Episode 5 - Execution with FuturesTrader71

In this episode of our new series of "mini-sodes", Ian is joined by Morad Askar a.k.a FuturesTrader71 (FT71) to discuss actionable approaches to execution based on personal experience, and the many errors we have come to learn from.

We discuss the following key topics:

• Patience: Fighting the urge to participate and waiting for solid risk-reward setups. Avoiding getting caught up in the "tape" and letting the market show its hand before stepping in
• Entering Trades: How much information is too much before we act? How do we frame information in a way that reduces our risk?
• Exiting Trades: Our risk-reward performance is incredibly key in trading. The best way to make it play to our advantage is to let winners run while trapping losses within a reasonable stop and quickly moving on. We also discuss the frustration with watching a winning trade turn around and become a stop-out or loss
• Overtrading and Overthinking our process: The time to plan and do homework is best used before or after the market. Are we coming in with a plan? If not, then we are probably over-analyzing/over-thinking and so our execution likely suffers.
• Errors - the bully that takes our lunch money every day: Professionals understand their weaknesses and can immediately detect an error. Not tracking errors leaves us with little to focus on to see clear improvements. 

We are excited about this series and look forward to your questions and comments. Please like our podcast so others can find out about it.