Trapped traders - a source of consistent profitability? - Traders Hideout | futures io social day trading
futures io futures trading


Trapped traders - a source of consistent profitability?
Updated: Views / Replies:13,738 / 51
Created: by Tradetronics 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
 

Trapped traders - a source of consistent profitability?

  #31 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,366 since Jun 2009
Thanks: 3,572 given, 3,982 received


tradestack View Post
Well, for the Psychology post, it was posted on Futek on 24 Sep 2010. It was posted on bids&offers on 18 Oct 2010.
You tell me.
Care to comment Bids?

TradeStack

He won't enough time to answer, I'm banning him in a minute.

Success requires no deodorant! (Sun Tzu)
Reply With Quote
The following user says Thank You to sam028 for this post:
 
  #32 (permalink)
Just starting out...
Australia
 
Futures Experience: Beginner
Platform: Ninjatrader
 
Posts: 5 since Nov 2010
Thanks: 2 given, 0 received

So was anything he said worth listening to?

I am a Newbie ( and will be for a long time as learning should never stop) and want to make sure i get it right.

After taking losses (as most people do) i am now preparing myself mentally to deal with trading i have my plan set and am keen.

these forums are the bomb with a multitude of info, so thanks to all the contribute

Dien

Reply With Quote
 
  #33 (permalink)
Elite Member
CA
 
Futures Experience: Beginner
Platform: MT4, Ninja Trader
Favorite Futures: EUR/USD
 
Posts: 495 since Oct 2009
Thanks: 400 given, 625 received



Bids View Post
It's nice to read a post where the person has actually clocked onto what trading is about. I wouldn't bother with the foot print, everything you need is on your order book. I posted this video a couple of weeks ago YouTube - Day Trading ES 18th October.avi

Most people just made a post saying they had no idea what was happening in the video, and if that's the case, it's simply because you're apart of the 95% that's looking at trading from completely the wrong angle. Once you clock onto the fact that trading consistently is just taking advantage of people trapped in the market, then you can start to progress. If you think it's about patterns, indicators and trends, then join all the other people that are going around saying day trading is dead because they can't earn a living.

This is how capitalism works, to profit, you got to take advantage of someone's unfortunate position. Once they buy and realize they're wrong and have to get out, that's when you start selling. Once they all sell and realize they're wrong and have to get out, that's when you start buying. That's trading, anything else is just being an analyst... and no one grew up wanting to be an analyst

Trying to guess the next big trend is a mugs game, but you can always bank on people being stupid and wrong.

Thanks for banning this guy. This is the kind of misinformation vendors push to try and get people to buy something. Forex has no volume so with his comment that means you can't trade forex. So I guess everyone must need order flow and must watch the DOM to trade (Sarcasm). Someone I've just become aquatinted with pulled down 6 figures this week using nothing but price and a few MAs. He showed me his account. BIDS was just trying to get traffic to his web site.

Andrew


Last edited by AR01; November 6th, 2010 at 09:36 AM.
Reply With Quote
 
  #34 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received

Hi ,

Depressing reply from Bids.

I fell that being in the 95% group is a total waste of time and should look at /do something else.

I've read about HFT somewhere and said the program will continue buying/selling even at the high/low and offset the position with option or some other correlated instrument executed at the same time.

I guess that retail trader will be at a disadvantage against institutional and huge funds with vast resources.

It will be hard to get out of the 95% and forever be trapped.

I hope that I can find a way out of this trap and survive among the big sharks.

Reply With Quote
 
  #35 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,002 since Aug 2009
Thanks: 802 given, 1,367 received


torroray View Post
Hi ,

Depressing reply from Bids.

I hope that I can find a way out of this trap and survive among the big sharks.

The solution is in you.

Change your attitude and your methods.

To live with sharks you can compete with them...
Or you can benefit from their left-overs.

Or you could be wise and become a pilot fish.

The pilot fish lives and thrives with sharks.
Sharks do not eat them.
They eat the things that infest sharks and 'clean' the shark and the shark does not eat them.

Now the direction is up to you...
Compete or Complete.
But SURVIVE with either choice.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Reply With Quote
The following user says Thank You to DavidHP for this post:
 
  #36 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,215 since Jun 2009
Thanks: 628 given, 6,313 received
Forum Reputation: Legendary


DavidHP View Post
The solution is in you.

Change your attitude and your methods.

To live with sharks you can compete with them...
Or you can benefit from their left-overs.

Or you could be wise and become a pilot fish.


But SURVIVE with either choice.

or be a parasite just suck blood right out of them.

Reply With Quote
 
  #37 (permalink)
Trading Apprentice
Port St Lucie, FL
 
Futures Experience: Intermediate
Platform: Tradestation, MultiCharts
Broker/Data: TradeStation/Open e-cry
Favorite Futures: ES
 
Ranger's Avatar
 
Posts: 46 since Jan 2010
Thanks: 9 given, 43 received


Tradetronics View Post
This is the first thread that I have started on this great futures.io (formerly BMT) forum. Like all of you, my goal is CP, consistent profitability. Right now, I am in the phase of CL, consistent losing. I think that most traders start out as losers and then give up or continue to learn, which will eventually lead to CP. It is interesting to observe that most traders start out as losers, which is a contradiction to efficient market hypothesis (=EMH). EMH actually does not allow for the existence of CL and CP. It is quite interesting to observe that if you give money to a non-trader and tell him to trade, you will notice that he will SIGNIFICANTLY lose money. This is really interesting! Another interesting thing is that all of us are in this great forum to learn new ways of taking money from each other (taking money from each other is called trading profitably).

Since futures trading is a zero sum game, the markets take money from the loser and transfer it to the winner. Trapped traders are losers. They enter a position and find out that they are on the wrong side of the market. There are some nice setups that try to exploit traders, such as 1-2-3 reversals, trader vic's 2b pattern, etc...

Now my question is whether you think if it is important to always put yourself into the situation of this trapped trader. Does it make sense to locate these trapped traders by using the Volume Ladder (Market Delta, Footprint chart)? Would it make sense to use the footprint chart to confirm the chart patterns mentioned above? Failed breakouts are one example for trapped traders. What do you think about combining these "failed" patterns with the footprint chart?

Lots of stupid questions, I know... ;-)

Good luck to all of us...

Regards,
Tradetronics


I'm not being flippant but does it make sense to enter a position, when the probability for Profit = MAX and Probablilty for loss = MIN or otherwise Buy Low / Sell High? Imagine if we could do that .....

Reply With Quote
 
  #38 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


cory View Post
or be a parasite just suck blood right out of them.

Going commando. LOL

Reply With Quote
 
  #39 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


DavidHP View Post
The solution is in you.

Change your attitude and your methods.

To live with sharks you can compete with them...
Or you can benefit from their left-overs.

Or you could be wise and become a pilot fish.

The pilot fish lives and thrives with sharks.
Sharks do not eat them.
They eat the things that infest sharks and 'clean' the shark and the shark does not eat them.

Now the direction is up to you...
Compete or Complete.
But SURVIVE with either choice.

Yea, its all up to me.

But have you ever imagine what you are up against. You are not just staring at your screen where price move up or down.

Sorry for being negative.

Just have to find an edge. Need to find an edge just to stay ahead.

Reply With Quote
 
  #40 (permalink)
Elite Member
Toronto
 
Futures Experience: Advanced
Platform: NinjaTrader
 
Posts: 108 since Sep 2009
Thanks: 30 given, 183 received



torroray View Post
Hi ,

Depressing reply from Bids.

I fell that being in the 95% group is a total waste of time and should look at /do something else.

I've read about HFT somewhere and said the program will continue buying/selling even at the high/low and offset the position with option or some other correlated instrument executed at the same time.

I guess that retail trader will be at a disadvantage against institutional and huge funds with vast resources.

It will be hard to get out of the 95% and forever be trapped.

I hope that I can find a way out of this trap and survive among the big sharks.


Unfortunately, there is a lot of bad advice out there, and lots of people who sound knowledgeable actually have no idea what they are talking about. It's no wonder that newbies get fooled all the time.

If you want to learn to trade, especially daytrading, you should realize that it's probably going to take you at least a few thousand hours to have any shot at it. You just have to stare at the market for a very long time, observe what it is doing, and figure out your own way to take advantage of it. The main reason 95% lose is because they don't put in the effort - they study the market for a few weeks, buy some course from a guy who claims to give them a trading system, and then put real money on the line. Needless to say, they get slaughtered, mostly because they don't have any real understanding of what is going on. You can't just follow a system without understanding market action and how your system works within it, because when real money is on the line and the pressure is on, you will crack. The only solution to this is hard work - lots of it.

If you are really serious about this, plan for and expect to put in at least a few thousand hours of time (2000 hours is 1 full year of work at 8 hours per day, 50 weeks per year)... and that's BEFORE you try trading with real money. Just observe, and/or trade on a sim until you are really, really good. How do you know when you are really good? When you stop asking questions on trading forums, and start answering them from a place of knowledge - and not until then. If you trade one penny of real money before you do that, you will not be successful.

If you don't want to do that and prefer to try the easy way, no problems - there are tons of "educators" out there willing to tell you how easy trading is and how they can teach you, if all you will do is pay them the low, low price of $500 per month, or $5000 for their trading system. I've seen a lot of these people present their "market knowledge", and let me tell you, most of them absolutely SUCK. So if you try to take the easy way out, all the sharks in the pool will simply be thanking you for your money. Good luck in your efforts, but remember that luck actually has very little to do with it - hard work and time will get you where you want to go, and nothing else... if you stick to it for long enough, you may make it.

Reply With Quote
The following 6 users say Thank You to FBJS for this post:

Reply



futures io > > > Trapped traders - a source of consistent profitability?

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
where are the old threads on trapped buyers? anniebee321 Traders Hideout 8 December 8th, 2014 09:06 AM
Pandora Soars on First Day Despite a Lack of Profitability Quick Summary News and Current Events 1 June 16th, 2011 07:42 PM
Profitability Sample Size Units westgawolf Psychology and Money Management 5 June 6th, 2011 09:00 PM
tick data source kittyan Traders Hideout 5 July 25th, 2010 03:43 AM
How many have been trapped? Fat Tails The Elite Circle 11 April 28th, 2010 05:48 PM


All times are GMT -4. The time now is 02:54 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 0.07 seconds with 19 queries on phoenix via your IP 54.90.207.75