Fear of losing deposited money versus "made" money - Psychology and Money Management | futures io social day trading
futures io futures trading


Fear of losing deposited money versus "made" money
Updated: Views / Replies:1,499 / 5
Created: by josh 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 – 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
 
Thread Tools Search this Thread
 

Fear of losing deposited money versus "made" money

  #1 (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

Fear of losing deposited money versus "made" money

I read somewhere that when investing in their retirement, people aren't afraid so much about having that investment go up and then back down, as much as they are afraid that they will lose some of the money they actually invested. So if my retirement account goes from $10K to $15K and then back down to $10K, then hey, nothing that *I* personally contributed is lost. But if I contribute $10K and it goes down to $8K, then "I've been robbed!" ... is it the same with trading perhaps? The first part is difficult because you're risking money you made in some other way, whereas later you're risking money you made through the "system" and it almost feels like the "house's money"? Not that this is a good way to think, but does it make it easier when you're risking money that you've taken out of the market instead of money you made in some other way?

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...
Chicago, IL
 
Futures Experience: Advanced
Platform: TransactAT, NinjaTrader, E-Futures International
Favorite Futures: Softs, Mini - S&P, Dow, Nasdaq
 
Posts: 13 since Mar 2011
Thanks: 2 given, 1 received


Such are the dilemmas of the gambler.

Reply With Quote
 
  #4 (permalink)
10 out of 10
Sacramento, CA
 
Futures Experience: None
Platform: None
Broker/Data: OX and DeCarley
Favorite Futures: Futures options
 
eudamonia's Avatar
 
Posts: 310 since Jul 2010
Thanks: 299 given, 424 received


josh View Post
I read somewhere that when investing in their retirement, people aren't afraid so much about having that investment go up and then back down, as much as they are afraid that they will lose some of the money they actually invested. So if my retirement account goes from $10K to $15K and then back down to $10K, then hey, nothing that *I* personally contributed is lost. But if I contribute $10K and it goes down to $8K, then "I've been robbed!" ... is it the same with trading perhaps? The first part is difficult because you're risking money you made in some other way, whereas later you're risking money you made through the "system" and it almost feels like the "house's money"? Not that this is a good way to think, but does it make it easier when you're risking money that you've taken out of the market instead of money you made in some other way?

No it shouldn't make any difference. Let me put it another way. The money I make trading is money I earned...blood...sweat...and tears. My advice is get to the point where you don't fear losing money no matter what it's source. But you hate losing it.

Reply With Quote
The following user says Thank You to eudamonia for this post:
 
  #5 (permalink)
 Vendor: www.coroin.com 
Galveston ,TX
 
Futures Experience: Intermediate
Platform: NT7
Broker/Data: Zaner
Favorite Futures: Futures
 
Posts: 386 since Mar 2010
Thanks: 364 given, 433 received


josh View Post
I read somewhere that when investing in their retirement, people aren't afraid so much about having that investment go up and then back down, as much as they are afraid that they will lose some of the money they actually invested. So if my retirement account goes from $10K to $15K and then back down to $10K, then hey, nothing that *I* personally contributed is lost. But if I contribute $10K and it goes down to $8K, then "I've been robbed!" ... is it the same with trading perhaps? The first part is difficult because you're risking money you made in some other way, whereas later you're risking money you made through the "system" and it almost feels like the "house's money"? Not that this is a good way to think, but does it make it easier when you're risking money that you've taken out of the market instead of money you made in some other way?

i've felt the pain regardless of whether it was "house" money or "my" money ... in the end, it's still losing money ... and i'm not in this business to lose money (altho i understand that i will not win every trade).

cheers,
-e

Reply With Quote
The following user says Thank You to eman for this post:
 
  #6 (permalink)
Membership Temporarily Revoked
NYC
 
Futures Experience: None
Platform: graph paper and pencil
Favorite Futures: harp
 
dutchbookmaker's Avatar
 
Posts: 187 since Dec 2010
Thanks: 9 given, 107 received

This seems very beginner and I believe at odds with both behavioral finance and my observations during the financial crisis on friends 401k....My father made terrible decisions during the crisis even though if he had closed out at the worst time he would still have been up vs the money invested in his 401k.
To me the idea of "the house" money in trading is nonsense. When the trade closes and it is cleared in my account it is mine. It hurts just the same to lose it as if I "worked" for it or stole it.

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

Reply



futures io > > > Fear of losing deposited money versus "made" money

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
Greenspan:"we can always print money " kbit News and Current Events 0 August 9th, 2011 02:39 PM
LA Times: "Foreign currency trading is easy — an easy way to lose money" shodson News and Current Events 7 April 4th, 2011 10:20 AM
Money itself isn't lost or made,..... George Psychology and Money Management 8 October 25th, 2010 03:10 PM
"Shaking off" losing trades not enough shodson Psychology and Money Management 8 May 4th, 2010 05:35 PM


All times are GMT -4. The time now is 06:43 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 2017-12-18 in 0.10 seconds with 20 queries on phoenix via your IP 54.221.93.187