I Quit Trading Options & Went ALL in on Futures | Beginner's Guide to Futures 2023

A beginner's guide to futures [2023] | 🏦 Get Up to $3,000* Cash When you Fund Your tastytrade Account: info.tastytrade.com/tasty-off...
Earn up to $3000 terms and conditions apply. Void where prohibited. See info.tastytrade.com/tasty-offer for full details. Offer expires 9/30/23
tastylive Inc. and tastytrade Inc are separate but affiliated companies.
📝 Description
Errol gets in contact with Anton to see how an options trader can trade futures. Futures are similar to trading stocks, so traders can use the same methodology to trade both. Equity index futures are a good starting point for those coming from the stock or options world, and there are four primary equity index futures to choose from: the S&P 500 futures, the Dow Jones Industrial Average futures, the Nasdaq 100 futures, and the Russell 2000 futures. Each futures contract has its own notional value and multiplier, and some are better suited for beginners due to lower buying power. Micro contracts are also available for those who don't have a lot of capital or want to reduce their risk.
00:00 Using Futures Instead of Options
00:30 3 Reasons to Trade Futures
01:53 Best Futures for Beginners to Trade
02:43 Notional Value, Explained
04:00 Trading Futures for Small Portfolios
05:54 Placing a Futures Trade
06:38 Biggest Beginner Futures Mistake
07:56 Placing a Second Trade
10:49 How to Improve
#futurestrading #futuresoptions
======== tastylive.com ========
tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we’ll help you take your trading to the next level, whether you are new to trading or a seasoned veteran.
Subscribe to our Second Channel: @tastylivetrending
Check out more options and trading videos at www.tastylive.com!
Follow us on Twitter: tastyliveshow
Check out our Instagram: tastyliveshow

[@jasonpermanna308]

as an option buyer switching to future trading is a great move bc price can be choppy and I will still be in profit without worrying about theta decay

[@tradegaragethirty3]

Made the switch years ago as well great job!

[@viaanfc]

Thank You

[@surinamel5708]

Thanks I like your video .

[@SprinkleofPepper]

Good job Errol and Anton. I'm getting ready to dip my toes in with futures, so this was timely. Thank you.

[@moormaidrie]

thanks for the video. i am a beginner who is learning forex in the nfc community.

[@blackdiamondoffthegrid8703]

/es is my bread butter!👌

[@shanenorth8663]

So what did he buy, a long call? I think they skimmed a lot of crucial points! Maybe they can make a series on futures that goes more in depth.

[@eddienunez8206]

Wait so with futures you don’t choose a contract you Just trade long or short correct

[@theblockcat-ain1572]

Can you trade us30 and nasdaq on futures??

[@helpme100]

I agree with exit strategy but for beginners I would hope for more exact profit said(explained) vs market movement. If that doesn't make sense good because I'm not alone

[@brandonhughes645]

Why does my profits/losses not align with the the charts? Im so confused. Ive searched everywhere and no one is mentioning it. Is it my broker glitching out?

[@terrancespencer77]

P/L shows your profit or losses in dollar amount. Futures move in a point system increment. Every move up or down equals a point in the futures market. Each point is broken into 4 smaller moves called ticks. Depending on the instrument you’re trading(oil, corn, indices) the dollar value of the tick very. So if /ES(S&P 500) tick value equals $12.50 per and there’s 4 ticks in a point that mean one point is $50.00. So if you place a trade and you gained 5 point on it that mean you would be paid $250.00… this mean your move was $12.50 per tick, there’s 4 ticks in a point equaling out to be $50.00 and it moved 5 points that’s $50 per every move which is 5. So if you put on multiple contracts that would be $250 per each contract you placed. It also work the exact same way when you lose. So be careful. Not sure if this answered your question or not.

[@TheLalo510]

you dint talk about the buying fee that comes with features

[@ketzakoalt3903]

make synthetic if you want to use future.

[@dniezby]

Just one thing. Futures DO INDEED expire and if you're holding the contract when they do you will be obligated to fullfill the contract. So, if you're holding a contract for corn or oil...it expires you're going to be legally required to take possession of those barrels of oil or bushels of corn (or deliver if you're the seller)...So make sure you're not in a contract that you don't want to "settle" when it expires.

[@adarsh_kandari1399]

It's a saying there's no actual physical trade of contracts i read it in market exchange terms and conditions of futures

[@vinultra7266]

This is not accurate

[@user-ul1ku1ds9d]

That is not true…just roll the contract… brokerage firms are not going to allow you to take possession of the asset and get it to the new contract buyer. This was true years ago but it’s dead now. The big dealers and companies are at another level and you don’t even see their contract size.

[@zo9fg]

It's risky trading futures when things get volatile, I'm sad the video didn't have more risk management or stop loss lessons. I rather stop out than hold because u never know when those hedge funds decide to dump or pump and squeeze you.

[@Icemon09]

Yeah. That’s why swing trading > day trading. Why would you want to make yourself some hedge-fund’s bitch. You know what they cannot control? The macro-movement of a major stock.

[@scarter364]

Exactly.

[@hwnwhaler1]

Mahalo!

[@okeuwechue9238]

Silly. To make income you need to SELL options not BUY them. When volatility is LOW you need to sell Tine Spreads ( e.g. double diagonals or double calendars) in order to take advantage of volatility expansion.

[@owensd81]

Tasty just isn't the platform for trading futures - way to long to get in and out of positions and the margin requirements are just not great. Love Tasty for my options + IRA accounts, but for futures, no thanks, especially scalping like you were doing.

[@zo9fg]

What's cool about tasty for options?

[@figh761]

which broker u use for futures trading

[@jacksonparker3671]

@@zo9fg They have a very good interface for trading options easily, and making complex spreads, but their fees are outrageous, and they are extremely restrictive when it comes to trading with leverage.

[@sethc27]

ES futures are a super underrated day trading product but still very hard master. I'd recommend learning about auction market theory order flow if you want to get serious about it.

[@AString95]

It’s gambling. 50/50 shot you’ll likely never make consistent money. Unless you use it with options.

[@AString95]

Day trading is a fantasy.

[@sethc27]

@Austin Stringham Me and my community make money most days trading ES futures, I happen to be funded through online prop called earn2trade. I'll grant you that very hard, and most will probably fail, but it's not impossible.

[@sethc27]

​@Austin Stringham A lot of folks at tasty were pit traders back in day.

[@HighPowerOptionsTrades]

How sure are you about your response ?

[@user-gz1ti2er5t]

WRONGN

[@caseyneistat2371]

Come on..this is just another way to lose all your money 🤣

[@highbread817]

Less complex than options tbh

[@AfricanWifeinPakistan]

​@@highbread817Yes, 100% easier. Options has so much moving parts, I can't.

[@stoneosborne3561]

@@highbread817hilarious

[@nate5102]

I’m first

[@garymaggio3715]

Gambling! Another way for brokers to make commissions!

[@djayjp]

Options are better as they aren't subject to margin calls.

[@rotierender_lurch]

Not if you sell them + Futures make you money right from the beginning.

[@djayjp]

@@rotierender_lurch CSPs and CCs aren't subject to margin calls.

[@zo9fg]

But ur subjected to Pdt. It's also very risky since u need to have 25k in account. You might go mad one day and risk it all, ruining yourself

[@3for5spotshooter]

Just a kid with a dream. Or Sorcerers Apprentice.

[@TerryJulianLive]

Errol.. You have been a blessing on this channel man. I've been a trader for 10 years, going live with thousands of black traders and we watched then fell out of love with tastytrade because of their lack of representation. Seeing you on the network has been a breath of fresh air! The swagger, the way you ask questions, your thought process, we identify with that and we're learning alot from these videos. Keep up the great work bro!

[@ancient_living]

Really !?

[@hecklerkoch2446]

Why does it matter if he's black? 🙄

[@3DSteezyOFFICIAL]

Bro that other guys sucks at explaining things in simple terms … u told him this was for beginners. What was he thinking 😂