Do you admit to being a trader? - Traders Hideout | futures io social day trading
futures io futures trading


Do you admit to being a trader?
Updated: Views / Replies:36,232 / 240
Created: by Big Mike Attachments:8

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
 8  
 
Thread Tools Search this Thread
 

Do you admit to being a trader?

  #181 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received

I've found "I run a private hedge fund" to be the best reply

Sent from my Nexus 4

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #182 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
Platform: NT
Broker/Data: TD Ameritrade, Dorman/Zenfire
Favorite Futures: CL,ES
 
VinceVirgil's Avatar
 
Posts: 1,752 since Aug 2011
Thanks: 2,144 given, 9,180 received


Big Mike View Post
I've found "I run a private hedge fund" to be the best reply

Sent from my Nexus 4

You get away with that?

No one ever questions you on this?

What iif they say...Oh Really, whats a private hedge fund?

Reply With Quote
 
  #183 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


Very few follow ups usually. No one has asked what a hedge fund is.

Sent from my Nexus 4

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #184 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received

I try to avoid the question as much as possible. I find it's just too difficult (and vast) to explain in a casual conversation. If im pushed for an answer ill tell them and then prepare for the inevitable:

"Wow that's really risky hey! You should be careful"
"I have a friend who did that and lost everything"
"But you could lose everything"
"So like, do you buy facebook shares hey?"
etc...

I invariably use that time to think of ways to change the subject as fast as possible.

Maybe some people get a kick out of telling people they trade for a living. Cool, no problem with that. For me I just cant be bothered to explain and defend the inevitable criticisms.

However on the other hand if someone genuinely shows an interest and is willing to be open to what real trading is actually about, then great! However that doesn't happen very often.

Diversification is the only free lunch
Reply With Quote
 
  #185 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
Forum Reputation: Legendary


Big Mike View Post
..
The question is: "Do you admit to being a trader?". ..
What about you guys?

Mike

The answer lies mostly on the country you live in.
In traditional banking countries the level of acceptance to "deal" with money even as a private person
is much higher than in "non-"banking countries.
As an example of where I live everyone who gets a salary has a private pension account where stocks are
hold. So after the year ends everyone wants to know how the pension fund made gains and what plus the
new statement shows. There is of course a big relation between the economic growth and the gains
in the funds. As many people privately do own stocks they are always connected with the markets.
A good measure instrument is the media like tv, radio and newspaper in a country: Have a look at
how many times media is talking in normal channels about economic development as well as forex
changes. Count the pages of a normal daily newspaper to see the money-connection.

GFIs1

Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
  #186 (permalink)
Elite Member
Ireland
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: CL GC FDAX
 
Posts: 118 since Jul 2012
Thanks: 85 given, 48 received

Interesting one this.

Yes I have learned to keep my mouth shut when it comes to telling people what I do. If its someone under 25 then they often have a bit more cop on and usually might want to learn but the older people mostly just sneer and scoff at you while thinking your now a total loon and desperate.

If asked by people you regularly meet the best way is to reply with something along the lines of retired, I do as little as possible, etc etc then they will leave you alone. If away from the roost then you can tell em whatever takes your fancy...... depending on how good looking she is...LOLLL

Reply With Quote
 
  #187 (permalink)
in a meditative state...
Portugal
 
Futures Experience: Advanced
Platform: Multicharts, Jigsaw
Broker/Data: Stage5, OEC
Favorite Futures: Treasuries
 
arnie's Avatar
 
Posts: 801 since May 2010
Thanks: 709 given, 976 received

Nowadays I'm saying I'm unemployed.

It's nice, people asking what do you do for a living and you saying - I'm unemployed. People tend to look at you with a sad face and saying - that's tough - and I'm saying - yes it is but I'm looking at it as a major life opportunity. They tend to say - I wish all the best to you - and I say - thank you!

Also, it's a nice way for you to get rid of those painfully salesmen that try to sell credit cards and all the crap they sell nowadays over the phone and shopping centers.

If I become half a percent smarter each year, I'll be a genius by the time I die
Reply With Quote
The following user says Thank You to arnie for this post:
 
  #188 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

I heard Peter Schiff comment on trading as a profession Friday. Thought it was interesting and fun.
He approved of trading as long as it wasn't gov't funded (lol, when I heard that).

(attached .mp3 in .zip)

Attached Files
Register to download File Type: zip schiff_on_traders_080213.zip (4.43 MB, 12 views)

Last edited by Cloudy; August 4th, 2013 at 04:30 AM.
Reply With Quote
The following 2 users say Thank You to Cloudy for this post:
 
  #189 (permalink)
Trading Apprentice
Manchester, NH
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: Oil
 
Posts: 21 since Mar 2013
Thanks: 67 given, 23 received

"I manage my own money" is all I have to say and say it with confidence. If need be, I explain as "trading/investing". People usually interpret that as though I have good sum of money worthy of "being managed", but so be it. If one day I become very successful with lifestyle to support it then I will not hesitate to simply say "I am an independent trader" instead of trying to find fancy terms to mask what I truly do.

However, I think the more profound question is can we honestly answer our own question with true pride for what we do.

I will admit that I can not call my "profession" as honorable as I would doctors, teachers or firefighters. I have thought about this from time to time --- where is my pride from? Yes I can argue that I provide a minute piece of liquidity for the market place, and because of people like me there is an industry existing and many others' employments rely upon our existence. I am not sure this thought would create enought pride in me. However in the end, I do find peace and take pride in what I do for the aspect that I am unemployed (which also means another person can have my job) and yet I never line up in government welfare office to apply for handouts, and I pay taxes if I make profits. How many Americans live on some form of government handouts? Well you know the number. I take pride in that I take care of myself and not being a burden to society. I take pride in that if I make good profits if I wish I can write a nice check to charities.

Reply With Quote
The following user says Thank You to MsFutures for this post:
 
  #190 (permalink)
Trading Apprentice
newark,nj us
 
Futures Experience: Beginner
Platform: gray box
Favorite Futures: stocks
 
Pappa Justice's Avatar
 
Posts: 3 since Jun 2013
Thanks: 6 given, 0 received


This is my third job so by the time i tell them about my first they have lost interest. lol.

Reply With Quote

Reply



futures io > > > Do you admit to being a trader?

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
Are you SURE you're a trader? GaryD Psychology and Money Management 4 October 29th, 2011 11:13 PM
Do You Think of Yourself as a Trader? tosmonkey Psychology and Money Management 3 January 10th, 2011 08:53 PM
RJay's "Trader Volume" and "Trader Tick" Indicator Suites RJay The Elite Circle 20 December 20th, 2010 06:01 PM
Confessions of a Trader redratsal Psychology and Money Management 1 December 13th, 2010 05:27 AM


All times are GMT -4. The time now is 10:25 PM.

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 2017-12-10 in 0.14 seconds with 20 queries on phoenix via your IP 54.221.73.186