Speaker A
All right, so coming out of the gate, I just want to let you know that this is predominantly going to be a futures index trading mentorship.
A futures index trading mentorship focusing on Nasdaq E-mini price action, setups, and paper trading strategies for consistent intraday profits.
Key Takeaways
- Learning to read and anticipate price action is crucial for futures trading success.
- Focus on setups that capture larger price moves (handles) rather than many small trades.
- Paper trading and demo accounts are essential for practicing before risking live capital.
- Understanding margin and contract size differences helps manage risk effectively.
- A clean chart and price action framework are sufficient tools for this trading style.
What the video covers
- The mentorship centers on futures index trading, primarily Nasdaq E-mini futures, using live data and paper trading on TradingView.
- SirTrader contrasts his real trades with common educator claims, emphasizing practical price action understanding.
- Focus is on intraday price action, reversals, and identifying setups that yield significant handle moves rather than small, frequent trades.
- The teaching approach prioritizes learning to find specific setups in demo accounts before trading live funds.
- Explains the concept of 'handles' as price movement units and their monetary value in different futures contracts.
- Discusses the margin requirements and leverage differences between full contracts and micro contracts.
- Mentorship aims to build a trading framework based on price action without reliance on complex indicators or distortions.
- Encourages students to focus on meaningful price legs rather than high-frequency small-handle trades typical of algorithms.
- Clarifies that the course does not teach high-frequency buy/sell sequences but focuses on strategic setups for larger moves.
- Sets expectations clearly about what will and will not be taught, inviting only those interested in this style to continue.
Chapters
- 00:00Introduction to Futures Trading Mentorship
- 00:37Intraday Price Action and Market Focus
- 01:59Trading Methodology and Expectations
- 03:39Trade Examples and Handle Explanation
- 05:59Margin, Leverage, and Market Selection
- 10:34Trading Framework and Model Foundation
- 17:18Skill Sets and Trade Setup Focus
- 19:08Conclusion and Participant Options
Full Transcript — Download SRT & Markdown
Speaker A
The idea is going to be presented in the scope of paper trading on tradingview.com, but what you're looking at here, this is Thinker Swim's live data.
Speaker A
These are actual executions I made today.
Speaker A
And I want you to compare and contrast with what you see on YouTube and other educators.
Speaker A
Where they'll count that they can do this and they can do that.
Speaker A
But really, I want you to compare and contrast what you see here.
Speaker A
All right, so we're looking at intraday price action for Nasdaq E-mini futures.
Speaker A
And this is actually the the main focus of this mentorship.
Speaker A
I believe that this market is worth studying.
Speaker A
I believe it is not just limited to Nasdaq, but I believe it's useful to learn as a trader.
Speaker A
That views obviously the E-mini S&P, the E-mini Dow future and the E-mini Nasdaq.
Speaker A
Now, E-mini Nasdaq is a little bit faster, a little bit more aggressive.
Speaker A
And even with that, you can still trade it.
Speaker A
So, I want you to think about what it means to watch price action.
Speaker A
And understand what it's likely to do before it does it.
Speaker A
Now, I'm not promising you're going to be able to do that right out the gate.
Speaker A
What I'm going to show you is the compare and contrast to how I can trade versus what I'm promising to teach you in this mentorship.
Speaker A
How to find specific setups in your demo account.
Speaker A
I am not trying to entice you to trade with live funds.
Speaker A
The teachings will be predominantly through the scope of tradingview.com's paper trading module.
Speaker A
Or just hindsight data.
Speaker A
What you're looking at here is actually live executions from today.
Speaker A
Okay?
Speaker A
And I want you to think about if you were able to trade a micro account and you were trading the Nasdaq.
Speaker A
And you were able to capture just one of these moves.
Speaker A
Which one would you like to learn how to find?
Speaker A
I want you to think about which one really stands out off the entire chart.
Speaker A
And this is a one-minute chart.
Speaker A
Which one really stands out?
Speaker A
Now, I'll give you a moment, you can pause the video.
Speaker A
And unpause it when you're ready.
Speaker A
Obviously, we can see how the market moves from here.
Speaker A
Okay?
Speaker A
Two orders executed here.
Speaker A
Whenever you see this.
Speaker A
This is actually a reversal.
Speaker A
So, if there is a trade on long, it'll reverse and take you the other direction.
Speaker A
Okay, and then this one here, this is a reversal as well.
Speaker A
And then another close.
Speaker A
And then another long entry.
Speaker A
The exit.
Speaker A
A short entry.
Speaker A
And then the cover.
Speaker A
I'd like for you to consider what it would take for you to find consistency.
Speaker A
And how many handles, how many full handle moves in an index futures contract.
Speaker A
That would satisfy you.
Speaker A
And when I say a handle, that's essentially four ticks.
Speaker A
The minimum fluctuation in these markets.
Speaker A
An example would be if you were trading the E-mini S&P and you were trading obviously the 4450 level and you went long.
Speaker A
If it went to 4451, that's a full handle.
Speaker A
Okay?
Speaker A
Or four ticks.
Speaker A
Or four times $12.50 or $50 per handle.
Speaker A
The Nasdaq is $20 per handle.
Speaker A
So, it's slightly different.
Speaker A
But it's faster.
Speaker A
It moves a lot more, a lot more handles, a lot more aggression.
Speaker A
Now, it doesn't always move faster.
Speaker A
Sometimes we'll have a lethargic price action in this index or another.
Speaker A
That would be the S&P, the Nasdaq and the Dow.
Speaker A
And these three markets have the luxury for you that may not have the capability to put up like $17,000 margin if you were going to trade one full contract of the Nasdaq futures.
Speaker A
Most brokers, unless you're using a discount broker, they're going to require you to have deep pockets.
Speaker A
And since that you're going to have about $17,000.
Speaker A
And about 12 and a half for E-mini S&P full futures contract.
Speaker A
You take basically a fraction of that and you can trade a micro on each one of these markets.
Speaker A
But obviously, it reduces the number of the tick multiplier because you're trading with a lot less.
Speaker A
Technically, less leverage.
Speaker A
So, I'm going to get into all that.
Speaker A
But I just kind of want to begin the conversation informally.
Speaker A
But also, just kind of like show you what it is that I do versus what other people do.
Speaker A
So, if we look at the ebb and flow of all this here.
Speaker A
Where the market's trading up and between here and here.
Speaker A
It's not a small number of handles.
Speaker A
It's a pretty respectful amount of handles.
Speaker A
It's not a couple, it's not a handful.
Speaker A
And then up here, it's a reversal.
Speaker A
And then it comes back down.
Speaker A
And then I buy it back here and reverse.
Speaker A
So, I'm selling short here.
Speaker A
And I'm buying long here.
Speaker A
740 to 720.
Speaker A
That's 20 handles.
Speaker A
Going long here at 720.
Speaker A
Getting out at 732.
Speaker A
12 handles.
Speaker A
Then going long here, 756.
Speaker A
And then getting out at 784 and a half.
Speaker A
Then going short at 798.
Speaker A
And covering at 675.
Speaker A
So, I'll ask you which one of these trades do you think is the one that you want to learn?
Speaker A
Again, putting all side the idea that you probably want to do all of these.
Speaker A
But I'm not promising you that.
Speaker A
Okay?
Speaker A
I'm going to take you into how to find this setup here.
Speaker A
Notice the number of handles.
Speaker A
I'm not promising you're going to get this many handles, but the setups and the logic behind it will help you find these types of frameworks.
Speaker A
Framework is the foundation to a trading model.
Speaker A
So, you have to have an understanding what is you're looking for.
Speaker A
And that's really the only thing I'm introducing tonight is the idea of what it is I'm promising to educate you with.
Speaker A
So that way you can go in and find these setups on your own.
Speaker A
Once you understand the rules and you go through the processes and things I'm going to teach you how to practice with.
Speaker A
You will not need anything except for the chart itself.
Speaker A
So, if you look at this.
Speaker A
This chart is clean, except for these little bubbles.
Speaker A
Actually show you the transactions.
Speaker A
You don't really get any kind of distortion from your reading of price action.
Speaker A
But the main takeaway here is I want you to understand that I don't hunt for three to five handles and consider that legendary.
Speaker A
Okay?
Speaker A
Now, can you be profitable if you take high frequency trades and you do those types of trades?
Speaker A
Absolutely.
Speaker A
That's what algos do.
Speaker A
Algorithms do that.
Speaker A
But I'm trying to show you by contrast that there is a way that you can find setups that are outside that parameter of very small little handles.
Speaker A
And doing lots of contracts.
Speaker A
I'm going to teach you skill sets that focus primarily on this.
Speaker A
Okay?
Speaker A
You want to find a nice price leg intraday.
Speaker A
I'm not promising you how to buy, sell short, buy, sell short, buy, sell short.
Speaker A
That's that's mine.
Speaker A
Okay?
Speaker A
I'm not teaching that.
Speaker A
That's why I set the stage in the first introduction video so that way we know what it is I'm teaching you.
Speaker A
If any one of you here don't want to learn how to take this type of trade, you're welcome to not continue.
Speaker A
And turn this video off and go watch.
Topics:futures tradingNasdaq E-miniintraday tradingprice actionpaper tradingTradingViewtrading mentorshiphandlesmicro futurestrading setups
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