Does anyone know whether convergenttrading.com by FuturesTrader71 is still active? I want to join this membership, but am having issue. Wondering whether this is technical or due to other reasons.
Well, I should give them a call. But it is too late for the day, and it is followed by a long weekend.
Does anyone happen to know the difference between the webinars on convergenttrading.com and the webinars as a S5 BOOKMAP BASIC user? Is S5 going to replace convergenttrading.com?
Well, while I was digging some email from S5 team, I found a confirmation that FT's trading community is still active. I wait for the technical issue to get resolved or contact them next week. Just too eager to learn from FT.
Stage5 is the brokerage business he co-founded a number of years back.
Convergent Trading is a relatively new venture intended for guiding traders to success, a community for successful traders to leverage their strengths and so on (I am not a member, just reading the blurb, so I don't know about the videos. Though I do vaguely recall in a recent webinar that he said he was updated his member content webinar series on his futurestrader71 website, with new ones for the convergenttrading website. I think it may have been in the Q and A on this webinar ).
Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
The following 3 users say Thank You to matthew28 for this post:
Thanks matthew28 and Blash. Their team just resolved the technical issue this morning. And I am already their member now. There are a few education webinars with a great amount of details. Haven't got time to explore other parts of the community yet.
The following 2 users say Thank You to sureway for this post:
Its been a few months. Can you comment on your experience with convergenttrading.com? Do you feel it is worth it?
Is there anyone who bought the older webinars from futurestrader71.com and can compare the older webinars to what is now available at convergenttrading.com?
I would like to buy the old webinars from futurestrader71.com, but it appears that they are no longer for sale...
Thanks!
The following user says Thank You to DarthTrader21 for this post:
Hey all, I’m a member of Convergent and have been since near the beginning. I was a previous purchaser of FT71 webinars. Also FYI I’m now a contributor so have that bias.
Comparing the two, Convergent offers more info than the webinars but the webinars are just one of the reasons I’m a member. You get one or two new webinars a week plus live commentary from Morad and other pros throughout the day.
The thing I like most about it is you can see that other people are doing this professionally, see the level of work and dedication that takes, and have accountability.
I think they’re doing a really good job at working towards their goal of being a virtual prop firm. Much higher quality than any other chat room or service I’ve tried.
Well, this week’s webinar from @FuturesTrader71 on Mindset Tuneup was worth a whole year of membership... he “opened the kimono” so to speak, and just shared his life during summer trading along with trading wisdom.
It’s my new favourite and one I expect I will listen to multiple times .
Yes, ConvergentTrading.com (CT) has been active since launch and continues to provide an environment suited to those seeking to become career professional traders including 2x weekly webinars, an active chat community, market stats, StalkZone™ areas, etc.
Cheers!
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
The following user says Thank You to FuturesTrader71 for this post:
It is worth joining simply for the live news squawk. You won't find a cheaper one anywhere else.
As for the chat rooms/webinars wtc they are an even bigger bonus.
Anyone daytrading US markets (or any markets really) need a live squawk.
The following user says Thank You to Keab for this post:
My opinion is biased, of course, but I want to make you aware of what is available to you. CT is not just another chat service. It is structured more as an online virtual prop shop (and eventually, it will be a full on prop shop).
Here's what you get:
A focused live chat service with a dedicated Head Trader channel. No noise. Fully moderated by fellow traders. Just serious traders discussing markets responsibly.
Weekly study halls going over the nuts and bolts of various topics of trading just like the development offered in a prop shop (there are 100s of in-depth videos in the archive)
Group Mentoring sessions and weekly TradeTalks
Market Stat Reports updated monthly for about 9 futures instruments
Cloud-based StalkZone(TM) and Master Level areas updated automatically for IRT, Sierra and Ninja
A full forum to address various topics
24/6 Live News Squawk service that includes audio, text and briefings (a $240 value which is included)
There are more benefits, but those are the key ones
Important to note: Beta pricing is coming to an end on February 29th. Members who have a membership before this date and who don't allow it to lapse will be locked in to the grandfathered pricing. Pricing will go up for new membership after March 1st. We ran the Beta for 2 years instead of 6 months. Membership is month to month or quarterly. There is no trial, because members get everything from day one.
Hopefully, this helps. This community is important to me as it is the path to getting back into prop. Members are connected every day from over 90 countries. Some members have even held meetups locally in their areas with other members, which we strongly support. We are about connecting traders who want to be career professionals.
By that, I mean I'm interested in following the traditional prop model rather than those that require a fee to qualify. The criteria will be the same as I had at my prop shop with the added benefit of some tech and a global trading community (which is what CT is about).
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
I work a full time job which does often get in the way of trading during the day. Can you comment on the value of Convergent Trading for someone like me who'll mostly have access to webinars, chat rooms, etc after hours?
Thanks
The following user says Thank You to GJStrader for this post:
What do you do? I'm curious. What is your weekly schedule like?
Much of what we do is most active right before the US open and during the US session. However, there is a number of traders who do homework together in chat and discuss markets often. Many of the community members don't attend the webinars live and catch the recording. Questions can be submitted to the TraderTalk via a form and I answer them or demonstrate the concept during the session live, but then the recording is available shortly after to give the opinion to those who can't attend live.
My guess is that most of our members are in the same situation as you.
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
The following 3 users say Thank You to FuturesTrader71 for this post:
I teach high school physics (former engineer like yourself I think?) Also coach our boys/girls golf teams. I arrive at school about 7am CT and get ready for classes to start at 7:30. I get a lunch break/conference hour at 11:15 or so which I often use to check the markets and perhaps place a trade via my phone connected to my home PC if I'm not helping students. Two days most weeks, I do not have classes after 11:15... the other days are pretty full though. Occasionally, I can check things quickly between classes or when students are working on stuff too. Classes finish at 2:30 and then off to coaching during golf season, but during the winter I'm done for good at 2:30 CT. I have placed trades before classes start in the mornings too. I'm off all summer.
I'm a few years from retirement and envision futures trading becoming a money making hobby of sorts. Matching my teaching salary in retirement with trading would be the ultimate dream. I enjoy everything about trading... it's like a big complicated puzzle that my engineering/quant/physics brain likes trying to solve... well at least make a little money anyway and not donate to other traders!
Archived webinar access, etc does sound promising... and being a teacher, I understand the value of deliberate practice so trading homework sounds promising too. I need something to get me over the hump for sure... seems like I'm just going in circles now and not sure what to do or when to do it.
The following user says Thank You to GJStrader for this post:
Hi...there is no way for me to tell whether it would be of value to you or not. I suggest you take a month and see. Do so before Feb 29th so you can get the beta pricing as that will kick in on March 1st. I'm available in the chat room and there are many members who are happy to help in our #Newcomer and other channels.
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
The following user says Thank You to FuturesTrader71 for this post:
Hi @FuturesTrader71. NOOB here. Is your site, chat, methodology too advanced for a new guy to find his way? I'm looking for a trusted resource (you seemed to have earned that here) to learn and establish a trading methodology. I'll NEVER be a full-time trader, just a hobbyist wanting to become proficient making $250-$500 a day. Thank you.
The following 2 users say Thank You to Oriole for this post:
$500 is the way over the top end goal. I’d be thrilled to make $100 a day consistently. I’m not a total noob trader, just newer to futures looking for a fresh start. By hobbyist, I mean semi retired looking to supplement income.
I appreciate the reprimand. I would never ever put retirement assets at risk and I’m pretty risk averse still trading micros.
Thank you.
Apologies if that came across harshly, not my intention.
You are going to need to find an edge or several and this is far
from easy . It took me a decade to really figure things out.
You will need to be a fierce individualist, you must never rely on
anyone except yourself . Volume profile is useful and a must to learn in my opinion but it is hardly the be-all, end-all.
Axia has a useful course on volume profile (I have no affiliation with any trading/investing concern.)
PATs also has a good , fairly cheap course.
Check out Zunaa (zunaa2 ?) on YouTube , old videos but quite good
for idea generation .
Don't ever pay any so called mentor without seeing their actual
returns . Nobody will be able to produce them of course . Never pay
more than a grand for anything . Day Trading Academy and so forth
are complete rubbish. There are no magic indicators and I find simple stuff like trendlines and moving averages to be useful. Technical analysis is very over-rated imo.
Most books are crap too. Check out Adam Grimes, Toby Crabel and Laurentiu Damir. Brett Streenbarger has a site which has superb
emini related trading info, all free.
You don't need to daytrade either , I also utilize a simple trend-following system (Monthly time frame)
utilizing equity indice ETFs.
I just saved you a few years of searching and researching
The following 2 users say Thank You to ss108 for this post:
Thank you for your advice.
Would you be able to kindly share the link of that website?
All I could find so far was (rather old) content about trading psychology. Seems I oversaw something...
Thanks in advance.
I watched 2 of his (FT71) webinars and they were great. The one on trading alone and the ask me anything webinar. Really gave me a feel for his trading style to prepare for his room. I'm gonna watch a few more this week. Thank you.
The following user says Thank You to Oriole for this post:
No need to apologize. Your responding at all shows you care which is what this board is about. I'll look through every name and resource you noted and I very much appreciate your input. I did not mean my post to sound flippant and I positively realize the level of work and amount of commitment it takes to be a successful trader. I'm just trying to figure out what feels comfortable and then how to achieve it with the time I have to commit to the challenge.
Frankly, I can't answer this question for you as my answer has a conflict of interest built into it (I run Convergent). I also want you to know that I don't see myself as an educator or mentor. My vision is simply to build a strong community of focused traders who want to become career professionals. There are grander plans, but I will discuss those when they are implemented.
My advice to you is to ask around. Otherwise, commit to just 1 month before February 29th (prices will be adjusted as beta will end then). We don't provide specific setups or some written out plan. We discuss attacking the market from various angles, but you will ultimately have to find what makes sense to you and make it yours. This will take time and a lot of support. This is what we provide.
Best of luck!
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
The following user says Thank You to FuturesTrader71 for this post:
I suggest you reframe how you measure success in this process. Your goal is going to be to gain complete control of your process and execution so that it is as perfect as it needs to be in order to achieve your edge (whatever that is). If successful, the money will follow and then it won't and then it will and then it won't all while putting risk first so that you can survive the times when money is lost (which is inevitable from time to time). Monetary goals are unrealistic and put unnecessary pressure on you.
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
The following 11 users say Thank You to FuturesTrader71 for this post:
I loved this post. This sentence is going to stick with me for a long, long time! I used to have monetary goals, but ditched them when I realized I needed to focus on, as you put it, process and execution. The monetary goals were an extra, and unnecessary, layer of garbage and were counterproductive. I feel like this sentence very clearly articulates what I've been working toward. Clarity...I love it!
The following 8 users say Thank You to Salao for this post:
I humbly suggest learning VP from FT71, guy is the master . But also check out the course from Axia, they go into specific set-ups which can be effective from personal experience but only after you are able to put your personal twist them.
The following 3 users say Thank You to ss108 for this post:
@ss108:
unless you oversaw my post, as you did not reply to my question, I assume that there actually is no website by Brett Streenbarger with e-mini-related content then?
He's a trading psychologist who works with prop firms and institutions and has written some very good books. There is also a newer site for his most recent website based book.
He trades the ES and amongst the psychology are some Trading Technique posts, this is a link to the page that lists them. TraderFeed: TOP TRADING TECHNIQUE POSTS
Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
The following 4 users say Thank You to matthew28 for this post:
Dr. Steenbarger is focused principally on trading psychology, which some regard as more important than others do. To each his own on that question.
But you won't get trading calls and that sort of thing. Also, to each his own on whether that is a good or a bad thing.
He's well-known in the industry, and, of course, whether anyone finds his work valuable is an individual matter. @matthew28 has provided a link for anyone who wants to look into it.
But let's not let this thread get too far off-topic with discussions not related to Convergent.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
The following 3 users say Thank You to bobwest for this post:
He has a huge archive of free videos covering numerous trading related topics (volume profile , order flow, bookmap etc..) some are exceptional . I like the way he looks at volume profile , interestingly , he tends to dismiss vah/val, I agree with his reasoning for what it's worth.
The following user says Thank You to ss108 for this post:
he is a practicing psychologist, the idea that he knows anything about trading techniques is laughable
he has successfully tapped into this cottage industry of performance coaches and he does work with the largest trading firms, if one is into that kinda thing. there is certainly something to it but i do think most people (including me) get into the psychological aspect of trading way before they understand trading or have some kind of strategy. and when psychobabble doesnt yield better results (how can it by itself ?) it becomes a self defeating negative feedback loop....imho
With all due respect , I don't see how you can say that. By your own admission you are just a begginer.
His trading posts definitely have value, we can discuss specifics on a different thread , this one is getting derailed.
Why not start another thread , I will chime in for sure, write down your experiences with him.
I don't think people should spend money on pyschological coaches until they have developed an edge and traded it in the market for some time , imo.
Members are reminded that this thread is about Convergent Trading and FT71, not about Dr. Steenbarger.
I just counted 9 recent posts (one of which was mine ) in which Steenbarger is at least mentioned. Some posts are just informative, some express some opinion about him, pro or con.... But 9 posts out of a current total of 46 is 20%.
It's fine to bring up something or someone else from time to time during the normal discussions of a thread, but this is getting to be a full derailment.
Please move back to something more on-topic, and reserve opinions and discussions about Steenbarger to an appropriate thread.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
The following user says Thank You to bobwest for this post:
Maybe it is a case of Soul Walk-Ins. Sometimes a soul will agree to walk-in and reside in the body alongside the original soul as partners. Now the big question would be who is FT71?
Hello, I was wondering if anybody here actively use the StalkZones levels? If you are, please share your experience with these levels with regard to usefullness, accuracy, etc. Thank you.
