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FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)
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Created: by Big Mike Attachments:19

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

 
British Columbia
 
Trading Experience: Advanced
Platform: NINJA
Broker/Data: ZEN
Favorite Futures: Crude
 
Posts: 1,091 since May 2010

BigMike, Thanks for the posting the webinar. May ask where it was posted as I didn't see it in the webinars section. Unfortunately my current inet does not like doing live webinars otherwise would not have missed it.

Thanks

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Chicago, IL
 
Trading Experience: None
Platform: oil super computer
Favorite Futures: multiple
 
Posts: 193 since Jun 2011
Thanks: 597 given, 196 received


syxforex View Post
BigMike, Thanks for the posting the webinar. May ask where it was posted as I didn't see it in the webinars section. Unfortunately my current inet does not like doing live webinars otherwise would not have missed it.

Thanks

It is 2 posts before you, and I think he also puts them on his youtube channel.

 
 
British Columbia
 
Trading Experience: Advanced
Platform: NINJA
Broker/Data: ZEN
Favorite Futures: Crude
 
Posts: 1,091 since May 2010


oops, scrolled right by it... need a third eye,, haha

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British Columbia
 
Trading Experience: Advanced
Platform: NINJA
Broker/Data: ZEN
Favorite Futures: Crude
 
Posts: 1,091 since May 2010

Thanks FT71, really appreciate your time.

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Legendary Market Wizard
Georgia, US
 
Trading Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 5,004 since Jan 2011
Thanks: 5,321 given, 11,903 received


FuturesTrader71 View Post
Money Management: Start with Phantom of the Pits and then know Trading in the Zone forwards and backwards

@FuturesTrader71, in "Phantom", POP's big rule #1 is to assume you are wrong, and get out of a trade unless the market proves you correct. This is in contrast to often-heard advice that a trade is valid until 'the market proves you wrong.' Instead of yielding control of the position to the market, POP advises that the trader stay in control of the position, and manually get out unless the market proves him correct.

From the webinars you have given, I have noticed that you typically recommend the "don't mess with your stop, let the market take you out" approach, which is about 180 degrees from what is in PoP. Since you recommended PoP, I am curious as to whether you simply don't believe in this type of approach but still find the book helpful, or whether perhaps your general advice is for newer traders who have a tendency to jump in and out on a whim, to help them avoid overtrading?

The following 6 users say Thank You to josh for this post:
 
 
San Francisco, CA USA
 
Trading Experience: Intermediate
Platform: TradeStation
Broker/Data: IRT/DTNMA
Favorite Futures: ES
 
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Posts: 7 since Nov 2012
Thanks: 9 given, 10 received


Big Mike View Post
What did everyone think of today's AMA?



Mike

Another awesome session. I picked up 3 more golden nuggets. I'm so appreciative to you and FT for your generosity of experience and integrity of time. I am truly a better trade facilitator with your influence...Rj

The following 2 users say Thank You to rjnebay for this post:
 
 
San Jose, CA
 
Trading Experience: Intermediate
Platform: SC
Broker/Data: Multi
Favorite Futures: CL
 
Posts: 733 since Mar 2012
Thanks: 1,954 given, 811 received

Hi FT71,
Thank you very much for all that you have given to this community, your dedication to helping traders and 'changing the industry' I have heard you refer to a risk sheet in webminars and AMA that you review before trading. I have tried to create my own but I would like to make sure I am not missing any big areas. Do you have a template of one you could share on the thread? Thank you.

Chris

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The following user says Thank You to calitrader for this post:
 
 
Dallas/Tx
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

FT71

I've watched all your videos. I like what you do, it's been very helpful. Something I'm not to sure about is the "opening swing". I've posted a 5minute chart of the CL. Would you point out what is the open swing, as you see it. It would be very much appreciated. Thank you

Chad

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The following 2 users say Thank You to Upupandaway for this post:
 
 
wa/ usa
 
Trading Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Favorite Futures: CL ES 6C 6E
 
Posts: 260 since Oct 2012
Thanks: 202 given, 445 received


Big Mike View Post
What did everyone think of today's AMA?



Mike

As always great questions and great webinar. Thanks to FT for his time and for putting it together

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The following user says Thank You to garyboy275 for this post:
 
 
london united kingdom
 
Trading Experience: None
Platform: Sierra Chart, S5T
Favorite Futures: ES
 
para6ut's Avatar
 
Posts: 58 since Jun 2012
Thanks: 1,226 given, 90 received

OS


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Upupandaway View Post
I've watched all your videos. I like what you do, it's been very helpful. Something I'm not to sure about is the "opening swing". I've posted a 5minute chart of the CL. Would you point out what is the open swing, as you see it. It would be very much appreciated. Thank you

Chad

Hi Chad,
Hope you don't mind me answering.
Please see how I understand it. FT says that OS is where buyers step in at the open and where sellers step in at the open. It is not related to time - it can be 8 seconds or 15 mins, it doesn't matter.

You can check this out -https://futures.io/elite-circle/26606-opening-swing-indicator-ninja.html

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