@FuturesTrader71Interview - Chat With Traders Podcast Episode 037 - Investing Shortcuts

@FuturesTrader71Interview – Chat With Traders Podcast Episode 037

Morad is this week’s guest, and is best know as Futures Trader 71 (or FT) on Twitter. He’s been actively trading for over 15 years and started out scalping NASDAQ stocks among the original SOES Bandits. He later created his own proprietary trading firm where he helped to fund and mentor a team of traders.

Currently, FT runs a brokerage where he gives risk control as well as continuing education to his community. He’s still an active futures trader and focuses on reading market and volume profile.

What’s Covered in This Interview:

  • How SOES Bandits introduced him to trading and leaving a high paying construction job shortly after to trade with them.
  • Why it’s not enough to extract profits from the market even if you have the best learning environment.
  • How FT defines consistent profitability.
  • Why FT likes to organize data by price and volume, and remove time from his analysis
  • FT discusses whether or not market and volume profile is effective for swing and position traders.
  • How FT and others in his firm had to change their strategy because of high frequency trading and predatory algorithms.
  • How FT’s strategy on market and volume profiling hasn’t changed since 2006.
  • How high frequency trading, and predatory algorithms forced FT and the traders in his firm to change their trading approach – more risk was no longer buying more reward.
  • Why it’s important to give back and leave a legacy as as trader.
  • Why FT never regretted the move from equities to futures.

Links and Resources:

  • Trader Bite – FT’s YouTube channel where he posts daily videos that explain what the markets did the previous day and what is predictions are for the upcoming season.
  • Statistical Analysis for a Broader Edge – A video FT mentioned where he explains how traders can find a statistical edge by using Excel and readily available data.
  • InvestorRT – FT uses this software and charting packing for market profile and volume profile analysis.
  • Stage5Trading.com – Ft started this brokerage firm to give traders a professional platform.
  • FuturesTrader71.com – Visit Morad’s website to learn more about him and how he trades.
  • @FuturesTrader71 – Follow FT on Twitter.

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Aaron Fifield

Author Aaron Fifield

Aaron Fifield is a developing trader, and host of the Chat With Traders podcast. Each week he interviews successful traders and financial thought-leaders to extract their best insights, which is listened to by thousands. On the trading front, Aaron is learning how to code and is pursuing algorithmic trading systems.

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