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


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

  #1 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
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Broker: IBKR
Trading: Stocks & Futures
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Thanks Given: 33,202
Thanks Received: 101,598

Morad Askar, better known as FuturesTrader71 or simply FT71, will be monitoring this thread so that he may answer any questions that you post here about trading in general.

Please keep in mind that some customer service/technical support issues are best handled through proper channels.

FuturesTrader71 (FT71) is a full time professional trader. He has previously owned and operated a proprietary futures trading firm, is a member of CBOT, and is the Owner of Edge Clear Brokerage.

FuturesTrader71 (FT71) is well known for his educational tweets on Twitter where he has a very large following, and his series of webinars on futures.io (formerly BMT) that cover a wide array of subjects including Volume Profile, Auction Theory, Trading Psychology, Risk Management, Trade Management, Discipline, Probabilities, and much more.

In addition to this thread, I will also be asking FT71 to stop by on occasion for a casual webinar where he can answer questions via audio while also sharing his screen to visually demonstrate any points as needed. The date/time of those sessions will be announced here in this thread. These sessions will be limited to questions only, there is no prepared presentation. After the session ends, the recording will be posted in this thread.

You can find more on his website:
FuturesTrader71 | Simplicity in Trading

Feel free to ask any questions below and we'll do our best to get them answered.

The futures.io (formerly BMT) "AMA" (Ask Me Anything) series is by invitation only. It is part of a new program we are launching shortly called "Certified Trustworthy", something that has been months in the making. I will provide all the details of this new program as soon as it is ready for launch.

Mike

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  #3 (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: 50,439 since Jun 2009
Thanks Given: 33,202
Thanks Received: 101,598


I have asked @FuturesTrader71 to do two live AMA sessions/screen shares per month. Please understand time restrictions and availability, but I am sure FT71 will do his absolute best to make that happen and to answer all questions here.

Please do not inundate FT71 with private messages. Keep messages in this thread so when he replies more than just one individual can benefit from the response.

Please understand it may not be possible for every single post to receive a reply. The best questions will receive the most attention.

Mike

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  #4 (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: 50,439 since Jun 2009
Thanks Given: 33,202
Thanks Received: 101,598

If you are new to FT71, or even if you aren't, you should attend today's nexusfi.com (formerly BMT) webinar:



FT71 has prepared a fantastic presentation for us and I am sure it will be very well received. The webinar is today at 4:30PM ET. Please be on-time, room capacity is limited to 500 people.

You can also find five other webinars FT71 has presented in the Webinars section.

FT71 also offers some webinars on his website directly:
FuturesTrader71 | Simplicity in Trading

Before we get started with the questions, I want to take the opportunity to once again thank FT for his time. I hope you will do the same.

Mike

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  #5 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
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Trading: ES, NQ, YM
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As is the case 95% of the time I will be unable to attend live due to my schedule, but look forward to the recording as always. Thanks Mike and FT71.

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  #6 (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: 50,439 since Jun 2009
Thanks Given: 33,202
Thanks Received: 101,598

@FuturesTrader71,

Is the "S5 Trade Analyzer" available for sim/paper accounts?

Mike

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  #7 (permalink)
 veggen 
Hoensbroek, Netherlands
 
Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Trading: ES
Posts: 19 since Feb 2013
Thanks Given: 52
Thanks Received: 74

Hey FT71!
Thank you for sharing so much of your time and helping out as much as you do without asking anything in return. So much appriciated and a true inspiration.

I have a question regarding composites and micro composites I was hoping you would adresse. As we now in the ES recently broke out to the upside from a micro composite (from the 21. of february to the 4th of mars). If we were to re-visit this price area in the near future again, which of the HVN and LVN would you pay the most attention to? Would it be the micro composites value nodes because these are the most recent prices and therefore has the most influence in the future, or the bigger composites value nodes because they reflect more days and therefore more information? Or do you compare the value nodes from both the micro composite and the overall composite and pay attention to the nodes that are pointed out in both of them and therefore match?

Hope my question was understandable as english is not my first language and hoping you have the time to shred some light on this.

Thanks again FT71!

Cheers,

Vegard

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  #8 (permalink)
 garyboy275 
wa/ usa
 
Experience: Intermediate
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Hi Mike
As far as I know it is available for demo accounts-I think you get a 2 week demo and you can use both trader platform and trade analyser during that time


Big Mike View Post
@FuturesTrader71,

Is the "S5 Trade Analyzer" available for sim/paper accounts?

Mike


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  #9 (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: 50,439 since Jun 2009
Thanks Given: 33,202
Thanks Received: 101,598


garyboy275 View Post
Hi Mike
As far as I know it is available for demo accounts-I think you get a 2 week demo and you can use both trader platform and trade analyser during that time

I'm more interested in if it is available in paper/sim mode for funded accounts on a permanent basis, or if it only works for cash trades.

Mike

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Thanked by:
  #10 (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: 50,439 since Jun 2009
Thanks Given: 33,202
Thanks Received: 101,598


@FuturesTrader71, I know your new venture with Stage 5 Trading means you've not yet got a fully working website. So I had a few questions about the brokerage.

a) Assuming you are a GIB or IIB? If yes, which FCM are you clearing through?
b) What technology is supported? TT FIX, Rithmic, Zen Fire, etc?
c) What platforms are supported for trading? Sierra Chart, NinjaTrader? I realize you can use whatever you wish for charting.
d) Client portal functionality/features?

Thanks FT.

I'll also use this post to mention the recording for today's webinar has been posted in the webinar section.

Mike

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Last Updated on December 2, 2022


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