Psychological Reversed - Psychology and Money Management | futures io social day trading
futures io futures trading


Psychological Reversed
Updated: Views / Replies:2,068 / 14
Created: by rtrade 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
 

Psychological Reversed

  #1 (permalink)
Elite Member
Paradise, USA
 
Futures Experience: Beginner
Platform: Big Charts
Favorite Futures: E-mini, Forex, Futures, Equities, Options
 
rtrade's Avatar
 
Posts: 502 since Nov 2010
Thanks: 578 given, 375 received

Psychological Reversed

What exercise is there if you are psychological reversed in trading?

You know:
when I buy...the market goes down.
when I sell...the market goes up.
when I stay out of the market, it's moving nicely.
when I enter the market it's in the slop/chop zone.

If I fix that, there's nothing that will stop SUCCESS!

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received


https://futures.io/psychology-money-management/5904-if-its-so-easy-loose-money-why-dont-you-reverse-your-trades.html

Reply With Quote
 
  #4 (permalink)
Elite Member
Holland, Michigan
 
Futures Experience: None
Platform: ninjatrader
Broker/Data: CQG
Favorite Futures: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,802 since Jun 2009
Thanks: 23,771 given, 5,600 received


rtrade View Post
What exercise is there if you are psychological reversed in trading?

You know:
when I buy...the market goes down.
when I sell...the market goes up.
when I stay out of the market, it's moving nicely.
when I enter the market it's in the slop/chop zone.

If I fix that, there's nothing that will stop SUCCESS!

When you learn of such an exercise, PLEASE post it here!!! LOL

TIA,

Rick

Reply With Quote
 
  #5 (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: 29,352 given, 83,233 received

Step 1. Position yourself for success.
Step 2. Think positively.
Step 3. Measure your strengths and weaknesses.
Step 4. Hold yourself accountable.
Step 5. Learn from your mistakes.

Those are a good start.

Mike

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
 
  #6 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Two steps added:

Step 1. Position yourself for success.
Step 2. Follow a method with a proven edge.
Step 3. Think positively.
Step 4. Report the results.
Step 5. Measure your strengths and weaknesses.
Step 6. Hold yourself accountable.
Step 7. Learn from your mistakes.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #7 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


rtrade View Post
What exercise is there if you are psychological reversed in trading?

You know:
when I buy...the market goes down.
when I sell...the market goes up.
when I stay out of the market, it's moving nicely.
when I enter the market it's in the slop/chop zone.

If I fix that, there's nothing that will stop SUCCESS!

Make sure your technical frame of reference is up to snuff before repairing your mind.

Reply With Quote
 
  #8 (permalink)
Elite Member
Paradise, USA
 
Futures Experience: Beginner
Platform: Big Charts
Favorite Futures: E-mini, Forex, Futures, Equities, Options
 
rtrade's Avatar
 
Posts: 502 since Nov 2010
Thanks: 578 given, 375 received



Your on to something MT, it should be, "so easy to MAKE money..." not "so easy to loose money." I know it's really deep to understand what you stated. It is like a battered women not leaving her spouse, why...when all she has to say is "NO", and leave... yet she still stays with her abusive partner...go figure.


trs3042 View Post
When you learn of such an exercise, PLEASE post it here!!! LOL

TIA,

Rick

I'm afraid I'll have to discover a system specifically for traders...brrr


Big Mike View Post
Step 1. Position yourself for success.
Step 2. Think positively.
Step 3. Measure your strengths and weaknesses.
Step 4. Hold yourself accountable.
Step 5. Learn from your mistakes.

Those are a good start.

Mike

Ahhh, gee, thanks Mike, each one of those bullets are book onto itself...no, even more...courses onto itself...more self discovery here I come.


Fat Tails View Post
Two steps added:

Step 1. Position yourself for success.
Step 2. Follow a method with a proven edge.
Step 3. Think positively.
Step 4. Report the results.
Step 5. Measure your strengths and weaknesses.
Step 6. Hold yourself accountable.
Step 7. Learn from your mistakes.

Thanks Fat Tails for adding two more books to my work load...


trendisyourfriend View Post
Make sure your technical frame of reference is up to snuff before repairing your mind.

Sorry trends but I have disagree on the order of you reasoning. Repairing my mind is first, otherwise the technical frame work will be incorrect.

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Reply With Quote
 
  #9 (permalink)
Elite Member
Paradise, USA
 
Futures Experience: Beginner
Platform: Big Charts
Favorite Futures: E-mini, Forex, Futures, Equities, Options
 
rtrade's Avatar
 
Posts: 502 since Nov 2010
Thanks: 578 given, 375 received

1. Position myself for success.

hmm, let me think about this tonight...

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Reply With Quote
 
  #10 (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: 29,352 given, 83,233 received



rtrade View Post
1. Position myself for success.

hmm, let me think about this tonight...

For me, in general it means that you can't expect to outperform your trading peers if you are not positioned as well as them. Picture yourself on the floor of the exchange for a moment, surrounded by trading peers. Now ask yourself how you stack up against these people:

- Capitalization
- Experience

I just mean for example if the majority of your peers are better capitalized than you, then that is going to be a main weakness of yours. If the majority of your peers are not trading with rent money, and you are, again that has major ramifications. So you need to position yourself, set yourself up for success from the beginning, before you ever place a trade.

Mike

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

Reply



futures io > > > Psychological Reversed

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
A Psychological Win Today Blz17 Psychology and Money Management 4 April 3rd, 2016 09:34 AM
My Journey to Psychological and Physical Health ZTR Psychology and Money Management 78 December 30th, 2010 02:19 PM


All times are GMT -4. The time now is 06:58 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 2017-12-14 in 0.13 seconds with 19 queries on phoenix via your IP 54.226.227.175