Ten-thousand in Education and still not profitable! - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


Ten-thousand in Education and still not profitable!
Updated: Views / Replies:61,937 / 334
Created: by bobbyacim Attachments:11

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 – 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.

-- Big Mike, Site Administrator

Reply
 11  
 
Thread Tools Search this Thread
 

Ten-thousand in Education and still not profitable!

  #151 (permalink)
Elite Member
New Brunswick, NJ
 
Futures Experience: Intermediate
Platform: N/A
Favorite Futures: N/A
 
Posts: 133 since Jun 2009
Thanks: 46 given, 154 received


farmer55 View Post
kctpac

I'll lend a helping hand. It will be something you will not want to hear. And others will say "If you can't say something constructive, don't say anything." But it will be the best advice you will get.

I for one would like to put together an algorthym for trading. Surely at least the technicals would be more easily shared. I know there are alot of techniques and some like different ones But there still should be some consensus on what is a good approach like how many time perids to use beginning with 1,3,5days etc followed by 1,5, 15 min. then followed by the best ticks to select and when they all line up you have a higher success of a profitable trade.

Forget all that stuff you just wrote! Not one of those things is going to make you money! It's all the same worthless stuff. It's unending. It just doesn't work.

You've already bought into the notion that new and better indicators are all that stand between you and success.

Just because something doesn't work for you, doesn't mean it doesn't work.

Reply With Quote
The following 2 users say Thank You to thatguy for this post:
 
  #152 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Advanced
Platform: Ninjatrader, TT, InvestorRT
Broker/Data: Advantage Futures, Ninja/TT and InvestorRT/IQFeed.
Favorite Futures: Treasury futures
 
Posts: 283 since Nov 2010
Thanks: 175 given, 811 received


Linds View Post
I understand that you have a long history in trading including in the 'pit'? Did you never wonder about the profitability of your peers? Did you never seek out any evidence anecdotal or otherwise about the kind of profitbaility that successful others had achieved?

regards

Like TigerTrader, I am a long term veteran of the trading pits. The profitability of many pit traders is obvious; anyone who started out trading 1 lots and is now trading 500 lots is obviously very profitable. The pit is a real as opposed to a virtual community so the success of some of its' members is visible to all. Online communities lack that transparency.

I am sympathetic to the position of the OP (but not to his hostility to the community). For many years, academic orthodoxy had it that beating the market was statistically impossible because they thought prices moved in a "random walk". This did not mean that an individual couldn't beat the market, only that for those who did it was not the result of skill but rather of luck: if enough people constantly flip a coin, a very few people will flip a long string of heads or tails.

It would be nice for people new to the community to see long term results of online traders for exactly the reasons various posters here have enumerated, namely to have evidence that success is possible. The problem is that those in the community who are successful have no obligation to provide that evidence, and some disincentives for doing so. Among the disincentives are that increasing the population of successful traders creates competition that may hurt your own results, and that providing online evidence of wealth may make you susceptible to attack (no one wants their children kidnapped).

That being said, like the OP, I find it interesting that nobody in in this community has posted statements online. It can't be the time required or a general unwillingness to help others, because some members clearly are willing to invest a great deal of time providing other members with advice, code development, argumentation, etc. It is either privacy concerns, or that success is very rare. In my own case it is that while I am slightly profitable, my success trading online does not rise to the level of proof any reasonable person would require.

"You don't need a weatherman to know which way the wind blows..."
Reply With Quote
The following 7 users say Thank You to jstnbrg for this post:
 
  #153 (permalink)
Elite Member
Paradise, USA
 
Futures Experience: Beginner
Platform: Big Charts
Favorite Futures: E-mini, Forex, Futures, Equities, Options
 
rtrade's Avatar
 
Posts: 502 since Nov 2010
Thanks: 578 given, 375 received



jstnbrg View Post
... anyone who started out trading 1 lots and is now trading 500 lots is obviously very profitable. The pit is a real as opposed to a virtual community so the success of some of its' members is visible to all. Online communities lack that transparency.


Wow, 1 lot to 500 lots....that gives me hope...the secret I believe is, Do You Believe?

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Reply With Quote
The following user says Thank You to rtrade for this post:
 
  #154 (permalink)
Elite Member
CA
 
Futures Experience: Master
Platform: Marketdelta and Ninja
Broker/Data: Velocity
Favorite Futures: NQ
 
Posts: 670 since Apr 2010
Thanks: 64 given, 521 received

Can someone just post a damn statement and get this over with?
I don't understand why people are still continuing this thread.

PM your email.. ill send you one if you want.

Reply With Quote
The following 6 users say Thank You to Michael.H for this post:
 
  #155 (permalink)
Elite Member
Springfield,Missouri, USA
 
Futures Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Futures: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 312 received

The reason people don't post their statements is for the exact same reason people don't disclose their salaries. Sex used to be the ultimate taboo in our society. Now that any and all things sexual are out of the closet, that phobia has moved over to money. I wouldn't even consider telling my closest friends what my salary is. Only my wife and my closest friend(who is in the same line of work as me) know my annual income. Even my kids don't know.
In my experience, people will discuss what happens in their bedroom more readily than what happens in their checkbook. It has less to do with trading, per se, than it does with popular psychology about money.
We all know that the vast majority on this site have careers besides trading. If I were to start a thread asking people to disclose their salaries, there would be very few, if any takers.

Reply With Quote
The following user says Thank You to Slipknot511 for this post:
 
  #156 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received


Slipknot511 View Post
The reason people don't post their statements is for the exact same reason people don't disclose their salaries. Sex used to be the ultimate taboo in our society. Now that any and all things sexual are out of the closet, that phobia has moved over to money. I wouldn't even consider telling my closest friends what my salary is. Only my wife and my closest friend(who is in the same line of work as me) know my annual income. Even my kids don't know.
In my experience, people will discuss what happens in their bedroom more readily than what happens in their checkbook. It has less to do with trading, per se, than it does with popular psychology about money.
We all know that the vast majority on this site have careers besides trading. If I were to start a thread asking people to disclose their salaries, there would be very few, if any takers.

I never told anybody my income, not even my wife/GF's. (fortunately)

Reply With Quote
The following user says Thank You to MetalTrade for this post:
 
  #157 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


jstnbrg View Post
Like TigerTrader, I am a long term veteran of the trading pits. The profitability of many pit traders is obvious; anyone who started out trading 1 lots and is now trading 500 lots is obviously very profitable. The pit is a real as opposed to a virtual community so the success of some of its' members is visible to all. Online communities lack that transparency.

I am sympathetic to the position of the OP (but not to his hostility to the community). For many years, academic orthodoxy had it that beating the market was statistically impossible because they thought prices moved in a "random walk". This did not mean that an individual couldn't beat the market, only that for those who did it was not the result of skill but rather of luck: if enough people constantly flip a coin, a very few people will flip a long string of heads or tails.

It would be nice for people new to the community to see long term results of online traders for exactly the reasons various posters here have enumerated, namely to have evidence that success is possible. The problem is that those in the community who are successful have no obligation to provide that evidence, and some disincentives for doing so. Among the disincentives are that increasing the population of successful traders creates competition that may hurt your own results, and that providing online evidence of wealth may make you susceptible to attack (no one wants their children kidnapped).

That being said, like the OP, I find it interesting that nobody in in this community has posted statements online. It can't be the time required or a general unwillingness to help others, because some members clearly are willing to invest a great deal of time providing other members with advice, code development, argumentation, etc. It is either privacy concerns, or that success is very rare. In my own case it is that while I am slightly profitable, my success trading online does not rise to the level of proof any reasonable person would require.

Wow, another real person. An honest, straight from the gut! WOW WOW WOW.... I can tell that you are well balanced just from your post, that you have left your EGO at the door which so few people these days are capable of. I applaud your post!

Reply With Quote
The following 3 users say Thank You to bluemele for this post:
 
  #158 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


Michael.H View Post
Can someone just post a damn statement and get this over with?
I don't understand why people are still continuing this thread.

PM your email.. ill send you one if you want.

Sure. On it's way! I am not scared to review a profitable trader! It inspires me just like watching a surfing video before ya go surf!

Reply With Quote
The following 2 users say Thank You to bluemele for this post:
 
  #159 (permalink)
Elite Member
CA
 
Futures Experience: Master
Platform: Marketdelta and Ninja
Broker/Data: Velocity
Favorite Futures: NQ
 
Posts: 670 since Apr 2010
Thanks: 64 given, 521 received

OK, i think i got about 15 private messages since last night alone asking for it. I think ill just post an old statement on this forum if it helps you guys to get this over with. I don't know how you guys are bringing topics about sex into this.
I'll even give you a general idea on how I used it and what i was looking for when i was trading this at that time.

I no longer use this, so its not gonna hurt me.

Would that really help you guys? Would that be sufficient?

What i found really funny is that there are people on this thread claiming that im a fake, its photoshopped, im showing off and they would never post a statement since it would never help anyone, but even they sent me private messages asking to see it. I thought that was interesting.

Just hit the thanks button on the bottom, I don't want to get another 30 private messages.

Reply With Quote
The following 12 users say Thank You to Michael.H for this post:
 
  #160 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,660 since Nov 2010
Thanks: 775 given, 8,686 received
Forum Reputation: Legendary



Michael.H View Post
OK, i think i got about 15 private messages since last night alone asking for it. I think ill just post an old statement on this forum if it helps you guys to get this over with. I don't know how you guys are bringing topics about sex into this.
I'll even give you a general idea on how I used it and what i was looking for when i was trading this at that time.

I no longer use this, so its not gonna hurt me.

Would that really help you guys? Would that be sufficient?

What i found really funny is that there are people on this thread claiming that im a fake, its photoshopped, im showing off and they would never post a statement since it would never help anyone, but even they sent me private messages asking to see it. I thought that was interesting.

Just hit the thanks button on the bottom, I don't want to get another 30 private messages.

Go for it Michael

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

Reply



futures io > > > Ten-thousand in Education and still not profitable!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF bobbyacim Trading Reviews and Vendors 303 March 15th, 2017 03:55 AM
Homeland-Security Business Still Booming Ten Years Later Quick Summary News and Current Events 0 May 29th, 2011 11:30 AM
Journey of a thousand ticks drmartell Elite Trading Journals 24 November 14th, 2010 12:33 PM
Top Ten Reasons I'm Ready To Leave My Home Office tigertrader Off-Topic 8 August 26th, 2010 11:32 AM
Enter to win: Ten commission free trades from Mirus Futures Big Mike Feedback and Announcements 12 June 30th, 2010 10:26 AM


All times are GMT -4. The time now is 10:00 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 2017-11-24 in 0.14 seconds with 20 queries on phoenix via your IP 54.225.16.10