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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  #591 (permalink)
 FuturesTrader71 
 
 
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Posts: 380 since Feb 2012
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Hello traders,

In case you haven't heard, our team launched a brand new futures brokerage service named Edge Clear on April 2nd. It was a soft launch while we made sure that our processes and relationships are in place.

On Thursday, April 23rd at 4:30 PM Eastern US time, we will be guests on Futures.io and will take part in the first video panel discussion format hosted here. I'm personally grateful for my relationship with Big Mike and appreciate the opportunity to participate in this session.

Please join us by registering for the event. Details were posted by Big Mike here:

Please go to this thread and ask any questions you may have relating to brokerage, clearing, exchanges and how all of it works. We hope to see you there.

Catch you there!

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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  #592 (permalink)
 DanDaMan 
QC/Canada
 
Experience: Beginner
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Hi FT71,

Just joined Convergent, and I am soaking in the vast amounts of knowledge you have accumulated and managed to pack into all these 1hr long crystal clear webinars.
Any update on when we might see the Convergent Courses?

Thanks for everything you do for the community.

Cheers

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  #593 (permalink)
 Sandpaddict 
Legendary Market Wizard
Langley
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: Futures
 
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DanDaMan View Post
Hi FT71,

Just joined Convergent, and I am soaking in the vast amounts of knowledge you have accumulated and managed to pack into all these 1hr long crystal clear webinars.
Any update on when we might see the Convergent Courses?

Thanks for everything you do for the community.

Cheers

Hiya DanDaMan.

I just recently found FT71. This guy is good. I find what he says is how I view the markets, although I don't trade like him.

He has SO many things to say that everything he says is pretty important.

Like to hear feedback.


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  #594 (permalink)
 planetkill 
New York City + NY/United States
 
 
Posts: 248 since Sep 2018
Thanks: 92 given, 206 received

Hello, do you have any marketing material comparing yourself to your competitors?

FuturesTrader71 View Post
Hello traders,

In case you haven't heard, our team launched a brand new futures brokerage service named Edge Clear on April 2nd. It was a soft launch while we made sure that our processes and relationships are in place.

On Thursday, April 23rd at 4:30 PM Eastern US time, we will be guests on Futures.io and will take part in the first video panel discussion format hosted here. I'm personally grateful for my relationship with Big Mike and appreciate the opportunity to participate in this session.

Please join us by registering for the event. Details were posted by Big Mike here:

Please go to this thread and ask any questions you may have relating to brokerage, clearing, exchanges and how all of it works. We hope to see you there.

Catch you there!

Sent using the futures.io mobile app

Visit my futures io Trade Journal Reply With Quote
 
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  #595 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
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Posts: 50,182 since Jun 2009
Thanks: 32,681 given, 99,579 received

Hi,

Please take all Edge Clear discussion to that dedicated thread:



planetkill View Post
Hello, do you have any marketing material comparing yourself to your competitors?


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Sent using the futures.io mobile app

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  #596 (permalink)
 Big Mike 
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Hi guys,

It is my pleasure to welcome back Morad Askar aka FuturesTrader71 for our 388th webinar event, on Thursday, June 11th @ 4:30 PM Eastern US.

The title for the event is "Ask Me Anything w/FuturesTrader71", and bullet points include:

- Quick and casual
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions



Register for this event:
https://on.futures.io/5xi9y

Mike

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  #597 (permalink)
 Big Mike 
Site Administrator
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Webinar recording:



Please give us feedback and comments:

If you liked it, click here and share your feedback:
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If you didn't like it, click here and share your feedback:
https://futures.io/email-feedback.php?title=244&liked=-1

Mike

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  #598 (permalink)
 FuturesTrader71 
 
 
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Posts: 380 since Feb 2012
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Hi all,

If you asked a question that we didn't get to, please ask it here. I will do my best to respond in a video viewable only by the FIO community.

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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  #599 (permalink)
 Dingo666 
Oslo+Oslo
 
Experience: Intermediate
Platform: Tradingview/Infront
 
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Posts: 10 since Mar 2019
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​Could you give examples of the main type of opening price action ? Your opening scenarios have been incredibly helpful to me in my process, but I think I make too many scenarios.

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  #600 (permalink)
 Big Mike 
Site Administrator
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Experience: Advanced
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Posts: 50,182 since Jun 2009
Thanks: 32,681 given, 99,579 received


@FuturesTrader71,

The following are some of the questions during the webinar. If any of these merit a written response in addition to any response already given in the video, please reply for the benefit of all members reading and searching for answers:



do you have an specific tick target per trade ? and how do you manage your stop ? do you trail your stop ?

What software should I use to do back test?

Can u discuss hw u handle the transition as a day trader from a directional mkt to a balanced mkt and hw Not to get caught in shallow counter rotations as the mkt is transitioning into bal? GOing from continuation trades to Bal/Outside in. Tx

Hiya FT...for someone teaching themselves futures...how long (on average) to turn the corner to consistency (if they make it at all)? Thanks.

In your opinion, what are the best contracts to trade during the overnight session? My goal is to trade full time, but right now I am only able to trade after the New York close. Also, do you feel that daily pivot ranges are still valid since there is little floor trading?

You finally are a consistently profitable trader week in, week out. Who is now trying to increase their contracts traded. What have you seen as best practice to increase size of contracts traded? Dollar amount/contract (i.e. $10,000/1 contract). Risk based (Full stop less than 1% or 2% of account value)? Or anything else?

I want to trade the ES micros but I am having trouble figuring out my entries. Where is a good place to start for a beginner?

How has AI changed futures trading over the past few years and do you see a role for humans 10 years from now?

In the upcoming days will you use POC's and gap locations from the Sept. contract in the ES?

What are good times to trade 'ES' only during the US time fram? thank

What do you look for before entering your long/short position? Are you looking at technicals...such as EMA crosses/RSI/MACD etc.? how do you determine when to enter long or short? Do you ever average in? thank you

How necessary is knowing to read orderflow to become a profitable trader? Or you may be profitable without knowing how to read the orderflow?

At edgeclear do you have something similar to the s5 trade analyzer where it tracks your trades historically?

Morad thank you for your daily pre market prep. 1. For your rotation study do you change any settings when the range expends? Or is it always constant? On sierra chart I find that I need to change my zigzag settings to match your fractal rotations. 2. What do you use for recorkeeping today?

do you teach day traders and where do we go?

How do you close a winner and how do you close a loser? Do you trail stops? Or do you aim at hitting a target?

How do you handle when the market does something completely different than your expectations from premarket analysis? Do you end up not trading that day?

Do you see a day when algos and HFT make trading so jumbled and confusing, retail manual day-traders will be nearly completely locked out? More so than what's been happening over the past ten years?

Do you have any updates on the Convergent Courses? Very much looking forward to them.

could you briefly outline how you determine and manage risk control on longer trades.

Mindset - What mind tools do you use to keep your focus? Books? Philosophies? Heroes?

What are your thoughts on current market conditions and volatility, and how is it affecting your trading risk/rewards and stop size comparing to previous years when sp was trading under 2000

When you ran prop were there any statistics you looked at in terms of trader performance and were there any thresholds or targets that you looked for?

Are you able to expand on your harmonic rotation concept or point me to a resource that I could look into that would give a better understanding of it?

Any future plans to tie Convergent and Edge Clear together (ie. rebates on the brokerage side for being a member or discounts on Convergent for being a client)?



Mike

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