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


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

  #411 (permalink)
 
FuturesTrader71's Avatar
 FuturesTrader71 
 
Posts: 391 since Feb 2012
Thanks Given: 174
Thanks Received: 1,513

Hey look at this! I'm all caught up for the first time.

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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Can you help answer these questions
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  #412 (permalink)
 
Joshua1984's Avatar
 Joshua1984 
Montreal, Quebec/Canada
 
Experience: Intermediate
Platform: Ensign, IB, Sierra Chart, Ninjatrader, Multicharts
Trading: CL, Stocks, 6C
Posts: 21 since Mar 2011
Thanks Given: 3
Thanks Received: 20

I really appreciate you taking the time to answer these questions.

I have another.

Let's say I have a 65% win rate trading CL with 2 lots. I have an 8-tick scale and a 12-tick scale and a 15-tick stop.

On my winning trades I very often see much greater favorable excursion potential.

The question is: when does it become reasonable to use a runner?

I received the book "Coaching the Mental Game" today and was very pleased by the note.

Thanks again to both you and Mike.

Cheers,
Josh

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  #413 (permalink)
 
KahunaDog's Avatar
 KahunaDog 
Hawaii at the beach
 
Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker: S5
Trading: ES, ZB fine alcohol and muscle cars
Posts: 549 since Apr 2013
Thanks Given: 1,168
Thanks Received: 412


Ft71
Using the sports analogy and deliberate practice model.
Any drills a trader could isolate or work on to improve their trading? Like the batting cage, shootings dry fire, golf putting, punching mitts, shadow boxing, etc.
building that inuition and subconscious competence.


I heard you and Dionysous mention DOM reading at speed(I've yet to use the DOM, and will eventually).

Risk seems to be the largest issue for most people, retail or prop. Maybe the marble game 2-3x week. And. Or the market at speed in replay while identifing risk or looking for patterns?
Homework levels seem to be the other ...maybe HYPO1,2,3 multiple markets per day then check back. Relating price action to Hvns and Lvns.
Maybe a mental though process.


How would you structure such? Frequency? Intensity? Duration?
I am highly impressed by Stage5 commitment to helping their traders and am going to contact them this week because of it.

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  #414 (permalink)
 hCVaEAL 
Albuquerque, NM
 
Experience: Advanced
Platform: TOS
Broker: IQFeed
Trading: ES
Posts: 4 since Jun 2014
Thanks Given: 1
Thanks Received: 0


hCVaEAL View Post
You talked today about error tracking being a big differentiator between retail and prop/pro traders. Can you give some examples of errors which when tracked can really help a retail trader like me (who doesn't track any errors and can only guess that you mean more than fat thumb errors)? Does the platform (stage5) help?

Thanks for the fantastic webinars!

Found the answer in an older FT71 webinar, The Holy Grail - Expectancy & Habits, where FT talks about errors and tracking more.

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  #415 (permalink)
 
bathrobe's Avatar
 bathrobe 
Los Angeles
 
Experience: Advanced
Trading: Energy
Posts: 81 since Oct 2010
Thanks Given: 58
Thanks Received: 35

Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

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  #416 (permalink)
 
Devil Man's Avatar
 Devil Man 
Fort Lauderdale
Legendary / Stochastic Calculus is not your friend
 
Experience: None
Platform: Ninjatrader, Python API
Broker: CQG
Trading: ES,NQ,CL
Posts: 849 since Oct 2009
Thanks Given: 3,399
Thanks Received: 1,534


bathrobe View Post
Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

I roll with volume.

JD

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  #417 (permalink)
 
bathrobe's Avatar
 bathrobe 
Los Angeles
 
Experience: Advanced
Trading: Energy
Posts: 81 since Oct 2010
Thanks Given: 58
Thanks Received: 35


Devil Man View Post
I roll with volume.

JD

Thank you, I should have added I am trying to use a specific date so the data will be adjusted, this is a feature you have to build into continuous charts in TT, which is what I am asking for, it is built in to IQ Feed.

Thank you,

Chris

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  #418 (permalink)
 
arnie's Avatar
 arnie 
Europe
 
Experience: Advanced
Platform: Jigsaw
Broker: Tradovate
Trading: Equities
Posts: 826 since May 2010
Thanks Given: 763
Thanks Received: 1,048


bathrobe View Post
Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

Just use the notice day which was yesterday.
During the day volume was still in March but by the end of the day June volume was basically identical to March.
Today June is at full throttle.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #419 (permalink)
 
arnie's Avatar
 arnie 
Europe
 
Experience: Advanced
Platform: Jigsaw
Broker: Tradovate
Trading: Equities
Posts: 826 since May 2010
Thanks Given: 763
Thanks Received: 1,048

Hi @FuturesTrader71

One question regarding S5T datafeed, OEC.
You advertise that OEC is unfiltered but you continue to use IQFeed, like many of your clients.

If you offer an unfiltered datafeed, why continuing to use a paid one when both should be identical since they are unfiltered?
One might think that you not trust OEC.

Regards.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #420 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536



arnie View Post
Hi @FuturesTrader71

One question regarding S5T datafeed, OEC.
You advertise that OEC is unfiltered but you continue to use IQFeed, like many of your clients.

If you offer an unfiltered datafeed, why continuing to use a paid one when both should be identical since they are unfiltered?
One might think that you not trust OEC.

Regards.

I am not Morad, but there is more to a data feed than unfiltered data. For example, breadth tickers, historical data, continuous contracts, etc.

Mike

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