit in a trade and wait for it go your way in those cases. It's a jittery trade, which in my book, isn't a good way to trade.

My thoughts on the subject now - adjust targets and stops after frequent market assessment of the intensity of price action... that said, you never know, when in a thin trade, whether someone's is going to drop a 500 lot to bust some stops.

Reply With Quote

Reply



futures io > > > Emotionless Trading

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
     


All times are GMT -4. The time now is 02:31 AM.

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 2017-12-17 in 0.12 seconds with 18 queries on phoenix via your IP 54.82.56.95