Does the Strat Work for Futures? (My experience and Q&A)

0:07 All right, we're live. Cool. Uh we'll give it about 5 minutes. Hopefully, it's not too loud because they want to do yard work on July 4th, so as always for those that are watching the replay, you can just skip to um skip about the 4 to 5 minutes ahead. I'll put it in the little chapters so you can just hit when the session starts. And we'll go from there. If you guys can hear me, let me know and put it in the chat.

1:00 Sweet. Morning, Brown. Morning Mike. Let's also also can't speak today, apparently. Let's also share my screen and let me know if you can see my screen. Morning Much. Whoever was trading today, which hopefully you weren't to get a day off. Nice move down from open. Oh, yeah. Looks like everything got obliterated.

1:46 YM with a casual 150 point dump. Nice. I want to consider this a retracement setup. I would want this candle to be more of a bigger candle down than the second one in the slow move down. I'm not going to take this live, but I'll just see how it pans out cuz it doesn't meet the entire criteria that I would prefer. We'll see. Let's set an alert there. That'll be my entry. And then my stop loss would be here.

2:31 Let's see which one hits first. Let's do above that. Or not which one hits first. Let's see if it hits take profit first or not. PMG on the hour on ES or YM. I just saw the chat. Oh yeah definitely. Not the cleanest PMG that I prefer, but definitely a PMG nonetheless. All those buyers got killed. Yeah, on ES to me this is the cleaner one, but yeah, everybody got killed there for the PMG.

3:21 For those who don't know what a PMG is, let's find out as we wait for the for 3 minutes and let the last other people come in. Let me bring up my cheat sheet. One moment. All right. So, pivot machine gun is pretty much yes, it could be bearish or bullish, really doesn't matter. So like a set s- a pretty much one candle wipes out a bunch of candles in quick submission or succession, I think what the word would be. So on ES as we can see here, we have all

4:06 these small candles and then this big candle just wiped all of them out in one shot. Same thing for YM. Killed everybody on these candles in that one candle. Let's check RTY. RTY is not doing much today, which is great because what's it look like for Friday?

4:57 Mhm. Failed to up. We'll see. All right, we'll start in a minute. For those who are in here, if you can hit the like button so we can get the likes up so the algorithm can send it to some more people. That would be fantastic.

5:43 No, that bring me to this creator studio. That's not the link. All right, let's post this link and then we will officially start. There we go. Brown beat me to it. Thank you, sir. All right. Uh as always, my name is Admin. I am not a financial advisor. Anything you guys see in this video or any of my content is not financial advice. So, with that being said, let's start. So, pretty much today all we're really going to be going over is like, you know, does the strat work futures?

6:29 Uh which is a question that I've received a lot. And I decided, all right, let me officially answer the question. So, for the last 3 weeks or so, I've been trading only strat setups for futures. When I used to trade strat for futures, I use it in conjunction with Fibonacci retracements that Trust taught me. Uh but for people who don't have access to his course or who don't have it, I want to give a more unbiased um you know, answer to the question. So, short answer, does the strat work futures? Absolutely, it does. Now, let me get my mouse. So, what I've noticed personally for futures or the

7:15 strat with futures is the higher time frames tend to work a lot better than the lower ones. Um just because, you know, direction is usually clear and depending what you're trading, like if it's NQ, those pullbacks and those wicks can be pretty deadly. And the thing with the strat is, you know, depending how or where your stop loss is, uh let's bring up NQ as an example. That's not what I want. There we go. So, let's bring up NQ as an example. And let's just say, for the sake of the conversation, let's go on the 15-minute time frame.

8:03 And I'll give you I'll give you two examples on what I mean. Let's say, for the sake of the conversation, you're more of a stop-loss strat user like me in the sense of that I like to use a trigger candle as my stop-loss. So, let's say if I get in on this hammer two up, my entry's going to be here, my target's whatever it's going to be. But, let's just say that I have my stop-loss right under the candle right here right? Let's say that's a 7.5 point stop. Uh, NQ is 20 points per point, or $20 per point. So, it'll be 150 150 bucks, more or less, that you would lose on that trade if it went against you. Usually, when I'm trading options, my stop-loss is either under the trigger

8:48 candle or halfway through the setup candle, which will be like here. So, if I were to use the setup candle, 50% of that as my stop-loss, then, you know, my as you can see, my stop-loss increases. So, this would be $240 loss on NQ if I were to take this. And in some cases, some people use the entire setup candle as their stop, so like all the way down here. Morning, 506. Thanks for joining us. So, in this example, you know, we have a 24-point stop-loss, which is about 480 bucks that you would take as an L if you were to use that as your stop-loss for for futures. So, for me, um,

9:35 in the last I think I traded what? In the 20 in the 3 weeks, it was like 14 13 to 15 days uh when I traded strat and I ended red 4 days out of the 13 14 days that I traded strat and futures. Um so, the probability is there. The only thing is that you have to be very very very specific on the specific setups you take. For example, uh actionable signals is what I usually tend to gravitate towards when I'm trading the strat for futures or like you know like inside bar setups, things like that. Um if I'm going to take a trade off a lower time frame, I would be more willing to take something like this where the stop

10:21 loss is a little tighter than let's say let's say if I take like this 312 up. In this case, if you're using the trigger or the setup candle or sorry, the trigger candle, your stop loss is pretty wide at 42 points. To me, that's a lot. I would not take that trade. I would leave it alone. But, you know, you could always use 50% of the previous candle. And let's just say, you know, the previous candle being this inside bar and my blue line is the 50. So, if I get in here and then my stop loss could be here. 24 points, it's a lot better obviously than the 40 something points from the trigger candle.

11:07 Um but again, you know, you have to be relatively picky on the trades that you take. Uh generally, what I've been trading is RTY, which is Russell 2000 futures. So, a trade that I took I didn't take anything yesterday. Um but I did take a trade on uh what day was that? Tuesday? Yeah, on Tuesday. So, I took this uh 312 up. In this case, obviously, it's, you know, our strat target is all the way up here, like 22, like, I think, you know, 20, 23 points etc. The ATR of RTY is about 33 uh 33 points. I'm personally not going to hold that entire move. I'm probably

11:53 going to take profit every three to four points that it goes in my favor, which is what I did on uh Tuesday. So, once I got in on that 312 up, I took profit at about three points in my favor, which was right here. It did end up going uh almost seven points, which would have been lovely, but again, I like to take profit every three or four points in my favor for RTY. That's just what I uh prefer personally. Of course, you can make it your own, whatever you prefer. And then my stop loss was um halfway through the inside bar. Now, of course, if you use like M2K, the micro, you can, you know, half your size, and then, you know, you can up

12:38 your loss to, let's say, this entire one bar candle, which is almost seven points. So, um yeah, that's what I would prefer or what I was doing. And Brown asked, "What have you been trading and what time frame?" Oh, yeah, yeah. So, yeah, pretty much RTY, that's what I've been trading, just because it's it's a lot less volatile than like NQ, you know, ES, stuff like that. Um even YM to me would be way better than NQ, cuz like, while of course, your stop loss is going to be wider, um you know, the amount dollar-wise loss won't be as much as NQ. And NQ likes to whip back and forth very violently sometimes, so keep that in mind.

13:25 Um one thing that I would say is that I kind of treat this the same way I would for options. So, in this case for RTY, we gapped up uh, yesterday. So, instead of triggering right at the 312 up, it, uh, triggered about two two points in change above the trigger. Granted, if you want to take that slippage, that's fine. You can do that. Um, I personally prefer to get the setups on the 4-hour time frames when they're going to like, you know, when they open inside and then it triggers us in. Which, of course, isn't that often. So, you may not have a trade every day, but again, that's fine. You know, we're we want to take the better quality trades,

14:10 not just be trading every day just because. Um, in this case for, uh, what was it? Wednesday? Yeah, yesterday on Wednesday, um, if it did gap up, I treated the same way as I do for options. I just wait for a TTO, which in this case for RTY never came. It, uh, gapped up, went up a a few a good amount of points, and then it died back down, and then it came back up. Sure, you know, let me actually mark this off so we can follow a little closer together. So, let's say, uh, we went long here. So, this is our long above level. Let's go to the lower time frames. So, it gapped up, opened up here, came

14:58 up, came back to entry. And, yeah, you could have entered in once it came back to the actual entry. Me, personally, if it comes back to entry, especially off an in force trade, I'm going to just going to leave it alone because it's no longer in force. Granted, in this example, you know, uh, you could have bought it when it came back to entry and then it went up and hit a couple of points. Uh for RTY, for those who don't know, every point is 50 bucks, similar to ES. But there's 10 ticks in one point. So, it's $10 a tick. But yeah, for me, if it comes back to entry after it gaps up, I'm not going to get in

15:44 personally because well, the times that I have done that, it the candle has a chance to become a a three bar to the downside. In this case, it would it went three three one two up, but if it comes back to entry and keeps on going down, it could turn into a three down, which I'm good on. So, yeah, uh pretty much the four-hour time frame is where I would take my original entry. If I am if I miss that, I'll probably go on the five or 15-minute to look for like an actionable signal or a TTO. Um you can use like the 30-minute or one hour if you want to as well. Uh but again, you know, be picky of your setups. You don't want to take uh let's say

16:31 Uh let's see. Let's say like this two down two up. I'm probably not going to take this trade because the stop loss is pretty wide. Yeah, it's not too much on RTY. It's like five points, 250 bucks. But um Let's see this one. Yeah, I want a similar. Again, it really depends what you prefer. In this case, this uh two one one two down, the stop loss is only two like almost 2.2 points. I would take that trade to the downside personally. Um I'll probably limit my loss like three to four points on RTY trade if I'm taking the lower time frames.

17:17 How often do you get in a trade and it reverses? This freaking heart is like in the way. I can't see the chat fully. How often do you get in a trade and I'm assuming that you said and it reverses and you lose. Um again, it depends. Um I'm not sure when you got in here for, but I took about uh what 13 to 15 trading days and I lost four days when I traded um strat for futures. Um again, I would say probability-wise, if you wanted a percentage, I would say what, 70 70-80% of the time I win my strat trades and 20% it goes against me and it loses.

18:05 What I would definitely advise against, actually, let me not say advise since I'm not here to give advice. I'm just here to give my experience. In my experiences, I would If I'm new to the strat and trading futures, I wouldn't shy away from the lower time frames because if you don't even know about the strat, you're probably going to be going against time continuity. And you don't want that. Yeah, Brown. Uh generally just the 4-hour triggers because I want to focus on trading like YM the way I do a little more aggressively, so I don't really want to baby sit the trade. Um but generally the 4-hour, 5-minute, 15-minute, 30-minute, 1-hour are definitely valid to use. Um you just have to be more picky on the

18:52 specific trade you take under the 4-hour and even for the 4-hour, too. Uh Mike, if you're still in here, he's pretty much just been trading strat um for futures. You can give your experience and what time frames you prefer that you take the trades on. How do you expect How long do you expect to be in a trade when using the 4-hour chart? Well, if I'm if I'm getting in on a 4-hour time frame, I'm expecting the trade to take 4 hours to pan out. Granted, that's usually not the case almost all the time. Um I'll give Nvidia as an example for yesterday. I got in long at about 10:44

19:39 Eastern and it hit Uh it hit the the first two targets in about what? 20, 30 minutes? Yeah, I got in here. Yeah, 15 minutes. It hit three targets that I mapped out on the 4-hour. So, it depends. Sometimes it goes super quick as we got here in Nvidia on uh yesterday. Sometimes it'll take a little longer. It really depends how strong the buyers and sellers are that day and if there's any like, you know, news to propel it or um you know, stuff like that. Uh but generally even off a 4-hour trigger, I'm probably going to be out within an hour, probably even less than that if it hits my um target sooner. Also, whoever got into this chat a

20:25 little later and you haven't hit the like button, please do. Uh so yeah, so like for Mike, he says that his most used time frame is the 4-hour, the 30-minute and the 15-minute depending on the setups that he takes. I think he prefers like the the two-one setups and three-one setups from when we spoke. Um I think you said like the the continuations you don't really trade, right, Mike? You like you like you leave them alone?

21:12 I'll let you type that out. So, yeah. Overall, um yeah. So, yeah, like Mike mentioned, he prefers like the 2 1 setups and the 3 3 1 setups, stuff like that. Um and like actionable signals. But, yeah. All of that said, the strat definitely does work. What I would definitely do uh for those who may want to trade the strat for futures, um you can back test like a whole month or so. I had a I had a student do this for strat trades since he trades ES. I don't trade ES. So, I had him go back, I think it was like 2 weeks to to a month and check only the 4-hour time frame and all the trades that he would have taken the way I guided him to.

21:58 And this is what he told me. Give me a sec. Let me bring this up. All right. So, stats for June based on a 40-tick or 10-point loss on ES, um it looks like it's like 10 points uh hitting target or stopping out. So, a 1 1 risk reward. So, this was for June. 19 trading days, 10 of them would have been wins, three would have been losses, and six would have been no trades.

22:44 Um you would have ended $5,000 positive and roughly $980 negative, so that would be a net uh $4,020 just trading one contract of ES using the 4-hour time frame with a 10 um 10 uh take profit or stop loss on either side. So, 1:1 risk reward ratio. Again, with one ES contract. Taking the trade specifically when there's no gap up or down. So, it's like when it triggers you in, when it opens up inside on the 4-hour and then it triggers you in, that those are the results. So, definitely does work. Um One thing that I did like that he also mentioned is that there were 6 days of

23:30 no trades, meaning there were 6 days of like gap up and down where we wouldn't have even entered because it didn't meet meet our criteria to get into the trade. So, you want to be pretty um you want to be pretty again picky with the way you get into these trades strat-wise. Hey, Lauren. Thanks for being here. Would you recommend setting a 10-point stop loss like that guy instead of using the candle for stops? Again, for that really that's up to you. I leave that up to the individual. Whatever your risk tolerance is. For him, a 10-point stop loss would be um in his risk tolerance. Uh so, brown 5K would be just for the

24:17 month of June that he backtested ES using the 4-hour time frame on the strat. Um so, it was 10 winning days, three losing days, and 6 days of no trades at all with a 10-point um take profit and stop loss. So, a 1:1 risk reward each trade. And he you would have made $5,000 um and then you would have lost $980 on the losing days. And you would have came out profitable with $4,020 minus of course the commission and fees. Cool. Uh that's pretty much all I have. If you guys have any questions, I'll answer them. Actually, while you are typing your questions, one thing that I want to note is when it comes to risk reward, just

25:03 like a little monologue that I want to go on as you guys type in your question before we wrap up. Um as long as the profitability is there percentage-wise, it doesn't matter if you have a one-to-one risk reward um or like a 1.2 or whatever cuz like I used to be there. I used to say the same thing, so I'll take accountability for that. But I hear like a lot of like uh you know, these like trading influencer people like you need to take a trade like minimum two risk reward or three risk reward. That way, you know, two winning a one winning trade will like make up for two losing trades, but it's like realistically if the probability is there, then

25:49 it doesn't matter because you're going to lose trades anyway. And I've and I've come across people who they'll go for two to one minimum, but they'll be losing a lot of trades. So if you take 10 trades and you lose six because you want two to one risk reward and then you win the other four, you would barely come out in the green as opposed to if you just did a one-to-one risk reward. Of course, you know, you can mess around with the risk reward based on the setup and the average take profit and stop loss and stuff like that. So um you know, experiment, see what works for you, and then go from there. Can you explain for us newbies the price

26:34 correlation between ES and Spy? Um this is not really a class for that, but the most that I can say for that is I don't have that answer. I don't know how many points ES equals to $1 of Spy. You'll just have to compare the charts and then see what you come up with. I've never done that calculation. The only thing that I would say is the correlation between ES and spy, they're the exact same thing. ES is the future is the S&P 500 futures. So, the exact same thing that ES is going to do, the same thing that spy is going to do. I know people who don't even trade the spy chart, they just trade the the ES chart because it's the same thing. And ES will be like a tiny bit faster

27:22 from what I remember anyway than like spy because spy gets its data from um Oh, yeah, there you go. Yeah, Brown said, "Grab the ES, SPX, or spy indicator on TradingView. It does it for you." There you go, there's your answer. Mooch asked, "What kind of capital do you need to day trade futures?" Great question. Let's go over it. Uh ch- ch- ch- Let's bring the comparison indicator to be specific that Brown mentioned. Uh let's see, margin requirements. So, to answer your question, Mooch, it depends on the broker that you use.

28:09 So, if we're using thinkorswim, this is the only thing that I don't like about Schwab {slash} T- when it used to be TDA, well, before they acquired TDA cuz they did the same thing for thinkorswim. Um you need a lot of money or or a lot of initial margin to trade futures. They're very They're not lenient in the slightest when it comes to future trading. They don't want just anyone trading futures on their platform. So, for YM, we can see that to trade one contract, you need to have $13,398 in your account for one contract. That's pretty steep. Now, Tradevate, which is what I prefer to use, uh for one YM contract, it's only 500 bucks.

28:56 To to day to trade um you know, when the market is open. If you're going to hold the trade overnight, which will be from like 5:00 p.m. to 6:00 p.m., you need to have the initial margin in your account, which will be $9,680. But, if you're just going to be day trading, you you just need 500 bucks. What I would say, generally it's recommended that you have two to three times the amount for how much you're going to be trading. So, if you're going to trade one contract, have at least 1,000 to 1,500 in there just to account for, you know, the fluctuations in your position. Because if you put $500, and then you buy the one contract, and then you go negative like under 500, more than likely the

29:41 broker is going to auto liquidate your position because you don't have the margin to cover the trade anymore. So, you want to have at least two to three times the amount in the account with how many contracts you're going to be trading. Um Now, uh the capital that you need, again, it could be as little as let's say 1,000 to as little as 200 if you want to trade like the micros. So, if you want to trade micro ES, you just need 50 bucks. So, you could put in $100 or 200 bucks and start trading it that way. And go from there.

30:33 So, if you don't have the 9680 in your account and try to go overnight, uh more than likely they will margin call you or um they'll just auto automatically close your position for you at like right before the market closes officially. As another reminder, we got 18 people in here and nine likes. Whoever hasn't hit the like button, hit hit the like button, little thumbs up icon. Yeah, or they'll or they'll close your account. Uh WeBull recently offered futures. Do you know anything about them?

31:19 Uh yes, I have I use WeBull pretty much like the last I stopped using I think like last year when I went over to like TOS almost exclusively. Um but I use WeBull pretty much from like 2020 all the way to like 2023 from last year. They're great. I haven't traded futures with them since again I just use Trade O Vape. Um I can't really tell you on the process. I think you just you have to apply for futures on uh WeBull. I think their margin rates are are closer to TradeStation. So let's say Trade O Vape is 500 bucks for let's say a regular mini contract, let's say like ES.

32:05 Where is this? Uh So ES 500 bucks on Trade O Vape, I think uh for WeBull it's like 2,000 that you need for one contract. Um so I can't say how it is trading futures on WeBull since I've never done it before. I'll I'll probably apply and then see if I can maybe paper trade it to give you guys a better answer in the future. Um but yeah. I would personally say in my opinion I personally like Tradeovate just because the

32:51 you know, like the types of trades and orders or not the the type of trades, but the margin requirements obviously are lower. But what I love the most is the ATM or the bracket settings. So I can literally just code the trade to automate itself, honestly, once I input the trade. So let's say for the sake of the conversation, let's say I put an order in for this retracement setup right here. So I have the retracement ATM set. So I'll set I'll set the order. I could literally just walk away and the order will do its own thing. My stop loss is set, my take profit is set. And also for my settings, once it goes 20 points in my favor, it it auto breaks even the

33:38 trade, so it automatically moves my stop loss to entry plus five points. So if it goes, let's say 25 points for me and then it comes against me, it'll stop me out at at a five-point gain. So the trade is pretty much fully automated. Um and then every 10 points after it hits uh 20 points, it moves my stop loss 10 points by itself. So um when it hits 30 points in profit, it'll move my stop loss 10 points um up until either my max take profit hits at 50 points or if it pulls back and then it takes me out either 15 points or 25 points or 35 points in profit, either one. So I don't even need to babysit the trade. I I could literally just put this

34:24 and go about my business. Granted, the market's going to close, I think like in the next hour. So I have to like close the trade if it doesn't fill and then when the market reopens I could just put this trade back and then I could just walk away and go do something else until the alert goes off. Wait, how did you place that order without it triggering? Well, this is just a sell limit brown. It's not like um it's not um like a buy or a market sell. So, I'm just uh doing a limit sell. Do you have a tutorial for the setting of future trades like the bracket orders? If it's like the bracket orders, yes, I do. It's in

35:10 uh hold on. Let me bring this up. So, if you go to the YouTube channel, go to playlists and then if you go to uh what do I have? Trainings and walkthroughs. And if you go to uh how to set how to set up and use a Tradeovate platform, that's if you want to learn how to use Tradeovate. Um the video that you would look for for the ATM or bracket settings is understanding and setting up ATM settings on Tradeovate. I pretty much go through um I pretty much go through setting up the ATM settings and like, you know, the

35:56 different options that you have. And you can like customize this like really in-depth, which I love. So, let's say for example um there's a specific setup that I'll use sometimes where I have three targets for YM, right? So, uh well, first you have to have three contracts on. So, as you can see, my stop loss is the same, this this price that comes up up here. And then I have three different targets that come up on screen, as we can see there. So, I'll set the trade and then my settings on this is super cool. So, or is this the old one? I got to double check.

36:44 Oh, no, no. Whoops. Not this one. I think it's this one that I updated for two. Let me see. Yep, there we go. This is the one. So, let's cancel that. Let's go back to two. So, in this specific one, I have my stop loss set for both contracts at $15 loss or 15-point loss. My first contract is going to automatically get trimmed at 15 points. And then once the entire trade hits 20 points in profit for my second contract that I have left, it's going to move my stop loss to break even plus five points.

37:32 And then it's it's going to move my stop up every five points um for every five points that it moves in my favor until I until it's my max target at 30 points for this specific setup. So, this entire trade is automated. I don't have to do anything once I input the trade. So, you can customize this and you can go pretty in-depth with the different customizing customize customization options that they have. I think that's the correct phrase. Can we paper trade through Tradeovate? Yes, you can. I think they give you a month for free. And then you have to pay for the data. Or like it's like a trial or something that they give you. I I I probably used

38:18 to start trading used I I using Tradeovate maybe like almost two years, a year and a half to 2 years ago. So, I think when you get like your first you know, you open the account, they give you like a three uh a uh free 30-day period where they um don't charge you any Well, not they don't charge you fees, but they don't charge you for like any market data, and you can paper trade for free. But, after that expires, then you have to pay like you know, for the data and stuff like that. Um can you connect Tradeovate to TradingView? Yes, you can definitely connect um TradingView to Tradeovate. So, if you go to the trading panel, Tradeovate is right there.

39:05 You can also connect WeBull, which is interesting. I think you could just you can just trade shares. I heard you can trade options. I haven't tried since I don't have my account with WeBull anymore. Um but um yeah, Tradeovate's there, Trade Station's there, and probably some other ones. What is the risk of trading on a funded prop firm account? Um the risk is building bad habits, and you lose the money that you paid for the evaluation. Uh to me, there is a lot of benefits to trading a prop firm, um but the thing that I see that people develop bad habit-wise when it comes to

39:51 um prop firms is that they like to over-leverage because um because the broker will give them a lot of leeway. Or not the broker, the prop firm. So, let's say um Hold on, let me bring this up. Uh Apex. So, let's say on Apex, right? Uh let's say for the 100K account they let you trade 14 minis or 140 micros. I'm not trading 14 minis, period. The most that I've ever done, even on my 100K account, I use three YM maximum, and that's for very specific setups.

40:36 Usually, I'm just trading a one or two YM depending on the setup, and rarely three the three if if that setup appears. So, even though they give you um these big amounts of contracts, I'm not going to trade that. The way mentally you can think about this is if the loss is, let's say in this case, 3,000 for the 100K account, you can imagine that you have a $3,000 account. Are you going to trade 14 minis on a on a $3,000 account? Absolutely not. Actually, let's do math real quick. Let's see what that would be. 14 NQ with one point. Let's see. 14 * 20 That's $280 a point

41:24 on NQ. So, that's 3,000. So, you're Actually, that my math is wrong. 3,000 / 280 You are 10 and 1/2 points from blowing your account if you use 14 contracts on a 100K account with NQ. And 10 points pretty much one candle. So, you're either going to pass the account in a candle or you're going to fail it in one candle. So, you don't want to do that. Yeah, Bonita mentioned uh NinjaTrader. NinjaTrader is great as well. They have a robust and like really um complex in a good way that lets you customize your bracket orders and stuff like that. So, another good uh trading platform. If you use a Mac a MacBook computer or like Apple computer,

42:10 um you have to use like a virtual machine to use NinjaTrader. Um, I'm lazy to do that, so I just use Tradeovate. Um. Now that I of course have my Windows desktop back down here with me in Florida, of course I can get NinjaTrader, but I'm not going to bother because I already know how to use Tradeovate and I'm lazy to put money in NinjaTrader. Um, but yeah. Um, any other questions that you guys have? Yeah, I think the NinjaTrader people bought out Tradeovate. Or maybe it was in reverse. One of those two. No, I think NinjaTrader people bought or Rithmic bought um, Tradeovate if I

42:56 recall correctly. Actually, I think Apex bought Rithmic and then they bought Tradeovate. I could be very wrong with that. I remember reading that somewhere. But yeah, like War mentioned, same developers. Can I show an example of a TTO setup? Um, hm. Do I want to show an example of a TTO even though I have three videos on my YouTube? Sure. Actually, let's go on a new video.

43:49 Uh. This is not the cleanest version. Let me see if I can find a cleaner version. There we go. So, here we have SPY on the 15-minute timeframe. This is a pretty clean TTO in my opinion. We get the push up. Oh, whoops. That's not what I want. We get the push up. Then we get the push back down, and then we get the move back up. So, this uh 3112 you would take right there. I would go long right there. My stop loss would be right under there. So, this trade will look something like this.

44:36 Going long there. Stop loss would be there. And then you can look to the left for targets. So, target one would be That's not what I want. Target one would be there. Target two would be uh like here, and then you know, you can go to the left and so on and so forth. Well, we're at we're at all-time highs. There's no more previous highs to the target. In this case, what I would just do is uh take profit like every 50 to 75 cents in my favor. But yeah, there's a TTO for you. on SPY.

45:22 Your loss will be 67 cents. And at the peak, it hit about $2 gain if you had any runner positions. So, good stuff. If you want a more in-depth explanation and other examples, um in the strat playlist, I have a more TTO setups. If you're in the Discord, um Oh, hold on. If you're in the Discord or whatever Discord group that you're in that I support, um this is my group here, but I have a a section literally just for TTOs and a bunch of examples that I put in there from my own trades and stuff. So,

46:08 you can look in there as well. Uh so, you didn't go back to the 4-hour to the 4-hour for targets when you use the 15-minute for entry. Um you can use the 4-hour for additional targets if you want, but you know, if I'm on the 4-hour, the 4-hour target in this example would match up with that 15-minute target that we had back here. But if I'm on the 15-minute, I'm really just going to be basing my targets based on that timeframe. Of course, you can use the other timeframe, but what I'm not going to do personally, let's go on IWM.

46:53 Well, there's no TTO here, so I can't even give you that example. Yeah, I can't really use this as use that as an example, but generally, if I'm on the 15-minute, I'm not really going to bother going on the higher timeframes because I'm just going to base my targets off of this. Um let's say This is a TTO too, just not the one that I prefer. I like it to look more like a proper triangle as the other um example that I gave, but you know, we have everything pushing up and bullish. You can get the pullback, you could take Uh this looks like it went two up and then three down, but you can just get the If you got in here and you stopped out under this two hammer, you could

47:40 have taken the three two up instead. And then in this case, you know, target one or whoops, that's not a target. You know, one target, another target here. In this case, again, we're all-time highs, so there's no other targets to look at. You just take profit every 50-75 cents that it goes in your favor for spy. Can you show your setup on TOS and how you do stops, TPs like you do on Trade of eight, please? Um negative, I cannot because I can't do my take profit and stop loss how I do on Trade of eight on thinkorswim. I wish I could. That would be fantastic. Um but this is my setup on thinkorswim.

48:26 I have three charts. Futures here, whatever I'm trading options wise is on the on the right side and that's pretty much it. That's my setup. Thinkorswim does have brackets and stuff yeah. It's just uh it's just not as advanced as Trade of eight like with the auto break even and the auto trailing being in like one thing. Um which is a little annoying. I reached out to them because I do like just doing everything on thinkorswim, but it is what it is. So, when you have active trader up, your

49:12 template is going to have similar um like, you know, you can set brackets. So, if I want, let's say uh the trigger the trade triggers with a bracket, I would hit that and then let's say for RTY, uh I want let's just do five points and then let's do -5 points. And then, so this is my ATM or bracket order for once I get in, it's going to have a take profit of five points or a stop loss of 10 points. And then you can save the template. Shout out to Doc because I didn't even know this. And then you can just name it whatever you want. 5-point TP stop loss.

49:59 So then when you're going to put in a new trade, you don't need to type all that stuff in. You can just hit the template 5-point take profit stop loss and then you're good to go. That's it, you're done. Easy stuff. In terms of how to do your stops, is it all manual? Well, usually when I'm trading options, I just market buy and market sell because I'm only trading one thing, so I can manage it more effectively. Um Otherwise, yeah, you can do you can do like a bracket order if you want. So like when you get in the trade, you can go back to the position. Um Let's see.

50:55 So what you can do if you want, I don't do this because it's too slow, but uh let's get rid of all this. Let's delete this. So you can just let's say you want to do a bracket order for an option, you can just right click buy custom. You're going to buy the contract with OCO bracket. And then you can set your take profit and stop loss and then your entry all at the same time. But that's too time-consuming, so I just market buy. And if I don't want to baby sit it, then I'll go back into it, right click on it, and then set the OCO bracket order like a take profit and stop loss. But usually I'm just buying market and when it's my target, I'm buying I'm selling market.

51:40 Since I'm I'm actively um looking at it. But But you can't actively look on it, once you get into the trade, then you go back into it, modify um and add the OCO brackets and stuff like that. Cool. All right, any last questions before we wrap up?

52:35 Okay, I just saw your question. I forgot to respond to it. Uh do I notice any difference using TradingView desktop versus web version, like lag? Um sometimes I like I haven't used TradingView to actively trade in a while. I only use TradingView when I'm teaching you guys or I have um like these videos. Um I just use thinkorswim. When I did used to use Trade of eight, I mean uh TradingView, like either the web browser or the desktop version, I would get lag here and there, um especially when I'm inputting trades, which is why I like kind of moved away from placing trades on TradingView.

53:20 Um but I would say I know both would lag here and there, but I haven't used the web version in a really long time. I just use the desktop version personally. Definitely will, Brown. I'll give us some more feedback or some you know, more data as I continue doing it for the next month or two. All right, any last questions before we wrap up? I got a whole bunch of nothing to do today.

54:08 Absolutely, much thanks for coming by. Well, sounds like there isn't anything else. Oh, are you doing this on a personal account or you got a prop account? Uh for RTY, I'm doing this on the prop account. For the strat. Oh, yeah, which blade, my bad. I forgot to answer your question. Tradeovate does have mobile. Um I personally specifically, what I would say this which blade, um it's very rare that I would place a trade on mobile for Tradeovate. Um because I can't like I'm limited to my

54:53 ATM settings. Like they don't have it as, you know, expansive as I have um like here, like with all my ATM settings pre-filled. They just have like take profit and stop loss and like auto break even, but they don't like I can't even put a auto trail on mobile as far as I know. It's just like very Not to say it's bare-bones, but the more like advanced options that I want for my ATM and bracket orders are not available on mobile from what I've seen. I could be wrong, but in my experience. Yeah, and like and like Brown mentioned it, it's it's pretty like flimsy and clumsy. Um you know, if you want to trade futures, you want to trade on a computer because if you do something wrong

55:40 it can be challenging to get out of the trade really quickly. I'll tell you that from experience. And you never ever want to use the um browser version of Tradeovate on your phone. Granted, I was using a prop firm for this and not my own account, thankfully. But as I was inputting the trade, it opened up a go like the trade that I was inputting that I didn't even hit send, it opened up that trade. I didn't even I didn't even execute the trade. I was still modifying the stop loss and take profit and it opened up the thing. The trade. And then um unknowingly, Apex was like, "Oh, well, you know, because of user error, we

56:25 can't give you this money back that you lost in this trade." I'm like, "Bro, I didn't even open the trade." They're like, "Well, you know, the app is glitchy or the the browser's glitchy on mobile, so you want to use the computer." I'm like, "So you're admitting that the app is glitchy, but it's my fault that the trade opened by itself. Like make it make sense." Needless to say, they never gave me the the money for that trade back, which is annoying, but it is what it is. That was my fault for trying to place a trade on mobile or the browser instead of my computer trying to experiment. Yeah, definitely lesson learned. Um Yeah, don't trade futures in bed. I'll tell you that.

57:14 Um but yeah, you mainly want to trade futures on your on your um on the computer. I know some people who just trade it on their phone because, you know, due to the the nature of their work, they can't use a computer. They make it work for them. Uh but they're they're very very picky on the trades that they do take and they get and they have time to input the entire trade. Since you use your ATM brackets, your stops TPs are based off that and not strat candle entries exits. So remember, my ATM settings here are specifically designed for very specific setups that I take. For strat, I'm not going to be doing

57:59 like specific ATM settings because it's always different every trade. You know, um Hey, thanks Bonita. Appreciate Appreciate you for dropping by. Enjoy Enjoy your day as well. So let's say for RTY right? Um this one is what? 20 and 20? So what I'll do is I'll get into the trade. Let's say for the sake of the conversation, uh let's say it's the 1-hour time frame and I'm going to get in a short down here. I'll just do like a stop order and then I'll just quickly just move my brackets on screen

58:44 to whatever the targets may be. So if the strat the next strat target is down there, as we can see right there, I'll just move my my uh bracket order immediately accordingly cuz I don't have time to set a bracket order specifically designed for that strat setup because it's going to be so different every single time. So I'll just put like, you know, the sell stop if I'm going to go short. Cool, the first target is going to be there. The stop loss is going to be halfway to the candle or whatever the stop loss is and then that's it. I just wait until it triggers me in and then adjust it accordingly. Um if you use Weble, you can drag the the bracket like you can do bracket orders on options and you can do that on

59:31 thinkorswim as well. The only thing for thinkorswim is that let's say if you're using a setup like this bringing not green, bringing blue. Let's say if I'm in this Nvidia call. Um if I recall correctly, I think they updated it. Um where like let's say you get in a call here. Actually, let's see something. Let's buy custom. Uh our stop is going to be let's say one. Yeah, let's actually I don't I don't think this would work since the market's closed, but let's try.

1:00:18 Oh, cool. So, your order would literally be here on the chart and you can just drag and drop it and then just adjust the trade to whatever you want. So, you can do the same thing even for options and this works on thinkorswim as you can see that I'm doing now and on WeBull as well, you can do this exact same thing on the chart itself. The only thing though is that you need to have the the option contract chart up. You can't do this on the the the stock price cuz as you can see um it kind of mimics it where the price would be based on the stock price, but you still want to be looking at the contract um price for this

1:01:06 to get a better idea of what price you want to sell it at or whatever may be. So, as always, as my second mentor always told me, you You to learn your trading platform in and out. So, if you don't know about these features, definitely do your research. Because that one little thing that I just showed you guys right now can help a lot of you. I'll tell you that. All right. We've been here for an hour and 1 minute. Before we wrap up, what was everybody's biggest takeaway from today's session?

1:02:19 Everything. Nice. You can do okay with using the strat to trade futures. Absolutely, you can do very well trading the strat with future. You just have to be very picky. Um Hey Schmo, appreciate you for stopping by. Yeah, def- we'll have more lives. Um if you are new to the channel, Schmo, I have a trade recap every Friday at 7:00 p.m. Eastern. Um so, we can go over my trades, whatever trades you take, stuff like that. Um but yeah, the biggest thing um

1:03:04 when it comes to Thanks, Kia. I appreciate that. Um when it comes to trading strat and futures, you just want to be very picky on the trades that you take. You don't want to take every single one. Um so, you know, definitely back test, see which setups and time frames would might work better for you, and then from there paper trade for a while, um you know, practice, and then once you get good data that, you know, you're getting proper results, then go in live with your money or a proper account or whatever you want to do. Um because if you going live immediately, you start losing trades, you might get discouraged from even continuing because you're losing real money, and you know, you're creating that mental trauma. Well, your brain's like, "Whoa, I don't

1:03:50 like this." So, always paper trade, back test, and yeah, once you're ready, go live and enjoy yourself. Yeah, trading RTY's inside bars. And on Sundays, you'll get a really good move. Uh let's go back to RTY real quick, actually. So, uh what was Oh, it was this day. It was uh Tuesday. This day was like perfect.

1:04:35 So, we opened up before even triggered, which is like beautiful. And then we go short right here. Of course, you can use the 50% of the previous candle of like this Actually, let's get the exact measurements. Where's my fibs? All right, yep. All right, perfect. I'm already on I'm on the money. So, the stop here would be What's that? Six points, almost seven points, about three What is that? 340 bucks? Yeah, $340 loss. And so, we would have gotten in here as soon as it broke on this two one two down. It only went against you when it came back in about a point and change. That's like what? Almost like $80, $90 if that.

1:05:24 And then it hit first target at 4.30 or 4.3 points. You can use the bodies if you want to, whatever you prefer. Uh but the first target, wick-wise, 4.30 is $230 for the first target. It didn't hit the second target per se. It did hit the body of this candle but not the wick. But still, that's 12.2 points. That's uh $620 that you would have made on this trade on RTY. So that is why I I prefer when it triggers me in before it gaps up or down. And I would gladly wait. Like even on this day here, this two one two up and even this two one two down, it gap it gaped down and then this one

1:06:09 gaped up. So I wouldn't have even touched any of these days there. Um so you want to be relatively picky with the specific trades that you take. Or even here, like this uh two down, two up, two down off the shooter candle. It went against you by what? Seven points? That's 7. 30 and then it died about 20-something points. That's about a thousand and change for per contract. So you know, your stop loss can really depend um on your you know, whatever you're looking for. Three candles definitely take uh on the 4-hour time frame.

1:06:56 Uh Ro, the the micro for RTY is M2K. So micro uh Russell you know, micro Russell 2000. So M2K. If you also wrote if you go to the in my Discord in the educational center, if you go to futures guide, everything is laid out here like, you know, all the platforms, contracts etc. So, I need to become RTY's newest member, you say? Hey, Omari. You You live your best life. You know that I left NQ. I'm on with YM

1:07:42 now. If they ever add one of those volatile tech stocks to YM and it becomes like NQ, I'm I'm I'm 100% RTY forever. Um but yeah, RTY, definitely love it. Um usually with people that I work with and they're new to like trading, especially options, I have them like practice with IWM because it doesn't move as volatile as like spy or QQQ, stuff like that. And RTY is the futures of IWM for those who don't know. So, again, you know, the pullbacks aren't going to be as intense and it moves a little slower, so you can learn better and then, you know, see moves and stuff like that. How do we get on your Discord? Fantastic question, Which Blade. Let me post the link.

1:08:31 Give me a second here. Uh ch- All right, the link is in the Hold on, not yet. The link is in the chat that I just posted. It's also in the description of this video. So, if you click on like more to like expand the description, if you go to where it says join the Cerulean Trading Group below, you can click on my WAP link. Um and it'll give you the link to join the group. It's only $25 one-time payment to join. Um and you know, everything will be in there. So, when you get to the WAP page, it'll

1:09:17 be the uh trading group one, 25 bucks to join one time. Um it's not recurring. One thing that I will that I will remind everybody is that starting January my group is going to be recurring. So, whoever's not in the group and you get in after January you're going to be paying that subscription. So, whoever gets in prior, you'll be grandfathered in to the group forever for free. Cool. Well, it's going to say 147 because it's going to default. So, when you get on the page it's going to default to the options course. You have to select the

1:10:03 trading group. So, when you first get on the page, it's going to default to the to the trading course. You have to get this specific one. The course has the Discord group bundled into it as well. Also, PSA because I've been seeing this a lot whoever signs up for the Trader Circle coaching, the free group coaching through here when you get access uh let's see. When you get access, it's going to give you this link.

1:10:50 You can I think as a user that let yeah, let me preview as user. So, as a user, you're going to click on this link. It's going to take you to Calendly, which which from here you're going to sign up for the group coaching. Because if you just signed up or like just got access to the link from my WhatsApp, you're not signed up for the class. So, people like, "Hey, you know, when is the class? What's the time? What's this? What's that?" You have to click on the link to go to Calendly, then you would click on the next date, and then you would sign up, putting your information, X, Y, and Z. And the follow-up email that this once you schedule is going to send you another email with the Zoom link that we'll all be using.

1:11:36 So, if you're just getting in here and thinking you're going to be in the in the group call, you're not. You have to click on this link. The last thing that I will say is not to be mean or not to be a jerk, but reading is fundamental people. All the instructions are here. You must attend to get your questions answered cuz people will join and think they're going to get free game for nothing. You have to at least show up. At least give me that dignity for you to show up to get your questions answered cuz I'm not going to answer your question if you're not there. And like I mentioned, after clicking the link, the registration class link is going to

1:12:22 show up. Now, of course, if it doesn't work for you, just message me, email me, and then I'll send you the link directly. Or on most of the descriptions for my YouTube videos, um what is showing here? Hold on. Um under description, let's say like on my YouTube on this specific video and other ones, there's a link tree that I put in there. The link tree has the direct Calendly link to sign up for this. So, all that to say, reading is fundamental. Thank you for coming to my TED Talk, everybody. Any last biggest takeaway before you wrap up?

1:13:20 Does your Discord give live alerts? I do not give live alerts. I do not alert at all. The most that I do is give my watch list and the same trades you guys see on my watch list because people keep asking me, "Hey, Advent, can you alert when you get in?" I'm not doing that. Everything is here. This is the watch list. The exact price I'm getting in here, that's exactly or the price that you see here, that's when I'm getting in. On Nvidia for Friday, or not Friday, for yesterday, let's go back to Nvidia. Let's see what I have for Nvidia.

1:14:08 Long above 123.06. So, as we can see for Nvidia, it didn't break that high until 10:44. As soon as it broke that high, I market bought calls. That's the most I'm going to alert you guys because the way I teach and the way I like to handle my group is self-sufficiency. I'm here to build self-sufficient traders. Obviously, if I'm working with you, you know, I'll like we'll go step-by-step. But, I like to build self-sufficient

1:14:53 traders because my first mentor never taught me that, and that uh caused more damage than good for my trading journey. So, I want you guys to be self-sufficient. If I say I'm going long, I'm going to go long at that price. Period. So, and then like I always tell people, I'm getting in off those triggers. If it gaps up or down, I'm looking for a TTO. That's all I do. So, when people ask me to alert, I'm not going to alert anything because my exact process, I've told you guys millions of times. You just have to study and put in the time to understand it and grasp it. Obviously, if you don't get it, you we can you can book a session and we can go more in detail. But again, my entire process is there. I'm not going to alert anything because

1:15:40 every time I alert stuff, it distracts other people. And obviously, me being in a leadership role, people tend to stop what they're doing and look at what I'm doing. And I don't I don't like that. I like people to focus when they're trading. That's why my group is quiet compared to other groups. That's personally how I prefer it because that tells me everybody's focused on their charts and everybody's trading by themselves. So, the exact triggers you guys see on my watch list, that's what I'm doing. And as you already know, I'm doing it in the money or at the money contract. That's it. So, don't ask me what contract I'm getting into. Don't ask me when I'm getting into. Don't ask me to tell you when I'm getting in because the watch

1:16:26 list tells you when I'm getting in. Thanks for coming to my TED Talk. Appreciate you guys for listening. And also, just know that this is all out of love. This is not me being a mean or jerk or because I hate you guys. This is Vor, I'm not answering that question because you're going to have to dig through it through all my videos. Look at the Trader Circle videos. Sign up for the free group coaching if you want to ask specific questions like that because I'm not giving free game on the exact process as more than I've already done. So, the expiration date that I get, go through all the Trader Circle videos because

1:17:12 all I'll say this, my exact process and exactly how I trade is in is in my YouTube channel right now. Literally everything I do is in my YouTube channel. You just have to put in the work and view it and search for it. I don't really want to go off on a rant again about putting in the work and people being lazy and wanting to get their free lunch, but I'll keep it at that. My entire process is on my YouTube channel. You just have to dig for it. If not, you can book a session and pay for it because that's to be fair. I put thousands of hours into this and people want the answers free. So, at least be fair. At least for me, or if you want my exact answers and exact guidance, you can book a session.

1:17:58 Or you can go through all the videos. Cool. I'm going to stop talking now. Any last questions that don't involve my process and that don't involve um coaching stuff. Or any other big takeaways or the biggest thing that you learned in today's session. I'm going to label this chapter Advent goes on a rant. Oh man.

1:18:45 Love you guys. Again, it's all out of love. I just want you guys to succeed. But I also want you to put in the effort. Cuz when people ask me questions that I've gone over a multitude of times, I get a little annoyed. Me personally. Um not anything that you're doing, just me personally. Like I get a little annoyed because if you've watched all the content or or if you've put in the work, then again, it's all there. I don't trade yet, but I'm hyped to back test and learn. Shmo, how long have you been trading? Like did you just start? And what are you looking to trade?

1:19:31 Options stocks crypto forex futures etc. Let me make sure all my trades are closed on Trading 8. Last thing I need is to get an alert that a trade went off and then they fail my account. All right.

1:20:18 Hopefully it's not too delayed for you. But yeah, Shmo, um how long have you been trading and what are you looking to trade? I'll give another minute. If I don't see nothing in the chat, we'll call it here.

1:21:13 All right. Looks like there isn't anything else. Appreciate you guys for stopping by um and listening to me talk, as always. Um Oh, there we go. I bought in 2020. I have shares. I want to trade stocks and options. Well, if you're going to If you're going to be trading stocks and options, or I guess options really, cuz that's usually the next step. Um I'm not sure how much you know. Candlestick Bible is a pretty good basis. For strategy, just go over the strat material that I have on my channel here. Um You only have $20 in available trading funds. All right. This is what I would

1:21:59 recommend, not as a as a friend or as another human being. Um Paper trade as long as you can. And uh once you get consistent paper trading, as you I'm not sure how old you are, uh but, you know, work more if you need to. I would personally start an options account with 500 bucks and focus on IWM, 1 BTE in the money or at the money contracts and slowly build the account from there. Um but yeah. You want to Cuz 20 bucks is not going to get you anywhere, especially with options. Even with stocks. That's You're going to be there for like

1:22:45 years growing that to like $22. Um and well, to be fair, you can grow that pretty quickly with options, but you need to be very picky on your trades and with very specific specific tickers that I'm not going to go into. Uh but yeah, what I would say for you, Candlestick Bible for basics, skip the strategy part, just go to the to the my YouTube strat playlist for strategy. And um yeah, just paper trade as you uh just put more money in your account. I would start with 500 bucks. Risk management, all that good stuff. Try to attend as many live classes that I have here or in the free group coaching or whatever. Um you could also I have the options course, 147 bucks. That would speed up

1:23:30 your learning curve really quickly as well as another option. Uh but yeah, man, just show up, study, and you'll do great. Other than that, I'm officially going to end it now because if you guys keep me here, I'll I'll speak for another hour. So, thank you guys for coming by. Um appreciate you for listening and asking your questions. Um of course, for those watching the replay, um definitely ask or comment anything in the comments below just to help the algorithm and get this video out to more people that may need to hear this stuff. Um other than that, the same link that you guys used to watch and be and attend this live is going to be the same link to watch the replay.

1:24:16 So, keep that in mind. Um the last thing that I'll mention there for those who are new, if you're not If you're going to my channel on mobile or even home I mean um on desktop, sometimes it won't show the most recent lives that I had. So, you have to go to the live tab and it'll show all the lives that I've had here. Cuz on mobile, I don't think it shows any of the lives on the homepage for whatever reason. So, keep that in mind. Anyway, I'm going to end this now. Enjoy your 4th of July, your holiday, everybody. Um try to enjoy your day and not be stuck on charts and you know, we need a breather sometimes. Can't be on this all the time. It's like another job. You need a little mental clarity and break.

1:25:03 Anyway, enjoy your day, everybody, and I will talk to you guys on the internet. Peace.