Advice from Futurestrader71

Discussion in 'Trading' started by Chuck Krug, Jul 24, 2022.

  1. SunTrader

    SunTrader

    Outcome of each trade indeed is random which is why I use stops always but targets never.
     
  2. mikeriley

    mikeriley

    #1 and #9 is half the battle won.

    #15 Trading is not a political correct exercise where
    everyone can win.

    #16 keep trying or ring the bell.
     
    Chuck Krug and easymon1 like this.
  3. tiddlywinks

    tiddlywinks

    FuturesTrader71 was an ET member years ago and is the real deal.

    Just recently, someone posted a link to his YT channel. He does a free live stream pre-RTH (8am CST) briefing of what he is looking at. Specifics are given using volume/price tools, perfect for me. The platform used looks sweet too. FWIW, last Friday, he absolutely nailed ES 4016! 4016 was talked/mentioned previous days as well. Again, using volume/price tools.

    Anyway, winning days and not so winning days, he's the real deal, but I don't agree with the entirety of the OP "list".

    Here's the YT link if interested...
    https://www.youtube.com/c/Futurestrader71-Videos/featured
     
  4. easymon1

    easymon1

    Live trade entries on youtube are scarce as hen's teeth.
    Did he post his entry in real time on his stream as he was doing it?
     
  5. NoahA

    NoahA

    If he was so good, he would not waste his time on teaching. If he was so sure about a short at 4016, he could have easily made a few million dollars on just this day. In other words, after just a few months of trading, he should have enough money to retire.
     
  6. Secatu

    Secatu

    Good stuff. I've been trading stocks and options for years. I'm at a point in my life where I can explore other trading strategies.

    So what are the fundamental & technical differences between futures and regular equities? Are they basically the same, except for obvious projection and no margin requirements? I know I could look it up on Google, but their search returns suck now. Thanks.
     
    beginner66 likes this.
  7. Since I day trade, I generally have a target that is 75th percentile of the day's range which does get lucky enough to get hit, but for the most part I'm just trading from one level to the next.
     
    KCalhoun likes this.
  8. tiddlywinks

    tiddlywinks

    The level of laziness and stupid-ness on ET is on full display!
     
  9. NoahA

    NoahA

    Lol... How many ES contracts are u swinging? From what I recall of your posting history and the Hershey method, you're doing a whopping 2 or 3. I expect anyone who has this game figured out to be doing at least 20!
     
    #10     Jul 24, 2022
    Grantx and SimpleMeLike like this.