Millions Made, now what? - Traders Hideout | futures io social day trading
futures io futures trading


Millions Made, now what?
Updated: Views / Replies:10,381 / 61
Created: by Big Mike 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
 

Millions Made, now what?

  #11 (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: 46,097 since Jun 2009
Thanks: 29,192 given, 82,535 received

So for those who have already "made it", it is clear they want to continue. And I get that, I can't imagine not trading. But what I can imagine is not trading every day, and not having the stress or uncertainty that comes with it.

Don't get me wrong, there are very few things in life that are certain. And I will never work for someone else again. But there is still that sense of "the rat race" where you just keep plugging away while you still can, before something external stops it, and you are never sure what tomorrow will bring.

I look forward to getting beyond that point, and just trading for pure joy. I envy those that are already there But to those I ask, do you agree that you are "there"? Do you classify yourself as having "made it" ? Or are you continually searching for more?

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
The following 4 users say Thank You to Big Mike for this post:
 
  #12 (permalink)
Market Wizard
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,679 received
Forum Reputation: Legendary


Big Mike View Post
So for those who have already "made it", it is clear they want to continue. And I get that, I can't imagine not trading. But what I can imagine is not trading every day, and not having the stress or uncertainty that comes with it.

Don't get me wrong, there are very few things in life that are certain. And I will never work for someone else again. But there is still that sense of "the rat race" where you just keep plugging away while you still can, before something external stops it, and you are never sure what tomorrow will bring.

I look forward to getting beyond that point, and just trading for pure joy. I envy those that are already there But to those I ask, do you agree that you are "there"? Do you classify yourself as having "made it" ? Or are you continually searching for more?

Mike

It really doesn't matter if you're a trader, entrepreneur, self-employed, or a salaried employee. Until you reach the point where you're income and savings far outstrip you lifestyle, you will never feel at ease. The income side of the equation is far harder to control, but you do have control over your lifestyle.

Reply With Quote
The following 10 users say Thank You to tigertrader for this post:
 
  #13 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,241 received


I dont believe in retiring...only dying doing something you love....trading or otherwise.

I am NOT rich although I got close once and the goal then and now is the same....time and geographical freedom. Which requires passive income or income freedom which I interpret to mean I can earn income when ever and wherever I choose.

I love trading but only as a means to an end... the end is this: To enjoy my life, my family and friends and to engage in things that are bigger than me.

While I fully intend to enjoy the fruit of my labor...(travel, living abroad, learning to fly, etc) there is something I really live for.....

Here is a picture of my kid with a couple of them....my kid is the one in the middle.....the pic was taken at an orphanage in southeast asia.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


I paid for the cost of bringing full time electricity to the compound a few years ago, and helped with a new well and water system....this is what is important to me...this one and others.....if I can do this and live well while at the same time spending my time talent and treasure helping others live better, I will.

I realize this is my own personal agenda and that others will have no interest or even understand why I do what I do...thats ok....I do it because I love it...its that simple.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
 
  #14 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,590 received

Hi Mike..


Big Mike View Post
So for those who have already "made it", it is clear they want to continue. And I get that, I can't imagine not trading. But what I can imagine is not trading every day, and not having the stress or uncertainty that comes with it.

Don't get me wrong, there are very few things in life that are certain. And I will never work for someone else again. But there is still that sense of "the rat race" where you just keep plugging away while you still can, before something external stops it, and you are never sure what tomorrow will bring.

I look forward to getting beyond that point, and just trading for pure joy. I envy those that are already there But to those I ask, do you agree that you are "there"? Do you classify yourself as having "made it" ? Or are you continually searching for more?

Mike

the fact that I wake up in the morning, "hit the books" and then trade till I don't want to anymore is in and of itself pure joy. The money or the fact that I've been pretty good at it for a long time are a benefit of that joy. What ever I have is just enough, so I'm not in the greed game. I trade because I love to do it. If I really loved making bread I'd be a baker. I never get that rat race feeling. I understand where you are coming from Mike. Could it be a state of mind issue? What is making you less than thrilled?

Reply With Quote
The following 2 users say Thank You to wldman for this post:
 
  #15 (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: 46,097 since Jun 2009
Thanks: 29,192 given, 82,535 received


wldman View Post
I never get that rat race feeling. I understand where you are coming from Mike. Could it be a state of mind issue? What is making you less than thrilled?

Good point and I am glad you made it.

I think I need a vacation.

The forum duties have been really weighing heavily lately, and really severely eating into my trading time. I haven't had a vacation since I got divorced, I guess in some ways I viewed working from home in my underwear a vacation in itself from the previous "real office day job". But it really isn't, I need a vacation of the mind

Maybe that is why I am feeling like it's a rat race lately. I need to go back to simpler times.

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
The following 4 users say Thank You to Big Mike for this post:
 
  #16 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,590 received

Panda...

that is beautiful. Humbles me and inspires me...not to do better financially, but to elevate my character a little bit each day based on the example and the needs of people I come in contact with.

IMO the best forum post I have ever seen.

Reply With Quote
The following 4 users say Thank You to wldman for this post:
 
  #17 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,590 received

Mike I think you...


Big Mike View Post
Good point and I am glad you made it.

I think I need a vacation.

The forum duties have been really weighing heavily lately, and really severely eating into my trading time. I haven't had a vacation since I got divorced, I guess in some ways I viewed working from home in my underwear a vacation in itself from the previous "real office day job". But it really isn't, I need a vacation of the mind

Maybe that is why I am feeling like it's a rat race lately. I need to go back to simpler times.

Mike

are on it there man.

Especially without a staff to cover for you. The contribution you make is immense. If you where gone for a few days and the forums closed guys would really realize the weight and the value of what we have here.

What steps could you take to ease the burden of being "Big Mike"?

Reply With Quote
 
  #18 (permalink)
Elite Member
Perdido Beach, AL
 
Futures Experience: Intermediate
Platform: graph paper
Favorite Futures: Guitar
 
websouth's Avatar
 
Posts: 1,150 since Jul 2009
Thanks: 1,094 given, 1,299 received

geez 4 posts while writing this...


Big Mike View Post
... And I will never work for someone else again. But there is still that sense of "the rat race" where you just keep plugging away while you still can, before something external stops it, and you are never sure what tomorrow will bring.

... But to those I ask, do you agree that you are "there"? Do you classify yourself as having "made it" ? Or are you continually searching for more?

Mike

I was always taught there are 2 ways to obtain wealth
1. make more
2. spend less

I think don't discount the HUGE advantage you now have Mike. Huge. The dream. You are independent geographically and time wise - in the sense that you have a particular skill set that allows you to make an income from anywhere in the world (with internet). You decide when and where you work. The percentage of people in the world with this type of freedom is infinitesimal. The monthly nut is entirely up to you. Do you need a 4 bedroom house on the beach? How about 1 bedroom 1/2 mile away and a bike. Pack it all up and go rent in the islands. You won't have to look for a job when you are there because you can trade. The externals (family, routine, etc) are the things that keep everyone (traders) from back packing the Himalayas all year. If you have no externals stopping you then I say do it now. Rent don't buy and move to the Caribbean like you want to. Why wait? Can you make the monthly nut there? just a little research should tell you. Waiting until you have enough to just buy the pass and plop your ass down on a beach chair is really tough. The number always changes. see option 2.
Having "made it" is a state of mind.

gimme your address and I'll look you up next time I am down island

++++++++++++++++

Panda - that is pure awesomeness. Thanks for the insight into your thing.

“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
Reply With Quote
The following 4 users say Thank You to websouth for this post:
 
  #19 (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: 46,097 since Jun 2009
Thanks: 29,192 given, 82,535 received

I don't want to turn it into a thread about me.

But I did talk about my dream/goal of living abroad:

https://futures.io/off-topic/13521-best-caribbean-location-retire.html

You guys make good points. Thanks

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
The following user says Thank You to Big Mike for this post:
 
  #20 (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: 46,097 since Jun 2009
Thanks: 29,192 given, 82,535 received



websouth View Post
geez 4 posts while writing this...

Pick up the pace old man.

Regarding monthly nut, anyone who has watched my 3-hour webinar "An Afternoon with Big Mike" knows how much I downsized and changed my live after the divorce. So I am already living a minimalist type lifestyle, compared to most people I know.

I have always thought of not moving to my "final destination" (bury me in the backyard) until I can pay cash for the ideal property of my dreams, and still have plenty of money in the bank to never "have" to work again. The idea of renting is one I had not honestly considered, and I should.

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
The following user says Thank You to Big Mike for this post:

Reply



futures io > > > Millions Made, now what?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

FuturesTrader71: TBA

Elite only

Al Brooks: TBA

Elite only

Jigsaw Trading: TBA

Oct 19

RandBots: TBA

Oct 24
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Mega Millions Jackpot: And the Winning Numbers Are… Quick Summary News and Current Events 0 March 31st, 2012 12:40 AM
Phantom firms bleed millions from Medicare kbit News and Current Events 0 December 21st, 2011 11:28 AM
JPMorgan Denies Holding The Missing MF Millions kbit News and Current Events 0 November 4th, 2011 02:34 PM
When milliseconds make millions Big Mike News and Current Events 2 July 31st, 2011 06:28 AM
Beth's Journey to Make Her Millions wgreenie Trading Journals 1776 May 21st, 2011 05:43 PM


All times are GMT -4. The time now is 01:18 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 2017-09-22 in 0.15 seconds with 19 queries on phoenix via your IP 54.81.8.73