How to become the trader you wish you were | Futures Trader 71

EP 082: How to become the trader you wish you were w/ Futures Trader 71
For the second time on Chat With Traders, my guest is Morad or better known as; Futures Trader 71.
As you could imagine, FT is a futures trader, he’s also very short-term and has been trading for about 16 years now. During this time, he was the founder of a successful prop firm and more recently, has started a brokerage; Stage 5 Trading.
First time around (on episode 37) we spoke extensively about FT’s path of becoming a trader, market profile and volume profile, and creating a legacy. This time we spoke about all new topics…
For example; how to learn a new skill, how to measure your progress besides PnL, how to remove attachment to the outcome, how FT uses a regressive risk management strategy, and plenty more too.
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LINKS
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[@Mechaneer]

Practice and focus and become supremely good at 3-5 setups. Don't continually chase the next shiny trading object. Don't over-leverage, and size down with each loss so you have more opportunities to get in sync with the market before reaching daily max loss. Trade with care, but also detachment regarding outcome. Realize that if you're trading according to a proven edge and its not working out, it may just not be a good day or few particular days for your edge. Treat each trade like a separate transaction, without consideration for emotional baggage or P/L's from previous trades. Pure gold. 👌

[@johnschenck8497]

Amen

[@lorenzovillegas2457]

Great summary!

[@gowrisangarkandavel9772]

Raja bank told me to watch this episode

[@aquatraderr]

can't get enough of this interview. I've lost count of how many times I've listened to it. Truly a gem of. Whenever I start questioning my strategy (which happens to be quite solid) I come back to this podcast to re-affirm that it's okay to lose, accept it and move on.

[@Ninja-iq2xt]

same, i keep listening to it many times.

[@vdevictoria4016]

Morad is and example of constant, calm, humble, smart and methodic trader. Thx Aaron for all this interviews

[@astrogumbo]

25 min in and sold

[@grant4458]

This interview was absolute gold. Thank you.

[@ChatWithTradersPodcast]

+Grant Shuttleworth, I'm thrilled you thought so! Thanks.

[@andreasbukontas567]

Best interview i have heard so far, brilliant.

[@miguelmojica5897]

Wow. This interview was AMAZING! You could write a best seller out of this interview easily. Thank you Aaron for working on these and sharing with the world.

[@pch5938]

Best interview I've heard yet in chat with traders. This guy was completely unselfish and humble.

[@tammyserafini4911]

Thank you for these interviews..have watched/listened to over 60 so far and I must say for me this was the BEST!!!!..So much valuable info. Will be listening to again.. Fantastic..many thanks to Morad just superb!!! Thank you for taking the time to pay it forward...

[@JimBeno]

The fountain of wisdom is overflowing on this one. Gonna replay it all again!

[@ericjoggy1437]

My life will never be the same. This is me he is talking about. Futures Trader 71 you the best.

[@miami6563]

Aron thumbs up on that interview. He is a Gem of information. Aron, you are Superman! in the trading world and thank you. Futures Trader71. thank you..

[@thienau1697]

I really like this guy. He seems real and want to help people set up the foundation to become successful traders. I like the P/L comparison with doctors comparing themselves about being successful to making $$

[@christdivers]

FT71 is Highly Respected, Thanks Mr. FiField for this interview. Great Interview !!!

[@TheToxicTank]

Another interview that hit home. Some of these lessons and thought processes will stick with me. Great interview. Thanks

[@Jstaysbusy]

By far my favourite trader, probably my 5th time listening to this!

[@macaireofarrell5730]

this was my favourite interview for some reason

[@VikAffiliate]

Just found this interview and it was one of the best ones I've heard so far! Thanks a lot for the information

[@amitrandive1509]

This is pure gold 🏅

[@hamisintunzwenimana8083]

Great Technical 1. Learning Process:connections / approach 2. Psychology 3. Record Keeping: Business Plan

[@aluna_m888]

Great interview...I had to listen to it twice...utterly brilliant

[@MCR123321]

Liked the podcast but was really intrigued by 27:00.

[@markezg9905]

The BEST interview I’ve heard wow!!

[@paulbarr1705]

Outstanding interview. Thank you, Aaron.

[@user-qd1zk7kj3d]

He explained answers so clearly to questions we really needed to have answered!!

[@DrOscarZAcosta]

Excellent episode. One of the best for me so far. Full of gems.

[@VanTlou]

This podcast is just on point all the way..

[@genestone4951]

This was REALLY good. Thanks very much.

[@tonynguyen36]

The best of all interviews so far

[@oOovide0s]

Strive for always being in market alignment, futures traders!

[@arielleHT]

Another master piece !!

[@curioustrades]

Merry X-Mas everyone Leaving this comment for my future self! Never Give Up on your Dreams! - 21

[@curioustrades]

round 2 😀. 2021 was best year yet! Lets crush 2022

[@duanejackson6718]

2022 looks to be a good year for trading, so far.

[@curioustrades]

2022 was a rough market. Looking foward to 2023!

[@daveychaz]

Fantastic interview thank you!

[@128hurtlocker]

Amazing. To the point. Helped a lot.

[@norrispope2399]

Man this interview rt here❗️❗️❗️❗️Any trader 1 year n under listen twice trust me🙏🏿💪🏿🔑

[@mahesh3609]

Pure gold! enjoyed the chat!!

[@astrogumbo]

and after stating I was sold 25 min deep, 29:35 "I can't be like a weathervane just switching directions depending on today's prevailing winds. It's not the MONEY; it's TIME that slips by and reduces the chances to make THE TURN to make a living in this industry"

[@astrogumbo]

GOAT shit. damn breaux. Hits home

[@Paulrallye]

Many thanks Aaron this has to be the best ive watched so far. I wish I had this guy to kick me into shape I would be making better progress! Its amazing to think I probably have a good strategies "Christ ive back tested it enough" but its me that's getting in the way! It may or may not be a good move but I think I'm going to have a break and take a long hard look at my self and what I'm doing! Just signed up to twitter and following the chat with site. All the best with your future Interviews hopefully one day ill be worthy of your time. Regards Paul

[@ChartataGlance]

Great work , chance to know lot of new things

[@kiranananthu53]

Hi Aron.. thanks for this pod cast. it's very informative... I'm big fan of your podcast.. good work mate.

[@ChatWithTradersPodcast]

+Kiran Ananthu, really pleased to hear it!

[@costakonti]

Great Interview!

[@boleslawkrzywousty7945]

Really enjoyed this interview.

[@tobetb]

Amazing ep!

[@tonybits369]

From 18 min + this is one of the most in-depth episode… Arron we need you back dude… COME ON MAN!!!! ❤❤❤ Stay Blessed THANK YOU

[@lovenpeace271]

most people want and pay for indicators and signals. But anyone who can keep a journal can see and develop his own methodology and start making money. But almost everyone has some baggage emotionally and that's what really keeps them from making money.

[@kashifali-ug1yk]

Agree

[@johncamejo8543]

Thanks for the episode FT71

[@smalltime3880]

Great Video! Do what works for you and nothing more is what this video is all about nice!

[@ChatWithTradersPodcast]

+SmallTime Trading, glad you enjoyed it buddy. You can also hear our first interview here: kzbin.info/www/bejne/h17YYmZoiLyJq7M

[@smalltime3880]

Got It thanks my friend.. Your videos are just what traders need, real insight to great traders that have gone through what we are going through awesome stuff

[@michaelbrusnahan]

Great Interview. thx

[@mmm-cake]

Very beneficial info- thank you

[@FadiGamingRP]

i really like this guy

[@dspawar8690]

Wow! that was great....

[@lucapuzzoli8363]

wow amazing content here

[@lwazeem]

Great episode

[@S3VeR]

The 4 Trade Loss Rule is really interesting. I might try that also :)

[@ChatWithTradersPodcast]

+S3VeR, yeah I really liked that risk management approach also. Definitely gave me something to think about...

[@devajk9476]

Straight to stationary shop to buy 📚 for book keeping of trade logs

[@Mansa1]

Absolute Gold , everything he says is true .

[@Player500-1]

Here because of Raja Banks aka Wicksdontlie!!

[@menininha92]

very good interview

[@danr905]

great!!

[@DEEPBAISOYA1]

here after raja banks suggestion

[@NewmanLing]

I'm here because of Raja Banks... Let's do this. 💪🏽💪🏽💪🏽💪🏽

[@jenBaker707]

thank you

[@jambear7862]

The legend

[@johnnykasongo4074]

Trading requires a Level of focus deliberate repetitive consistency .

[@thetaeater]

Did FT71 use to hangout on elitetrader? I love the honesty and the simplicity. I use to push MP and VP trading on there. Maybe I inspired him🤑

[@Kaplan_Fx]

This is the interview / podcast that gave Raja Banks his 'Aha' moment. He said that he used to listen to this specific podcast (ep 82) like 2 times a week for a full year

[@LOADING...o.o.o]

He said 3 times a week. Not 2 times.

[@ashrafuddin89]

Hi Aaron, Could please Enable the subtitle option for this video?

[@qqww35]

Awesome interview Aron, was very informative and useful, Thanks !!

[@ChatWithTradersPodcast]

+qqww35, pleased to hear it!

[@akashpantha]

🔥

[@rahulx529]

Gem🔥🔥

[@danr9301]

🔥🔥🔥

[@Tr1Hard777]

speed up the video 1.25%. you're welcome.

[@CheSmith74]

What is the book he mentions and the author?

[@DTacro]

You jave to interview Marco Gomez from the Institute of Trading and Finance IOTAF

[@lab-virus]

This man is so great, I think I'll make him my second dad.

[@r.taylorgarlock560]

Trying to slow down the audio but it's not working.... Great interview!

[@ChatWithTradersPodcast]

+R. Taylor Garlock - you're trying to slow down the audio? Pleased you liked the interview.

[@r.taylorgarlock560]

Right, something was up on my end--not sure how, but playback was at 1.25x or 1.5x. Immediately assumed it was on your end since I've never been able to change playback speed on KZbin before or ever needed to. Sure enough, tried again this evening and all is normal. Must have been on my end. Thanks for checking in!

[@Lordhellcrackthesaint]

it would be cool if you had video podcast like joe rogan does

[@TheBlackJackPlayer]

he is just trying to introduce clients to the major brokerhouses, so that he can get a commission kickback and further on trying to upsell these clients to managed futures programs which he is also receiving a commission kickback on.

[@Ibby_950]

10

[@Holywalk1]

interview Mathew Thayer. his youtube channel name is Mattypips. He's a high frequency time based currency trader

[@cristheframer]

1:08:00

[@eclipsez0r]

4 people who lost everything trading disliked this video

[@tradingcolombia1840]

Would be good to translate this interview to spanish

[@DipakRaikar]

putting down brokers who offer low margins is totally wrong....and TradeStation is the best platform to trade and study. dunno if this trader is still making money as he claims.....

[@FuturesTrader71_Home]

Why is it wrong? High leverage has destroyed more accounts than anything I can imagine, in my experienced opinion. No, Tradestation isn't the best solution for futures traders. I disagree with this assessment.

[@markmcgwiresbackne5705]

What! The 2000, 3000 round trips in ES & then adds stats on continuation trades. This guy always drives me batty. Ever see the charts he trades off of? Yea, I'm picking on him... so what.

[@TheBlackJackPlayer]

my bullshit meter is at 70%. This guy never made money in his life in trading

[@johnschenck8497]

@43@51