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. 👌
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.
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.
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...
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..
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 $$
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"
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
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
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
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.
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 RUclips 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!
How do I get hired into Morad's Prop shop ? would I have to present my trading record? I am not a million dollar a year trader yet but I do make consistent money (4-5% a month) on a small account.
+nainjatt, you're best to tweet @FuturesTrader71 or email him through the contact form on his website (FuturesTrader71.com). But, from what I understand, he currently does not have a prop firm-he used to, and would like to do it again at some point.
Morad claimed to own a prop shop when in reality he was a struggling prop trader in one. He became an IB, then formed his own brokerage. Never successful at trading, as far as I knew, and I was in 2 different trading rooms with him.
@@ironhed515 Don't know Morad from Adam, but his BS description of what the SOES System was & SOES Traders were is all wrong. A GIANT red flag in the 1st 10mins so the rest of the interview isn't worth listening to for me.
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.
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.....
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.
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.
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. 👌
Amen
Great summary!
Cant size down. Do the maths, you have to have a fixed, sustainable position size
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.
same, i keep listening to it many times.
Amazing value, thank you both for sharing and putting this together.
This interview was absolute gold. Thank you.
+Grant Shuttleworth, I'm thrilled you thought so! Thanks.
Morad is and example of constant, calm, humble, smart and methodic trader. Thx Aaron for all this interviews
25 min in and sold
Best interview i have heard so far, brilliant.
WHAT A GEM 💎!! Thanks a lot!
My life will never be the same. This is me he is talking about. Futures Trader 71 you the best.
By far my favourite trader, probably my 5th time listening to this!
This is gold, brilliant
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.
Raja bank told me to watch this episode
I am here because of him also.
The fountain of wisdom is overflowing on this one. Gonna replay it all again!
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...
I have listened to this interview 5 times now.
FT71 is Highly Respected, Thanks Mr. FiField for this interview. Great Interview !!!
Best interview I've heard yet in chat with traders. This guy was completely unselfish and humble.
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..
this was my favourite interview for some reason
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 $$
The best of all interviews so far
The BEST interview I’ve heard wow!!
This is pure gold 🏅
This podcast is just on point all the way..
Great interview...I had to listen to it twice...utterly brilliant
Another interview that hit home. Some of these lessons and thought processes will stick with me. Great interview. Thanks
Great
Technical
1. Learning Process:connections / approach
2. Psychology
3. Record Keeping: Business Plan
Man this interview rt here❗️❗️❗️❗️Any trader 1 year n under listen twice trust me🙏🏿💪🏿🔑
Liked the podcast but was really intrigued by 27:00.
Outstanding interview. Thank you, Aaron.
Just found this interview and it was one of the best ones I've heard so far! Thanks a lot for the information
Thanks!
He explained answers so clearly to questions we really needed to have answered!!
Excellent episode. One of the best for me so far. Full of gems.
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
Strive for always being in market alignment, futures traders!
Thanks for the episode FT71
This was REALLY good. Thanks very much.
Raja recommended again today
Very beneficial info- thank you
Another master piece !!
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"
GOAT shit.
damn breaux. Hits home
Fantastic interview thank you!
Thanks 👍
Pure gold! enjoyed the chat!!
Amazing. To the point. Helped a lot.
Merry X-Mas everyone Leaving this comment for my future self! Never Give Up on your Dreams! - 21
round 2 😀. 2021 was best year yet! Lets crush 2022
2022 looks to be a good year for trading, so far.
2022 was a rough market. Looking foward to 2023!
Really enjoyed this interview.
Hi Aron.. thanks for this pod cast. it's very informative... I'm big fan of your podcast.. good work mate.
+Kiran Ananthu, really pleased to hear it!
Great Interview!
Amazing ep!
Great Interview. thx
wow amazing content here
greattttt epp
Straight to stationary shop to buy 📚 for book keeping of trade logs
I'm here because of Raja Banks... Let's do this. 💪🏽💪🏽💪🏽💪🏽
Great Video! Do what works for you and nothing more is what this video is all about nice!
+SmallTime Trading, glad you enjoyed it buddy. You can also hear our first interview here: ruclips.net/video/Q-u132SWVuQ/видео.html
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
Great episode
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
Absolute Gold , everything he says is true .
Great work , chance to know lot of new things
i really like this guy
The 4 Trade Loss Rule is really interesting. I might try that also :)
+S3VeR, yeah I really liked that risk management approach also. Definitely gave me something to think about...
very good interview
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
He said 3 times a week. Not 2 times.
thank you
Here because of Raja Banks aka Wicksdontlie!!
here after raja banks suggestion
The legend
Awesome interview Aron, was very informative and useful, Thanks !!
+qqww35, pleased to hear it!
Trading requires a Level of focus deliberate repetitive consistency .
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.
Agree
Hi Aaron, Could please Enable the subtitle option for this video?
Raja Banks sent me here.
great!!
Wow! that was great....
speed up the video 1.25%. you're welcome.
Gem🔥🔥
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🤑
What is the book he mentions and the author?
This man is so great, I think I'll make him my second dad.
🔥
38. Shedding and make it simple
🔥🔥🔥
Trying to slow down the audio but it's not working....
Great interview!
+R. Taylor Garlock - you're trying to slow down the audio? Pleased you liked the interview.
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 RUclips 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!
Who is here because of Raja banks 😂😂😂😂
@@Rajabanks01 🙋♂️
1:08:00
How do I get hired into Morad's Prop shop ? would I have to present my trading record? I am not a million dollar a year trader yet but I do make consistent money (4-5% a month) on a small account.
+nainjatt, you're best to tweet @FuturesTrader71 or email him through the contact form on his website (FuturesTrader71.com). But, from what I understand, he currently does not have a prop firm-he used to, and would like to do it again at some point.
Morad claimed to own a prop shop when in reality he was a struggling prop trader in one. He became an IB, then formed his own brokerage. Never successful at trading, as far as I knew, and I was in 2 different trading rooms with him.
@@geoffevison8036 proof of these claims?
@@ironhed515 Don't know Morad from Adam, but his BS description of what the SOES System was & SOES Traders were is all wrong. A GIANT red flag in the 1st 10mins so the rest of the interview isn't worth listening to for me.
it would be cool if you had video podcast like joe rogan does
You jave to interview Marco Gomez from the Institute of Trading and Finance IOTAF
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.
4 people who lost everything trading disliked this video
27.10
interview Mathew Thayer. his youtube channel name is Mattypips. He's a high frequency time based currency trader
42
10
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.....
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.
Would be good to translate this interview to spanish
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.
my bullshit meter is at 70%. This guy never made money in his life in trading