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:62,311 / 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!

  #321 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Futures
 
Posts: 295 since Nov 2011
Thanks: 302 given, 280 received

@Steven.

I agree totally with needing a trading psychology although I took the route of a private practice trading psychologist....it was money well spent (at least better spent than all the "systems" I bought).

Reply With Quote
The following user says Thank You to TrendTraderBH for this post:
 
  #322 (permalink)
Elite Member
San Diego, Miami & On the lake (Summer)
 
Futures Experience: Advanced
Platform: Ensign, Ninja, Sierra, TradeStation & MT4
Broker/Data: CQG, TT & FinFX
Favorite Futures: indices/notes/currencies/ metals/energies
 
Posts: 368 since Oct 2009
Thanks: 143 given, 602 received

Of course!

The final frontier in trading is 'iron-willed' discipline with near-flawless execution and steely resolve.

Without it you should probably just work a real job.

Armed with it though; one gets to have the freedom that buying and selling money gives.

I still attend at least 1 archived or real-time webinar on psychology every week. I also see a trading psychologist approximately 20X's per year (I have traded full time for 27+ years now).

It is burned into my brain. Basically, successful traders brainwash (in a good way) themselves with repetition so that the concepts soak into the subconscious.

Every Sunday I skip that supernatural worship thing that some people do and read from my own good 'book(s)' on psychology and trade management and technical analysis.

This is what separates small-lot and/or marginal traders and those that then are able to trade size and create wealth over a significant amount of time (years).

There is no wealth without work. It begins within.

peace

Hedvig


Last edited by researcher247; May 9th, 2012 at 06:04 PM. Reason: edited out the profanity...
Reply With Quote
The following 6 users say Thank You to researcher247 for this post:
 
  #323 (permalink)
Elite Member
port charlotte, florida
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Oil
 
Posts: 94 since Dec 2011
Thanks: 54 given, 72 received

It's long hard work - it's not easy



Steven Sontag View Post
There are many factors that determine success in trading. It is a good idea to check out you trading psychology.
Go to ultimatetradingpsychology.com Patrick has a good free 5 lesson course to get you started.

Steven:

Thanks for the post. Websites and books like this are a great idea for people to realize that they themselves are 90% of the problem and when they can successfully change their behavior they can be successful traders (can be - not will be).

I am amazed at the growing number of sites and sitechologists that are out there now telling us how we need to look after our own emotions and psychology. The intent is valid but they make it seem easy. I am amazed that they are so successful as traders that they need to run these businesses telling other people how to make money. I grow more skeptical of them every day.

On Patrick's site one of his 'key' points is:
How to quickly and easily achieve incredible self discipline, that will enable you to cut loses quickly, let your profits run and follow your system and rules

It is not quick and it is not easy. If you don't have self discipline today, as I don't, it is going to take a lot of time and effort to develop it.

Becoming a professional trader is like becoming any (successful) professional. Anyone who thinks it is easy and quick to become a golfer to compete with the likes of Tiger Woods is truly self deluded.
=============================================================================

I had a boss who used to regularly remind me of the old adage "if you're not part of the solution you are part of the problem!". Anyone can criticize but always propose an action when you do criticize.

The action I am proposing is the formation of a self-help group perhaps along the lines of Weight Watchers, Alcoholics Anonymous. The purpose of the group would be to develop a program and then support each other in that program to develop self discipline. The group doubled last week - from 1 to 2! Is anyone else interested?

Geoff

Reply With Quote
 
  #324 (permalink)
Elite Member
Montreal, Canada
 
Futures Experience: Intermediate
Platform: Multicharts
Broker/Data: Interactive Broker
Favorite Futures: Forex
 
Posts: 262 since Sep 2010
Thanks: 436 given, 86 received


researcher247 View Post
Of course!

The final frontier in trading is 'iron-willed' discipline with near-flawless execution and steely resolve.

Without it you should probably just work a real job.

Armed with it though; one gets to have the freedom that buying and selling money gives.

I still attend at least 1 archived or real-time webinar on psychology every week. I also see a trading psychologist approximately 20X's per year (I have traded full time for 27+ years now).

It is burned into my brain. Basically, successful traders brainwash (in a good way) themselves with repetition so that the concepts soak into the subconscious.

Every Sunday I skip that supernatural worship thing that some people do and read from my own good 'book(s)' on psychology and trade management and technical analysis.

This is what separates small-lot and/or marginal traders and those that then are able to trade size and create wealth over a significant amount of time (years).

There is no wealth without work. It begins within.

peace

Hedvig

Hello Hedvig

Mind to share web site, books , CD etc. that helped you on the psychological side of the business

Martin

Reply With Quote
 
  #325 (permalink)
Elite Member
San Diego, Miami & On the lake (Summer)
 
Futures Experience: Advanced
Platform: Ensign, Ninja, Sierra, TradeStation & MT4
Broker/Data: CQG, TT & FinFX
Favorite Futures: indices/notes/currencies/ metals/energies
 
Posts: 368 since Oct 2009
Thanks: 143 given, 602 received

Hola,

I have mentioned several of these sources on my deviant personal trading/lifestyle journal.

You'll have to wade through my ramblings to find the links. I hyperlinked most of them.

It's over here: Forums - Deep thoughts...

Peace

Hedvig

Reply With Quote
The following 2 users say Thank You to researcher247 for this post:
 
  #326 (permalink)
Membership Temporarily Revoked
siam, west coast andaman sea
 
Futures Experience: Master
Platform: ninja
Favorite Futures: gc, cl, tf, 6e
 
nakachalet's Avatar
 
Posts: 512 since Aug 2011
Thanks: 559 given, 200 received

geoff, beam me up scotty....

I had a boss who used to regularly remind me of the old adage "if you're not part of the solution you are part of the problem!". Anyone can criticize but always propose an action when you do criticize.

The action I am proposing is the formation of a self-help group perhaps along the lines of Weight Watchers, Alcoholics Anonymous. The purpose of the group would be to develop a program and then support each other in that program to develop self discipline. The group doubled last week - from 1 to 2! Is anyone else interested?

Geoff

@geoff

am lazily interested, nevertheless interested.

beam me up and count me as #3 or just @2.5, K?

and put me in your linkage and loop, K?

thx for a great charitable idea and we'll see if it goes any where.

warm regards

<by the way, are you the same geoff who sometimes serves as technician answering some members' technical questions, in certain company, pls?>

Reply With Quote
The following user says Thank You to nakachalet for this post:
 
  #327 (permalink)
Elite Member
port charlotte, florida
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Oil
 
Posts: 94 since Dec 2011
Thanks: 54 given, 72 received


nakachalet View Post
I had a boss who used to regularly remind me of the old adage "if you're not part of the solution you are part of the problem!". Anyone can criticize but always propose an action when you do criticize.

The action I am proposing is the formation of a self-help group perhaps along the lines of Weight Watchers, Alcoholics Anonymous. The purpose of the group would be to develop a program and then support each other in that program to develop self discipline. The group doubled last week - from 1 to 2! Is anyone else interested?

Geoff

@geoff

am lazily interested, nevertheless interested.

beam me up and count me as #3 or just @2.5, K?

and put me in your linkage and loop, K?

thx for a great charitable idea and we'll see if it goes any where.

warm regards

<by the way, are you the same geoff who sometimes serves as technician answering some members' technical questions, in certain company, pls?>

Thank you for your 'lazy' interest 

I really appreciate your honesty in admitting this. That alone puts you far ahead of most people who say they want to learn to trade. I believe that becoming a successful, professional trader requires complete commitment (and interest). You’re either all-in or you’re out.

The first two to show ‘interest’ did not respond to my follow-up e-mails so I consider them to not be fully interested either. As a result I see that the group I wanted to build has a membership of only 1 – me.

I can 100% understand that others do not see me as the leader or co-ordinator to form such a group. I can also 100% understand that others do not think this can be done via an internet-group. If I could see an alternative I would jump at it. The one possibility of paying for a coach would work for me if I had already seen a coach that I would pay or knew how to find one.

To wrap this up, I am convinced that to become a professional trader takes the same time, commitment and discipline as becoming a commercial pilot, golfer or poker player. It takes years of concerted, focused, committed effort so that one’s underlying way of thinking, perceiving and behavior changes to be consistent with the trading environment.

If/when I determine how I can do this and how I can work it into a group I’ll put a posting back on Big Mike.

Regards

Geoff


PS - I'm not that 'other' guy.

Reply With Quote
 
  #328 (permalink)
Elite Member
London, United Kingdom
 
Futures Experience: Beginner
Platform: Sierra / NT7 / Jigsaw
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL
 
kab0000's Avatar
 
Posts: 46 since Feb 2015
Thanks: 1,937 given, 42 received


Slipknot511 View Post
success has much less to do with education and much more to do with discipline and the right mindset.
Discipline will lead to consistency. With even a modicum of consistency, patterns in your behavior can be identified and adjusted. Without some sort of consistency, it is impossible to improve as a trader since your results will essentially be random. If your results are random, you can't even identify problems much less correct them.
This is why everyone says you must keep a trade journal & log all of your trades. But I can tell you, if you don't stick with one method and trade it consistently, that trading journal is useless.
Most all traders want instant success or they have unrealistic goals. This leads them to "system search". They will try a system for a few days or weeks and if their expectations aren't met, they will move on, assuming that the system is the reason they are not making money. The reality is that poor behavior patterns are the reason they fail. But without sticking with one system long enough, those patterns never have a chance to reveal themselves.
Sooner or later you have to admit that the only common denominator in all of the failed systems you tried is you. Once you can fully embrace this, then you can stick with one system, even if you consistently lose, long enough to start seeing the behavior patterns that are causing you to lose. Only then can you stand a chance at correcting the true weak link in your trading... and it has nothing to do with how much you have spent on education.

@Slipknot511

These are wise words (IMHO) and if there was anything that amounted to a holy grail then this would be it. Stick to a system and realise mindset and discipline are as important if not more important than the system itself. You hear this a lot but I don't think most get it.

Simplicity is the ultimate sophistication - Leonardo da Vinci
Reply With Quote
 
  #329 (permalink)
Elite Member
London, United Kingdom
 
Futures Experience: Beginner
Platform: Sierra / NT7 / Jigsaw
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL
 
kab0000's Avatar
 
Posts: 46 since Feb 2015
Thanks: 1,937 given, 42 received


tigertrader View Post
Please don't take this the wrong way, but I am not sure why there are those on this thread, that are so preoccupied with seeing other peoples' P&L. You either believe in yourself, or you don't. Trying to motivate yourself by seeing someone else's positive P&L, isn't going to be the difference between your success or failure, but believing in yourself will.

@tigertrader

I agree with the part of your statement where you say "You either believe in yourself, or you don't" but in order for some to get to this stage they may require evidence based observations (not saying that they are owed this).

I'm sure most have heard of Roger Bannister and the 4 min mile barrier. More importantly what happened after he broke it? I'm not sure if we are allowed to post videos from other sites but this short clip should illustrate the power of that evidence based observation: https://www.youtube.com/watch?v=3pJS-AJowtM

With that being said and thinking about it as I am writing now it would stand to reason that very few if any successful traders would want others believing that they too could be success if this is a nil sum game. Why would they want the extra competition? It would stand to reason then that you would not get many wanting to show the money they make for that reason (assuming this unicorn does exist )

*This is an edit after reading the thread further and realising someone has already posted the Roger Bannister illustration. Apologies for the repetition.

Simplicity is the ultimate sophistication - Leonardo da Vinci

Last edited by kab0000; February 19th, 2017 at 11:22 AM.
Reply With Quote
 
  #330 (permalink)
Elite Member
knoxville tennessee usa
 
Futures Experience: Advanced
Platform: nijia trader
Broker/Data: A.M.P. I.Q. ....C.Q.G.
Favorite Futures: ym
 
Posts: 429 since Mar 2012
Thanks: 87 given, 174 received

10,000 in education and still can not trade


i think the person that made the post had a point. the trading educators that sold him all of that over price b.s. told some fairy tails along the way. we have all herd the same bed time storys. is there any one on this forum that trust trading vendors. any thing sold by a trading vendor should there not be a big red stamp ..buyer be ware and some a skull an cross bones. i fell sorry for the guy..

Reply With Quote

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)

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
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 03:56 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 0.16 seconds with 20 queries on phoenix via your IP 107.20.115.174