Factor Member Webinar December 2021
Factor Member Webinar and Q&A with Peter Brandt - Recorded live December 8, 2021
Opening discussion/presentation by Peter
Live questions from Members
- What's the best place to start when learning how to enter and exit trades? 21:42
- Do you apply the same ATR filter on stops when exiting a position as you do when entering a position? And, if not, do you use another type of filter to reduce the odds of getting whipsawed by a price excursion that is still within recent volatility? 24:31
- I'm new to Factor LLC, so maybe this question is already asked many times. Do you take other fundamentals into account when trading futures - especially COT data / Open Interest? Or just chart patterns like SHS, Triangle, etc. 27:28
- If your equities only account is 500k, what would be your standard position size? 29:24
- TLT looks like a OOPs. 30:50
- What is the minimum account size needed in order to become a professional trader? 31:51
- Did you ever try to create a chart of your drawdowns? 33:37
- Could you do another session sometime on your weekend screening process? How many markets are you viewing? What service are you using? More about how you do this. 34:54
- I need a clarification (I am not a native English speaker, and I am afraid to make mistakes on such an important point). Your weekly/daily trend model for Bitcoin requires two weekly (or daily) candle closes above the 18 weekly (or daily) MA and also an uptick of the 18 weekly (or daily) MA. Correct? Would you mind explaining what exactly meets your criteria for an "uptick" in the context of this trend model? Also, is there any other component to this trend model that I have not detailed above and maybe I have missed? Have you come across, and could you please recommend, any services/tools that allow you to execute entries and exits as per your trend model in an automated way? How do you execute your entries and exits when you are taking some time off, given that crypto trades 24/7 and given that massive shakeouts (like last Friday) may happen even while you sleep? 35:43
- Your WEEKLY Trend Model seems down for Bitcoin but seems up for Ethereum. Have you already allocated (or are you planning to allocate soon) a portion of your Trend Model funds to ETH instead of BTC even if your trend model is down both on the weekly and daily for BTC ? In the past, BTC and ETH seemed highly correlated but not this time. What are your thoughts on what's currently happening and how do you plan on taking action? 40:54
- How do you use ADX? 41:08
- Is a 2021 Best Dressed list coming this year? Honestly, it's one of the best resources for a growing trader. 44:16
- How (if at all) do you allow yourself LATE entries when/if you miss the early portion of a breakout which: a) comes after a lengthy consolidation on the weekly timeframe b) shows a huge momentum c) price still has the potential to go higher based on Technical Analysis targets Is the answer different when you are trading crypto vs other assets? 44:54
- Do you find a lot fewer swing trading opportunities in futures in the last couple of years? 47:28
- Any recommendations for setting stops in a retirement account? It would be a loose stop, but not sure how loose to be. 49:09
- Silver. What gives? Frustrating market. And gold McClelllan is positive on gold. 50:49
- Where are you able to trade Bitcoin and ETH short with margin? 52:26
- Could you talk about the benefits of creating an LLC for trading a prop account? 53:40
- I am a new member. I want to ask about your risk-reward, I can see on the charts/opps you post that you normally put 1:1. Is this the case mostly? 54:40
- Can you please talk about the daily and weekly chart of ETH? I would like to know more about ETH? Is ETH the leader for crypto currency's now? Especially after holding $4000 since last BTC decline. 56:48
- What do you make of the cocoa chart? 58:41
- What should I read, how should I trade while I'm learning? 59:18
- I'm a relatively experienced stock, options, and equities trader. I've wanted to get into Futures for a few years now due to all the positives mentioned (great leverage, favorable taxation, etc). I'm confident at charting and trading Futures Continuous charts and have been keeping a paper trading log, but the technicalities of Futures contracts makes my head spin! I'm never sure which month's contract to buy based on my trade idea; sometimes the contracts are denominated in apostrophes (i.e. 32nds rather than decimals), some contracts are so large that even with a sizable account, I couldn't afford even 1 contract, and I am paranoid I will accidentally hold a contract through expiration and be beholden to physical delivery! How would you recommend an independent trader without access to a trading floor mentor get a grasp on the world of Futures trading from a terminology and execution standpoint? 1:01:09
- When choosing which month to trade in a futures market, what do you look at aside from OI? 1:06:05
- Amazon chart. Another frustrating stock. 1:08:09
- What's the max number of positions you hold at a given time? 1:09:41
- Best resources (books/courses) to learn how to short? Best resources (books/courses) to learn how to HEDGE one's position? 1:12:06
- How do you use/why do you have 18 and 8 MA on your charts? 1:13:45
- What broker do you use to trade Bitcoin? 1:14:57
- Why wouldn't Peter mention Schabackers' book for interested futures traders? 1:16:32
- To confirm, you look at a breakout in the continuation chart then trade the breakout in the front month? 1:19:00
- Best resources on how to HEDGE? 1:23:19
- What percentage of your retirement accounts are in the market today? 1:24:35
