Hi Morad. Thank you so much for helping us traders!

Do you ever hold a position overnight? If not what are your reasonings behind it?

Thank you

Finally got around to watching this... great webinar. @FuturesTrader71 asks all the tough questions and probes traders to do the same. Quite inspirational, thanks Morad.

Jemo 

Hi Morad. Thank you so much for helping us traders! Do you ever hold a position overnight? If not what are your reasonings behind it? Thank you

Hi Jemo,

No, I have never and will probably never knowingly hold a futures position overnight. I like my sleep. It just isn't my style, but many traders do it.

Hi Morad,

I was considering opening an account with TF4L and just wanted to know if Pratik Patel still is associated with TF4L or stage5trading? I assume that was before stage5 took over TF4L? Could you confirm?

https://www.nfa.futures.org/basicnet/regulatory-actions-detail-doc.aspx?docid=4420&rnd=77e18d2b-9dfd-473e-982e-f06569d12af7

ranger64 

Hi Morad, I was considering opening an account with TF4L and just wanted to know if Pratik Patel still is associated with TF4L or stage5trading? I assume that was before stage5 took over TF4L? Could you confirm? https://www.nfa.futures.org/basicnet/regulatory-actions-detail-doc.aspx?docid=4420&rnd=77e18d2b-9dfd-473e-982e-f06569d12af7

I am pretty sure Pratik Patel is no longer involved and has not been for years.

ranger64 

Hi Morad, I was considering opening an account with TF4L and just wanted to know if Pratik Patel still is associated with TF4L or stage5trading? I assume that was before stage5 took over TF4L? Could you confirm? https://www.nfa.futures.org/basicnet/regulatory-actions-detail-doc.aspx?docid=4420&rnd=77e18d2b-9dfd-473e-982e-f06569d12af7

Hi @ranger64,

I am not associated with TF4L or Stage 5 Trading and haven't been for several years. As far as I know, Pratik is not either. Stage 5 Trading is still in litigation to be dissolved.

A quick search for the names showed that Pratik Patel is also in a lawsuit against Stage 5 Trading. See the attached image.

I would invite you to consider talking to the brokers at Edge Clear who used to be at Stage 5 and have all left in September 2019. You can reach Max or Ian at https://edgeclear.com/contact-us.

Note that I'm 100% owner of Edge Clear and have a personal interest in the success of the firm. I hope you can support what we are doing.

If you have any questions regarding brokerage, please let me know.

Hello traders,

I want to bring this thread to your attention. It is the discussion relating to yesterday's open panel with Dr. Steenbarger and myself answering questions. Please give it a visit and see if there is anything new there for you to apply to your trading:

Webinar: What you want to know but are afraid to ask w/Dr Brett & Morad Askar (FT71) Hi guys, It is my pleasure to welcome Dr. Brett Steenbarger and Morad Askar aka FuturesTrader71, for our 419th webinar event, at a special time -- Wednesday, March 31st @ 4:30 PM Eastern US. Dr. Brett and Morad have teamed up for this very special …

Cheers!

Here is our latest webinar recording featuring Morad and Dr Brett:

Sent using the NexusFi mobile app

@FT71 great call this morning for scenario 1 on the ES. Up to 75 o/n high ( 71.50 ) , down to 60.75 ( 61.00 actual ), up a few points ( 63.00 actual ) and then down to 48.00 ( 47.75 actual ). Very well done and thank you.

lesterb 

@FT71 great call this morning for scenario 1 on the ES. Up to 75 o/n high ( 71.50 ) , down to 60.75 ( 61.00 actual ), up a few points ( 63.00 actual ) and then down to 48.00 ( 47.75 actual ). Very well done and thank you.

Hi @lesterb,

Thanks for listening in on the Trader Bite. Yeah, that worked out well. In fact, we managed to get down into 4123 today which was the big extended target for yesterday. I like a market that is free to move under its own power. In my opinion, it makes it easier to read.

Keep reading the narrative and watch your risk. I hope you start to see a consistent outcome.

Best,
FT71