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

  #341 (permalink)
in a meditative state...
Portugal
 
Futures Experience: Advanced
Platform: Multicharts, Jigsaw
Broker/Data: Stage5, OEC
Favorite Futures: Treasuries
 
arnie's Avatar
 
Posts: 794 since May 2010
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Hi FT.

Since you'd came from prop trading I'd like to hear your opinion when we hear people saying that scalping is basically dead due to HFT's, yourself when you say that as soon you got in on a position you stop looking at the DOM but when we search for prop firms what we see is their screens are DOM's.

So on one hand we have prop traders saying that scalping is basically dead, it's almost impossible for a human being compete with HFT's and all their algos that screws DOM reading but on the other hand we have most prop firms offering programs that are focused on scalping, putting traders looking at a DOM a trade based on it.


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  #342 (permalink)
in a meditative state...
Portugal
 
Futures Experience: Advanced
Platform: Multicharts, Jigsaw
Broker/Data: Stage5, OEC
Favorite Futures: Treasuries
 
arnie's Avatar
 
Posts: 794 since May 2010
Thanks: 693 given, 950 received

Just to say that I just received the signed book The Chimp Paradox.
Many thanks @FuturesTrader71 and @Big Mike

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #343 (permalink)
Elite Member
berlin
 
Futures Experience: Intermediate
Platform: ninjatrader x-trader
Favorite Futures: bund, zb, zn
 
Posts: 7 since Mar 2013
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campaigning


hi ft71,

i would like to learn more about campaigning. can you recommend a book or resource to dig deeper?

thanks,
tom

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  #344 (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
 
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Posts: 229 since Feb 2012
Thanks: 55 given, 751 received


tomozean View Post
hi ft71,

i would like to learn more about campaigning. can you recommend a book or resource to dig deeper?

thanks,
tom

Hi Tom,

I'm not aware of a book that covers this subject. I am releasing our Trader Dev Program soon and it has a supplement on that.

Best,
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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  #345 (permalink)
Elite Member
manchester
 
Futures Experience: Intermediate
Platform: tradestation
Favorite Futures: oil
 
Posts: 54 since Mar 2010
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Futures Edge on FIO

FuturesTrader71 View Post
Hi Tom,

I'm not aware of a book that covers this subject. I am releasing our Trader Dev Program soon and it has a supplement on that.

Best,
FT71

Hi FT

What is the Trader Dev Program you mentioned? Do you have any further information on this?

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  #346 (permalink)
Trading Apprentice
Vancouver Island, Canada
 
Futures Experience: Advanced
Platform: T4, Ninja, MetaTrader, IB, Oanda
Favorite Futures: Oil
 
Posts: 36 since Nov 2013
Thanks: 87 given, 85 received

your breathing while trading

Hi FT71,

I just finished listening to the webinar on futures.io (formerly BMT), "Getting started in scalping". As I listened to you do the demo trading of scalping, I noticed that I could hear you breathe. However, it sounded like you were breathing in a very specific pattern. If I had to guess at it, I would say deep breathing through your nose and exhaling through your mouth.

Have you trained yourself to breathe a certain way while trading? And if so, is this recommended to other traders?

Thanks in advance for your consideration.

Yukoner

PS. Excellent webinar btw.


Last edited by Yukoner; December 28th, 2014 at 02:05 AM.
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  #347 (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: 229 since Feb 2012
Thanks: 55 given, 751 received


Bankrobber View Post
Hi FT

What is the Trader Dev Program you mentioned? Do you have any further information on this?

Happy New Year!!!

This is a comprehensive process that I'm creating for trader training. I'm basically taking all of my prop experience and providing a course that approaches all traders the same way. This is very different than the traditional "here buy my indicator or buy my DVD, see you later" type of thing. There will be more details as it gets closer to being done.

In fact, the only reason I was part of starting Stage 5 Trading is to develop a prop trading environment but for all online traders. It is a complex task but we are getting there slowly.

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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  #348 (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: 229 since Feb 2012
Thanks: 55 given, 751 received


Yukoner View Post
Hi FT71,

I just finished listening to the webinar on futures.io (formerly BMT), "Getting started in scalping". As I listened to you do the demo trading of scalping, I noticed that I could hear you breathe. However, it sounded like you were breathing in a very specific pattern. If I had to guess at it, I would say deep breathing through your nose and exhaling through your mouth.

Have you trained yourself to breathe a certain way while trading? And if so, is this recommended to other traders?

Thanks in advance for your consideration.

Yukoner

PS. Excellent webinar btw.

Happy New Year!!

I get a lot of emails and notes from all over the place. It is very interesting that those from futures.io (formerly BMT) are consistently the most detailed and the most observant. Credit can only go to Big Mike for that.

As far as your question, although I have a heightened state of emotion while in a trade until I get my first scale out, it is a habit to be aware of my breathing and to focus only on those things that affect my next trade decision rather than on my P&L or how things are going with the market confirming my bias. I'm not aware of it now, but I remain consistently calm through my trades whether they last for hours or are just heavy size + very short term. It doesn't matter. My state of agitation or emotional turbulence can only thwart my plan and it can't contribute to it. So it is key for me to just being self-aware and calm. This is something that becomes very obvious to most traders I have worked with when they start trading larger and larger size.

These are subtle but very important things. Just remember, you are not the same person who is in the trade as you were before the trade (this is my experience and my opinion).

I hope that makes sense.

Best,
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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  #349 (permalink)
Trading Apprentice
Vancouver Island, Canada
 
Futures Experience: Advanced
Platform: T4, Ninja, MetaTrader, IB, Oanda
Favorite Futures: Oil
 
Posts: 36 since Nov 2013
Thanks: 87 given, 85 received


FuturesTrader71 View Post
Happy New Year!!

I get a lot of emails and notes from all over the place. It is very interesting that those from futures.io (formerly BMT) are consistently the most detailed and the most observant. Credit can only go to Big Mike for that.

As far as your question, although I have a heightened state of emotion while in a trade until I get my first scale out, it is a habit to be aware of my breathing and to focus only on those things that affect my next trade decision rather than on my P&L or how things are going with the market confirming my bias. I'm not aware of it now, but I remain consistently calm through my trades whether they last for hours or are just heavy size + very short term. It doesn't matter. My state of agitation or emotional turbulence can only thwart my plan and it can't contribute to it. So it is key for me to just being self-aware and calm. This is something that becomes very obvious to most traders I have worked with when they start trading larger and larger size.

These are subtle but very important things. Just remember, you are not the same person who is in the trade as you were before the trade (this is my experience and my opinion).

I hope that makes sense.

Best,
FT71

@futures71 , yes that makes complete sense. Appreciate you sharing! I find it interesting the part about trading bigger and bigger size, and how important it is to be self-aware and calm.

Now I am trying to figure out who I become once I am in the trade.... and how to get the previous guy to stick around a bit longer.

Thanks for the answer.

Yukoner

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  #350 (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: 45,804 since Jun 2009
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On Tuesday, Feb 3 @ 4:30PM Eastern, @FuturesTrader71 (Morad Askar) will be doing a special webinar on futures.io (formerly BMT). The webinar will be an extended Q&A session (like an Ask Me Anything) where Morad will field questions from users and answer a broad range of topics.

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Attend live to get your own personal questions answered.

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