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

  #371 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,947 since Jun 2009
Thanks: 29,139 given, 81,900 received

Here is the webinar recording:



Please allow two hours for YouTube to finish encoding.

Sorry about the dogs at the last minute of the webinar, a neighbor was honking his horn repeatedly (like 20 times - it's a cultural thing) and my dogs couldn't take it anymore!

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
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The following 10 users say Thank You to Big Mike for this post:
 
  #372 (permalink)
Elite Member
Albuquerque, NM
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IQFeed
Favorite Futures: ES
 
Posts: 4 since Jun 2014
Thanks: 1 given, 0 received

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!

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  #373 (permalink)
Elite Member
Melbourne, Victoria, Australia
 
Futures Experience: None
Platform: TWS, NinjaTrader
Broker/Data: numerous
Favorite Futures: index and currency futures, stocks, options, warrants
 
kickmic's Avatar
 
Posts: 264 since May 2011
Thanks: 42 given, 336 received


only 35mins in.... what a $!*&#-king great webinar

FT - you totally nail it when communicating what trading is about. For many of us, it takes friggin years to work that stuff out, so I think you've done a great service to traders of all experience levels

@Big Mike - this webinar should go in the "where do I start" or similar

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  #374 (permalink)
Rristocrat
zurich
 
Futures Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Favorite Futures: Bund, ES, ...
 
puma's Avatar
 
Posts: 963 since Aug 2010
Thanks: 7,267 given, 1,486 received

Some contributors, more than others, make futures.io (formerly BMT) a very unique place for traders.

@FuturesTrader71 is one of them.

Great webinar TY.

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  #375 (permalink)
Elite Member
Minneapolis, MN
 
Futures Experience: Advanced
Platform: Market Delta, Think or Swim
Broker/Data: CQG
Favorite Futures: ES, NQ, 6E, CL, GOOG, AAPL, AMZN, GS
 
Posts: 26 since Sep 2012
Thanks: 1 given, 16 received

renko

morad,

Thank you again for the great webinar. You mentioned that you are utilizing a 4 tick renko chart for executing at the moment due to market conditions. what is the determining factor/process on how you decide whether or not to switch from a 2-4 renko? Also, I would appreciate some clarification that you do not adjust your zig zag study when you adjust your renko setting, correct?

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  #376 (permalink)
Elite Member
Cape Town/South Africa
 
Futures Experience: Intermediate
Platform: NinjaTrader7
Broker/Data: NinjaTrader Brokerage, Rithmic Feed
Favorite Futures: ES
 
ShaunG's Avatar
 
Posts: 37 since Jul 2014
Thanks: 160 given, 37 received


Big Mike View Post
Here is the webinar recording:



Please allow two hours for YouTube to finish encoding.

Sorry about the dogs at the last minute of the webinar, a neighbor was honking his horn repeatedly (like 20 times - it's a cultural thing) and my dogs couldn't take it anymore!

Mike

Thanks again to you Mike and Morad for a great webinar as always!

Reply With Quote
 
  #377 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,947 since Jun 2009
Thanks: 29,139 given, 81,900 received

I was out of practice during my webinar introduction, plus a little off my game due to the technical problems. I forgot to ask everyone to give a 'thumbs up' on YouTube if you find the video useful. Please take the time to do this, it helps us.

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.

Reply With Quote
 
  #378 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 680 since Jan 2012
Thanks: 301 given, 600 received

@FuturesTrader71

Nice commentary today in unusual activity market surveillance

What is oil telling us?

Shit is about to hit the fan?

In months (weeks) what's the over and under?

Thank you

-Bill_M

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  #379 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Trader, IQFeed, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, M6E, FDAX, TF, NQ, GC
 
FuturesTrader71's Avatar
 
Posts: 233 since Feb 2012
Thanks: 58 given, 758 received


treydog999 View Post
@FuturesTrader71

I am interested in what type of risk management practices, and procedures are taken at an institutional level. What types of things are firms looking at if they are managing several desks, with dozens of strategies and instruments? Other than VaR, cVAR, Expected Shortfall, instrument or strategy correlation? I would like your input on what its like to manage such a large operation?

Hi Trey,

Great question, but I'm the wrong guy to answer. I prefer to respond to things that I have direct experience with and know. Institutional risk management is not an experience I have had.

Pretty sure a lot of sharp guys are on futures.io (formerly BMT) and can provide an answer.

Cheers!
FT71

Risk Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and 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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  #380 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Trader, IQFeed, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, M6E, FDAX, TF, NQ, GC
 
FuturesTrader71's Avatar
 
Posts: 233 since Feb 2012
Thanks: 58 given, 758 received



brattebakken View Post
Is he using Investor RT for Orientation, planning etc.. and
S5 Trading Platform for executing the orders, or is he also using Investor RT for trading.
Is it possible to trade from IRT in the charts.

Hi Bratte,

I use IRT for charts, IQFeed for data, S5 Trader for execution, S5 Trade Analyzer for position management.

However, you can use IRT for charts and execution while using the S5 Trader for your feed and DTNMA for historical data.

I hope that makes sense.

Risk Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and 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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