NexusFi: Find Your Edge


Home Menu

 





AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one FuturesTrader71 with 200 posts (684 thanks)
    2. looks_two Big Mike with 125 posts (476 thanks)
    3. looks_3 josh with 12 posts (31 thanks)
    4. looks_4 arnie with 10 posts (14 thanks)
      Best Posters
    1. looks_one Big Mike with 3.8 thanks per post
    2. looks_two Yukoner with 3.8 thanks per post
    3. looks_3 FuturesTrader71 with 3.4 thanks per post
    4. looks_4 josh with 2.6 thanks per post
    1. trending_up 335,734 views
    2. thumb_up 1,498 thanks given
    3. group 469 followers
    1. forum 637 posts
    2. attach_file 20 attachments




 
Search this Thread

AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything

  #161 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,539


Big Mike View Post
Tip


There will be a Live AMA session on Tuesday, July 9th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered

The link for the event is:
https://www3.gotomeeting.com/register/356574886




Mike

AMA is open and starts in a couple of minutes.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Exit Strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
22 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
20 thanks
  #162 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,539

I want to thank @FuturesTrader71 for his time today like always.

Below is the video recording. We decided to do an "extended edition" so this one is 45 minutes.

If your question did not get answered, you can post it here in the thread and FT71 will do his best to answer.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Attached Files
Elite Membership required to download: amaft71_july9_2013.flv
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #163 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,539


What did everyone think of the AMA?

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #164 (permalink)
 
Devil Man's Avatar
 Devil Man 
Fort Lauderdale
Legendary / Stochastic Calculus is not your friend
 
Experience: None
Platform: Ninjatrader, Python API
Broker: CQG
Trading: ES,NQ,CL
Posts: 849 since Oct 2009
Thanks Given: 3,399
Thanks Received: 1,534

I really enjoyed it...lots of good stuff to think about.

thank you @FuturesTrader71 and @Big_Mike!

Reply With Quote
  #165 (permalink)
 
lifeguardsteve88's Avatar
 lifeguardsteve88 
Pompano Beach, Florida, USA
 
Experience: Beginner
Platform: S5 Trader, Ninja Trader
Broker: Stage5/ IQfeed
Trading: M6E, M6A, 6E, 6A, ES
Posts: 159 since Jun 2013
Thanks Given: 272
Thanks Received: 116

Couldn't watch it "live' but just viewed the recording..... excellent info, as always.

Visit my NexusFi Trade Journal Reply With Quote
  #166 (permalink)
 
Boomer34's Avatar
 Boomer34 
Georgia, USA
 
Experience: Advanced
Platform: TOS
Broker: TOS
Trading: SPX
Posts: 164 since Mar 2011
Thanks Given: 74
Thanks Received: 57

Great AMA!

Follow me on Twitter Reply With Quote
  #167 (permalink)
 
bob7123's Avatar
 bob7123 
Amsterdam, The Netherlands
Legendary Market Wizard
 
Experience: Intermediate
Platform: Ninja, IRT, ToS
Broker: EdgeClear, LMAX
Trading: NQ
Posts: 668 since Oct 2011
Thanks Given: 134
Thanks Received: 2,682


Big Mike View Post
What did everyone think of the AMA?

Mike

Are you kidding? I just PMed FT to open an account with him.

Follow me on Twitter Reply With Quote
  #168 (permalink)
 
FuturesTrader71's Avatar
 FuturesTrader71 
 
Posts: 391 since Feb 2012
Thanks Given: 174
Thanks Received: 1,513


bob7123 View Post
Hi,

This is a question for Big Mike and FT71 that I have been wanting to ask for a while.

FT says he has a background as a scalper and still looks at shorter timeframes. Big Mike talks about how his smaller charts are 100K tick charts.

I would love it if you two would discuss what is different about your trading styles, and what is not.

In the areas where you diverge, how do you guys feel your styles fit personally, and in the areas where you find common ground, what do you agree are the most important and universal concepts for trading success?

Thanks,
-Bob

Hi Bob,

Sorry I didn't see this before the AMA session. We answered it during that session though.

Thanks for asking.

FT71

Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Follow me on Twitter Reply With Quote
Thanked by:
  #169 (permalink)
 
FuturesTrader71's Avatar
 FuturesTrader71 
 
Posts: 391 since Feb 2012
Thanks Given: 174
Thanks Received: 1,513


lifeguardsteve88 View Post
Wow, a micro ES (any/all micro-Index products actually) would be an awesome way for beginners to to learn the trading craft. Certainly wish you success in your efforts. And I'm looking forward to funding my S5 account soon, Cheers!

Hey Steve,

Yeah, we have been pushing the product group for some time. We will likely get something in the next few months.

I focus most of my effort when I'm not trading and while I'm trading on watching how others are doing and attempting to intervene to help them deal with the risk associated with trading (on a best effort basis). What I have noticed is that most folks are really penny wise and pound foolish when it comes to how risk is managed. I hear folks trying to push for lower commissions and the ability to fund with lower equity while trying to trade something like CL using lower-class data sources, charting, etc. It then is not a surprise when within a few days of trading, they have given up 15-25% of their account in losses.

With the micro-products, the risk still exists. The emotions associated with winning and losing are still there, but the risk is much lower. Yes, micros cost relatively more to trade, but overall, it is my belief that traders would be ahead if they got off the bigger products and simulators and traded those live. Once you see a positive expectancy and once a trader has executed enough trades to get over the anxiety of losing, then you can move to the bigger products as a career.

We will keep pushing and we will likely need public support to do it.

FT71

Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Follow me on Twitter Reply With Quote
  #170 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,216 since Jan 2011
Thanks Given: 6,752
Thanks Received: 18,136



FuturesTrader71 View Post
We will keep pushing and we will likely need public support to do it.

@FuturesTrader71, please keep pushing. Let's say a trader has a $20,000 account. If he wants to swing trade the ES, if we assume a typical stop size of about 10 handles for an ES swing trade, that's $1000 on 2 contracts only, which is really the minimum for such a trade, and that's just too much risk as a percentage of the account. So a micro would be a great way to allow more granular sizing for day trades, as well as opening the possibility of trading multiple contracts on swing trades and being able to actually work around a position doing so. Please keep us posted and if we can do anything let us know!

Reply With Quote




Last Updated on December 2, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts