(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 – 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 don’t 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.
What I did well:
- Kept it simple, and didn't overtrade.
Keep focusing on:
- Trade entries within first 1.5hrs
- Rehearse taking losses.
- Take 10mins break after loss.
- Max loss for the day is 8 points.
- Being selective for bullish/bearish bar entries. Scratch if it doesn't move.
- Watch out for chasing trades. It only leads to bad entries, and potentially getting my stop hit.
- Never move BE stop after profit.
- Next 3 losses I MUST take 10min break.
What I did well:
- Walked away for 10min after a loss. Looking back, there was a setup that I missed because I walked away. Nevertheless, it's a habit I'm committed to building.
- Kept my daily loss below 8 points. There was a trade that I could have taken after I called it a day, that would have made money. But each trade has it's risk, and I couldn't let my daily loss go from -7.5 to -11.5. Looking at my past trading records from the past few years, the days where I didn't walk away are usually the days that I look back costing me the most for the month. GREAT JOB!!
- My mental preparation has been good, where I'm close to being indifferent to whether I make money or not. That's the sweet spot I want to be.
Keep focusing on:
- Trade entries within first 1.5hrs
- Rehearse taking losses.
- Take 10mins break after loss.
- Max loss for the day is 8 points.
- Being selective for bullish/bearish bar entries. Scratch if it doesn't move.
- Watch out for chasing trades. It only leads to bad entries, and potentially getting my stop hit.
- Never move BE stop after profit.
- Next 3 losses I MUST take 10min break. Done 2 out of 3.
The following 2 users say Thank You to quantum27 for this post:
Nice day today, keeping discipline on bad days like yesterday and coming back today is what it's all about. Basically a trend day that closed near the bottom, but there were alot of things that made me question whether it will be a trend day. But the market internals were weak, which gave me confidence.
Trade 1:
Long 1059.25 9:45
Ex: 1057.75 9:47 -3
I should have walked away for 10mins, but didn't. Next loss I take I must walk away.
It was abit hard to hold on, there were a couple of times I was thinking of taking profits early and going long. But market internals were showing selling strength.
What I did well:
- I let the trade go, leaving a BE stop despite having some deep pullbacks.
- Wasn't much skill involved today, as the market pretty much just sold off.
What can be improved:
- Next loss I take I must walk away for 10min. I'm not expecting much for Thursday, so trade lightly and don't give back my profit.
Keep focusing on:
- Trade entries within first 1.5hrs
- Rehearse taking losses.
- Take 10mins break after loss.
- Max loss for the day is 8 points.
- Being selective for bullish/bearish bar entries. Scratch if it doesn't move.
- Watch out for chasing trades. It only leads to bad entries, and potentially getting my stop hit.
- Never move BE stop after profit.
- Next 3 losses I MUST take 10min break. Done 2 out of 3.
The following user says Thank You to quantum27 for this post:
Looking back, I was pretty aggressive entering into this trade. But I knew it was bouncing off the pivot point, moving up fast, and market internals shows buying strength.
I could have probably have just held on my partial position till the end of the day.
Trade 3:
Short 1051.5 10:29
Ex: 1051.25 +0.5
Got spooked out with the big tail bouncing off the VAH. Decided to go short, but I got out quick when I saw the market starting to support.
What I did well:
- Took 10min break after my loss
- Trade entries were within first 1.5hrs
What can be improved:
- Didn't rehearse taking losses. Lets not make a habit out of this.
Keep focusing on:
- Trade entries within first 1.5hrs
- Rehearse taking losses.
- Take 10mins break after loss.
- Max loss for the day is 8 points.
- Being selective for bullish/bearish bar entries. Scratch if it doesn't move.
- Watch out for chasing trades. It only leads to bad entries, and potentially getting my stop hit.
- Never move BE stop after profit.
- Next 3 losses I MUST take 10min break. Done 3 out of 3.
The following 4 users say Thank You to quantum27 for this post:
I took a shot at the long side, but didn't expect it to go so quickly. I pretty much got filled on my entry, and got out on my automatic profit targets instantly. Nice!
I tried to re-enter with 1/2 my position, as the market had taken me out with both profit targets filled. For some reason, I entered on my full position. Good job for getting out quick and not trying to be greedy about it.
What I did well:
- Trade entries were within first 1.5hrs
- Eventhough I was tempted to short, I knew I had made enough for the day.
- Got out quick when I had a mistake in my entry in trade 4.
What can be improved:
- Didn't fully rehearse taking losses.
- Keep a watch out for taking 10min break after a loss.
Keep focusing on:
- Trade entries within first 1.5hrs
- Rehearse taking losses.
- Take 10mins break after loss.
- Max loss for the day is 8 points.
- Being selective for bullish/bearish bar entries. Scratch if it doesn't move.
- Watch out for chasing trades. It only leads to bad entries, and potentially getting my stop hit.
- Never move BE stop after profit.
Not a good day for me, market was quite volatile with lots of 5min tails showing very little conviction.
Most importantly, I let my discipline go out the window, and I know I can trade better than this. This is one of those days that your bad habits creeps back to bite you, if you're not careful.
Trade 1:
Short 1035 9:51
Ex: 1036.75 9:52 -3.5
This was a well managed trade, but I should have really taken the 10min break to clear my head.
Trade 2:
Long 1036.75 9:52
Ex: 1036.75 10:00 +0
I probably should have taken 2 points out of this trade, but I ended up moving the profit target. Focusing too much on making my money back.
Trade 3:
Short 1036 10:02
Ex: 1038.25 10:03 -4.5
This is where things started to go wrong. I moved my stop, which is a BIG mistake. Should have just ended here for the day, as I have reached my daily 8 point loss limit.
Trade 4:
Long 1040 10:03
Ex: 1038 10:11 -4
Example of a chased trade, entering at the worse price, and getting stopped out. This trade wouldn't have happened if I had taken a 10min break to recollect.
What I did well:
- Pulled the plug, despite being late I pulled the plug.
- There were a couple of good trades there, but the losses made the day red.
- These days I have a healthier attitude towards days like this, in the past I would be beating myself up alot. I know it's 100% my fault, I take full responsibility for my actions, the good news is that I have the power to make the positive changes. I learnt a few things about myself that is going to help me in the future.
What can be improved:
- For the month of November, I MUST take my 10min break after a loss. This will be my #1 priority for this month. It needs to be automatic. I know that if I do this single thing, I can get back to a centred place which will allow me to follow through with the actions below.
- NEVER move a stop. Today was a perfect example of it, and I know when I'm moving my stops, I'm just in the wrong headspace to be trading.
- NEVER violate your daily risk limit. Not everyday is created equal, part of being a profitable trader is being able to walk away and come back and fight another day.
- Need to rehearse taking losses, this will help me accept the loss and not try and get back what I've lost.
Focus for November:
- I MUST take my 10min break after a loss.
- Rehearse taking losses.
- Max loss for the day is 8 points.
- Never move BE stop after profit.
- Never move a stop.
- Being selective for bullish/bearish bar entries. Scratch if it doesn't move.
- Watch out for chasing trades. It only leads to bad entries, and potentially getting my stop hit.
The following user says Thank You to quantum27 for this post:
Focus for November:
- I MUST take my 10min break after a loss.
- Rehearse taking losses.
- Max loss for the day is 8 points.
- Never move BE stop after profit.
- Never move a stop.
- Being selective for bullish/bearish bar entries. Scratch if it doesn't move.
- Watch out for chasing trades. It only leads to bad entries, and potentially getting my stop hit.
Focus for November:
- I MUST take my 10min break after a loss.
- Rehearse taking losses.
- Max loss for the day is 8 points.
- Never move BE stop after profit.
- Never move a stop.
- Being selective for bullish/bearish bar entries. Scratch if it doesn't move.
- Watch out for chasing trades. It only leads to bad entries, and potentially getting my stop hit.
What I did well:
- Took 10min break after my loss. Well done, definitely felt alot more centred after.
- Rehearsed taking losses.
Focus for November:
- I MUST take my 10min break after a loss.
- Rehearse taking losses.
- Max loss for the day is 8 points.
- Never move BE stop after profit.
- Never move a stop.
- Being selective for bullish/bearish bar entries. Scratch if it doesn't move.
- Watch out for chasing trades. It only leads to bad entries, and potentially getting my stop hit.
The following user says Thank You to quantum27 for this post:
What I did well:
- Took 10min break after my loss.
- Rehearsed taking losses.
- I walked away feeling like I didn't make enough today. But I reminded myself that I only needed to make 1 point a day, and I certainly did. It's funny how having taken a big loss earlier this week, made me feel like I need to make more. I certainly would have been satisfied with today's result if I hadn't taken that big loss. Shouldn't let the past affect me, because the market doesn't care.
Focus for November:
- I MUST take my 10min break after a loss.
- Rehearse taking losses.
- Trade first 1.5hr
- Max loss for the day is 8 points.
- Never move BE stop after profit.
- Never move a stop.
- Being selective for bullish/bearish bar entries. Scratch if it doesn't move.
- Watch out for chasing trades. It only leads to bad entries, and potentially getting my stop hit.
The following 3 users say Thank You to quantum27 for this post:
. Moved stop. Worst trade ever.
