Going Beyond Psychology to make Winning Trades and Nice Profits - Psychology and Money Management | futures io social day trading
futures io futures trading


Going Beyond Psychology to make Winning Trades and Nice Profits
Updated: Views / Replies:16,047 / 125
Created: by Shivaya Attachments:6

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 – 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 don’t 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
 6  
 
Thread Tools Search this Thread
 

Going Beyond Psychology to make Winning Trades and Nice Profits

  #41 (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


Shivaya View Post

Step one is learn to read charts.
Step two is SIM trade for 90 days
Step three is Virtual trade for the rest of your life.
Step four is understand money management
Step five is trade with real money

Now what is Virtual Trading? It is the weld that joins SIM to REAL. This is where you imagine yourself doing the trades in a sweet sweet state, executing perfectly, feeling all the wonderful energy of being a master trader.

When you move from SIM to REAL there is no doubt. You are a trader in your sweet consciousness before you become one in the REAL world of trading. If you doubt this I am telling you, you will lose. I've seen it over and over.

SIM~VIRTUAL~REAL

Your fingers will just click automatically, when you see your setup. No Fear. When there is no more fear you are ready.

Sweet Trades!

Shivaya


Hi Shivaya,

I would like to believe that... and in a big way I do. But where you are in your trading and where I'm at in trading...I believe there's a big divide, a huge gap. It would be like you, knowing already how to walk and you teaching me how to walk...by saying, "It's easy" ... eventually I will agree with you.

I used tennis in a previous post to describe trading because of all of it's components. When I first learned tennis, just the basics, performing countless drills of leaning how to do a forehand; a backhand; volley forehand; volley backhand; serving...and each components became more specific, like being able to slice the ball or give it top spin or a power serve or a kick serve etc...I thought I knew the game of tennis (trading).

And just as I thought I knew the game of tennis... I didn't know the "real game of tennis" I just knew the components of (trading). Once you play an opponent that's when you begin to start seeing how all of the components (of trading) come together. And looking at the score (trading account) plays a big part on how you'll play the point out (call that trade management)....And even when I think I know how to play a game...enter a tournament, it's a whole new level play (live trading). And I haven't touched on the psychological issues....But I am working hard on that. I know just mentally understanding psychological topics doesn't work...I have to practice them over and over till I get fully grasp the concepts.

Is 90 days reasonable? If I don't achieve a goal that I set for 90 days, do give myself another 90 days? I have no choice but to...

"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
 
  #42 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


Shivaya View Post
The Sweet Spot in trading will produce figures that are good to study. The favorable ratio between MAE and MFE is what keeps trading sweet for me. It is what I look at first in my trading log. Higher the better! This motivates me to go deeper into the sweet flow zone.

Shivaya

Hi Shivaya,

In beginning my trading log, the MFE, what I could have gotten, stands out as most important to me. But let's say I'm basing my TP on a S/R level, in that case if your log says you should normally go for another 20 ticks, does it make sense to follow that, or take your profit where your "inner sweetness" and the chart indicate price will react? Hope it makes sense...

Reply With Quote
 
  #43 (permalink)
Elite Member
Ireland
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB and Kinetick
Favorite Futures: ES
 
Shivaya's Avatar
 
Posts: 116 since Jun 2009
Thanks: 59 given, 466 received



josh View Post
Hi Shivaya,

In beginning my trading log, the MFE, what I could have gotten, stands out as most important to me. But let's say I'm basing my TP on a S/R level, in that case if your log says you should normally go for another 20 ticks, does it make sense to follow that, or take your profit where your "inner sweetness" and the chart indicate price will react? Hope it makes sense...

The most important for me is the MAE! All your trading skill will be judged by your own ability to enter with low MAE. This is the heat you take after your entry.The MFE is simply 'letting your profits run"

Shivaya

Reply With Quote
The following 3 users say Thank You to Shivaya for this post:
 
  #44 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received

This is a ridiculous thread... the single best thread on trading psychology I ever read (I have read 100s over the last 5 years).

"Nearly all mankind is more or less unhappy
because nearly all do not know the true Self.
Real happiness abides in Self-knowledge alone.
All else is fleeting.
To know one's Self
is to be blissful always. "

Ramana Maharshi

Thank you, thank you, thank you, for bringing this out Shivaya.

Reply With Quote
 
  #45 (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


Anagami View Post

This is a ridiculous thread... (I have read 100s over the last 5 years).

Ridiculous?!!!....Really?!!!

The thread is about..." going beyond psychology and the inner side to TRADING." ~shivaya

Ya that's right, how it relates to TRADING. Now I'm not an EXPERT, or let alone a Rocket Scientist...but I have enough common sense to know that READING ain't what it's all cracked up to be....it's only half of it....you have to APPLY what you have read.

So, with what you've read, what is the solution to what we traders are SEEKING? And please only provide real life applications...NOT theory from a book...please.

"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
 
  #46 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
Platform: OA
Favorite Futures: What Moves
 
Anagami's Avatar
 
Posts: 701 since Dec 2010
Thanks: 474 given, 1,398 received


rtrade View Post
Ridiculous?!!!....Really?!!!

The thread is about..." going beyond psychology and the inner side to TRADING." ~shivaya

Ya that's right, how it relates to TRADING. Now I'm not an EXPERT, or let alone a Rocket Scientist...but I have enough common sense to know that READING ain't what it's all cracked up to be....it's only half of it....you have to APPLY what you have read.

So, with what you've read, what is the solution to what we traders are SEEKING? And please only provide real life applications...NOT theory from a book...please.

Exactly what Shivaya stated. Tuning to the frequencies of our higher Self for guidance, help, and comfort. Trading as meditation is both pleasant and profitable.

Reply With Quote
 
  #47 (permalink)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: IB and zen-Fire
Favorite Futures: NQ
 
Posts: 92 since Apr 2010
Thanks: 8 given, 38 received

Tuning in

So the message is:

Find your personal frequency and your done?

Axel

Reply With Quote
 
  #48 (permalink)
Elite Member
Ireland
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB and Kinetick
Favorite Futures: ES
 
Shivaya's Avatar
 
Posts: 116 since Jun 2009
Thanks: 59 given, 466 received

Energies of emotion

The emotional journey in my trading has taken me from excited and motivated to learn the game, to fear and trembling to enter a trade, to the Joy of trading with my Inner Being of Knowing. This is beyond Belief, this is placing a short trade and knowing it is going down. The knowing comes from somewhere within my being. I had this knowing when I started to trade but did not know how I knew. So I believed I could not depend on it. So I studied charts for years. Then money management. Then came full circle and arrived back at knowing.

Once I returned to my inner self the knowing was still there but so was the analysis skill. Now I knew why I knew. I discovered that when I traded in the emotional state of fear losses came. I made mistakes. The goal was to achieve a sweet state of being and then trade my setups. In the Sweet State I seemed to get the good setups and not the dud ones. I also cut out of a trade quickly and reentered instead of holding because of the knowing.

As long as my 'edge' ratio came in at 2.0 to 3.50 + all was well.

The market became my friend. Volatility became sweetness. Small losses my costs, and letting profits run my only business. If I am in a state of unsweetened distraction I know that my only work is to first get into the state of Inner Sweetness. Once there, then I analyse and trade. I care about how I feel before trading. I gotta 'feel' sweet!

Shivaya

Reply With Quote
 
  #49 (permalink)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: IB and zen-Fire
Favorite Futures: NQ
 
Posts: 92 since Apr 2010
Thanks: 8 given, 38 received

Like it

I like to read your words and i am feeling good at this time.
But i don´t know how to become this stage of feeling like you do! And this will be my jouney!

Hopefully someday i can share your kind of trading!

Thanks
Axel

Reply With Quote
 
  #50 (permalink)
Elite Member
Ireland
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB and Kinetick
Favorite Futures: ES
 
Shivaya's Avatar
 
Posts: 116 since Jun 2009
Thanks: 59 given, 466 received



Anagami View Post

Thank you, thank you, thank you, for bringing this out Shivaya.

My Blissful Pleasure Anagami.

Trading futures is as I am sure you well know all about the emotional journey. Best get into the sweet state before anything else. The emotion of other traders fear makes money for the traders in the state of sweetness who just harvest their profits out of this fear.

Shivaya

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

Reply



futures io > > > Going Beyond Psychology to make Winning Trades and Nice Profits

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
Strategy creating 95%-100% winning trades shodson NinjaTrader 85 February 1st, 2015 08:06 PM
Nice balloon kbit Off-Topic 1 July 21st, 2011 04:06 PM
Winning Big Mike Jokes 2 March 10th, 2011 06:02 PM
Your first trade is a nice winner. Do you keep on trading? itrade2win Psychology and Money Management 25 November 11th, 2010 02:08 AM
How would I set up my ATM for this... nice Example Jugador Traders Hideout 4 February 8th, 2010 10:20 AM


All times are GMT -4. The time now is 01:28 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 2017-12-18 in 0.15 seconds with 20 queries on phoenix via your IP 54.92.201.232