Cliff Notes: Essential Stock Futures Trading Tips - podcast episode cover

Cliff Notes: Essential Stock Futures Trading Tips

Apr 28, 20249 min
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Episode description

Dive into Market Mondays' latest clip as hosts Rashad Bilal and Ian Dunlap drop heavyweight advice for traders aiming to conquer the futures market. Gain invaluable insights on mastering short targets, leveraging moving averages, and the perils of overtrading. This episode, recorded on April 15th, is an absolute must-watch for anyone keen on transitioning from knowledgeable trader to market money-maker.


🎯 *Key Highlights:*

1️⃣ Master One Short Target: Rashad emphasizes the importance of honing in on one target when trading futures or options. By committing to this strategy for an extended period, traders can enhance their ability to extract monetary gains from the market.


2️⃣ Moving Averages Insight: Discover why observing key moving averages (20-day, 50-day, 72-day, 100-day) on a Monday can aid in determining the market's trajectory and inform decisions on when to exit trades.


3️⃣ Overtrading Is a Trap: The discussion delves into the hidden dangers of overtrading, likening it to high-interest credit card debt, and touches on the psychological aspects that can block a trader's path to remarkable profits.


4️⃣ Strategic Target Splitting: Learn about the tactic of splitting targets for futures trading, with concrete examples of tick strategies for Nasdaq and how this can enhance your average earnings without the fear of missing out on lucrative moves.


5️⃣ Execution Over Information: Rashad encourages traders to focus less on accumulating information and more on executing trades effectively to consistently pull profits from the market.


🔄 *Trading Philosophy:*

- Rashad and Ian discuss the necessity of mastering multiple skills in today's fast-paced world. They also explore the challenges posed by potential interest rate increases and the impact on trading strategies.

- The conversation highlights the importance of time allocation and decision-making when actually buying or selling in the investment process.


*Takeaway Message:*

The episode drives home the point that mastering your trade, whether it's futures, options, or other financial instruments, is not just about knowing the techniques but also applying them with discipline and confidence.


🚀 *Join Market Mondays for More:*

Subscribe to the Market Mondays YouTube channel for more enlightening discussions that empower your trading journey. Whether you're a budding enthusiast or a seasoned investor, our content is tailored to provide you with the tools you need for financial growth.


#TradingSecrets #FuturesTrading #InvestingTips #TradingDiscipline #MarketMondays #FinancialEducation #TradingStrategies #InvestmentWisdom


➡️ *Got Questions? Drop a Comment Below*

The Market Mondays community thrives on interactive discussions and shared learning. If you've got questions or experiences related to today's topic, we'd love to hear from you. Leave a comment, and let's nurture a space where all traders can grow together!


✍️ *Your Market Mastery Awaits*

As always, we're committed to providing you with insightful content that propels your trading expertise. Stay locked in with us every Monday for fresh episodes packed with market analysis and trading tips to help you achieve your aspirations.


📈 *Rise Above the Noise*

Futures trading is filled with hurdles, but with Market Mondays' sage advice, you're more than equipped to rise above and write your success story. Master your craft, stack those wins, and join us as we navigate the vast world of financial markets. Together, let's turn wisdom into wealth!



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Transcript

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Speaker 1

What's the Future's tip for the week? I really at five Number one.

Speaker 3

I've said it before, but after a conversation I had yesterday, Please master one short target. Whether you're doing options for futures one, please write it in chat one. Marry that fucking target for the next year and a half.

Speaker 1

I don't care.

Speaker 3

What I want traders to do is I want you from going to having a lot of knowledge about trading to extracting money from the market. That's your job, right Number two four moving averages. So once again today on Monday, if you look at the twenty day moving average, the fifty to seventy two to one hundred, the market bled under. If the market is underneath all four moving averages, it's

probably not going to come back. You can let your trade run longer, and if you put on a high and low for the week or the month on trading view or think or swim, you can see where you should exit. But if something goes above those four moving averages, it's going to stay to the upside. Number three, writing in chat, overtrading is the devil talking to my guy.

I don't know if you want me to say his name, but I was talking to my guy yesterday and I'm like, you, legit can be at fifteen thousand and sixteen thousand a week.

Speaker 1

What's stopping you from getting there?

Speaker 3

He was like the overtrading sometimes as traders, we know so much and can see so much.

Speaker 1

We can see what a vwyp line is for other traders.

Speaker 3

We can see where pivots are, we can see we're moving, our averages are the options.

Speaker 1

Chain, and then you get overwhelmed.

Speaker 3

Overtrading is like going into deep credit card debt at twenty five percent and a lot of it takes discipline, but the core of it.

Speaker 1

Do you feel worthy enough.

Speaker 3

That you should be able to make one hundred thousand dollars in a week, in a day, five six hundred thousand dollars in a year, a million plus in a year.

Speaker 1

So work on a psyche.

Speaker 3

And fourth and final, if you are not comfortable with just using a short target, split your targets.

Speaker 1

I don't like red Panda. I don't want you to do it. So es Nasdak.

Speaker 3

Zbub use four tick in futures, Nazdak use forty ticks. But if you are trading, let's say nasdak, your first target can be forty ticks. Second target after that can be two hundred and twenty. So let's say if you're trading eight contracts, I would have four contracts take profit at forty ticks. My second target will be two twenty. It will bring my averages up and that way you don't feel like you missed out on a longer move. And I need you to stop focusing on knowing more information.

You need more execution and you need to be able to extract money out of the market. And Troy, that's why I told you like when you start doing options. I'm like, yeah, you're a giddy year MVP because it's people who knew more about options. And then when I said, well, what you may i've been when we was in the hotel, we were like, in LA, that's someone's salary. I think

you were like eight months in. I'm like, allegedly allegedly hypothetically right, yeah, me and Rashad Diddy mack in this year wasn't alleged.

Speaker 1

But my thing is like, you can know so.

Speaker 3

Much about Fibonacci, Fibonacci extensions, pivot points, RSI, macde, balance of market, how you can read all this sh but when it's time to make the money, are you doing what's necessary? And I was telling my guy like, even with market, mondays, I love the consistency of me even having to get better at the media. Once your hour's done and trading, walk away and do something else.

Speaker 1

You have to match.

Speaker 3

And this is a great lesson I think we should talk about in this new century and definitely this next decade, You're gonna have to master multiple crafts. You're gonna have to know how to invest, trade, market, do media, AI, programming, and be great at all of them.

Speaker 1

You can argue.

Speaker 3

Elon is a great salesman, one of the highest Q scores I think we've ever seen in history, great innovator, great designer, great programmer, great engineer. He's still having fucking issues at his company. You can't lean on one thing anymore. You can't not in this decade. And if interest rates actually go up, oh baby, it's gonna be tough.

Speaker 1

It's gonna be tough.

Speaker 2

I mean, that's why it's important to keep the main thing the main thing.

Speaker 1

And really you gotta allocate your time. It's important.

Speaker 2

I think one of the people ask me all the time, go, well, what is one of the biggest regrets you have in investment is that I don't even have enough time to do it like full time, right, because there's so many other things, whether it's the media, or whether it's production, or whether it's curriculum.

Speaker 1

There's there's so many other things to do.

Speaker 2

And so yeah, I still have to allocate time to make sure I'm doing this just because it's something I love to do. But I would imagine, like imagine there's so many people that have ample amount of time that aren't even executing on it, right. So, like having results is great, but I think what separates people is number one, how they allocate in the time. But when it's time to make the decision and press the button to either buy or sell or are you going to do it?

Speaker 1

Yep, because people.

Speaker 2

Can watch and you can learn all the fundamentals you want, all the technicals you want. You can listen to as many podcasts as you want and as many audio books. When it's time for you to open that brokerage account, put some money in there and make the contend that you're going to do invest will you do it?

Speaker 1

And that's what's going to separate people. And if you don't do that properly, you turn to a hater. These are some of the side effects.

Speaker 3

Absolutely, master your craft, and I'm gonna stress this again. Master one target. For those you who tradeing es zb ub, there's no excuse why you can't hit four ticks. For those who don't know what ticks are, it's the equivalent of four pennies. So you're telling me you can't go from ninety six thirty one to ninety six thirty five and then for trades max in a week, stack those wins. Then you can scale up your contracts and then you

get to make the big bucks and leave mcdalas. It's not that hard man stay locked in.

Speaker 4

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Speaker 1

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