Combating Recency Effects in Trading - Psychology and Money Management | futures io social day trading
futures io futures trading


Combating Recency Effects in Trading
Updated: Views / Replies:788 / 2
Created: by ptcm 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
 

Combating Recency Effects in Trading

  #1 (permalink)
Elite Member
Taiwan
 
Futures Experience: Intermediate
Platform: TradeStation
 
Posts: 40 since Jun 2010
Thanks: 6 given, 11 received

Combating Recency Effects in Trading

not sure if this happened to you guys, but I have had this problem from time to time.

I had a great SHORT trade in HSI futures yesterday. Somehow I came in this morning with a short bias unsubconsciously . I went short. Mkt initially went lower but reversed. I did not cover/reverse my position as quickly as I should be. Ususally I do this real quick as soon as the entry point is jeopardized.

I've reviewed my entry point and indicators. I've found no other reasons except for "Recency Effects."

You always remember your last great trade, even though it has no correlation with your brandnew trade whatsoever. Somehow my brains just play tricks on me.

Anyone has experience on how to overcome that ?

many thanks..

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)
Just starting out...
Europe
 
Futures Experience: Advanced
Platform: Various
 
Posts: 13 since Oct 2010
Thanks: 0 given, 14 received


A very good question indeed.

All human beings are habitual - no need to know why, just know it is a part of life. We tend to repeat certain things we do very often, and other things not so often - the "often" things are either things we "have" to do, or things we "like" to do.

To become a consistent winner at trading, one must be able to switch off completely form the normal day things that we are used to - this requires a strong will and dedication, and is far harder to do than many think!

To me, what you have described seems to indicate that you have not done adequate groundwork before placing the trade, and you have allowed a previous trade prevent you from doing what you "need" to do.

I have a Rule No.1 that works very well for me, and that is..

"EVERY trade is a loser, until it is closed for a profit"

NYSE

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

Reply



futures io > > > Combating Recency Effects in 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
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
question on BP effects and roll overs grltrader Currency Futures 6 June 18th, 2011 12:12 PM
Why High Gas Price Effects May Be Different This Time Quick Summary News and Current Events 0 April 13th, 2011 08:50 PM
Asia Steel Makers Fret over Long-Term Flood Effects Quick Summary News and Current Events 0 January 6th, 2011 04:30 AM


All times are GMT -4. The time now is 03:50 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 2017-12-17 in 0.08 seconds with 19 queries on phoenix via your IP 107.20.115.174