This is why I don't......... - Traders Hideout | futures io social day trading
futures io futures trading


This is why I don't.........
Updated: Views / Replies:1,676 / 11
Created: by johnedoe Attachments:1

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
 1  
 
Thread Tools Search this Thread
 

This is why I don't.........

  #1 (permalink)
Banned: Stated cancel membership
Eugene, Or. USA
 
Futures Experience: Intermediate
Platform: other
Favorite Futures: ES
 
Posts: 18 since Sep 2014
Thanks: 1 given, 9 received

This is why I don't.........

This is why I don't listen to the news or put any trust in fundamentals...........


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

Reply With Quote
The following user says Thank You to johnedoe 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.

 
  #3 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,821 received


Yep, exactly.

Off topic but I see you're from Eugene. How about them Ducks?
Went to the Michigan State game...it was awesome.

Psychology > Strategy ≥ Money
Reply With Quote
 
  #4 (permalink)
Trading for Fun
Buffalo, NY
 
Futures Experience: None
Platform: Python, Excel, R, Ninjatrader
Broker/Data: IB quandl
Favorite Futures: Low frequency trading
 
Posts: 64 since Jul 2014
Thanks: 4 given, 37 received

Noise != fundamentals

Ducks and PAC 10 are always overrated because of the natural bias of reporters on the west coast.

Reply With Quote
 
  #5 (permalink)
Banned: Stated cancel membership
Eugene, Or. USA
 
Futures Experience: Intermediate
Platform: other
Favorite Futures: ES
 
Posts: 18 since Sep 2014
Thanks: 1 given, 9 received


Massive l View Post
Yep, exactly.

Off topic but I see you're from Eugene. How about them Ducks?
Went to the Michigan State game...it was awesome.

I never really cared much for team sports or watching sports for that matter.........

I trade technicals and price. Tech can get just as convoluted as funnymentals so I tend to keep things simple.
I don't get into elliot or gann or astrology..... just simple price momentum and probabilities.

Reply With Quote
 
  #6 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

I have this quote by Mark Cuban displayed in my office to remind me to ignore what ever everyone else knows and focus on price action.


Quoting 
Stocks don’t go up because companies do well or do poorly. Stocks go up and down depending on supply and demand. If a stock is marketed well enough to create more demand from buyers than there are sellers, the stock will go up. What about fundamentals? Fundamentals is a word invented by sellers to find buyers.

Price/earnings ratios, price/sales, the present value of future cash flows, pick one. Fundamentals are merely metrics created to help stockbrokers sell stocks, and to give the buyers reassurance when buying stocks. Even the way profits are calculated is manipulated to give confidence to buyers.

I also like this one by John Murphy.
Quoting 
You can talk all you want about what a stock should be doing or why it isn't doing what it should be doing. You can talk about inflation, interest rates, earnings, and investor expectations. Ultimately, however, it comes down to the picture. Is the stock going up or down? Knowing the reasons behind a stock's movement is interesting, but not critical. If your stock goes up on a given day, they won't take your money away from you if you don't know why it went up. And if you can explain why it went down, they won't give you back your lost money.


It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following user says Thank You to deaddog for this post:
 
  #7 (permalink)
Trading for Fun
Scottsdale
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Favorite Futures: Stocks
 
Posts: 120 since Feb 2012
Thanks: 33 given, 96 received


deaddog View Post
I have this quote by Mark Cuban displayed in my office to remind me to ignore what ever everyone else knows and focus on price action.

That Cuban quote is pure wisdom. My whole trading ideology is based on supply/demand of shares and he pretty much confirms everything I've ever felt were sneaky about fundamentals and how the public reacts to them.

Reply With Quote
 
  #8 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

I have seen time and again where traders will fall back to fundamentals when their technical analysis signals that they should exit a trade.

Changing a trade into an investment is a rationalization for not realizing a loss.

I like to trade stocks with stellar fundamentals because I want buyers on the other side of the trade when I decide to exit.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
 
  #9 (permalink)
Trading for Fun
Buffalo, NY
 
Futures Experience: None
Platform: Python, Excel, R, Ninjatrader
Broker/Data: IB quandl
Favorite Futures: Low frequency trading
 
Posts: 64 since Jul 2014
Thanks: 4 given, 37 received

That Murphy quote is exactly what someone who sells chart books would say. Sure, it is better to have a crystal ball than to look at financial information. Only a fool would disagree with that, the problem is a crystal ball is the tool of charlatans.

The longer I have been around the markets the more obvious it is that of course fundamentals matter. Pricing forward the fundamentals is exactly what markets do and what you help to accomplish by trading. Don't confuse that with trying to generate future trading signals by looking at stale quarterly statement data that was priced in 2 months ago. Of course that doesn't matter or work but I just don't see the value in dissociating things to where trading is just mouse clicking.
Not to mention to say something like the business cycle doesn't matter is flat out wrong unless you have only traded through less than half of one.

Reply With Quote
 
  #10 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received



NoiseTrader716 View Post

I just don't see the value in dissociating things to where trading is just mouse clicking.


Not to mention to say something like the business cycle doesn't matter is flat out wrong unless you have only traded through less than half of one.

The closer you get to trading being a mouse clicking game you take a lot of the emotion out of the process.

In the short term you are trading on other traders perception of the fundamentals. I don't have to know why other traders are buying or selling. There is no way I can know. All I have to see is whether there is more supply than demand or vise versa. Price tells you what the market is doing. If you need to know why then you can use the fundamentals to explain the price movement. But in reality price moves because of supply and demand.

The business cycle is of little use to a short term trader.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote

Reply



futures io > > > This is why I don't.........

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
Don't Want to Sell in May? Here's What Else You Can Do Quick Summary News and Current Events 0 May 1st, 2012 05:10 PM
Don't Mess With The Keynesians Quick Summary News and Current Events 0 December 24th, 2011 06:30 PM
Don't tailgate Big Mike Off-Topic 0 April 4th, 2011 06:42 PM
Don't mess with J.R. cory Off-Topic 0 October 7th, 2010 05:28 PM
Don't call me Liz Big Mike Off-Topic 2 June 19th, 2009 01:16 PM


All times are GMT -4. The time now is 01:48 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 2017-12-13 in 0.13 seconds with 20 queries on phoenix via your IP 54.92.201.232