Aside from psychological aspects of trading what is your #1 trading rule? - futures io
futures io



Aside from psychological aspects of trading what is your #1 trading rule?


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Abde with 1 posts (0 thanks)
    2. looks_two rmejia with 1 posts (3 thanks)
    3. looks_3 Massive l with 1 posts (1 thanks)
    4. looks_4 furytrader with 1 posts (1 thanks)
      Best Posters
    1. looks_one rmejia with 3 thanks per post
    2. looks_two mattz with 2 thanks per post
    3. looks_3 Everyman with 2 thanks per post
    4. looks_4 JonnyBoy with 2 thanks per post
    1. trending_up 6,866 views
    2. thumb_up 14 thanks given
    3. group 15 followers
    1. forum 18 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Aside from psychological aspects of trading what is your #1 trading rule?

(login for full post details)
  #1 (permalink)
 Everyman 
New York New York
 
Experience: Beginner
Platform: TOS, Global Zen Trader
Trading: Futures
 
Everyman's Avatar
 
Posts: 2 since Nov 2014
Thanks: 2 given, 1 received

Aside from the psychological aspects of trading what is your NUMBER ONE trading rule? For example I'm basically a beginner and mine at this point is always let the price come to you i.e. never chase it.
Thanks in advance and this is my first post.

Started this thread Reply With Quote
The following 2 users say Thank You to Everyman for this post:

Can you help answer these questions
from other members on futures io?
Anybody uses Bookmap with Tradestation?
TradeStation
options data for chart
NinjaTrader
Power Meter for Ninjatrader (like Jigsaw or similar)
NinjaTrader
AutoTrendHforRad indicator in a strategy "direction …
NinjaTrader
Need help with strategy PriceActionSwingPro
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Crude Dude Oil Trading System
77 thanks
Spoo-nalysis ES e-mini futures S&P 500
68 thanks
I finally blew up an account
60 thanks
FIO Journal Challenge - April 2021 w/Jigsaw Trading
38 thanks
The tiyfTradePlanFactory indicator
28 thanks
 
(login for full post details)
  #3 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,751 received



Everyman View Post
Aside from the psychological aspects of trading what is your NUMBER ONE trading rule? For example I'm basically a beginner and mine at this point is always let the price come to you i.e. never chase it.
Thanks in advance and this is my first post.

My number 1 trading rule is knowing when to stop trading. This used to be at the bottom of my trading rules, now it is at the top as a sticky.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following 2 users say Thank You to JonnyBoy for this post:
 
(login for full post details)
  #4 (permalink)
 trendwaves 
Market Wizard
Florida
 
Experience: Advanced
Platform: NinjaTrader 8
Trading: ES, NQ, CL
 
trendwaves's Avatar
 
Posts: 703 since Dec 2012
Thanks: 2,898 given, 2,517 received

Control Risk, no exceptions.

Be Patient and Trade Smart
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to trendwaves for this post:
 
(login for full post details)
  #5 (permalink)
 Underexposed 
Calgary Alberta/Canada
 
 
Posts: 934 since Feb 2014

Never be satisfied with the state of your trading strategy. There are always improvements that can be made to make your trading decisions and money management better.

Reply With Quote
 
(login for full post details)
  #6 (permalink)
 fourtiwinks 
Singapore
 
Experience: Beginner
 
Posts: 206 since Jun 2011
Thanks: 479 given, 201 received

Don't move my stop loss - I'm still working on it..

Reply With Quote
 
(login for full post details)
  #7 (permalink)
 lemons 
Market Wizard
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
 
lemons's Avatar
 
Posts: 942 since Nov 2010
Thanks: 1,825 given, 2,259 received

Let the market tell you what to do = market is always right.

Reply With Quote
The following user says Thank You to lemons for this post:
 
(login for full post details)
  #8 (permalink)
 furytrader 
Chicago, IL USA
 
Experience: Intermediate
Platform: MultiCharts + CTS T4
Broker: Advantage Futures, IQFeed.net
Trading: YM, ES, EU, US, S
 
furytrader's Avatar
 
Posts: 153 since Jun 2011
Thanks: 109 given, 146 received

Don't dig a whole so big, you can't get out.

Reply With Quote
The following user says Thank You to furytrader for this post:
 
(login for full post details)
  #9 (permalink)
 rmejia 
Puerto Rico
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD Ameritrade
Trading: ES
 
rmejia's Avatar
 
Posts: 377 since Oct 2010
Thanks: 3,600 given, 432 received

1. Patience

Reply With Quote
The following 3 users say Thank You to rmejia for this post:
 
(login for full post details)
  #10 (permalink)
mc3273
dallas< tx
 
 
Posts: 5 since Oct 2014
Thanks: 1 given, 3 received


Never move your stops, this seems to be the hardest one for me.

Reply With Quote
 
(login for full post details)
  #11 (permalink)
 chrar 
new york
 
Experience: Intermediate
Platform: Ninja
Trading: stocks
 
Posts: 2 since Aug 2013
Thanks: 1 given, 0 received

Hold my stop loss.Not always easy

Reply With Quote
 
(login for full post details)
  #12 (permalink)
 Broman 
San Francisco, CA, USA
 
Experience: Intermediate
Platform: TD Ameritrade, NinjaTrader, TradeStation
Broker: NinjaTrader Brokerage
Trading: ES, CL, 6E
 
Broman's Avatar
 
Posts: 9 since Aug 2014
Thanks: 6 given, 5 received

#1 - Trade my plan, not what I think.

#1.5 - It's ok to loose if I've traded according to my plan.

Reply With Quote
 
(login for full post details)
  #13 (permalink)
 Massive l 
Legendary Market Wizard
Portland, OR
 
Experience: None
 
Massive l's Avatar
 
Posts: 2,012 since Mar 2011
Thanks: 1,699 given, 4,193 received


rmejia View Post
1. Patience

Same!

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Massive l for this post:
 
(login for full post details)
  #14 (permalink)
 Scalpingtrader 
Hanover, Germany
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
Scalpingtrader's Avatar
 
Posts: 1,868 since Apr 2014
Thanks: 3,024 given, 4,833 received

The trend is indeed your friend - the only one in the markets, probably. So better be loyal

Reply With Quote
 
(login for full post details)
  #15 (permalink)
 Abde 
Germany
 
Experience: Intermediate
Platform: FlatTrader
Broker: GFT and Interactive Brokers
Trading: ES, DAX
 
Posts: 532 since Aug 2010
Thanks: 2,141 given, 726 received

Keep losses small - Period!

Reply With Quote
 
(login for full post details)
  #16 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,172 since Sep 2013
Thanks: 10,456 given, 12,608 received


JonnyBoy View Post
My number 1 trading rule is knowing when to stop trading. This used to be at the bottom of my trading rules, now it is at the top as a sticky.

Same here. Know when you are wrong in a trade or on the day and get gone as quickly as possible.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #17 (permalink)
 mattz   is a Vendor
 
 
mattz's Avatar
 
Posts: 2,489 since Sep 2010
Thanks: 2,429 given, 3,764 received

Avoid Randomness.

Gut feel is random, if you say "seems like" it's random
All trades must be based on a method, not "its too high" or "it's way to low"
A lagging moving average is more accurate than your intuition.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
Reply With Quote
The following 2 users say Thank You to mattz for this post:
 
(login for full post details)
  #18 (permalink)
sandman2
Dusseldorf Germany
 
 
Posts: 13 since Jan 2013
Thanks: 1 given, 12 received

Patience and only enter the trade when I know where price is heading i.e. when the profit target is in clear view. And that must be at least 20-50 ticks on TF, CL or NG. The StopLoss then runs between 10-15 ticks.

Reply With Quote
The following user says Thank You to sandman2 for this post:
 
(login for full post details)
  #19 (permalink)
 deaddog 
Legendary Market Wizard
Prince George BC Canada
 
Experience: Advanced
Platform: IBs TWS
Broker: IB
Trading: Stocks
 
deaddog's Avatar
 
Posts: 879 since May 2013
Thanks: 135 given, 2,369 received

Have a written trading plan and follow it.

When I follow my Plan I achieve everything mention in this thread so far.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Reply With Quote


futures io Trading Community Traders Hideout > Aside from psychological aspects of trading what is your #1 trading rule?


Last Updated on December 16, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

The Cold Hard Truth: Maybe I Am Not Good Enough w/Chris Gray @ Earn2Trade

Elite only

HIRO Indicator by Spotgamma in Bookmap w/Brent Kochuba @ SpotGamma

Elite only

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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