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

  #571 (permalink)
Elite Member
Vancouver Island, Canada
 
Trading Experience: Advanced
Platform: T4, IB, TD Ameritrade
Broker/Data: Stage5
Favorite Futures: ES CL RTY Stocks
 
Posts: 41 since Nov 2013
Thanks: 114 given, 97 received

Convergent Feedback

Best trading decision I made in 2018 was joining Convergent Trading. I was very frustrated with my performance, and I found it extremely difficult to find the correct information/education to take me to my next trading level. I had achieved some trading success, but it was rabbit hole after rabbit hole until I would figure out what worked and what didn't work.

However, once I joined Convergent I was suddenly immersed into a successful and professional trading environment. There are rooms that only Head Traders can comment in, but all can read. There is another room that traders actively comment in real time as they trade the hard right edge... but are also held to strict guidelines of how to share information, so comments don't become noise.
Convergent is not a chat room, this is a developing online prop firm. @FuturesTrader71 is an experienced trader and prop owner who has trained and backed other traders to be successes. This is important, because it shows he can successfully teach/mentor what he knows.

So in the last 9 months, let me share how I have grown personally:

1) I no longer struggle with how to achieve lasting success as a trader. I go into each day, knowing what my plan is and how I will achieve that. This helps me eliminate mistakes, and doing that is huge progress!! This week, I actually achieved 5 winning days (Monday to Friday) and that makes it my 7th winning trading day in a row. However, the day before all of that I made a huge mistake... broke my daily loss limit... and lets just say I didn't end the day well. The old me, probably would have stopped trading... punished myself, beat myself up, AND then continued the spiral. Instead, I talked with my AP, realized it was just a mistake and an opportunity for growth and came back in the next day to find myself back to being focused and sticking to the plan. That day was the start of what is so far a 7 day winning streak.

2) I have an accountability partner (AP), as per Convergent guidelines (which are unique), and this has also been a huge part of my success and my partner's. As you are constantly being challenged to do something today that will let you win the day... and SHOWN the steps to follow to achieve that.

3) Convergent has structure, and @FuturesTrader71 has weekly webinars that give instruction. This has also been huge, because as a trader you are guided down the correct path. (No more rabbit holes!) I often will go back and review some of the webinars that @FuturesTrader71 instructed us in, and that helps me stay sharp and focused.

4) My confidence has grown as I experience making the turn. If you aren't there, it is hard to describe the feeling of going into a day knowing that I will most likely do the correct actions and that should lead to a profit... and if it doesn't, it is okay, because most likely the next day will be profitable and I can expect over time my account will grow substantially. It is a wonderful feeling!

5) Convergent does these things called trader interventions. This is another huge help, as there is just so much wisdom packed into it as you learn from what another trader has been doing... the good, the bad, and the ugly.

6) I have stopped trading multiple markets, and now only focus on one market. I meditate. I have daily habits. I have set hours I trade. I now have EDGE.

Lastly, I have really changed as a person... so much so, that I hesitated to even post here with this username. That Yukoner guy is gone ... I've grown up, gotten serious, stopped lying to myself about trading results, and just gotten real!! Today, I am a very different trader and extremely grateful for the change that started in 2018.

So yes, I endorse Convergent Trading.

Good Trades,

NanaimoTrader

PS. If there is a way here to change your username, please let me know! lol

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The following 7 users say Thank You to Yukoner for this post:
 
  #572 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Trading Experience: Advanced
Platform: S5 Bookmap,S5 Trader, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, CL, RTY, FDAX, NQ, Crypto
 
FuturesTrader71's Avatar
 
Posts: 254 since Feb 2012
Thanks: 83 given, 833 received

Public Open AMA on Thursday, Jan 31 @ 4:30 PM Eastern

Hello traders,

I'm holding an open AMA on Thursday, January 31 @ 4:30 PM Eastern US which will focus on issues/questions/discussion relating to execution. My focus this year is on hammering away on execution issues.

You can join it here: https://go2ct.pro/AMAJan2019

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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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The following 2 users say Thank You to FuturesTrader71 for this post:
 
  #573 (permalink)
Trading Apprentice
Chicago, IL
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 5 since May 2015
Thanks: 0 given, 4 received



Yukoner View Post
Best trading decision I made in 2018 was joining Convergent Trading. I was very frustrated with my performance, and I found it extremely difficult to find the correct information/education to take me to my next trading level. I had achieved some trading success, but it was rabbit hole after rabbit hole until I would figure out what worked and what didn't work.



However, once I joined Convergent I was suddenly immersed into a successful and professional trading environment. There are rooms that only Head Traders can comment in, but all can read. There is another room that traders actively comment in real time as they trade the hard right edge... but are also held to strict guidelines of how to share information, so comments don't become noise.

Convergent is not a chat room, this is a developing online prop firm. @FuturesTrader71 is an experienced trader and prop owner who has trained and backed other traders to be successes. This is important, because it shows he can successfully teach/mentor what he knows.



So in the last 9 months, let me share how I have grown personally:



1) I no longer struggle with how to achieve lasting success as a trader. I go into each day, knowing what my plan is and how I will achieve that. This helps me eliminate mistakes, and doing that is huge progress!! This week, I actually achieved 5 winning days (Monday to Friday) and that makes it my 7th winning trading day in a row. However, the day before all of that I made a huge mistake... broke my daily loss limit... and lets just say I didn't end the day well. The old me, probably would have stopped trading... punished myself, beat myself up, AND then continued the spiral. Instead, I talked with my AP, realized it was just a mistake and an opportunity for growth and came back in the next day to find myself back to being focused and sticking to the plan. That day was the start of what is so far a 7 day winning streak.



2) I have an accountability partner (AP), as per Convergent guidelines (which are unique), and this has also been a huge part of my success and my partner's. As you are constantly being challenged to do something today that will let you win the day... and SHOWN the steps to follow to achieve that.



3) Convergent has structure, and @FuturesTrader71 has weekly webinars that give instruction. This has also been huge, because as a trader you are guided down the correct path. (No more rabbit holes!) I often will go back and review some of the webinars that @FuturesTrader71 instructed us in, and that helps me stay sharp and focused.



4) My confidence has grown as I experience making the turn. If you aren't there, it is hard to describe the feeling of going into a day knowing that I will most likely do the correct actions and that should lead to a profit... and if it doesn't, it is okay, because most likely the next day will be profitable and I can expect over time my account will grow substantially. It is a wonderful feeling!



5) Convergent does these things called trader interventions. This is another huge help, as there is just so much wisdom packed into it as you learn from what another trader has been doing... the good, the bad, and the ugly.



6) I have stopped trading multiple markets, and now only focus on one market. I meditate. I have daily habits. I have set hours I trade. I now have EDGE.



Lastly, I have really changed as a person... so much so, that I hesitated to even post here with this username. That Yukoner guy is gone ... I've grown up, gotten serious, stopped lying to myself about trading results, and just gotten real!! Today, I am a very different trader and extremely grateful for the change that started in 2018.



So yes, I endorse Convergent Trading.



Good Trades,



NanaimoTrader



PS. If there is a way here to change your username, please let me know! lol



Wow!

What an amazing reply!
Thank you for your reply and feedback!

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The following 2 users say Thank You to EminiTraderCBOT for this post:
 
  #574 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Trading Experience: Advanced
Platform: S5 Bookmap,S5 Trader, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, CL, RTY, FDAX, NQ, Crypto
 
FuturesTrader71's Avatar
 
Posts: 254 since Feb 2012
Thanks: 83 given, 833 received

Thank you for this immense write-up. All credit goes to you for doing the work. For creating your own approach and for putting in the commitment to look at your own behavior and mind. Deeply appreciate having you in the community.




Yukoner View Post
Best trading decision I made in 2018 was joining Convergent Trading. I was very frustrated with my performance, and I found it extremely difficult to find the correct information/education to take me to my next trading level. I had achieved some trading success, but it was rabbit hole after rabbit hole until I would figure out what worked and what didn't work.

However, once I joined Convergent I was suddenly immersed into a successful and professional trading environment. There are rooms that only Head Traders can comment in, but all can read. There is another room that traders actively comment in real time as they trade the hard right edge... but are also held to strict guidelines of how to share information, so comments don't become noise.
Convergent is not a chat room, this is a developing online prop firm. @FuturesTrader71 is an experienced trader and prop owner who has trained and backed other traders to be successes. This is important, because it shows he can successfully teach/mentor what he knows.

So in the last 9 months, let me share how I have grown personally:

1) I no longer struggle with how to achieve lasting success as a trader. I go into each day, knowing what my plan is and how I will achieve that. This helps me eliminate mistakes, and doing that is huge progress!! This week, I actually achieved 5 winning days (Monday to Friday) and that makes it my 7th winning trading day in a row. However, the day before all of that I made a huge mistake... broke my daily loss limit... and lets just say I didn't end the day well. The old me, probably would have stopped trading... punished myself, beat myself up, AND then continued the spiral. Instead, I talked with my AP, realized it was just a mistake and an opportunity for growth and came back in the next day to find myself back to being focused and sticking to the plan. That day was the start of what is so far a 7 day winning streak.

2) I have an accountability partner (AP), as per Convergent guidelines (which are unique), and this has also been a huge part of my success and my partner's. As you are constantly being challenged to do something today that will let you win the day... and SHOWN the steps to follow to achieve that.

3) Convergent has structure, and @FuturesTrader71 has weekly webinars that give instruction. This has also been huge, because as a trader you are guided down the correct path. (No more rabbit holes!) I often will go back and review some of the webinars that @FuturesTrader71 instructed us in, and that helps me stay sharp and focused.

4) My confidence has grown as I experience making the turn. If you aren't there, it is hard to describe the feeling of going into a day knowing that I will most likely do the correct actions and that should lead to a profit... and if it doesn't, it is okay, because most likely the next day will be profitable and I can expect over time my account will grow substantially. It is a wonderful feeling!

5) Convergent does these things called trader interventions. This is another huge help, as there is just so much wisdom packed into it as you learn from what another trader has been doing... the good, the bad, and the ugly.

6) I have stopped trading multiple markets, and now only focus on one market. I meditate. I have daily habits. I have set hours I trade. I now have EDGE.

Lastly, I have really changed as a person... so much so, that I hesitated to even post here with this username. That Yukoner guy is gone ... I've grown up, gotten serious, stopped lying to myself about trading results, and just gotten real!! Today, I am a very different trader and extremely grateful for the change that started in 2018.

So yes, I endorse Convergent Trading.

Good Trades,

NanaimoTrader

PS. If there is a way here to change your username, please let me know! lol


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
Reply With Quote
The following user says Thank You to FuturesTrader71 for this post:
 
  #575 (permalink)
Trading Apprentice
Chicago, IL
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 5 since May 2015
Thanks: 0 given, 4 received

Do you get your chart setups and such? It seems you took down the old webinars for sale. Are they on there now?

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  #576 (permalink)
Trading for Fun
London
 
Trading Experience: Beginner
Platform: MT4
Favorite Futures: Forex
 
Posts: 111 since Apr 2018
Thanks: 129 given, 69 received


FuturesTrader71 View Post
With regards to M6E trade durations, depending on context, I'm looking at 15 min to 1 hr per trade as it has become a slow product and we are in the middle of summer right now.

I don't trade spot forex. I know many do, but I don't trust a market where the matching entity is my own broker who can trade against me, can see my orders and positions. To me spot forex is a bit of a wild-wild west sort of setup. I only trade it in futures because the exchange simply matches my trades with anyone around the globe. There is no interest from them in making money above and beyond the transaction fees they get. Futures are much more regulated and I trust my money at an FCM much more so then a forex dealer. These are just my opinions based on my experiences.

I would use and chart the 6E contract and execute on the M6E. I wouldn't rely on M6E volume as an indication of the auction. They are pretty well arbitraged, so pricing doesn't move away all that much (except when it is slow to a halt).

Best of luck!

This is interesting. I've been looking at either spot forex or futures. I'm a newbie and don't have a large account to start with. I'd be looking to start with about $2,000 only.

This is why I am looking at spot forex. The ability to trade micro lots means that I can fine tune my risk and have stops that make sense and not stops that are dictated by your account size (assuming one is risking no more than 1% of the account).

I did not even consider forex futures due to the small account size I plan to start out with. However, I've since discovered that micro currency futures exist so very interested to see your views.

I plan on swing or position trading around my day job. I will not be holding positions intra day, instead I'd be looking to hold them for days or weeks.

What puts me of micro currency futures is the continual complaints I see from traders about how low the liquidity is. This is not a problem in spot forex.

Therefore, I'd be interested on what your vote is regarding the liquidity or lack of it in micro currency futures such as M6E?

Many thanks.

Sent using the futures.io mobile app

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  #577 (permalink)
Trading Apprentice
Vancouver
 
Trading Experience: Advanced
Platform: IB
Favorite Futures: CL
 
Posts: 26 since Apr 2018
Thanks: 15 given, 7 received

Woeo


Sent using the futures.io mobile app

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