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Search: Posts Made By: Big Mike

Forum: Psychology and Money Management

October 7th, 2016, 01:37 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

I never want to step on someone's dream. But...

I never want to step on someone's dream.

But the reality is, if he is trying to make this his primary income that he and his family relies on, it sounds like it isn't a good fit. He should be man...

Forum: Psychology and Money Management

August 30th, 2015, 10:20 AM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

LOL. You need to spend more time reading...

LOL.

You need to spend more time reading what has already been written on futures.io (formerly BMT), watching the webinars, reading the threads where traders make money every day (real money, 5...

Forum: Psychology and Money Management

August 29th, 2015, 11:11 AM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

No. At absolute best, that person simply has a...

No. At absolute best, that person simply has a hobby, a hobby that with 100% certainty costs him a lot of money and time every year.

Mike

Forum: Psychology and Money Management

July 8th, 2014, 12:12 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

There is no way to know that I won't die before I...

There is no way to know that I won't die before I finish writing this post. But, so long as I remain healthy enough - I will live.

The same is true in trading. So long as I am a better trader...

Forum: Psychology and Money Management

September 9th, 2013, 02:25 AM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

There is no easy answer to that. It will depend...

There is no easy answer to that. It will depend on too many variables.

But at the least, if you are at it for two years without success, you had better be taking note of what you are doing...

Forum: Psychology and Money Management

July 21st, 2013, 11:22 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

To be clear, I also believe people can change. ...

To be clear, I also believe people can change. To a limited extent though. I am proof of this, I had to change a lot about myself to be a good trader.

But, I do believe there is a limit. And I...

Forum: Psychology and Money Management

July 21st, 2013, 05:49 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

Yes I couldn't think of any average golfers or...

Yes I couldn't think of any average golfers or ball players to name.

Absolutely most people are "too lazy", have "faults", "not confident enough", aren't "intelligent enough", "unwilling to do...

Forum: Psychology and Money Management

July 21st, 2013, 03:52 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

You want to leave because you don't agree with my...

You want to leave because you don't agree with my opinion? While I don't understand why you would do such a thing, you are of course free to do so. You seem to be really overreacting.

Anyone can...

Forum: Psychology and Money Management

July 21st, 2013, 02:08 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

So is trading unique in this area, or does this...

So is trading unique in this area, or does this apply to everything in life?

For example, if someone simply has the willpower to be better than Tiger Woods or Michael Jordon, or if someone had the...

Forum: Psychology and Money Management

June 28th, 2013, 02:00 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

The good thing is, there are at minimum two very...

The good thing is, there are at minimum two very distinct groups on futures.io (formerly BMT). Those that spend all their time searching for the holy grail -- they are always in the vendor threads,...

Forum: Psychology and Money Management

May 1st, 2013, 12:49 AM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

I agree completely and many (most) people that...

I agree completely and many (most) people that are suffering from trading losses would be well served to take a couple weeks off with absolutely no trading, no charts, just to regroup and clear their...

Forum: Psychology and Money Management

April 16th, 2013, 12:22 AM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

Last thing - futures.io (formerly BMT) is a place...

Last thing - futures.io (formerly BMT) is a place to find support but never forget the market will eat you alive if you present as many vulnerabilities and second guessing as you mentioned in your...

Forum: Psychology and Money Management

April 16th, 2013, 12:20 AM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

David my intention was to get you to evaluate...

David my intention was to get you to evaluate some of your preconceived notions not to discourage you.

I think for any struggling trader, which is a lot of people, you need to rethink what you are...

Forum: Psychology and Money Management

March 27th, 2013, 11:37 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

Good points Dan. I think most people look at...

Good points Dan. I think most people look at trading as a way to make easy and unlimited money. The truth naturally is not so glamorous.

How would you carry this over to screen trading?

I...

Forum: Psychology and Money Management

March 27th, 2013, 11:30 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

To me, this sounds similar to "Once you know how...

To me, this sounds similar to "Once you know how to make money, you can make money doing anything". Or "The first million is the hardest" in other words.

Mike

Forum: Psychology and Money Management

March 27th, 2013, 10:39 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

I don't want to have any vendor-related...

I don't want to have any vendor-related discussion here in this thread about the vendor who produced this video, but this is from last year and is an interesting watch for those who haven't seen it....

Forum: Psychology and Money Management

March 27th, 2013, 09:22 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

We are trying to be helpful here. Are you able...

We are trying to be helpful here. Are you able to write a helpful post on the subject?

Mike

Forum: Psychology and Money Management

March 27th, 2013, 09:21 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

Agree completely and I found similar traits in...

Agree completely and I found similar traits in myself that needed significant improvement to be a good trader. The skills I learned to be a good trader have changed who I am as a person, for the...

Forum: Psychology and Money Management

March 27th, 2013, 08:53 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

I'd also like to add that almost any desk job is...

I'd also like to add that almost any desk job is easier than trading. You get a paycheck unless you really screw up. With trading, you can do everything right and still have a losing trade, a...

Forum: Psychology and Money Management

March 27th, 2013, 08:48 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

Meh, I don't really agree with a discretionary...

Meh, I don't really agree with a discretionary trader having a "trade secret". Now many of them think they do, that's for sure, but they probably don't. As for algo trading, sure, it's lines of...

Forum: Psychology and Money Management

March 27th, 2013, 07:01 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

If you want to truly find out what kind of person...

If you want to truly find out what kind of person you are, become a trader.

BTW, no one EVER emails me and asks me for help with risk analysis or psychological issues. Those don't even exist as...

Forum: Psychology and Money Management

March 27th, 2013, 06:59 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

What about the guys who are doing things right? ...

What about the guys who are doing things right?

- Only trading with money they can afford to lose
- Open and honest with their spouse, kids
- Steady income outside of trading that is more than...

Forum: Psychology and Money Management

March 27th, 2013, 06:52 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

Why did I start this thread? Because after...

Why did I start this thread?

Because after receiving a few thousand of these PM's and emails over the years, I want to scream sometimes... trading is not for everyone. Especially the guys ruining...

Forum: Psychology and Money Management

March 27th, 2013, 06:44 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

BTW, let's also mention that this person simply...

BTW, let's also mention that this person simply cannot understand or fathom stopping because once he stops, the losses are real and concrete. While he continue to trades, he still thinks he can make...

Forum: Psychology and Money Management

March 27th, 2013, 06:39 PM

Replies: 591

Sticky: Time to Give Up

Views: 193,242

Posted By Big Mike

Does this person have any business trading? ...

Does this person have any business trading?

- Has been trading for 2 years, and has lost 50K out of his kids college fund
- Has paid over 20K in "courses" and "trading rooms" for "mentorships"...

Showing results 1 to 25 of 30

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What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
Something else (discuss in thread)

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