Why are we always trading the wrong side? - futures io
futures io



Why are we always trading the wrong side?


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Sandpaddict with 10 posts (9 thanks)
    2. looks_two Cutloss with 8 posts (12 thanks)
    3. looks_3 lightsun47 with 6 posts (9 thanks)
    4. looks_4 MNSTrading with 6 posts (17 thanks)
      Best Posters
    1. looks_one MNSTrading with 2.8 thanks per post
    2. looks_two Cutloss with 1.5 thanks per post
    3. looks_3 lightsun47 with 1.5 thanks per post
    4. looks_4 Sandpaddict with 0.9 thanks per post
    1. trending_up 3,773 views
    2. thumb_up 102 thanks given
    3. group 23 followers
    1. forum 47 posts
    2. attach_file 4 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Why are we always trading the wrong side?

(login for full post details)
  #41 (permalink)
 MNSTrading 
Grand Rapids, Michigan
 
Experience: None
Trading: Commodities and Russell
 
MNSTrading's Avatar
 
Posts: 158 since Nov 2015
Thanks: 59 given, 326 received


Sandpaddict View Post
Markets are fractal. (Oh geez gonna get cutloss going again).

So no that's NOT true.

If you trade longer timeframes it just means you'll have bigger losses and bigger wins albeit longer timeframes are more stable.


Sent using the futures.io mobile app

I don't disagree that markets are fractal, but so is cauliflower. Its still easier to snap off a small piece than a bigger one. But some people get in the markets because they like drama and excitement. If that's the case I say enjoy all the whipsaw.

Coming, they can't be denied. Going, they can't be detained.
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to MNSTrading for this post:

Can you help answer these questions
from other members on futures io?
Does anyone have the code for Anchored Vwap to use in Qu …
Traders Hideout
Coding first profitable weekly open
Elite EasyLanguage Algorithmic Trading
Anchored VWAP on different timeframes
Platforms and Indicators
how to avoid these type of trades in algo
NinjaTrader
Brad Cowan
Trading Reviews and Vendors
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
50 thanks
Why dont people trade 150 ES contracts?
40 thanks
Any long term success stories from funded traders in the …
26 thanks
How to work on strategy
26 thanks
Am I finally on the right path?
18 thanks
 
(login for full post details)
  #42 (permalink)
 MNSTrading 
Grand Rapids, Michigan
 
Experience: None
Trading: Commodities and Russell
 
MNSTrading's Avatar
 
Posts: 158 since Nov 2015
Thanks: 59 given, 326 received


Cutloss View Post

This will be my last post. Good luck to you and never forget when you are on the wrong side even if you reverse it will be the wrong side again.

I hope you mean last post on this thread and not forever. We need as many smart people around here as we can get.

Coming, they can't be denied. Going, they can't be detained.
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to MNSTrading for this post:
 
(login for full post details)
  #43 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: Futures
 
Sandpaddict's Avatar
 
Posts: 643 since Mar 2020



MNSTrading View Post
I don't disagree that markets are fractal, but so is cauliflower. Its still easier to snap off a small piece than a bigger one. But some people get in the markets because they like drama and excitement. If that's the case I say enjoy all the whipsaw.

LOVE IT!

Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #44 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: Futures
 
Sandpaddict's Avatar
 
Posts: 643 since Mar 2020


MNSTrading View Post
Yep. Be as long on time frame as you possibly can (I say)

Not disagreeing here but guaranteed someone somewhere trades monthly candles.

I doubt even alot of the longer time framers here might find that their style?

Daylies would probably be noise in that case.

Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #45 (permalink)
dbreen1
San Antonio
 
 
Posts: 8 since Feb 2020
Thanks: 1 given, 10 received

I started out day trading futures, and the way I see it is if you can do it and make money then by all means, but I couldnt and it sounds like your having trouble. Time to look at the market from a different perspective. Trying to pick tops and bottoms intraday is a sure fire way to broke. Why is price moving in that direction? Why does it seem like your shooting logical orders and then the market goes against you? Look into the theory of price action market structure as well as volume / price theory. For example, the russ 2k on may 10th heavily rejected price in the 2270 region, and being in a downtrend I figured the next rejection would be around the 60 - 75% retrace zone at 2240. On May 18, as price headed past 2225, thats where I waited for my chance, and went short 5 contracts at 2235 which I closed at open the next day ( I had a feeling the overnights would continue pressing the market down ), at 2170 for a good profit. If chart patterns work for you then study them, but i prefer the pivot points ( supply/demand chokes ), market profiles, and intermediate term trend analysis. You have to find your style, know why and when you want to enter the market with how much loss your willing to risk, and stick with what makes you money. Always be confident until the market proves you wrong, then either cut losses or take whatever profits off the table, before the market eats it. And more importantly, brush it off and begin to plan your next entrance whether its 2 hours or a week away, be patient. Good luck.

Reply With Quote
The following 2 users say Thank You to dbreen1 for this post:
 
(login for full post details)
  #46 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: Futures
 
Sandpaddict's Avatar
 
Posts: 643 since Mar 2020

I was driving yesterday and it hit me. Ever been in heavy trafic and you see the guy jumping lanes TRYING to get ahead?

Well TO that guy hes always in the slow lane because as soon as he gets in one lane the other starts moving faster.

What does he do? Jump lanes! What inevitably happens? He PUTS himself in the slow lane!

In the end I found I made it to the end of our journey together at the same time but I rode calmly the whole time and had the same result (luckily for him it does not cost to change lanes!)

So it's not deep or anything just a good way to look at the fact psychology we DO IT to ourselves.

Cheer. Best of days to you all.

Joseph

Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #47 (permalink)
 Spaceman 
Gilbert, AZ USA
 
Experience: Beginner
Platform: Ninjatrader
Trading: Futures
 
Posts: 7 since Apr 2021
Thanks: 0 given, 4 received

One way to fight psychology is to make sure that you have very well defined rules for entry, exit, and risk / money management for your trading, and stick to it. If you can follow the rules you laid out and wind up with a loser, it's easier to move on knowing you did what you set out to do and your setup was good, but the market turned against you.

Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #48 (permalink)
Phoenixoboros
Paris France
 
 
Posts: 13 since Feb 2021
Thanks: 20 given, 5 received

Traders buy when it's exploding up/sell when it's diving down = Fear Of Missing Out
Traders cut their winners short and let their loosers run.
That's my take on why traders are often on the wrong side of the market.

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


futures io Trading Community Psychology and Money Management > Why are we always trading the wrong side?


Last Updated on November 23, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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