TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF
Updated: Views / Replies:51,284 / 303
Created: by bobbyacim Attachments:17

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
 17  
 
Thread Tools Search this Thread
 

TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF

  #171 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


monpere View Post
Yes the entry is also mechanical. It is defined with multiple steps of criteria that has to be met, but given that I only trade that setup (actually I trade 2 setups) I am so familiar with the setup that all those steps have now gelled into a 'picture' for me, that I can recognize instantly, and actually recognize as the setup or picture is forming, before it fully completes.

Those are wise words. And they do not only apply to "chart patterns", the patterns found elsewhere in finance are probably even more important...

Reply With Quote
 
  #172 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


jstnbrg View Post
Post # 98 on this thread.

That's probably the best post I've read on this forum. Thanks!

Direct Link:
https://futures.io/vendors-product-reviews/9298-ten-thousand-education-finally-paying-off-10.html#post119379

Reply With Quote
 
  #173 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


@bobbyacim

Several others have pointed it out already, but I sincerely hope you stop your search; People with a profitable method won't sell it...

You have start to think conceptually about what you are trying to achieve and then do some statistical analysis. This does not have to be more complex (to get started) than doing manual backtests on ideas you formulate.

As for your reluctance to use wider than 5 tick stops, I would disagree. Most beginning traders use tight stops out of fear, but it is more costly to get stopped out on 6 5-tick stops than one 15 tick stop... Your stops should be relative to the average fluctuations of the instrument you are trading, thus avoiding being stopped out noise.

Reply With Quote
The following user says Thank You to Lornz for this post:
 
  #174 (permalink)
Membership Revoked
new york
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: mb trading
Favorite Futures: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010
Thanks: 598 given, 140 received


Lornz View Post
@bobbyacim

Several others have pointed it out already, but I sincerely hope you stop your search; People with a profitable method won't sell it...

You have start to think conceptually about what you are trying to achieve and then do some statistical analysis. This does not have to be more complex (to get started) than doing manual backtests on ideas you formulate.

As for your reluctance to use wider than 5 tick stops, I would disagree. Most beginning traders use tight stops out of fear, but it is more costly to get stopped out on 6 5-tick stops than one 15 tick stop... Your stops should be relative to the average fluctuations of the instrument you are trading, thus avoiding being stopped out noise.

You know, in retrospect, some of my losers could have been winners had my stops been further away.
Any techniques on how to guage what a resonable stop should be for any given market. somewhere I saw a stop that functioned based on atr real-time, can't remember where I saw it?

Reply With Quote
 
  #175 (permalink)
Membership Revoked
new york
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: mb trading
Favorite Futures: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010
Thanks: 598 given, 140 received


adaseb View Post
I've met many traders in the last few years.

A lot of traders called themselves "Professionals" and wanted money in return for their knowledge.

A few traders I found to be very good teachers but live they couldn't trade profitably.

And many traders called themselves "Professionals" who didn't want money in return for their help just pure attention.

I read many forum posts, ebooks, courses, video courses, software, twitter, market profile.

I tried many instruments. Such as equities, options, forex, futures, interest rates, stock indices, etc.

And after wasting pretty much thousands of hours on all that I was ready to give up until I decided to give it one more shot and this time do it on my own from scratch. No indicators, no software, no outside help what so ever.

And in the end do you know what it was that helped me?

Experience.

Jesse Livermore once stated that you can put all your ideas on index card and give it to someone else. But one thing you can't give to someone else is experience.

Now I flip through the various currencies and commodities that I trade and when I see something that I like, I just take the trade. Its pretty much almost automatic or you can call it woman's intuition, I just see a setup and I tell myself "I just have to take this trade, i just have too".

I take losses all the time but I can pretty much have 5-6 loses in a row and it would take 1 winners to put me back into profit. I just jump in, and if the trade doesn't move immediately, I bail, losing spread and commission usually.

You know that old saying how a woman decides in the first 60 seconds if she will end up in bed with you at the end of the night? Well that's pretty much how my entries are. Usually within the first few seconds I can tell if this trade will end up working out or not, and will I make little profit or a lot of profit on this trade.

Everything I have learnt up until this point I have learnt on my own throughout my own experience. Now I can pretty much trade in any market and under any conditions. From the boring choppy Asian lunch markets to the fierce volatile Greek Austerity debate.

When I try to help out a few newbies I simply tell them to observe the market live, 16 hours a day and find a way how to profit but they keep saying the same old, "can you put that in an ebook", "can you post your trades live", " can you post your live statement", "can you make an EA", "what is the name of your system", etc, etc.

I really don't think trading is at all that difficult. It's much easier, cheaper, and faster to get into than any degree or business. I think the reason why most struggle is because they are not willing to put in the effort. Like Mike said, they pretty much don't want to gain the experience on their own they would much rather pay to learn about someone elses experience. And the problem what that is that most of those courses, ebooks, programs are all pure scams. Because I know for a fact I would not waste hundreds of hours designing a PDF to sell for $49.95, and go through all that hassle of promoting that eBook since I could make the money much easier and faster by trading myself.

So your a consistant, profitable pure price action day trader! WOW, a very rare breed!
May I ask how long it took you to become profitable?
Do you have a pre-defined pattern(s) your looking for or do the pattern(s) find you as they taking form?
Could you show us some of your charts and trades taken?

Thank you

Reply With Quote
 
  #176 (permalink)
Membership Revoked
new york
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: mb trading
Favorite Futures: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010
Thanks: 598 given, 140 received

Good trade at 7:36 a.m. EST on 6E


The pattern appeared right including a bend on the top channel line of the keltner.
Entry was at close of 3rd bar of pattern at 1.4376
Could have rode the price down to 1.4365 when the K & D lines on the Stoch touched for a cool 12 ticks, however I go to breakeven on 4 ticks and as Roger F. says, after this you have a free trade on your hands, so you could have gotten bolder and not exited on the first Stoch touch, instead gone on for the final touch/cross of stoch at 1.4353 for a whopping 17 tick profit!!

Enjoy the weekend.

Attached Files
Register to download File Type: docx tradethebars2.docx (319.8 KB, 45 views)
Reply With Quote
 
  #177 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,271 received


bobbyacim View Post
So your a consistant, profitable pure price action day trader! WOW, a very rare breed!
May I ask how long it took you to become profitable?
Do you have a pre-defined pattern(s) your looking for or do the pattern(s) find you as they taking form?
Could you show us some of your charts and trades taken?

Thank you

I think traders who can trade like this are indeed a rare breed. I believe they are born, not made. I think it is a mistake to want to emulate that if you don't have that inbred aptitude. You have been at this for a while, if you had that natural aptitude, it would have asserted itself already, and you would have naturally fallen into that trading style. I think traders with that aptitude, only need a certain amount of screen time to naturally develop that ability into an intangible sixth sense, and I believe it cannot be taught. You will notice that traders who trade that way generally say trading is easy, natural, effortless. I would say, that is not the norm for most of us.


Last edited by monpere; July 22nd, 2011 at 09:47 AM.
Reply With Quote
The following user says Thank You to monpere for this post:
 
  #178 (permalink)
Urban Samurai
Chicago IL
 
Futures Experience: Intermediate
Platform: Ninja, MT4,TOS, SC, Matlab
Broker/Data: CQG, AMP, MB, DTN
Favorite Futures: E/U, G/U
 
forrestang's Avatar
 
Posts: 1,039 since Jun 2010
Thanks: 226 given, 687 received


monpere View Post
I think traders who can trade like this are indeed a rare breed.

I doubt there are such people. I would think these people simply haven't managed to explain in words, or quantify what they are seeing on their charts.

Reply With Quote
 
  #179 (permalink)
Banned: Previously banned account re-banned
Coloado
 
Futures Experience: Beginner
Platform: Ninja Trader
Broker/Data: AMP, OEC, CQG
Favorite Futures: NQ
 
Posts: 129 since Sep 2010
Thanks: 163 given, 124 received


forrestang View Post
I doubt there are such people. I would think these people simply haven't managed to explain in words, or quantify what they are seeing on their charts.

I have a "feel" that I can't quantify, but I CANNOT rely on this alone. Only Chuck Norris can do that!

Reply With Quote
The following user says Thank You to Rayzor for this post:
 
  #180 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received



forrestang View Post
I doubt there are such people. I would think these people simply haven't managed to explain in words, or quantify what they are seeing on their charts.

There might not be enough computer power (yet) to quantify the inner workings of such people...

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

Reply



futures io > > > TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF

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 and still not profitable! bobbyacim Trading Reviews and Vendors 334 March 20th, 2017 11:50 PM
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 04:01 AM.

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 2017-11-18 in 0.13 seconds with 20 queries on phoenix via your IP 54.196.47.128