Is it Worth It!!! - Traders Hideout | futures io social day trading
futures io futures trading


Is it Worth It!!!
Updated: Views / Replies:22,056 / 104
Created: by navionpilot Attachments:7

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

Reply
 7  
 
Thread Tools Search this Thread
 

Is it Worth It!!!

  #81 (permalink)
Market Wizard
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,735 since Nov 2011
Thanks: 5,201 given, 2,811 received
Forum Reputation: Legendary


navionpilot View Post
I know this might be another loaded question. Which platform should I start looking at using? I donít like using or purchasing things that is limited. So would there be a platform that you could trade all markets on that would be great on all of them?


Sent using the futures.io mobile app


This sounds a lot like me. I very much like to have all my options open.

One suggestion I just thought of is perhaps to start with a broker since you mentioned ďall marketsĒ and to my mind this would mean Interactive Brokers. Just not FOREX with leverage.

Now, maybe take a look at which platforms will connect to them. There are many. At least a way to start.

If just futures interest you Stage5Trading is great and really care about their clients. Morad (FT71) is awesome and has done many webinars here at FIO. Anthony is just amazing, Kevin too.

Just as a reference I use Interactive Brokers, Stage5Trading and NinjaTrader Brokerages for FOREX.

But..... you can VERY quickly have too much information and start drowning with this type of approach.

To me you seem very open to learning which is just fantastic for this business. But the risk is going out in too many directions at once and lacking focus. With all these great platforms, tools in them or added to them and data feeds available to us one of my (and many others) challenges is info risk vs. price risk. Basically wanting more info (amounts to in part hesitation) to confirm a trade increasing one $risk.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Ron



Sent from my iPhone using futures.io

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following 3 users say Thank You to Blash for this post:
 
  #82 (permalink)
Elite Member
Wiltshire, United Kingdom
 
Futures Experience: Beginner
Platform: Tradovate, Jigsaw Tools
Favorite Futures: US Treasuries
 
matthew28's Avatar
 
Posts: 487 since Sep 2013
Thanks: 722 given, 636 received


Blash View Post

But..... you can VERY quickly have too much information and start drowning with this type of approach.

To me you seem very open to learning which is just fantastic for this business. But the risk is going out in too many directions at once and lacking focus. With all these great platforms, tools in them or added to them and data feeds available to us one of my (and many others) challenges is info risk vs. price risk. Basically wanting more info (amounts to in part hesitation) to confirm a trade increasing one $risk. ..............

Just what I was thinking reading through the past few pages.

The danger is that there is so much information it stops you ever starting. It is important to try things at the beginning to see whether you like fast/thin or slow/thick markets, see how they trade differently depending on the time of day, find a couple of tools that make sense to you etc. and then stick to them and only change things a little at a time if you think it really matters and makes sense.

I remember an FT71 webinar where he mentioned that when he was backing traders he only took people who had never traded before so they had no bad habit to hinder them that required unlearning. (He also said he liked people who had an elite or professional sports background because of their understanding of the importance of coaching and self analysis and living in the moment, not dwelling on the past. In that regard I have just re-read a book, I am almost embarrassed to mention it because it is such a trading clichť, and because of that most of the people who have read it are unlikely to be trading successfully, but Trading in the Zone by Mark Douglas really is very good and well worth reading to help give you an understand of the potential pitfalls that can make trading so hard).

John Grady at NoBS said something in a similar vein. When he started at a prop shop it specialised in the Treasuries. If you liked thick markets you chose the Ten Year Note, thin markets the Thirty Year Bond. Then you sat down in front of the Depth of Market (DOM) and worked it out.

Forums are great for asking good questions, like yours which has attracted a lot of useful replies, but be careful, especially if things aren’t going well; of adopting lots of new techniques continuously that you pick up from the webinars or reading journals of whoever happens to be doing well this month. In effect every time you significantly change something your learning goes back to the beginning.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
Reply With Quote
The following 4 users say Thank You to matthew28 for this post:
 
  #83 (permalink)
Trading Apprentice
Pflugerville, texas
 
Futures Experience: Intermediate
Platform: sierra chart, ninjatrader
Favorite Futures: es
 
Posts: 7 since Jun 2013
Thanks: 0 given, 6 received

its worth it, but it takes work


I started trading 5 or 6 years ago, thinking it would be easy if I worked at it, well, you have to work at it and it still is not easy.. you have to really learn to control your mind, your thinking is a must. risk/reward disipline. not get careless or have bad mental days. you have to work at it and put the time in to see charts of all kinds and get a feel for what works for you. find a method and then apply good risk reward and really have no gamble... you must work a edge, look for your edge and trade the edge..... and that takes a long time to develop and trust.

but it is very much worth it. but you will have battle scars to enjoy.

Reply With Quote
The following 4 users say Thank You to bottakemoney for this post:
 
  #84 (permalink)
Trading for Fun
Brisbane Queensland Australia
 
Futures Experience: Advanced
Platform: Prorealtime
Favorite Futures: No i dont trade for fun i trade for profit
 
Ozquant's Avatar
 
Posts: 101 since Aug 2017
Thanks: 44 given, 142 received

There is useful information and useless information , you need to find the balance

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 3 users say Thank You to Ozquant for this post:
 
  #85 (permalink)
Market Wizard
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,735 since Nov 2011
Thanks: 5,201 given, 2,811 received
Forum Reputation: Legendary

@navionpilot please take a moment and read this quote then please take two weeks and read the entire book as if your future self as a consistently profitable trader depended on it ..... because it does.....

https://read.amazon.com/kp/kshare?asin=B01770Y3MG&id=1BZN4qyoTMO9gkMeS37ejw&resh...NX&reshareChannel=system

https://twitter.com/blashcorp/status/950097081418633221

Ron


Sent from my iPhone using futures.io

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following 2 users say Thank You to Blash for this post:
 
  #86 (permalink)
Elite Member
freasno, ca usa
 
Futures Experience: Advanced
Platform: ninja trader
Favorite Futures: forex
 
Posts: 89 since Apr 2013
Thanks: 32 given, 56 received


navionpilot View Post
Wow! Wow! Now thatís the kind of advice I was looking for! Thank you so much for that! That was awesome. Iíll have to re-read this a couple of times and make some notes. Thank you again!!!!




Sent using the futures.io mobile app

Happy to contribute my opinion, not everyone might be a fan of my thoughts but I trade and have worked and sat next to guys who traded extremely large(300-1k contracts/trade) accounts and smaller accounts(5-30 contracts/trade) so I was fortunate to be exposed to different methods and see how they grew and blew their accounts. If you need any suggestions let me know. My advice for a platform to start on would be Think or Swim / TradeStation or Infinity Futures all are cost effective to start and learn on and all very reputable see which one you like the most

Sent using the futures.io mobile app

Reply With Quote
The following 3 users say Thank You to planetmoto for this post:
 
  #87 (permalink)
Market Wizard
Reading UK
 
Futures Experience: None
Platform: Custom
Broker/Data: Dorman. CQG.
Favorite Futures: My 3 boys
 
Posts: 1,220 since Oct 2016
Thanks: 1,539 given, 2,480 received
Forum Reputation: Legendary


planetmoto View Post
Happy to contribute my opinion, not everyone might be a fan of my thoughts but I trade and have worked and sat next to guys who traded extremely large(300-1k contracts/trade) accounts and smaller accounts(5-30 contracts/trade) so I was fortunate to be exposed to different methods and see how they grew and blew their accounts. If you need any suggestions let me know. My advice for a platform to start on would be Think or Swim / TradeStation or Infinity Futures all are cost effective to start and learn on and all very reputable see which one you like the most

Sent using the futures.io mobile app

Im quite interested to hear more of your story planetmoto.
Did these traders (you?) have fear/anxiety/uncertainty issues at all? If so how did they deal with that?
What markets were traded and how did they scale into and out of trades with such large size...I mean how much 'influence' did their activity have on the market, were they sneaking around trying not to be noticed or were they rampaging bullies kicking sand in everyone eyes?
How often were they trading, was it mechanical, discretionary, team, fundamental, research based?
If there was a technical component to their trading then what was the reaction to exhausted looking markets such as when wyckoff accumulation and distribution patterns are unfolding? Did they even care?
You have been exposed to this institutional environment and also seen the retail side of trading so what would you say are the top 3 mistakes you see small traders making?

Cheers.

Reply With Quote
The following 2 users say Thank You to Grantx for this post:
 
  #88 (permalink)
Elite Member
the congo
 
Futures Experience: Advanced
Platform: North sea oil rig
Favorite Futures: Cl
 
rassi's Avatar
 
Posts: 918 since Jun 2009
Thanks: 1,476 given, 1,144 received


Grantx View Post
Im quite interested to hear more of your story planetmoto.
Did these traders (you?) have fear/anxiety/uncertainty issues at all? If so how did they deal with that?
What markets were traded and how did they scale into and out of trades with such large size...I mean how much 'influence' did their activity have on the market, were they sneaking around trying not to be noticed or were they rampaging bullies kicking sand in everyone eyes?
How often were they trading, was it mechanical, discretionary, team, fundamental, research based?
If there was a technical component to their trading then what was the reaction to exhausted looking markets such as when wyckoff accumulation and distribution patterns are unfolding? Did they even care?
You have been exposed to this institutional environment and also seen the retail side of trading so what would you say are the top 3 mistakes you see small traders making?

Cheers.



Top 3

Failure to focus on fundamentals over reliance on technicals
Under capitalised
Obsessed with stops and targets

Tried to pm you but wonít work. Drop me a line and can expand.


Sent using the futures.io mobile app

Reply With Quote
The following 2 users say Thank You to rassi for this post:
 
  #89 (permalink)
Elite Member
the congo
 
Futures Experience: Advanced
Platform: North sea oil rig
Favorite Futures: Cl
 
rassi's Avatar
 
Posts: 918 since Jun 2009
Thanks: 1,476 given, 1,144 received


rassi View Post
Top 3

Failure to focus on fundamentals over reliance on technicals
Under capitalised
Obsessed with stops and targets

Tried to pm you but wonít work. Drop me a line and can expand.


Sent using the futures.io mobile app



And yes I have done them all!


Sent using the futures.io mobile app

Reply With Quote
 
  #90 (permalink)
Market Wizard
Reading UK
 
Futures Experience: None
Platform: Custom
Broker/Data: Dorman. CQG.
Favorite Futures: My 3 boys
 
Posts: 1,220 since Oct 2016
Thanks: 1,539 given, 2,480 received
Forum Reputation: Legendary



rassi View Post
Top 3

Failure to focus on fundamentals over reliance on technicals
Under capitalised
Obsessed with stops and targets

Tried to pm you but wonít work. Drop me a line and can expand.


Sent using the futures.io mobile app

Interesting. If I might add that uncertainty and an over cautious approach is also a crippling malaise. Majority of movement is random and you have an edge if you can find sequences that are less than random. I see some great trade ideas in the various threads here but a lot of the time people just not giving their trades a chance to develop.
So for instance if you are watching bullish price action and you get a progression of strong buying candles you have to ask yourself what the odds are of continuation before the inevitable pullback? Adam Grimes has this binomial tree image that I always think of:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote

Reply



futures io > > > Is it Worth It!!!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Battlestations: $750 in prizes - Show us your trading desk!

August
 

The Business of Trading w/Darren Reed & Jigsaw Trading

Aug 14
 

Trading Preparedness w/Vinny Nizian @ GFF Brokers

Aug 16
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
For what, if it is, worth anything....be ware! vont Trading Reviews and Vendors 5 June 23rd, 2017 01:25 PM
Discipline and Self-worth Anagami Psychology and Money Management 14 January 26th, 2017 10:42 AM
how many bars is a signal worth? mcteague Traders Hideout 2 January 7th, 2013 01:06 PM
is it really worth it? Silvester17 Commodities Futures Trading 99 February 21st, 2012 09:56 PM
M6B is it worth it? petrmac Currency Futures 2 February 9th, 2012 06:43 PM


All times are GMT -4. The time now is 09:38 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 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 2018-08-14 in 0.19 seconds with 15 queries on phoenix