A chance to chat it out

A chance to chat it out

The response to the blog and my tweets has been overwhelming. I am currently unable to handle the emails coming through with questions, requests and so on. Given that I’m also chairman of a non-profit group that is fairly active as well as a single dad, I am not able to devote the time to address all the questions/requests.

Yesterday, it occurred to me that it would be much easier to just "talk it out". I posted a tweet about potential conferencing software that can be used to host a chat session. Again, the response has been overwhelming. After reviewing the capabilities, stability and limitations of all of the options, it became obvious that a Ventrilo session would be best.

I want to reiterate that I am a trader first and foremost. I am also an educator for the traders who work for me and to whom I pay a cut of profits under a proprietary contract agreement. This is my main business. For this reason, I am unable to commit to consistently updating blogs, answering questions, etc. In fact, tweeting trades often costs me a little because of the distraction it creates to trade and tweet. Additionally, I have had messages from various people who have followed me into trades blindly and without defining risk or a position management scheme. They write because they don’t understand why I did this or that and how it cost them something. This is actually scary to see, frankly. It is impossible to be successful by blindly following someone else’s trades…not to mention the fact that people would love to hold someone else responsible for their loss (hence, the disclaimer on my blog).

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11 Comments
  • Danny Brand Jr.
    Posted at 12:04h, 15 October Reply

    Getting "all slots on server are full". Is the session full or do I have a setting botched?

  • FuturesTrader71
    Posted at 12:14h, 15 October Reply

    If you are getting that "all slots on server are full" message, it means that you probably set it up correctly but capacity needs to be added. The host is working on this. He will try to take care of you before we start.

  • TraderSmarts
    Posted at 15:10h, 15 October Reply

    Great webinar so far FT71 thanks! Just had a thought about the DOM. One thing you could do instead of or in addition to doing DOM explanation live in a webinar is use Camtasia, or something similar, to record your screen live while trading (with your commentary) and then post the video here as a blog post about the DOM.

  • Jim
    Posted at 17:34h, 15 October Reply

    Good Webinar Trader. I forgot to ask if this method is being used successfully on other instruments besides futures.
    Jim

  • bullballs02
    Posted at 17:49h, 15 October Reply

    Great job today FT. Very helpful and informative.

    Thanks!

  • writersblock
    Posted at 18:13h, 15 October Reply

    Thank you for the excellent webinar. I enjoyed it, very much, and I learned a lot. You make it easy to understand, or at least for me to think I understand it! LOL In a similar vein to Jim's question, could this method be used on high beta stocks if you traded them along side the movement of ES?

  • FuturesTrader71
    Posted at 18:41h, 15 October Reply

    @TraderSmarts: I have done that before but I won't do it again. My trading machine has very little on it. It is a clean box that only has my trading software on it. I am not able to risk having an application as intense as Camtasia running while I trade. I will check with the techs and see what they say.

    @Jim: I don't really know. I use it on futures, but it might apply to more liquid assets. Sounds like you have some homework to do…. 🙂

  • fiki
    Posted at 22:20h, 15 October Reply

    I just want to thank you for a really great webinar. Coming from Europe (Sweden) it´s not easy learning the game. Over here it´s mostly RSI and MA crosses. I haven´t ever seen a Swedish platform that offers volume-by-price.
    So I´m always looking for pieces of the puzzel online. But there is a lot of "disinformation" from non-professinal traders and people just trying to sell a concept or brookers trying to make you trade for the commissions. There have been a few goodies, people like Linda Raschke and Jack Broz, but I have to say you present the whole package. And you really know how to explain it in "easy" way. You sharing your insights for free makes it just that more creditable. Still, I wish I could repay it somhow. I don´t like free lunches :D.

    Thanks again.

  • Jedi
    Posted at 01:16h, 16 October Reply

    Really enjoyed your webinar today. You have obviously worked hard at understanding the market, and I appreciate your willingness to share that knowledge. Interesting that one of the most important messages is: Make a plan, Trade that plan, Journal your trades, Grade you trades, Refine your plan, and repeat. MTJGR – and then ptk. Thank you!

  • Jennifer Albright
    Posted at 09:26h, 17 October Reply

    Great webinar FT71. Learned a lot. Thank you.

  • Majik
    Posted at 14:06h, 17 October Reply

    FT71,
    Much thanks for putting on this presentation, as well as the recording of it.

    Much to see, much to hear, much to learn, much to absorb from the how each individual trader perceives the markets, what they're looking for and how they go about exersizing their trades.

    Your commentary along with the visual was A1 as well.

    I'm looking forward to you (time permitting) doing this more often in the future.

    *Slightly off topic – I just watched a movie called Seven Pounds last night starring Will Smith. It has absolutely nothing to do with trading, but the theme throughout the movie – of giving to others slightly projects what you are doing here.

    Great job FT71!

    Peace-

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