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:51,594 / 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

  #61 (permalink)
Elite Member
UK
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus/Zen
Favorite Futures: Futures - bonds, currencies, index
 
Posts: 288 since Oct 2010
Thanks: 70 given, 267 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:
 
  #62 (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


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!!!!!!

Reply With Quote
The following 2 users say Thank You to bobbyacim for this post:
 
  #63 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 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:
 
  #64 (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


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!


Last edited by bobbyacim; April 12th, 2011 at 05:54 PM.
Reply With Quote
 
  #65 (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


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.

Reply With Quote
 
  #66 (permalink)
Elite Member
UK
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus/Zen
Favorite Futures: Futures - bonds, currencies, index
 
Posts: 288 since Oct 2010
Thanks: 70 given, 267 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
 
  #67 (permalink)
Elite Member
UK
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus/Zen
Favorite Futures: Futures - bonds, currencies, index
 
Posts: 288 since Oct 2010
Thanks: 70 given, 267 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:
 
  #68 (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


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.....


Last edited by bobbyacim; April 12th, 2011 at 08:34 PM.
Reply With Quote
 
  #69 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 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 2 users say Thank You to trendisyourfriend for this post:
 
  #70 (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, 3,275 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:

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)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

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 01:52 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 2017-12-11 in 0.14 seconds with 20 queries on phoenix via your IP 54.226.34.209