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


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

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  #251 (permalink)
Charlotte, NC
 
Experience: Intermediate
Platform: Tradestation, Ninja Trader
Trading: Forex
 
Posts: 34 since Sep 2012
Thanks: 25 given, 52 received

FT71,

I am a All in, scale out trader. I use 2 units, I look to take profit on the first unit rather quickly and manage the 2nd unit.

I usually have target areas for where I want to take profits on unit 2, but I also look at what the PA is telling me. However, managing the 2nd unit is currently the area where I need to improve. What are some of the ways you manage your scale out positions?

Thanks

Hector

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  #252 (permalink)
Charlotte, NC
 
Experience: Intermediate
Platform: Tradestation, Ninja Trader
Trading: Forex
 
Posts: 34 since Sep 2012
Thanks: 25 given, 52 received


jefe View Post
Hector,
Since FT71 is doing morning trading plan updates and tweeting what's happening during the day, he is already being a coach for anybody that can recognize the value.
Jump on board Hector and learn from a pretty darn good trader!

Hi Jefe,

I agree with you. I do believe he has already been a good coach of mine, the same as Al Brooks and others, that I have learned from.

However, my question is more oriented towards his opinion regarding a more one-one personal type of coach.

Thanks

Hector

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  #253 (permalink)
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Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
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Posts: 48,916 since Jun 2009
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I want to thank FT71 for his time today as always. I'll post the recording later today.

For all of those with unanswered questions, please post them in this thread.

Mike

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  #254 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,916 since Jun 2009
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Here is the recording from today's AMA session.



If you had any unanswered questions, please post them in the thread.

Mike

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  #255 (permalink)
PTA, Gauteng
 
Experience: Advanced
Platform: Self built + Sierra + TWS
Trading: Stocks and Options
 
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Posts: 1,036 since May 2012
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DarkPoolTrading View Post
Mike, as I will be unable to attend todays AMA live, please will you ask FT71 the following if possible:

- After the market has been in balance for a few days, the day which finally breaks out of balance is often a strong trend day. On days like this you can really get hurt if you're still trading under the assumption that the market is in balance.

While the market is still within balance, what clues do you look for that it may be looking for a move out of balance on a particular day so that you dont end up fading all day.

Many thanks.

I guess questions from here aren't read out on the AMA for those of us on the other side of the planet unable to attend live. Hopefully FT71 will have a look at the above when he has time.

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  #256 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
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Posts: 48,916 since Jun 2009
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DarkPoolTrading View Post
I guess questions from here aren't read out on the AMA for those of us on the other side of the planet unable to attend live. Hopefully FT71 will have a look at the above when he has time.

Sorry. FT71 usually replies every week or so, he is just behind I think.

Usually there are 10+ questions we don't have time for during ama

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  #257 (permalink)
Chicago, IL, USA
 
Experience: Advanced
Platform: CT Bookmap, IRT
Broker: EdgeClear.com using Rithmic/IQFeed
Trading: ES, CL, RTY
 
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Posts: 306 since Feb 2012
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  #258 (permalink)
Chicago, IL, USA
 
Experience: Advanced
Platform: CT Bookmap, IRT
Broker: EdgeClear.com using Rithmic/IQFeed
Trading: ES, CL, RTY
 
FuturesTrader71's Avatar
 
Posts: 306 since Feb 2012
Thanks: 122 given, 1,145 received

I'm making it a point to catch up with the thread today. Will post a short video replying to many of the open questions. Sorry about the delay.

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
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  #259 (permalink)
Malaysia
 
Experience: Beginner
Platform: Multichart DT
Broker: MB Trading
Trading: Fx
 
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Posts: 273 since Nov 2009
Thanks: 52 given, 60 received

Hi FT71,

Your Stage 5 page says you dont charge data, platform, charting, maintenance or monthly fees, when the CME increase their fees would you start charging fees to your customer?

Thanks

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  #260 (permalink)
Edinburgh
 
Experience: Intermediate
Platform: MD
Trading: FGBL, ES
 
Posts: 2 since May 2013
Thanks: 1 given, 0 received


First of all I would like to thank you for all of your videos! Secondly I have a wee question to you, what was your reason for 2500v chart for ES, was it a study or something else? If you have been asked this question before and you have answered it already (I am sorry) just point me where I can find an answer and I will be there!

Cheers

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