How was your path of becoming profitable - futures io
futures io futures trading



How was your path of becoming profitable


Discussion in Traders Hideout

Updated by mtzimmer1
      Top Posters
    1. looks_one michael94 with 4 posts (8 thanks)
    2. looks_two kareem40 with 3 posts (10 thanks)
    3. looks_3 xplorer with 2 posts (6 thanks)
    4. looks_4 futrstrdr with 1 posts (2 thanks)
      Best Posters
    1. looks_one TraderDoc007 with 7.0 thanks per post
    2. looks_two Massive l with 7.0 thanks per post
    3. looks_3 kareem40 with 3.3 thanks per post
    4. looks_4 michael94 with 2.0 thanks per post
    1. trending_up 997 views
    2. thumb_up 46 thanks given
    3. group 7 followers
    1. forum 15 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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)

 
Thread Tools Search this Thread
 

How was your path of becoming profitable

  #1 (permalink)
Chicago IL USA
 
Experience: None
 
michael94's Avatar
 
Posts: 7 since Jun 2019
Thanks: 5 given, 9 received

How was your path of becoming profitable

Hi fellow traders!

I am still pretty new in trading, and now I'm in desperate need of information and knowledge of how to create a strategy, how to do a proper enter and exit, and so on and so forth . Well - normal needs of any beginner .

So I thought It would be great, if more experienced and advanced traders share a part of their story of "How I stopped gambling and began to understand every what, where and why"

Any advise on people to follow on YouTube, articles from this blog, any other blog or trading courses would be great!

If You have something special to offer than just pm me

Thank You in advance!

Reply With Quote
The following 2 users say Thank You to michael94 for this post:

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
What is your single biggest weakness?
96 thanks
Spoo-nalysis ES e-mini futures S&P 500
91 thanks
Is Volume Profile worth learning or is it an outdated concept?
57 thanks
Is Orderflow An Outdated Concept?
30 thanks
What % is your daily loss limit?
19 thanks
 
  #3 (permalink)
Super Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 4,983 since Sep 2015
Thanks: 12,498 given, 11,181 received



michael94 View Post
Hi fellow traders!

I am still pretty new in trading, and now I'm in desperate need of information and knowledge of how to create a strategy, how to do a proper enter and exit, and so on and so forth . Well - normal needs of any beginner .

So I thought It would be great, if more experienced and advanced traders share a part of their story of "How I stopped gambling and began to understand every what, where and why"

Any advise on people to follow on YouTube, articles from this blog, any other blog or trading courses would be great!

If You have something special to offer than just pm me

Thank You in advance!

Welcome michael94


If you have not checked it already, the Trading Webinars section of this forum contains hundreds of videos that can provide guidance. Among those you might want to start with Where to start as a trader? (Part I: Instruments and Brokers) w/Big Mike


Good luck!

Reply With Quote
The following 4 users say Thank You to xplorer for this post:
 
  #4 (permalink)
Legendary Market Wizard
Dallas, TX
 
Experience: Intermediate
Platform: NT, TS
Broker: IB, Oanda
Trading: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 652 since May 2010
Thanks: 1,863 given, 868 received

I really think the best way is thru pain and losses. The only advice I give is if you are very new trade small so you can lose less in the first 5 years. FIO will be great help and may reduce the pain.
Best of luck in your journey.
K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to kareem40 for this post:
 
  #5 (permalink)
Chicago IL USA
 
Experience: None
 
michael94's Avatar
 
Posts: 7 since Jun 2019
Thanks: 5 given, 9 received


kareem40 View Post
I really think the best way is thru pain and losses. The only advice I give is if you are very new trade small so you can lose less in the first 5 years. FIO will be great help and may reduce the pain.
Best of luck in your journey.
K

At least, maybe you would suggest some course or separate articles from this forum? Something You've already tried and consider valuable. Don't get me wrong, I'm not lazy to do research. It's just.... there is so much info that I'm kinda lost, and trying to sort it out a bit.

Reply With Quote
The following user says Thank You to michael94 for this post:
 
  #6 (permalink)
Chicago IL USA
 
Experience: None
 
michael94's Avatar
 
Posts: 7 since Jun 2019
Thanks: 5 given, 9 received


xplorer View Post
Welcome michael94


If you have not checked it already, the Trading Webinars section of this forum contains hundreds of videos that can provide guidance. Among those you might want to start with Where to start as a trader? (Part I: Instruments and Brokers) w/Big Mike


Good luck!

Already going through, but i thought that it is good to hear from others. Maybe someone will suggest something, that no other topic contains

Reply With Quote
The following 2 users say Thank You to michael94 for this post:
 
  #7 (permalink)
Legendary Market Wizard
Dallas, TX
 
Experience: Intermediate
Platform: NT, TS
Broker: IB, Oanda
Trading: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 652 since May 2010
Thanks: 1,863 given, 868 received


michael94 View Post
At least, maybe you would suggest some course or separate articles from this forum? Something You've already tried and consider valuable. Don't get me wrong, I'm not lazy to do research. It's just.... there is so much info that I'm kinda lost, and trying to sort it out a bit.

I have tried many and the only ones that worked for me are courses about Price Action and VSA. I have studied and followed Dr. Gary Dayton and Feibel Trading for both VSA and market structure. They both have tons online and on YT for free to try. It maybe a different journey for you. Just don't move around too much and always remember that almost all indicator vendors are a waste of your time and money. Good traders trade, others sell indicators. Last trading is very, very hard and not for everyone.
Again, good luck.
K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to kareem40 for this post:
 
  #8 (permalink)
Super Moderator
London UK
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
 
xplorer's Avatar
 
Posts: 4,983 since Sep 2015
Thanks: 12,498 given, 11,181 received


michael94 View Post
At least, maybe you would suggest some course or separate articles from this forum? Something You've already tried and consider valuable. Don't get me wrong, I'm not lazy to do research. It's just.... there is so much info that I'm kinda lost, and trying to sort it out a bit.

There are a few books you could pick up.


When I started I didn't even know the difference between stocks, shares and equities (there is practically no difference).

My first book was Day Trading for Dummies: a good introduction to give you a very basic and general idea of the world of trading but you won't get very far with that. The author is not a trader, she's an Economics professor.

I don't know of any trading courses that guarantee you any profitability: chances are they don't exist. In fact I would stay away from any trading courses which are likely to cost you thousands of dollars before you have had time to assess which direction you want your trading to go.

It is very difficult to provide personalized advice as everyone will be different: patient people can trade very slow markets, impatient people can't. This is just an example.

Many people on this forum say that the best time spent is searching content here. I would agree with that.

My best advice would be to familarize yourself with the powerful search engines in here. If you want to search for something specific but don't know how, just drop me a line and I'll help.

Reply With Quote
The following 2 users say Thank You to xplorer for this post:
 
  #9 (permalink)
Legendary Market Wizard
Dallas, TX
 
Experience: Intermediate
Platform: NT, TS
Broker: IB, Oanda
Trading: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 652 since May 2010
Thanks: 1,863 given, 868 received


xplorer View Post
There are a few books you could pick up.


When I started I didn't even know the difference between stocks, shares and equities (there is practically no difference).

My first book was Day Trading for Dummies: a good introduction to give you a very basic and general idea of the world of trading but you won't get very far with that. The author is not a trader, she's an Economics professor.

I don't know of any trading courses that guarantee you any profitability: chances are they don't exist. In fact I would stay away from any trading courses which are likely to cost you thousands of dollars before you have had time to assess which direction you want your trading to go.

It is very difficult to provide personalized advice as everyone will be different: patient people can trade very slow markets, impatient people can't. This is just an example.

Many people on this forum say that the best time spent is searching content here. I would agree with that.

My best advice would be to familarize yourself with the powerful search engines in here. If you want to search for something specific but don't know how, just drop me a line and I'll help.

So very true. And remember almost all courses are using on historical charts ( including my recommendations above). My best trades and sets are all on historical charts; I am excellent at it!! There are also very good traders here at the journal sections, follow them all.

K

K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to kareem40 for this post:
 
  #10 (permalink)
Chicago IL USA
 
Experience: None
 
michael94's Avatar
 
Posts: 7 since Jun 2019
Thanks: 5 given, 9 received


Thank you guys for your replies and great advances! I already have some base of knowledge, and time to time I do really good entries and exits. I papertrade only for now, ans there is still a great lack of confidence and knowledge. Although even failing, I try to understand why. In most cases I see that I miss a lot of very important details and instead of acting basing on confidence, I'm jut gambling. It happens in 2/3 cases of all my positions. I know, it will take time to master this art, but from my experience I do things better when I can see multiple times how to do them. This is the reason for this topic. To fond some trusted source of information than can help me to think better about how to make my proper decisions. Of course there is no such as absence of losses or mistakes. But I think that good trader is the one, who has them minimized.

Reply With Quote
The following 3 users say Thank You to michael94 for this post:



futures io Trading Community Traders Hideout > How was your path of becoming profitable




Upcoming Webinars and Events
 

Free BloodHound Licenses to everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 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