FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)
Updated: Views / Replies:130,369 / 553
Created: by Big Mike Attachments:19

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 19  
 
Thread Tools Search this Thread
 

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

  #521 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 158 since Feb 2010
Thanks: 27 given, 34 received

any updates on CME creating an e-micro S&P500 contract? There is more reason to create this micro than the M6E.

Reply With Quote
 
  #522 (permalink)
Elite Member
Oregon
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: ES
 
Stillgreen's Avatar
 
Posts: 190 since May 2014
Thanks: 336 given, 245 received

I thought the webinar was very good. Concise and to the point. I've watched numerous presentations by FT71, yet I still learned something new : how the trade off the PB to the Mid is refreshed if a new low is put in. A subtle point, but very useful to me.

Reply With Quote
The following user says Thank You to Stillgreen for this post:
 
  #523 (permalink)
grappling dummy
Hawaii at the beach
 
Futures Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker/Data: S5
Favorite Futures: ES, ZB fine alcohol and muscle cars
 
KahunaDog's Avatar
 
Posts: 476 since Apr 2013
Thanks: 945 given, 345 received


For retail traders, what have you seen as the most effective money management style(s)?
Fixed lot
Fixed %
Fixed capital
Fixed ratio

Other?
Which one (s) do you suggest and why?

Fall Seven Get Up Eight
Reply With Quote
The following user says Thank You to KahunaDog for this post:
 
  #524 (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: 46,237 since Jun 2009
Thanks: 29,350 given, 83,155 received

Hi guys,

It is my pleasure to welcome back Morad Askar, better known as FuturesTrader71, on Wednesday, April 19th @ 4:30PM Eastern US.

This is an "Ask Me Anything" (AMA) event. FT71 will be answering as many questions possible during this extended AMA.

Register for the event:
https://on.futures.io/btxke

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
The following user says Thank You to Big Mike for this post:
 
  #525 (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: 238 since Feb 2012
Thanks: 74 given, 784 received


bojangle View Post
any updates on CME creating an e-micro S&P500 contract? There is more reason to create this micro than the M6E.

Hi Bojangle,

Nothing at all. They are making an effort to be more "retail trader" friendly, but I haven't been successful at getting them to budge on this. I see this as a win-win for them and for the trader. Folks who are too intimidated to trade futures because of the leverage end up trading the SPY anyway. They would be better off, in my opinion, by trading a small ES contract.

Maybe we should get a petition going?

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
Reply With Quote
 
  #526 (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: 238 since Feb 2012
Thanks: 74 given, 784 received


KahunaDog View Post
For retail traders, what have you seen as the most effective money management style(s)?
Fixed lot
Fixed %
Fixed capital
Fixed ratio

Other?
Which one (s) do you suggest and why?

Each one of these can be effective but have their applications and limitations. For example, using a Fixed % on a $2000 account really isn't feasible.

For most traders trading futures, their lot size is pretty much always fixed to some low number (remember that futures have high leverage). So the only thing that remains really is setting an acceptable $ amount to bet on the outcome of every trade (which is always 50/50 anyway).

I don't know what you mean by fixed ratio unless you are referring to reward/risk.

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
Reply With Quote
 
  #527 (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: 238 since Feb 2012
Thanks: 74 given, 784 received


jmont1 View Post
@FuturesTrader71, may I request you share the application you used for this study? I am trying to look at 6C CAD and it woould be great to get this information.

Hi..sorry I didn't see this sooner. The study was completed using Excel (as most of my studies are). You can then apply a conditional formatting heatmap to it.

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
Reply With Quote
 
  #528 (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: 238 since Feb 2012
Thanks: 74 given, 784 received


webbclan View Post
Hey FT71..

Thanks for the webcast today. I always learn a great deal from your presentations. I have purchased your Webinars, listen to the day Trader Bite each day and have gone thru too many webinars on this site to count...

I have a question that has been giving me fits for a while now. I am UNABLE to sit at a computer all day because I have a regular job. Im a sales rep in the Pharma' industry and literally spend all day in my car. So, I cant really "day" trade. I can sit thru the open and perhaps the first 60 minutes or so of the trading day and once in while can get back for the last hour during my lunch. I live on West coast. With all that out of the way, how would you "tweak" your approach if you were forced to become more of a Swing Trader and had to hold stuff for more than the RTH session?

Thanks

You are lucky in that those are the hours offering the highest opportunity/risk in the day. My approach on this is to simply focus my studies and research to the first and last hour. There are some repeating behaviors that you might be able to exploit. I don't know what your trading time frame is or what product and how you approach it, but it is probably not useful for you to focus on what happened during the non-pit session. I would approach the last hour with no hypos and use what has happened during the entire pit session to formulate a plan for the close.

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
Reply With Quote
The following 2 users say Thank You to FuturesTrader71 for this post:
 
  #529 (permalink)
Elite Member
Long Beach
 
Futures Experience: None
Platform: tradestation
Favorite Futures: ES
 
Posts: 11 since Dec 2015
Thanks: 3 given, 0 received

O/N affect on RTH

Thanks for your webinars, trader bites and prospective.

I understand that ES is a futures product with a cash component. That cash component is not traded during non-RTH hours, therefore movement in the price of ES during non-RTH is more of a hope than fact.

How is a 5 or 10 point move in the ES overnight absorbed in the ES during RTH when the cash component is open.

Reply With Quote
 
  #530 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,767 since Sep 2013
Thanks: 9,845 given, 11,103 received
Forum Reputation: Legendary


Webinar room is open. We are over capacity so it is first come first serve. This is an extended 1 hr AMA.

Reply With Quote
The following user says Thank You to tturner86 for this post:

Reply



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
FT71 www.futurestrader71.com review Big Mike Trading Reviews and Vendors 26 July 31st, 2014 12:54 PM
Webinar: FuturesTrader71 (FT71) - Putting all the pieces together Big Mike Traders Hideout 15 March 16th, 2014 10:27 AM
Webinar: FuturesTrader71 (FT71) on Volume Profile Big Mike Traders Hideout 80 November 12th, 2013 09:06 PM
Webinar: FuturesTrader71 (FT71) Trade Management Techniques Big Mike The Elite Circle 90 March 14th, 2013 04:45 PM
Webinar: FuturesTrader71 (FT71) One-on-One, focusing on member Q&A Big Mike Traders Hideout 19 March 11th, 2013 07:54 AM


All times are GMT -4. The time now is 02:10 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-20 in 0.13 seconds with 20 queries on phoenix via your IP 54.224.187.45