Are you Making or Losing Money ? - Traders Hideout | futures io social day trading
futures io futures trading


Are you Making or Losing Money ?
Updated: Views / Replies:4,259 / 26
Created: by LUVtherays Attachments:2

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 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

Reply
 2  
 
Thread Tools Search this Thread
 

Are you Making or Losing Money ?

  #21 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
Favorite Futures: NQ
 
Daytrader999's Avatar
 
Posts: 1,159 since Sep 2011
Thanks: 1,137 given, 1,565 received


mattz View Post
We do our best to help in any capacity so customers may see us as long term partners.
If my replies seemed aggressive, I apologize, this was not my intention as I just try to fight the notion that brokers on one side of the tracks while the customers are on the other.

Speaking personally and of course only for me, I know that very well.

And from the past you should know best that I know...so really no apologies needed.

I fully understand your point of view.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn

Last edited by Daytrader999; April 5th, 2014 at 07:18 PM.
Reply With Quote
The following user says Thank You to Daytrader999 for this post:
 
  #22 (permalink)
Elite Member
London + UK
 
Futures Experience: Advanced
Platform: Proprietary Analytics
Broker/Data: Multiple broker + Multiple feed
Favorite Futures: Currently European and US equities
 
sands's Avatar
 
Posts: 432 since Dec 2013
Thanks: 223 given, 205 received


mattz View Post
Those who know me, spoke to me or corresponded with me over time know that I am the least aggressive person you can find in this business. Everybody who has done business with us has done so because our spirit to help and our dedication to technology.
The view that I have quoted above is a micro view, not a macro view of our business.
If you are looking on a per transaction business, you are right but unsuccessful customers move on, change brokers, platforms, etc Although we can't be responsible for success we must/try provide the best foundation for traders to operate on.

I am sorry but regardless of your intention you have hit a nerve with me when you say that being an intermediary is a guaranteed way to make money.

This will be my final comment on this thread, but I want to leave it on a good note saying that I do understand how difficult it is to be on your side as well facing all the options, and combating the difficult markets. I wish you well in trading.

Matt


I'm sorry that you felt angered with wording of my post, that was clearly not the spirit of it, given it was interpreted correctly by others.

Equally, regardless of your intent or the way you are perceived externally I can only go by your interactions here. And you did come across as thin skinned to a genuine observation of the business in this case. Stating you're not aggressive doesn't negate your actual responses here, and that they are also on behalf of Optimus.

To retort, clearly individuals in dominant numbers in this industry are not successful, in comparison brokers are in a fortunate position that they do earn revenue irrespective of their clients success/failures (all things being equal in the retail space this difference is by a large margin). Given that view, it's a slap in the face to all traders for Optimus Trading Group to state this is effectively ok, because they fail or move on, because in some way every single broker has earned fees / commissions off the back of a trader going bust and it's quite simply a cop out to say its a 'micro view' or a 'macro view'. Whilst clearly brokers can't be responsible for individual clients given that it's a business no business could be, to then be self righteous about the fact that someone's highlighting the true disparity (irrespective of the wording), is just disingenuous to the realities.

To then state that you're trying to show that your firm is all about customer service is equally disingenuous, you're certainly running a for profit business not a charity, no matter how much you personally value service level. And honestly read this thread back mate it's not really shining through in this thread.

Bottom line - Income isn't 'guaranteed' for anyone but if you're a broker you've got a heck of a better chance than a regular joe trader. Fact.

All the best in your future endeavours!

Sand.

Reply With Quote
 
  #23 (permalink)
Trading Apprentice
Estonia
 
Futures Experience: Beginner
Platform: Ninjatrader, Metatrader 4, Metatrader mobile
 
Posts: 14 since Nov 2010
Thanks: 65 given, 4 received


The answer is very simple, all people here loose money

Reply With Quote
The following user says Thank You to Eduard for this post:
 
  #24 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary


sands View Post
I'd echo what you say it takes yrs of effort in preparation if not in application with definitely no short cuts.

Well said:

Either NO short cuts

or

You ARE short CUT

GFIs1

Reply With Quote
 
  #25 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary


sands View Post

Bottom line - Income isn't 'guaranteed' for anyone but if you're a broker you've got a heck of a better chance than a regular joe trader. Fact.
Sand.

Fact no2: it is not even guaranteed income for the broker

but in the end - looking at risk and money taken in hand BEFORE starting the daily business:

broker and trader are compared like apples and pears!

GFIs1

Reply With Quote
 
  #26 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary


Eduard View Post
The answer is very simple, all people here loose money

Not true:
Just read some of the more important journals here on futures.io (formerly BMT)

GFIs1

..if trading IS a zero sum game then there MUST be winners too..

Reply With Quote
 
  #27 (permalink)
Elite Member
Singapore
 
Futures Experience: None
Platform: -
Favorite Futures: Diversified
 
Ming80's Avatar
 
Posts: 41 since Jan 2012
Thanks: 25 given, 49 received

This table is disclosed by one of the brokers. The rolling windows of profitable accounts (fx) just to get a feel of numbers lie slightly below 50%.

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


Using this, I would hypothesize that on any given day/quarter or timeframe winners and losers would be separated by 50% due to a singular price marked to market but the winning skew is less due to the other frictional costs of trading. (slippage,comm,interest,datafeeds etc etc.)

Thus, the question I felt earlier when I first started wasn't so much on if the accounts were at the end net profitable (for whatever timeframe) but what % of accounts would be consistently profitable year after year. I created the below table assuming a slightly more optimistic % of winning accounts (50%) and assumed 10k accounts. There might be some proverbial truth that only 5% (6.25%) of traders would be consistently profitable after 5 years and even less as time goes on.

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


What I came to realize was that the processes for winning at markets (50/50 on any given day) would be completely different from being a long term winner.

Reply With Quote

Reply



futures io > > > Are you Making or Losing Money ?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Options Market Making treydog999 Options on Futures 4 April 5th, 2014 01:26 AM
Big Money Is Making Big Bets on a Housing Rebound Quick Summary News and Current Events 0 December 9th, 2012 01:30 PM
The Ascent of Money - The Origins of Our Feast or Famine Money System Victory Trader Off-Topic 2 October 8th, 2012 04:34 AM
Do you know of anyone making money trading futures ? jram Emini Index Futures Trading 3 January 22nd, 2012 03:41 PM
Fear of losing deposited money versus "made" money josh Psychology and Money Management 5 April 13th, 2011 05:49 PM


All times are GMT -4. The time now is 08:21 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 2017-12-12 in 0.12 seconds with 20 queries on phoenix via your IP 54.90.207.75