New Beginnings: The Journal of a Trader's Journey to Equanimity - Trading Journals | futures io social day trading
futures io futures trading


New Beginnings: The Journal of a Trader's Journey to Equanimity
Updated: Views / Replies:10,788 / 122
Created: by plethora Attachments:4

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
 4  
 
Thread Tools Search this Thread
 

New Beginnings: The Journal of a Trader's Journey to Equanimity

  #121 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Rithmic
Favorite Futures: GC
 
plethora's Avatar
 
Posts: 639 since Dec 2010
Thanks: 1,174 given, 422 received


Big Mike View Post
I'm passionate sometimes about what I post -- I just went back and re-read what I posted about automation. You should understand I am only speaking from my own experience and in many cases experiences that I shared with others on this forum as they went through something similar. You shouldn't abandon automation (or any decision) solely based on one post made by me. Stand by your convictions if you believe you are right and I am wrong.

Automation doesn't work for me, and I know of no retail trader where it does work. Sure automation can work for the big guys, but they are not in the same league as us. So I stand by my recommendation to focus on discretionary trading, but you should understand the reasons behind that --- I have found most people search for automation to try and cure shortcomings they have with their own trading, like fear of pulling the trigger or inability to follow the rules, or over trading.

But they end up replacing one bad set of problems with another. Automation is so much more difficult than discretionary trading. Again, in my opinion, as everything I write always is... With todays software and backtesting engines, you either get caught up in software errors and inadequacies, or you get caught up in over optimization and over curve fitting. Both of which require a very highly experienced systems trader to identify and understand, then ultimately overcome. The sweet spot is very small. I feel pretty confident that if a highly experience systems trader reads my post, they will likely agree that the normal trader seeking automation would be better off if he spent all his time, energy and money improving his discretionary trading skills rather than seeking the automation path. But that's just an educated guess.

One thing is for sure, you will almost certainly not be profitable trying to follow someone elses exact method. Trading is a hugely personal thing, so much intuition and feel, things that are unique from one trader to the next. You only have to look at the famous story of the Turtle Traders, they were all taught an identical method but had wildly varying results. What is important is finding your own path, even if that path is made up of rocks and concrete from other traders. You must completely own your method and it must fit with your trading style, so that you have the full confidence required to execute it as well as understand everything about it.

Keep posting, keep moving forward

Mike

Mike, you should write a book about trading in your characteristic informed but informal, warm, and experienced tone and style. This blog has been preparing you. Have you begun or completed the first draft, yet?

Reply With Quote
 
  #122 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Rithmic
Favorite Futures: GC
 
plethora's Avatar
 
Posts: 639 since Dec 2010
Thanks: 1,174 given, 422 received


MetalTrade View Post
I want to give you a heads up on trading without a chart and just looking at the market depth on a dom.

If you meet a guru that is teaching that system run away, fast.

Haha. Are you talking to me, metal, or someone else on this thread? Isn't that the equivalent of what we do on destructive, revenge trading days.

Even though I have no intention of doing all of those exercises I wanted them in the same format I found them in and in one place where I could easily find and refer to them again, and also for aesthetics.

Reply With Quote
The following user says Thank You to plethora for this post:
 
  #123 (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: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received



plethora View Post
Mike, you should write a book about trading in your characteristic informed but informal, warm, and experienced tone and style. This blog has been preparing you. Have you begun or completed the first draft, yet?

Yes, I will write a book some day. I've planned to do so for over a year now, but it will be a while before I do.

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.

Reply With Quote
The following user says Thank You to Big Mike for this post:

Reply



futures io > > > New Beginnings: The Journal of a Trader's Journey to Equanimity

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
David_R's Trading Journey Journal (Pls comment) David_R Trading Journals 165 July 17th, 2014 02:21 AM
My Journey From a Poker Pro to a Trader rounder8 Elite Trading Journals 63 June 2nd, 2012 12:57 PM
Little League to the Big Leagues - Journal of a simple trader rtrade Elite Trading Journals 142 July 23rd, 2011 05:22 PM
Trader 11 Journal greggdd Trading Journals 15 March 18th, 2011 12:53 AM
Curbfeeler's Trading Journal (It's a Journey) Curbfeeler Trading Journals 5 September 27th, 2010 11:32 AM


All times are GMT -4. The time now is 11:24 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 2017-12-17 in 0.09 seconds with 20 queries on phoenix via your IP 54.221.73.186