Is trading gambling? - Traders Hideout | futures io social day trading
futures io futures trading


Is trading gambling?
Updated: Views / Replies:10,154 / 88
Created: by Big Mike Attachments:1

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

View Poll Results: Is Trading Gambling?
Yes 37 33.94%
No 72 66.06%
Voters: 109. You may not vote on this poll

Reply
 1  
 
Thread Tools Search this Thread
 

Is trading gambling?

  #71 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,234 since Dec 2010
Thanks: 1,163 given, 1,749 received
Forum Reputation: Legendary

I don't believe it is straight luck.

However, some trading is like gambling except with worst odds than a roulette table.

I was long gold futures below 300 and called 1031 as a top (the actual was 1030.50 (This was before electronic training and I was taken out on a 1 lot (my lot) and 20 pt run on my stop in o/n . So this before I knew what thieves they were. Just imagine 20 points at the 325 level and a chart is a line going along at 325 a single dot at 305 and then it continues at 325. After fighing for a month with my broker for a copy of the ticket a got a piece of paper with a time stamp - no brokerage houses no trader numbers nothing just that. I was furious and closed my account (commission were $35 per side then and in the day time it would take as much as an hour to find out if you were filled on a trade and what the rpice was.. After that experience I just couldn't get back in.

In 2007 I said this is a perfect double top - just like Gann writes about, a 7 year period from peak to peak. I sold out my mom's entire equity portfolio and when short the with the HXD (too early as I recall because the Cdn market had another bump up as oil was surging and Canada was being touted a "petro currency". Her account was up 10% by the low of 2009 even though I only used 30% for the HXD. The S&P fell from 1576 to 666.75 (ES values) so a drop of 909pts or 57.7% on the 1576 base. So others lost 57% and she made 10% with only 30% exposure.

------------
In many ways I feel that our biggest obstacles are:
our own personalities,
the thieves "floor brokers" that manipulate prices
futures houses that trade against clients
and our own big egos.

Yet dispite all these obstacles I'm sure it can be done.
It certainly helps if you are well-capitalized, however.

Also I don't think you are going to do it unless you think outside the box - or have a very lucky period that moves you to high capital levels so you can move to more conservative strategies.

Just my view.

Keep your mind in the future, in the now.

Last edited by aquarian1; November 20th, 2012 at 02:50 AM.
Reply With Quote
 
  #72 (permalink)
Elite Member
Ukraine
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Spoon
 
Posts: 18 since Aug 2011
Thanks: 2 given, 4 received

Guys, listen to me, no luck, you will never predict the market, you just dont understand what realy happening behind the charts.Market Maker only makes money,ask WHY?? Because its a market structure,otherwise market will stop to work.95% of trader are FUEL for maket.If crowd short,market goes up, if crowd long market goes down, market always goes where more money,what does it mean,it means where are stop loses.Market maker always manipulats the market so,that many traders have to be on the other side, against market maker.You guys will always lose your money,some people earlier,some people later.Just think about guys.
(Sorry my English?not my first lenguage)

Reply With Quote
The following 2 users say Thank You to Vitaliy for this post:
 
  #73 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,234 since Dec 2010
Thanks: 1,163 given, 1,749 received
Forum Reputation: Legendary



Vitaliy View Post

If crowd short,market goes up, if crowd long market goes down, market always goes where more money,what does it mean,it means where are stop loses.

Market maker always manipulats the market so,that many traders have to be on the other side, against market maker.

Yes this is true that the manipulators move it against the retail and go for the stops.

This is why correctly estimating where the stops are is so important to success, IMO.

That the 95% are fuel for the market is OK, the 95% follow "instructors", inidcators etc and their losses are an enivtable result of their approach. It is important to understand how the 95% (the masses) think and not do what they do.

You must approach it differently than most people do, to get different results.

Keep your mind in the future, in the now.
Reply With Quote
The following user says Thank You to aquarian1 for this post:
 
  #74 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received

starts to make sense towards the end of this video


Reply With Quote
 
  #75 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received

To explain the video above I'd also suggest taking a dive into these two other videos that explain the process in a little more detail






Understanding how make-makers work is key to trading without exposing vulnerability.


Last edited by Itchymoku; November 22nd, 2012 at 04:51 AM.
Reply With Quote
 
  #76 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,234 since Dec 2010
Thanks: 1,163 given, 1,749 received
Forum Reputation: Legendary

@Itchymoku

Hi!

Thanks for the videos very interesting.
I think this is worth a new thread
Have you started one?

Keep your mind in the future, in the now.
Reply With Quote
 
  #77 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received

eh, Nah I haven't started a new thread because I'm not that knowledgeable on the subject. I watched all 11 of these guys videos on the subject and he tries to sell his system at the end. I don't really like when traders sell their systems for obvious reasons. It is very interesting though. I'd like more information on the internals of what market makers do, but its hard to find such things on the internet.

However, out of all the systems I've seen for sale, this guy definitely throws a curve ball. lol

Reply With Quote
 
  #78 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,234 since Dec 2010
Thanks: 1,163 given, 1,749 received
Forum Reputation: Legendary

@Itchymoku

I understand. I am slowing working through the videos and taking notes. I'm not too worried about him selling as sometimes a new perspective added to one's own knowledge can give a fresh take. As the manipulation of the markets is something shared by others in the past and seems true to me I can relate to the theme.

In the olden days, Gann Livermore etc spoke of manipulation and it was a commonly accepted idea.

To keep one's trading from being gambling and losing one must do differently from the 99% as they lose over time
(mathematically they must).

Keep your mind in the future, in the now.
Reply With Quote
 
  #79 (permalink)
Elite Member
Ukraine
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Spoon
 
Posts: 18 since Aug 2011
Thanks: 2 given, 4 received

Goldman Sachs & Co., will always take your money, do not be naive.

Reply With Quote
 
  #80 (permalink)
Elite Member
Buffalo, USA
 
Futures Experience: Advanced
Platform: Ninja
Favorite Futures: Stocks
 
Posts: 11 since Dec 2012
Thanks: 0 given, 3 received

Gambling


No I would say it's not if you approach it intelligently and slowly....in other words don't think you can make millions overnight. It's hard work with many small and big consistent gains.

Reply With Quote

Reply



futures io > > > Is trading gambling?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Save The Gambling Bankers zt379 News and Current Events 5 August 23rd, 2011 09:59 AM
Starved Budgets Inspire New Look at Internet Gambling Quick Summary News and Current Events 0 August 14th, 2011 10:30 AM


All times are GMT -4. The time now is 10:49 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 2017-12-13 in 0.14 seconds with 21 queries on phoenix via your IP 54.226.113.250