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How I Trade For a Living
Started:August 30th, 2016 (10:48 AM) by rocksolid68 Views / Replies:48,922 / 662
Last Reply:November 7th, 2016 (02:55 PM) Attachments:94

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


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How I Trade For a Living

Old November 3rd, 2016, 12:47 AM   #561 (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: 45,543 since Jun 2009
Thanks: 28,886 given, 80,129 received

Thank you to everyone who has shown their support.

I'm finished posting in this thread until Friday, at which point a (new) decision will be made, for better or worse.

Mike

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.

     
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Old November 3rd, 2016, 02:04 AM   #562 (permalink)
Student of the Markets
Cocoa, FL
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Apex Futures/OEC/FXCM
Favorite Futures: YM, Forex
 
lovetotrade's Avatar
 
Posts: 283 since Oct 2014
Thanks: 729 given, 419 received

Either way, kudos to Mike for running such an awesome forum so brilliantly. Thanks for being involved in the discussion, it helped us see into some of the thoughts and decision making that made this site what it is today. Agree or disagree you deserve the respect.

As for Alex, I visited the room a few times and let it run in the background while I went about my business. He seemed knowledgeable and sincere in his desire to help others. To offer something for free(even if it is temporary) that provides value to others is commendable. So I wish him all the best.

Hopefully everyone has learned something from this experience.


Sent from my iPad using futures.io futures trading

The bottom line is this Ė if you donít maintain a level of consistency in what you do, you will never be able to make the progress and achieve the results you desire. This is why so many successful traders talk about the importance of consistency in approach as that has often made all the difference between their success and failure.
     
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Old November 3rd, 2016, 04:07 AM   #563 (permalink)
Membership Temporarily Revoked
Baltimore MD
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB, Kinetics
Favorite Futures: E6, ES and CL
 
rwbil's Avatar
 
Posts: 93 since Nov 2012
Thanks: 15 given, 186 received



Big Mike View Post
I had a very long post all written out. Then I realized, there is no point. Some people get it, some do not, and I've tried my best to explain it before already (just read my thread).

Here is the shortest post I can make: stop chasing vendors of any kind, and in the process of doing that, stop obsessing over brokerage statements. And when you say no one posts statements - remember who you are talking to, the guy that posted them every day for months (real live cash, real-time trades).

Please take my advice if you think that I have learned anything in the 7+ years of watching people on this forum repeat the same mistakes. Stop chasing vendors!

And now, just because I spent so much time on my other post, here is a screenshot of it before it's deleted forever

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Mike

Sorry BM but had to reply. I have not chased vendors for quite some time, not since I realized 99% of them can not trade profitable and are scammers. I never talked about chasing vendors. The fact that you say don't chase vendors has to point to the fact that you know what I am saying is Right on the Mark. My point is not about chasing vendors but about not allowing unvetted unverified vendors the ability to promote their goods via this site. That is my one and only point.

As for obsessed over brokerage statement. I guaranty you that is what the regulators will be obsessed with if this business ever gets regulated. Brokerage Statement, though as I pointed out can be faked, is the best way to see proof one can trade profitable. Best if they be seen live as I stated. And showing fake brokerage statements is one way to get the regulators to investigate you. I know of no better way to vet a vendor, maybe someone else knows a better way to see actual proof of their claims. I wonder if Bernie Madoff told his clients, "Don't be obsessed over seeing proof I actually am investing your money." Sorry, but again I must disagree with you. Proof is the only thing that matters. Anything else is meaningless.

Again just amazing how people accept vendors without any proof what so ever of their claims.

And I know many many members agree with my points and apparently are afraid to stand up and say so.

"And when you say no one posts statements - remember who you are talking to, the guy that posted them every day for months (real live cash, real-time trades)."

Lots of people take live trades. My point, maybe misunderstood, was about vendors selling their system or software. Especially ones telling you they profitable scalp ES on a 5 Minute chart and show no proof what so ever of their claims. That is my one and only point.

     
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Old November 3rd, 2016, 05:39 AM   #564 (permalink)
Market Wizard
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
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rwbil View Post
My point, maybe misunderstood, was about vendors selling their system or software. Especially ones telling you they profitable scalp ES on a 5 Minute chart and show no proof what so ever of their claims. That is my one and only point.

I agree with your point, many do, it would be great if it was that easy.

There are so many problems with proof of proof that it becomes the next level joke. Plus traders have runs of luck, funds have runs of luck, how many days/weeks/months do they have to show profit, is it continuous/every day/every week. What about different styles of trading.

And look at the car industry as a great regulated example of giving 'proof' - consumption figures and emissions standards !!!!! <- deliberate overuse here.

At the end of the day there is only one way, learning to become responsible for ourselves and our own good and bad decisions and then moving on.

Cheers

Travel Well
     
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Old November 3rd, 2016, 07:46 AM   #565 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES, CL
 
Posts: 3,472 since Jan 2013
Thanks: 24,898 given, 10,559 received
Forum Reputation: Legendary

Futures Edge on FIO

Are you a NinjaTrader user?

 
I am a strong @Big Mike partisan. I have seen his intense efforts to keep this forum clean over a span of many years, and my hat's off to him.

There is no practicality in demanding "proof" of anything. We have seen extremely clever and effective faking over the years, in statements and even videos of supposed trades. Because of the obvious motive, vendors will give anything a try, and often will be believed.

Ironically, @Big Mike published several months of real-time results, with daily broker confirmations and monthly statements, and was not believed by some, even though he is a known quantity here, with no financial ax to grind.

As to how decisions should be made, I am OK with Mike's judgment and experience. I do know that he is open to reconsidering his decisions based on evidence, and have seen him do it. (He's doing it now.) I also think he is right most of the time, and someone does have to decide, one way or the other.

I am a little sorry now that this present question has been put to vote. I agree that the situation has some complexity, and there may be circumstances that need to be weighed. I made my vote, and I am unsure if I was right or wrong -- which is the problem. This probably should not be put to the membership, because of the possibility of uninformed voting, both pro and con, and the simple fact that our instincts have not been sharpened by years of being on the job of keeping the forum safe. It is too likely that votes will be made based on emotional or other reasons, being for or against Alex on fairly weak grounds, instead of experienced consideration. Of course, many, probably most, will do their honest best to get it right.

I'll accept the poll outcome, on the hope that the community's judgment will turn out to be right. I do hope that this is the last such experiment, however. I'll take Mike's judgment and fundamental fairness over a membership poll any day.

With all that said, since it has been put to vote, anyone who does have a view should register it, so the odds of a good decision are increased by the additional participation.

Bob.

     
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Old November 3rd, 2016, 08:10 AM   #566 (permalink)
Elite Member
Tampere, Finland
 
Futures Experience: Intermediate
Platform: Saxobank, Sierra Chart
Favorite Futures: DAX futures
 
Posts: 51 since Dec 2015
Thanks: 9 given, 41 received

Introducing myself

< content deleted, wrong thread, I will continue in my own journal>
https://futures.io/elite-trading-journals/37856-2tenor-dax-2h-candles-3ma-system.html


Last edited by 2tenor; November 3rd, 2016 at 09:36 AM.
     
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Old November 3rd, 2016, 08:12 AM   #567 (permalink)
Hungry for knowledge
Rutherford,NJ
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: ES, NQ, CL
 
Posts: 61 since Sep 2016
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How I Trade For a Living

I tried to stay away from this subject for many reasons; mainly because i'm new to this forum and I don't know any of you.
Partly because I've defended people before and have been wrong. Personally, I liked @rocksolid68, he was very helpful and didn't seem bothered when I asked him for help. I've been to his TR and he has only spoken highly of this forum and of his many mentors, you all know who you are. I know you mentors feel let down or betrayed; get past it....Everyone will have an opinion on this, because as the saying goes "opinions are like A#*holes.. everybody has one".

The ban was , in my opinion, a bit overzealous. A man was hung but no trial was held.You all speak of @BIGMIKE doing a great job running this site. Then trust that if he wants to have a vote then he has thought long and hard about this and is doing it for the good of FIO. If BM sees a benefit from possibly unbanning him, then accept it.

I will say this though, read my so called journal :
https://futures.io/trading-journals/40747-desimulated-ceerock81-s-awakening.html


I would be a prime sucker to be approached by a vendor for monetary compensation for a TR or an Indicator or some sort of "Holy Grail"... I suck @ trading and it's all over all my posts, but yet I was never asked for anything.

Again, let me clarify that I am not defending anyone. I just believe in second chances. I was once given a second chance and have made up for my mistakes and learned my lesson, so I will give him the benefit of the doubt.

As @ratfink put it "At the end of the day there is only one way, learning to become responsible for ourselves and our own good and bad decisions and then moving on"

Also @chipps1983 "Remember, you have to find your own path. a trading room will not make you a better trader".

"It's not about being right or wrong, it's about how much money you make when you're right, and how much you don't lose when you're wrong"

Last edited by Ceerock81; November 3rd, 2016 at 08:32 AM.
     
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Old November 3rd, 2016, 08:20 AM   #568 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES, CL
 
Posts: 3,472 since Jan 2013
Thanks: 24,898 given, 10,559 received
Forum Reputation: Legendary


2tenor View Post
Hi Folks!

I am not very active here, nor have I followed this thread, but noticed that the thread is very active;
May be I introduce myself & my method here, if

1) it would help somebody
2) I got good comments from you folks ...

FYI, this is someone else's personal trading journal. It is active because of an issue that is currently being discussed. Before that, it was active because of his trading posts.

You should start your own journal, and post your trades there, not in this thread.

I don't mean to be discouraging, but that is correct forum etiquette and politeness. It's easy to start a journal and get some interest in your trading there. This is not the right place.

Bob.

     
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Old November 3rd, 2016, 08:27 AM   #569 (permalink)
Elite Member
Tampere, Finland
 
Futures Experience: Intermediate
Platform: Saxobank, Sierra Chart
Favorite Futures: DAX futures
 
Posts: 51 since Dec 2015
Thanks: 9 given, 41 received

Sorry about disturbing

< content deleted, wrong thread >


Last edited by 2tenor; November 3rd, 2016 at 09:37 AM.
     
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Old November 3rd, 2016, 08:56 AM   #570 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Ninja
Favorite Futures: ES
 
Posts: 74 since Mar 2013
Thanks: 704 given, 49 received



bobwest View Post

I am a little sorry now that this present question has been put to vote. I agree that the situation has some complexity, and there may be circumstances that need to be weighed. I made my vote, and I am unsure if I was right or wrong -- which is the problem. This probably should not be put to the membership, because of the possibility of uninformed voting, both pro and con, and the simple fact that our instincts have not been sharpened by years of being on the job of keeping the forum safe. It is too likely that votes will be made based on emotional or other reasons, being for or against Alex on fairly weak grounds, instead of experienced consideration.

Agree 100%. After reading a lot of these posts, it's apparent that many people don't have all the facts or have the facts misunderstood.

I also noticed that yesterday, the poll was staying pretty consintent right around 60/40 in favor of lifting the ban. Then rather quickly, it swung to 48/52 in favor of keeping the ban. Is there any chance that someone is making fake accounts to alter the vote? Or are new members prevented from voting? Just curious because it seems odd that it changed so abruptly.

     

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