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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  #411 (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
Thanks: 122 given, 1,144 received

Hey look at this! I'm all caught up for the first time.

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  #412 (permalink)
Montreal, Quebec/Canada
 
Experience: Intermediate
Platform: Ensign, IB, Sierra Chart, Ninjatrader, Multicharts
Trading: CL, Stocks, 6C
 
Joshua1984's Avatar
 
Posts: 21 since Mar 2011
Thanks: 3 given, 20 received

I really appreciate you taking the time to answer these questions.

I have another.

Let's say I have a 65% win rate trading CL with 2 lots. I have an 8-tick scale and a 12-tick scale and a 15-tick stop.

On my winning trades I very often see much greater favorable excursion potential.

The question is: when does it become reasonable to use a runner?

I received the book "Coaching the Mental Game" today and was very pleased by the note.

Thanks again to both you and Mike.

Cheers,
Josh

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  #413 (permalink)
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
 
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Posts: 535 since Apr 2013
Thanks: 1,126 given, 392 received


Ft71
Using the sports analogy and deliberate practice model.
Any drills a trader could isolate or work on to improve their trading? Like the batting cage, shootings dry fire, golf putting, punching mitts, shadow boxing, etc.
building that inuition and subconscious competence.


I heard you and Dionysous mention DOM reading at speed(I've yet to use the DOM, and will eventually).

Risk seems to be the largest issue for most people, retail or prop. Maybe the marble game 2-3x week. And. Or the market at speed in replay while identifing risk or looking for patterns?
Homework levels seem to be the other ...maybe HYPO1,2,3 multiple markets per day then check back. Relating price action to Hvns and Lvns.
Maybe a mental though process.


How would you structure such? Frequency? Intensity? Duration?
I am highly impressed by Stage5 commitment to helping their traders and am going to contact them this week because of it.

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  #414 (permalink)
Albuquerque, NM
 
Experience: Advanced
Platform: TOS
Broker: IQFeed
Trading: ES
 
Posts: 4 since Jun 2014
Thanks: 1 given, 0 received


hCVaEAL View Post
You talked today about error tracking being a big differentiator between retail and prop/pro traders. Can you give some examples of errors which when tracked can really help a retail trader like me (who doesn't track any errors and can only guess that you mean more than fat thumb errors)? Does the platform (stage5) help?

Thanks for the fantastic webinars!

Found the answer in an older FT71 webinar, The Holy Grail - Expectancy & Habits, where FT talks about errors and tracking more.

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  #415 (permalink)
West Coast
 
Experience: Advanced
Platform: X_Trader, Bookmap, R|T
Broker: IQ Feed, TT, Rithmic
Trading: Index Futures, Energy and Interest Rate spreads
 
bathrobe's Avatar
 
Posts: 81 since Oct 2010
Thanks: 54 given, 35 received

Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

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  #416 (permalink)
Fort Lauderdale
 
Experience: None
Platform: 1911, NT8, Tradestation
Broker: CQG
Trading: ES
 
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Posts: 746 since Oct 2009
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bathrobe View Post
Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

I roll with volume.

JD

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  #417 (permalink)
West Coast
 
Experience: Advanced
Platform: X_Trader, Bookmap, R|T
Broker: IQ Feed, TT, Rithmic
Trading: Index Futures, Energy and Interest Rate spreads
 
bathrobe's Avatar
 
Posts: 81 since Oct 2010
Thanks: 54 given, 35 received


Devil Man View Post
I roll with volume.

JD

Thank you, I should have added I am trying to use a specific date so the data will be adjusted, this is a feature you have to build into continuous charts in TT, which is what I am asking for, it is built in to IQ Feed.

Thank you,

Chris

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  #418 (permalink)
Europe
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Stage5, OEC
Trading: Treasuries
 
arnie's Avatar
 
Posts: 821 since May 2010
Thanks: 722 given, 1,020 received


bathrobe View Post
Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

Just use the notice day which was yesterday.
During the day volume was still in March but by the end of the day June volume was basically identical to March.
Today June is at full throttle.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #419 (permalink)
Europe
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Stage5, OEC
Trading: Treasuries
 
arnie's Avatar
 
Posts: 821 since May 2010
Thanks: 722 given, 1,020 received

Hi @FuturesTrader71

One question regarding S5T datafeed, OEC.
You advertise that OEC is unfiltered but you continue to use IQFeed, like many of your clients.

If you offer an unfiltered datafeed, why continuing to use a paid one when both should be identical since they are unfiltered?
One might think that you not trust OEC.

Regards.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #420 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
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Posts: 48,916 since Jun 2009
Thanks: 31,588 given, 94,562 received



arnie View Post
Hi @FuturesTrader71

One question regarding S5T datafeed, OEC.
You advertise that OEC is unfiltered but you continue to use IQFeed, like many of your clients.

If you offer an unfiltered datafeed, why continuing to use a paid one when both should be identical since they are unfiltered?
One might think that you not trust OEC.

Regards.

I am not Morad, but there is more to a data feed than unfiltered data. For example, breadth tickers, historical data, continuous contracts, etc.

Mike

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