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:10,752 / 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

  #41 (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


mainstream View Post

Your post got me off my butt to install Parallels into my Mac so my laptop is Windows based.
That said, Windows 7 turned out to be uninstalled incorrectly and is being reloaded. If all
works out well I'll get a 30" monitor and save $$ on a new computer. I truly can't see enough
on my monitors. Thanks for motivating me. I have a lot to do to arrive at the starting point
of simulator-trading...

Reply With Quote
 
  #42 (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


mainstream View Post


I meant to respond to this post. This is the item could not open which motivated me to productive action. Thanks again.

Reply With Quote
 
  #43 (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



aquarian1 View Post
Hi Plethora,
I guess its all been said by the other replies. It must be very hard if you " have no other way to support myself"
I would like to say I agree with Metal - go to a simulator. If you MUST trade then perhaps you could set yourself a rule I will only take one trade of one ES or 100 SPY shares per day. That you are trading on the low volume before Christmas is ... well silly.

Here are my suggestions if you would like to see what might work for you:
1. First thing in the morning after you have made your coffee, sit quietly and and in a notebook just for this purpose, list 10 things you are thankful for numbered 1 to 10.
"Thank-you for my coffee. Thank-you for a warm place to sleep." ect

2. Secondly, write some of your accomplishments.
"I got to bed on time."
They can be anything. Big or small but stated in the positive. Be generous with yourself - it doesn't have to be something that someone else would regard as an accomplishment.

3. Thirdly, Stand in front of a mirror and say
"Plethora I love you."
for a couple of minutes - from Louise Hay You Can Heal your Life.

3B. Go for a brisk walk at a pace of 4 miles per hour, swing your arms breath deeply and smile

4. Write a list of affirmations and read them aloud.

5. As for trading, well the others are better sources than I.

The ES is very hard to trade, very 'hurky-jerky' without good trending.
On narrow low volume days you are meat for the floor traders.

All the best.

Those are great suggestions, aquarian. I can't wait till I get to the point of doing them. May I ask, if you think the ES is very hard to trade without good trending, what is your solution for yourself as I see it is your preferrred instrument to trade? Thanks again.

Reply With Quote
 
  #44 (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
Loosing a lot of money because of my fault fixed my problems.

BINGO! I'm fixing my faults. I truly now know what they are/were. Well at least the ones that aren't concealed by a blindspot.

Metal, I PM'd you. I need help. It's torture trying to snag Perry's complete system. There's no way I'm going to that thread and publicly asking for help.

Reply With Quote
 
  #45 (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


sysot1t View Post
you gain that confidence by learning the basics, applying oneself, and achieving success and when facing failures admiting to those failures and learning from the mistakes... no success without effort and putting in the time to learn it is what I believe in.

That's how I gain confidence and where my thoughts have been. Thank you.

Reply With Quote
 
  #46 (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


sysot1t View Post
Excitement is great, but until you get to the point of where you do not feel excitement to trade or click the button then you are ready for live.

FWIW I'm not excited anymore. It's grueling trying to load Perry's system. Sheesh. Man-0-man. But I understand your point, sysot, and your words are so true.

Reply With Quote
 
  #47 (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


plethora View Post
Those are great suggestions, aquarian. I can't wait till I get to the point of doing them. May I ask, if you think the ES is very hard to trade without good trending, what is your solution for yourself as I see it is your preferrred instrument to trade? Thanks again.

I hope you try one or two - perhaps just start with the Thank-yous and do it for a few weeks. The Universe loves a grateful person!

I only trade the ES. I have spent more than two years specializing on it and all my collected data is related to it.
When it is slow and thin like this I don't trade. I am patient and I will wait for the market to return to its more normal daily trading range in the new year. A day I don't trade and don't lose money is still a plus day. I have certain rules that I stick to and one it no trading on days less than 12pts.

I am looking for a minimum of 2:1 reward:risk ratio. As my stop is usually 3 pts then I must see 6 points profit potential minimum or I don't take the trade. On a 15pt day - more normal range - if you slice off the bottom 3 pts you have 12pts to the high. You may not take all of the 12pts though that would be ideal.

So if 1240 is the expected low, I would wait for the market to show the bottom is in (hence the lost of 3 pts) and take the trade with a trailing 5pt stop. Once the trade is 6 pts in my favour an alarm goes off and I watch it in case it starts to turn south. (however my style is not the average and many people are only looking for 2 or 3 pts.)

Some people believe you should specialize in one instrument and not jump around. Others have a trading style that allows them to trade several. I sometimes watch these free videos:
Free Trading Videos
The fellow, Michael, there has had a short bond trade that moved into a swing trade and worked very well for him for December (probably since Big Ben started QE2! LOL)

i hope it helps

Reply With Quote
The following user says Thank You to aquarian1 for this post:
 
  #48 (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


MetalTrade View Post
You mean ex-floortraders right ?

The making of lists, talking in the mirror and other stuff like that doesn't work for me. Loosing a lot of money because of my fault fixed my problems.

Hi Metal,

The suggestions weren't mean for you - its not your journal.

Different suggestions for different people.I suggested what I felt was best for Plethora at this time. Most of trading is a mental game. The mechanics of a system are of second importance until you are feeling positive and confident.

You had already told Plethora to stop trading right away and go to the sim before she lost all her money. Now you write "losing a lot of money solved my problems" -surely you're not recommending to someone that is feeling overwhelmed that they add to their stress by "losing a lot of money?

I doubt very much you "solved" anything (though since you don't have a journal (?) that might be incorrect.) I would wager you have never tried any of the suggestions I have mentioned, yet you past your judgment/opinion on them. A mind is like a parachute it needs to be open to work. All your post does it make it harder for others who could benefit by the suggestions to implement them. (Out of respect for Plethora if you wish to continue the discussion PM me.)

Reply With Quote
The following 2 users say Thank You to aquarian1 for this post:
 
  #49 (permalink)
Elite Member
Netherlands
 
Futures Experience: Advanced
Platform: none
Favorite Futures: Stocks
 
Ryanb's Avatar
 
Posts: 196 since Sep 2010
Thanks: 117 given, 353 received

This test in combination with the book gave me a lot of knowledge about myself, sounds to me that you are somewhat risk addicted. i did it your way when i started in the crash of 2008/2009 it didn't crush me, but as soon as the market is gone in their normal behavior i gone down, and now i`m still learning a lot.

Tharp Trader Test - Enable Cookies

Reply With Quote
The following 2 users say Thank You to Ryanb for this post:
 
  #50 (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




Based on Tharp, I am a "Detailed Trader". ROFLMAO

Tharp Trader Test - Enable Cookies

You tend to earn your success by being thorough, methodical, systematic, organized, and dependable. You are also realistic and responsible as long as things make sense for you. You probably decide logically what needs to be done and work toward it little by little until you are finished.

One of Your Trading Strengths - You should be really good at data analysis/developing business plans especially when someone provides you with the exact steps to take.

One of Your Trading Challenges - You can be overly critical and only notice the negatives in your trading. If you do not learn to recognize your mistakes, you could become stuck.

Reply With Quote

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 05:02 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 0.15 seconds with 20 queries on phoenix via your IP 54.90.92.204