To give a voice to the everyday trader’s process, struggles, victories, and learning moments while providing an insider’s perspective on the futures industry. Knowledgeable guests will be on periodically, but the focus will mainly be on what we are learning about the common trader battling to make it to his or her goal. Stay tuned as we transparently discuss all aspects of the effort toward "making it as a trader".
Trading derivatives is not suitable for all investors. Past performance is not indicative of future results.
Episode 5 - Execution with FuturesTrader71
In this episode of our new series of "mini-sodes", Ian is joined by Morad Askar a.k.a FuturesTrader71 (FT71) to discuss actionable approaches to execution based on personal experience, and the many errors we have come to learn from.
We discuss the following key topics:
Patience: Fighting the urge to participate and waiting for solid risk-reward setups. Avoiding getting caught up in the "tape" and letting the market show its hand before stepping in
Entering Trades: How much information is too much before we act? How do we frame information in a way that reduces our risk?
Exiting Trades: Our risk-reward performance is incredibly key in trading. The best way to make it play to our advantage is to let winners run while trapping losses within a reasonable stop and quickly moving on. We also discuss the frustration with watching a winning trade turn around and become a stop-out or loss
Overtrading and Overthinking our process: The time to plan and do homework is best used before or after the market. Are we coming in with a plan? If not, then we are probably over-analyzing/over-thinking and so our execution likely suffers.
Errors - the bully that takes our lunch money every day: Professionals understand their weaknesses and can immediately detect an error. Not tracking errors leaves us with little to focus on to see clear improvements.
We are excited about this series and look forward to your questions and comments. Please like our podcast so others can find out about it.
Episode 4: Merritt Black
Kevin and Ian break down what they’ve learned from personal experience, observations about risk, creating a plan, and understanding the time frame for your trades (0:00 – 28:24). Merritt Black joins us to chat about trading as a performance activity, knowing, challenging, and being critical of yourself, and what happens when your plan doesn’t have an edge anymore (28:25 – 1:11:54).
Episode 3: Josh Schuler
Kevin and Ian give an update on their trading, and utilizing stats and setups (0:00 – 10:54). Josh Schuler joins us to talk stats, setups, his approach to the market, and utilizing Volume Profile (10:55 - 1:01:54)
Episode 2: Jeff Wagner
Kevin and Ian talk being accountable to each other, not fighting the market, and waiting for the trade (0:00 – 13:52). Jeff Wagner joins us to talk lifestyle, his transition in to Futures, trading the RTY and what he finds are important aspects to finding consistency (13:52 – 54:58).
Episode 1: FuturesTrader71
Kevin and Ian talk trading, Edge Clear, and new starts (0:00 – 13:21). FuturesTrader71 joins us for some background stories (13:21 – 38:32) FT gets in to today’s trading, homework, Edge Clear, and his routine (38:32 - 59:00)
Introducing Behind the Screens
Kevin and Ian give an overview of Behind the Screens, their background, and why they should even have a podcast.