Webinar: FuturesTrader71 (FT71) on Statistical Analysis for a Broader Edge
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Webinar: FuturesTrader71 (FT71) on Statistical Analysis for a Broader Edge


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Created May 31st 2013 by Big Mike
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Webinar: FuturesTrader71 (FT71) on Statistical Analysis for a Broader Edge

  #1 (permalink)
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Webinar: FuturesTrader71 (FT71) on Statistical Analysis for a Broader Edge

Hi guys,

It is my pleasure to welcome Morad Askar (aka FuturesTrader71) for a special webinar as part of our 4-year anniversary on futures.io (formerly BMT). The webinar will be on Tuesday, June 11th @ 4:30 PM Eastern US.

Topics include:
- Key distinctions for professional traders
- Using basic instrument data to form a general expectation
- Defining an assumption and verifying it through statistics
- Statistical Behavioral Expectation
- Entire process using an example
- How to trade using this information

As part of our special 4-year anniversary, we will be giving away (10) autographed copies of a book that FT71 selected which is "The Power of Habit" by Charles Duhigg during the webinar. These will be given away during the live presentation.

More on FuturesTrader71:
FuturesTrader71

More on futures.io (formerly BMT)'s 4-year anniversary and 15 very special events during June with over $10,000 of prizes:
https://futures.io/feedback-announcements/27348-bmt-4-year-anniversary-webinars-prizes.html

Mike

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Need help?
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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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  #2 (permalink)
Site Administrator
Manta, Ecuador
 
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Registrations are now open:

https://futures.io/webinars/#registernow

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: SPX, Emini Futures
 
Big Mike's Avatar
 
Posts: 48,210 since Jun 2009
Thanks: 30,803 given, 92,195 received


The webinar room is now open.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #4 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: SPX, Emini Futures
 
Big Mike's Avatar
 
Posts: 48,210 since Jun 2009
Thanks: 30,803 given, 92,195 received

Thank you to @FuturesTrader71 for the webinar and his time, and congratulations to the 10 book winners:

@westmalle, @Nikos314159, @Thrax, @Koepisch, @TraderXx, @stockpapa, @jeroen001, @DPalkowitsh, @jthomas, @stang3O2

I will contact you shortly to arrange to get the autographed book in your hands.

I'll post the recording of the webinar sometime tomorrow.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: SPX, Emini Futures
 
Big Mike's Avatar
 
Posts: 48,210 since Jun 2009
Thanks: 30,803 given, 92,195 received




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #6 (permalink)
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Great webinar as always. Thanks to @BigMike and FT for your time.

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  #7 (permalink)
Site Administrator
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Trading Experience: Advanced
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Posts: 48,210 since Jun 2009
Thanks: 30,803 given, 92,195 received

What did everyone think of the webinar?

Sent from my Nexus 4

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
  #8 (permalink)
Mumbai, India
 
Trading Experience: Advanced
Platform: ChartNexus
Favorite Futures: Stocks, Commodities, Futures
 
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Big Mike View Post
What did everyone think of the webinar?

Sent from my Nexus 4

It was fantastic as expected from Morad. I am twitching to fire up excel and try out many different hypotheses.


P.S.: As a scalper I had the answer to the last question typed in and ready to be pasted into GotoWebinar (like everybody else I had figured out that since Morad had hinted in the live webinar that "What is an edge?" will be one of the quiz questions - I guess I should have pasted it earlier :-) before the question was even asked!

Darn, there goes my Microsoft Certified Copy Paste Engineer title.

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  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: SPX, Emini Futures
 
Big Mike's Avatar
 
Posts: 48,210 since Jun 2009
Thanks: 30,803 given, 92,195 received

Hehe yes it was obvious when a couple hundred people typed a multi word answer in a fraction of a second

Sent from my Nexus 4

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #10 (permalink)
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Just finished the recording and as always there was lots of great stuff to be learnt from FT71.

One thing that I think is important to keep in mind, which FT71 highlighted, is the importance of gathering YOUR OWN stats and proving or disproving edges for yourself. Dont just take someone else's stats as gospel and trade based on it.

If someone tells you that X has a 70% probability of happening. How did they get to that conclusion? What is their sample size? What time frame was the analysis performed on? etc...

Diversification is the only free lunch
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