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



TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one bobbyacim with 90 posts (40 thanks)
    2. looks_two monpere with 36 posts (76 thanks)
    3. looks_3 bluemele with 16 posts (14 thanks)
    4. looks_4 Xeno with 14 posts (21 thanks)
      Best Posters
    1. looks_one jstnbrg with 4.4 thanks per post
    2. looks_two Big Mike with 4.1 thanks per post
    3. looks_3 monpere with 2.1 thanks per post
    4. looks_4 bobbyacim with 0.4 thanks per post
    1. trending_up 79,158 views
    2. thumb_up 440 thanks given
    3. group 45 followers
    1. forum 303 posts
    2. attach_file 17 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF

(login for full post details)
  #61 (permalink)
 Xeno 
UK
 
Experience: Intermediate
Platform: Ninja
Broker: Mirus/Zen
Trading: Futures - bonds, currencies, index
 
Posts: 288 since Oct 2010
Thanks: 70 given, 274 received


bobbyacim View Post
Regardless of the implications, - and some of them may be VALID.
All I know is that M.P. is helping me break the 50/50 win-loss barrier that I have been stuck in for the last 5 years!!!

No!! It isn't! You have NO idea of whether it breaks 50/50 or not. Your 9 trades are statistically worthless. I could run a 9 trade system and go long or short at random - if I did that 100 times, 30 of the runs would make more money than you have. What does that tell you?


Quoting 
Currently taking baby steps, humblely trading two contracts for a point or so a day.....:car:

Errr, why would you take baby steps if you're so utterly sure you are now profitable?

By the way, please please don't suddenly decide to increase your contracts until you're up to a few hundred trades.

Reply With Quote
The following 2 users say Thank You to Xeno for this post:

Can you help answer these questions
from other members on futures io?
Entries per day limit
EasyLanguage Programming
NT8 - Footprint Chart adding on code
NinjaTrader
 
 
(login for full post details)
  #62 (permalink)
 bobbyacim 
new york
 
Experience: Intermediate
Platform: ninjatrader
Broker: mb trading
Trading: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010


Xeno View Post
No!! It isn't! You have NO idea of whether it breaks 50/50 or not. Your 9 trades are statistically worthless. I could run a 9 trade system and go long or short at random - if I did that 100 times, 30 of the runs would make more money than you have. What does that tell you?

Errr, why would you take baby steps if you're so utterly sure you are now profitable?

By the way, please please don't suddenly decide to increase your contracts until you're up to a few hundred trades.

Profitable by degree, went from approx 50% which is no better than flipping a coin to 6 out of 9 so far...

This only applies to you if the shoe fits.

I am noticing that for a lot of people on this forum, BEING RIGHT IS MORE IMPORTANT THAN WINNING.
If you are fortunate, they will be both one and the same. But lots of times, it is not.

I don't have a burning desire to be right anymore, I just want to win!!!!!!

Started this thread Reply With Quote
 
(login for full post details)
  #63 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 4,183 since Oct 2009
Thanks: 3,861 given, 5,471 received



Xeno View Post
...Errr, why would you take baby steps if you're so utterly sure you are now profitable?

...

Because he is human

Seriously, between imagination and will, the imagination will always win. So it makes sense to take baby steps to build the necessary confidence to trade without too much thinking even though you are "utterly sure you are now profitable".

Reply With Quote
The following 4 users say Thank You to trendisyourfriend for this post:
 
(login for full post details)
  #64 (permalink)
 bobbyacim 
new york
 
Experience: Intermediate
Platform: ninjatrader
Broker: mb trading
Trading: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010


trendisyourfriend View Post
Because he is human

It is nice to occasionally hear a voice for reason and someone who can embrace COMMON GOAL, THANKS!

Started this thread Reply With Quote
 
(login for full post details)
  #65 (permalink)
 bobbyacim 
new york
 
Experience: Intermediate
Platform: ninjatrader
Broker: mb trading
Trading: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010


MetalTrade View Post
you can become rich with a 25% winning trades, and many people did it with such a low ratio

this proves how most traders are locked up in false one liner trader knowledge

VERY TRUE, You can either have high win-rate for a point, or low win-rate with higher gains per win.

Wanted to indicate the material I have read in the last 3 months that has helped me understand M.P:

James Dalton-markets in profile
James dalton- Mind over markets
James Dalton- Beyond the rules, advanced course
P. Steidlemayer- On markets, 2nd edition
Frank Butera- balance-trader course
Michael jardin - One trade a Day
CBOT- six part training course(READ THREE TIMES)

Profiletraders.com- MAREKT PROFILE INTENSIVE BOOT-CAMP

I would like to top it off with:
Cisco Futures's MBA short course in futures, wondering if anyone uploaded it here.

Started this thread Reply With Quote
 
(login for full post details)
  #66 (permalink)
 Xeno 
UK
 
Experience: Intermediate
Platform: Ninja
Broker: Mirus/Zen
Trading: Futures - bonds, currencies, index
 
Posts: 288 since Oct 2010
Thanks: 70 given, 274 received


trendisyourfriend View Post
Because he is human

Seriously, between imagination and will, the imagination will always win. So it makes sense to take baby steps to build the necessary confidence to trade without too much thinking even though you are "utterly sure you are now profitable".

It was rather rhetorical. Making the point that his unfailing certainty on this thread doesn't really tie up with baby steps.

Reply With Quote
 
(login for full post details)
  #67 (permalink)
 Xeno 
UK
 
Experience: Intermediate
Platform: Ninja
Broker: Mirus/Zen
Trading: Futures - bonds, currencies, index
 
Posts: 288 since Oct 2010
Thanks: 70 given, 274 received


bobbyacim View Post
Profitable by degree, went from approx 50% which is no better than flipping a coin to 6 out of 9 so far...

Well, I thought I'd said it clear enough, but you really aren't prepared to read what I wrote are you?

It seems a shame that someone who has put so much effort in doesn't put any effort in at all to find out one of the most important basics of trading. How to measure your performance.

Hope it works out for you. Stats are well against it though.

Reply With Quote
The following user says Thank You to Xeno for this post:
 
(login for full post details)
  #68 (permalink)
 bobbyacim 
new york
 
Experience: Intermediate
Platform: ninjatrader
Broker: mb trading
Trading: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010


Xeno View Post
Well, I thought I'd said it clear enough, but you really aren't prepared to read what I wrote are you?

It seems a shame that someone who has put so much effort in doesn't put any effort in at all to find out one of the most important basics of trading. How to measure your performance.

Hope it works out for you. Stats are well against it though.

Dear Xeno,
You may be absolutely right!!
Then again, I read once that the bumble bee's design should not allow it to fly, guess it doesn't know it...LOL


But seriously, for the past 6 years I have bought and studied every "squiggly" line indicator, course, method, system out there with no better trading results than a flip of a coin.

Statistics is a branch of mathamatics, and although the market participants will not bestow a perfect BELL-CURVE graphic when it comes to market profile. I truly believe that it DOES OFFER AN EDGE. And to me;

An edge is being able to see something that someone else can't easily see.

I hope at least you consider adding market profile to your trading tool box if your performance is still not where you wish it were.

Albert Einstein was quoted saying "Not everything that can be counted counts, Not everything that counts can be counted"

Thanks for your input, it is really, really appreciated. I learn from you and everyone else who contributes to this collective think-tank called BIG MIKE's.

talk soon.....

Started this thread Reply With Quote
 
(login for full post details)
  #69 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 4,183 since Oct 2009
Thanks: 3,861 given, 5,471 received


bobbyacim View Post
Wanted to indicate the material I have read in the last 3 months that has helped me understand M.P:

James Dalton-markets in profile
...


That's a lot of material to digest. In my opinion, reading too much too fast can become a nuisance. There are many years of study, observation and practice in the books you mentionned. I have not yet read any of Dalton's books. The only info i got about MP was took at various web sites and a one month course i took in 2009. The rest of the time has been passed trading, observing and taking notes. The biggest task is to internalize it and i knew from the beginning i could only achieve it one concept at a time. Before trying to digest all of it by buying every possible books then i would instead recommend you take only one piece of info for a certain period of time, say 2 or 3 months and take notes, screen captures and ask questions about it to your instructor. You'll see that after a certain time, you'll develop an inquisitive mind that will serve you more than simply reading a book in one go.

As a rule of thumb, if i read sixty minutes about a given concept then i want to practice and observe thirty times that period before reading any more material and prepare some questions/answers around that theme. It takes time.

Reply With Quote
The following 3 users say Thank You to trendisyourfriend for this post:
 
(login for full post details)
  #70 (permalink)
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,355 received



trendisyourfriend View Post
That's a lot of material to digest. In my opinion, reading too much too fast can become a nuisance. There are many years of study, observation and practice in the books you mentionned. I have not yet read any of Dalton's books. The only info i got about MP was took at various web sites and a one month course i took in 2009. The rest of the time has been passed trading, observing and taking notes. The biggest task is to internalize it and i knew from the beginning i could only achieve it one concept at a time. Before trying to digest all of it by buying every possible books then i would instead recommend you take only one piece of info for a certain period of time, say 2 or 3 months and take notes, screen captures and ask questions about it to your instructor. You'll see that after a certain time, you'll develop an inquisitive mind that will serve you more than simply reading a book in one go.

As a rule of thumb, if i read sixty minutes about a given concept then i want to practice and observe thirty times that period before reading any more material and prepare some questions/answers around that theme. It takes time.

Do you guys use one of the market profile tools like I/RT, Market Delta, etc.? What do you think of the market profile-ish indicators, like gomi's market profile indy, and dValueArea indy, which are based on volume at price, but do not use TPO's? I use dValueArea, and have developed a couple of setups using it, but I've never been able to observe price bouncing of the VAH/VAL consistently, or high/low volume nodes consistently, through all the historical data I've looked at, so I just dismissed it (I only looked at it on ETF's). What are the main things you guys personally look for when using Market Profile?

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


futures io Trading Community Trading Reviews and Vendors > TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF


Last Updated on March 15, 2017


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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