Video: 20 Habits of Wealthy Traders - Traders Hideout | futures io social day trading
futures io futures trading

Video: 20 Habits of Wealthy Traders
Updated: Views / Replies:3,605 / 1
Created: by shodson 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 100,000 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

Thread Tools Search this Thread

Video: 20 Habits of Wealthy Traders

  #1 (permalink)
Elite Member
OC, California, USA
Trading Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
shodson's Avatar
Posts: 1,897 since Jun 2009
Thanks: 497 given, 3,418 received

Video: 20 Habits of Wealthy Traders

I thought some of you might find this audio slide presentation. Tim has interviewed hundreds of professional traders and these are some of the commonalities he has come across.

20 Habits of All Successful Traders

Here's the list:
1. They are patient with winning trades and enormously impatient with losing trades.
2. They realize that making money is more important than being right.
3. They look at technical analysis as a picture of where traders are lining up.
4. Before the enter any trade, they know exactly where they will exit for either a loss or a gain.
5. They approach trade number 5 with the exact same mindset they did with the 4 previous losing trades.
6. They use naked charts.
7. They realized a long time ago that being uncomfortable trading is OK.
8. They found a market that fit their style and personality.
9. They stopped trying to pick tops and bottoms a long time ago.
10. They stopped thinking about the markets as being "cheap" or "expensive".
11. They are willing to change sides, long to short and short to long, when the market tells them to do so.
12. They trade aggressively when trading well and modestly when they are not.
13. They realize the market will be open again tomorrow.
14. They never add to a losing trade...EVER.
15. Money is the target, but they set goals for themselves that are anything but money.
16. They read trading books - the read more "crowd" books or books about herd mentality, mob behavior, like "The Wisdom of Crowds", or "The Art of Strategy" or "Markets, Mobs and Mayhem"
17. They provide liquidity to the markets - watching price and volume.
18. The majority use some sort of tick-based chart so they can get a feel for the speed of the markets.
19. They practice reading the right side of the chart - not the left.
20. Most keep a trading journal - how they felt, what the market was doing, what was in the news, etc.

Reply With Quote
The following 12 users say Thank You to shodson for this post:
  #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.


futures io > > > Video: 20 Habits of Wealthy Traders

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

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!


Trading Resolutions for 2019 - Avoiding Mistakes w/GFF Brokers

Feb 19

3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21

The Driving Force Behind the Market w/Earn2Trade

Mar 5

TBA w/Stage5 & iSystems

Mar 12

TBA w/John Grady @ No BS Day Trading

Mar 19

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26

Similar Threads
Thread Thread Starter Forum Replies Last Post
Habits and hobbies of the work at home trader sidney7g Off-Topic 10 March 8th, 2013 07:12 PM
7 Habits of a Successful Trader Myshkin Psychology and Money Management 17 July 29th, 2011 07:47 PM
Bad habits plague economic forecasts kbit News and Current Events 0 June 29th, 2011 03:02 PM
Video paying tribute to all traders bojangle Traders Hideout 3 June 15th, 2011 03:00 PM
Computer Attacks Linked to Wealthy Group or Nation Quick Summary News and Current Events 0 September 26th, 2010 07:50 PM

herd mentality, information, journal, short, strategy, tick, trading, trading journal, volume

All times are GMT -4. The time now is 12:20 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business,
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 2019-02-18 in 0.18 seconds with 14 queries on phoenix