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

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  #522 (permalink)
Elite Member
Oregon
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: ES
 
Stillgreen's Avatar
 
Posts: 186 since May 2014
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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.

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  #523 (permalink)
grappling dummy
Hawaii at the beach
 
Futures Experience: Intermediate
Platform: Ninjatrader, TOS
Broker/Data: S5
Favorite Futures: ES, fine alcohol and muscle cars
 
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Posts: 453 since Apr 2013
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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
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  #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: 45,850 since Jun 2009
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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

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  #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
 
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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
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  #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: 233 since Feb 2012
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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
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  #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: 233 since Feb 2012
Thanks: 56 given, 756 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
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  #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: 233 since Feb 2012
Thanks: 56 given, 756 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
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  #529 (permalink)
Elite Member
Long Beach
 
Futures Experience: None
Platform: tradestation
Favorite Futures: ES
 
Posts: 10 since Dec 2015
Thanks: 2 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.

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  #530 (permalink)
Webinar Host
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
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Posts: 5,656 since Sep 2013
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Webinar room is open. We are over capacity so it is first come first serve. This is an extended 1 hr AMA.

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