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Beginners Course 1: Futures Explained — Transcript

by JustLimits · 3,878 words · 568 segments · language en · Watch on YouTube

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  1. 0:00Hey, what's going on guys? It's Justin
  2. 0:02here, and welcome to the beginner
  3. 0:03course. We're going to go over
  4. 0:04absolutely everything you guys will need
  5. 0:07to understand Nexus Algo and to be able
  6. 0:09to use it. So, first thing we're going
  7. 0:11to go over is futures. So, if you guys
  8. 0:13have no idea about futures or just a
  9. 0:15little bit of knowledge, this video will
  10. 0:17basically explain absolutely everything
  11. 0:19about it.
  12. 0:20So, first what we're going to do
  13. 0:23is what even is a future? So, if you
  14. 0:26guys are familiar with stocks, right?
  15. 0:27So, if a stock is $100, right? If you
  16. 0:30buy it for $100, you buy one stock. If
  17. 0:33it moves up $1, okay, we're going to
  18. 0:35call it points here. If it moves up one
  19. 0:37point, you make $1, okay? But, with
  20. 0:41futures, we don't actually buy what it
  21. 0:43is, okay? Nasdaq, which is the one that
  22. 0:45we trade the most, is 28,000 points,
  23. 0:48right? You don't have to buy 28,000 of
  24. 0:50it, right? For when it goes up one point
  25. 0:53to make a dollar, okay? You do not have
  26. 0:55to do that. So, futures uses something
  27. 0:57called contracts, okay?
  28. 1:00What a contract is is you put in a
  29. 1:02certain amount of contracts, okay? And
  30. 1:05that is not
  31. 1:06has nothing to do with money, okay? You
  32. 1:08put in contracts.
  33. 1:10For example, let's say you put in one
  34. 1:11contract. If it goes up 10 points,
  35. 1:14you're going to make money. If it goes
  36. 1:16down 10 points, you're going to lose
  37. 1:19money if you are long, okay? So, for
  38. 1:22contracts, you can be long or short.
  39. 1:25Long meaning you're buying Nasdaq, you
  40. 1:27want it to go up. Short meaning you're
  41. 1:29shorting it, you want it to go down,
  42. 1:31okay?
  43. 1:32Um
  44. 1:33so, that's how that works. And so again,
  45. 1:36you are not putting in money
  46. 1:40for futures, okay?
  47. 1:42You're putting in a certain amount of
  48. 1:43contracts, and based on where you exit
  49. 1:45is how much money you will gain or lose.
  50. 1:48So, we'll talk about that a little bit
  51. 1:50more. But, some examples of some futures
  52. 1:52here are we have gold, right? We have
  53. 1:56Nasdaq, which is the one we trade. We
  54. 1:57have ES, which is the one that we will
  55. 1:59trade a little bit as well. There's ones
  56. 2:01like platinum, oil, um silver.
  57. 2:06Um there's there's a lot, okay? But the
  58. 2:07two two main ones are Nasdaq and ES that
  59. 2:10we'll be using. So, um yes, again, we
  60. 2:13use contracts. There is no
  61. 2:15putting in a certain amount of money,
  62. 2:17okay? And futures use something called
  63. 2:19prop firms, which the next video will be
  64. 2:21all about that. So, if you guys don't
  65. 2:23know what prop firms are, I would
  66. 2:26watch that right after this video.
  67. 2:29All right. Now, you you might be asking,
  68. 2:31"Why do we use futures?" Well, the first
  69. 2:34uh simple answer to that is so we can
  70. 2:36use prop firms. Because prop firms are
  71. 2:38very high ROI. You're spending $80 to be
  72. 2:42able to make 10K plus, okay?
  73. 2:45Um
  74. 2:45so, that's the reason why you guys will
  75. 2:47learn about that again, as I said, in
  76. 2:48the next video. But, um
  77. 2:50another reason why is because you guys
  78. 2:52do not need a lot of money to start,
  79. 2:54okay? If you guys want to get into
  80. 2:57stocks,
  81. 2:58um in order to make, for example, let's
  82. 3:00say $2,000,
  83. 3:02you would need to put in thousands of
  84. 3:04dollars yourself or swing trade for
  85. 3:08days, okay? Now, let me explain for you
  86. 3:10how to make $2,000 on Nasdaq.
  87. 3:14So, Nasdaq is going to have multiple
  88. 3:15different contracts. It's going to have
  89. 3:17a micro and a mini, okay? The micro
  90. 3:20being smaller than the mini,
  91. 3:2210 micros equaling one mini. And you
  92. 3:25might be asking, "How do I know which
  93. 3:26one I'm on?"
  94. 3:27This simple NQ right here, that is mini.
  95. 3:31If it says MNQ, that is micro, okay? So,
  96. 3:35if you're on MNQ and you put in 10
  97. 3:37micros, 10 contracts, it's going to be
  98. 3:39the same as using one NQ. But, there is
  99. 3:43commissions
  100. 3:44um there's commission payoffs for it,
  101. 3:47okay? So, you will always want to use
  102. 3:49the mini chart if you want to use 10
  103. 3:52micros or more.
  104. 3:53Okay, because it's cheaper to do one
  105. 3:57mini compared to 10 micros.
  106. 3:59But that's not too big of a deal. I just
  107. 4:01wanted to give that out for you guys. So
  108. 4:04to make $2,000 on one mini contract is
  109. 4:07only a 100 point move on the NASDAQ.
  110. 4:11Okay. And just to tell you guys, all
  111. 4:14right, we have days where we move 800
  112. 4:16points. We have days where we move 300,
  113. 4:18400, 500. Okay. So 100 points genuinely
  114. 4:22is like 2-3 minutes of the New York
  115. 4:24session. Okay.
  116. 4:26NASDAQ is moving up and down hundreds of
  117. 4:28points in New York session. Hundreds and
  118. 4:30hundreds and hundreds. Okay. So
  119. 4:33there's absolutely
  120. 4:36a big reason to using that and it's
  121. 4:38because not only you right, you might
  122. 4:40think, oh, well, that means I'm just
  123. 4:42losing money quicker. Well, that is kind
  124. 4:45of how it works with leveraging, but
  125. 4:47again, with prop firms, you don't
  126. 4:49actually have to be losing that $2,000.
  127. 4:52Okay. If that 100 point move goes
  128. 4:54against you, you're not losing $2,000.
  129. 4:57Again, that's going to be in the prop
  130. 4:58firm video, but as you can see, you can
  131. 5:00make and lose money very quick with
  132. 5:04with futures, but if you have an edge on
  133. 5:06the market, which is what Nexus Algo is,
  134. 5:09futures are for sure the way to go.
  135. 5:12Next what we got here isn't really too
  136. 5:14important, but this is basically
  137. 5:17NinjaTrader going to have a NQ. Okay, a
  138. 5:20month code, which this month is
  139. 5:23U for September and then the year. So on
  140. 5:26um
  141. 5:28on NinjaTrader, you're either going to
  142. 5:29see NQU26,
  143. 5:32NQ926,
  144. 5:34NQ September 26. It's going to say
  145. 5:36something like that. All you need to
  146. 5:37know is that contract expires in the
  147. 5:40month that it says. Okay. So for NQ926,
  148. 5:44when When it expire? It expires in
  149. 5:46September.
  150. 5:47Ninja Trader will automatically ask you
  151. 5:49as soon as the new contract comes out
  152. 5:52every 3 months. It's going to ask you,
  153. 5:53"Hey, do you want to switch?" Always
  154. 5:55just click yes, okay? Again, this isn't
  155. 5:58something very important, but something
  156. 5:59I wanted to cover.
  157. 6:01All right, so now we're going to be
  158. 6:02going over the tick value, okay? So, as
  159. 6:05I was mentioning earlier, one point on
  160. 6:08Nasdaq, okay, is $1. So, if Nasdaq is
  161. 6:1129,000 and it goes to 29,001,
  162. 6:15we moved up one point.
  163. 6:17Well, every point has four ticks, okay?
  164. 6:20Cents, right? 24 cents. So, from 29,000
  165. 6:24to 29,000.25,
  166. 6:27.15, .75, and then one full point. Okay?
  167. 6:31So, as you guys can see here, we'll
  168. 6:32start on a mini, one tick is going to be
  169. 6:35$5, okay? Meaning one point is 20.
  170. 6:39And then the micro is right under it.
  171. 6:42S&P we don't use as much, but the
  172. 6:43numbers are here on your screen.
  173. 6:45And then here's a little example. So, if
  174. 6:47we catch a $50 move on one micro, it's
  175. 6:50$100. On four, it's 400. On a mini, it's
  176. 6:541,000, and on four minis, it is going to
  177. 6:57be 4,000.
  178. 6:59So, as you can see, there's a lot of
  179. 7:00scaling involved in this, right? If you
  180. 7:02if you're able to risk more, you can
  181. 7:04make much more. So, just wanted to show
  182. 7:06you guys that as well.
  183. 7:08This is just a visual representation of
  184. 7:10what I was saying earlier. 10 micros is
  185. 7:13the same as one Nasdaq, okay?
  186. 7:15Or one mini Nasdaq, okay? But um
  187. 7:18just one NQ. But a reason that some
  188. 7:21people might manually use micros over
  189. 7:24minis is so they can scale out. If
  190. 7:26you're in a position and you're up 50 50
  191. 7:28points, you can scale out five micros
  192. 7:32and then keep the rest of them going,
  193. 7:34okay?
  194. 7:35If a strategy uses that, you will know.
  195. 7:38It'll be in the parameters. It'll be in
  196. 7:40the video, whatever.
  197. 7:41None of the strategies currently on the
  198. 7:43website do that, but I have tested a
  199. 7:45couple that actually do do that. So, um,
  200. 7:48but that's not something you technically
  201. 7:50have to worry about. Um, this is just
  202. 7:52explaining that 10 micros is the same as
  203. 7:55one Nasdaq, one NQ.
  204. 7:58All right, something to get into is, um,
  205. 8:01futures is open 23 hours a day, okay?
  206. 8:05So, let me go through that real quick.
  207. 8:07So, today it is Sunday, okay? Um, and
  208. 8:10the market is closed, okay? I should
  209. 8:12also explain market is Sunday night
  210. 8:15through Friday
  211. 8:18like evening, okay? Not like night. It's
  212. 8:20like evening. Um, but basically when it
  213. 8:23opens, okay? We're going to go straight
  214. 8:24from the opening. It opens at 6:00 p.m.
  215. 8:27Sunday, okay? EST, everything you're
  216. 8:30going to hear is EST, that is the
  217. 8:32trademark for trading. It's EST, Eastern
  218. 8:35Standard Time.
  219. 8:36So, the market opens up at 6:00 p.m. and
  220. 8:40then it's going to close on 5:00 p.m. on
  221. 8:42Friday. That is the entire market is
  222. 8:45open, okay?
  223. 8:46Um, and then let me explain each session
  224. 8:48now because there is a 1-hour, um,
  225. 8:50break.
  226. 8:51So, basically, again,
  227. 8:54it opens at 6:00 p.m. and then from 6:00
  228. 8:57p.m. to 3:00 a.m., this is Asia, okay?
  229. 9:00Asia usually has small movements, uh,
  230. 9:02usually has a big movement at the open
  231. 9:04and then small from then, okay? Uh,
  232. 9:06nothing crazy. We can get a lot of
  233. 9:08movements. Uh, do we always? No, we do
  234. 9:11not. After that at 3:00, taking over
  235. 9:13from Asia is going to be London session.
  236. 9:15That is going to be from 3:00 a.m. to
  237. 9:178:00 a.m. Uh, again, there can be
  238. 9:19movements, there can not be any. Uh,
  239. 9:21pre-market for the New York session,
  240. 9:23okay? There's three sessions, so this is
  241. 9:25pre-market for the the biggest session
  242. 9:27of all of them is 8:00 a.m. to 9:30. Uh,
  243. 9:30there's usually a lot of liquidity, um,
  244. 9:32a lot of moves here that will basically
  245. 9:34tell you what 9:30 is going to do, okay?
  246. 9:37Uh, does that matter for us? No, it
  247. 9:38doesn't, but
  248. 9:40now I don't know. I'm yapping.
  249. 9:43All right, and then the last session,
  250. 9:45and which is the biggest session of them
  251. 9:47all, the volume is crazy. We're moving
  252. 9:49hundreds of points. It's going to be
  253. 9:519:30 to 4:00 p.m.
  254. 9:54This is going to be New York session,
  255. 9:56okay? There's multiple, there's New York
  256. 9:58a.m., New York lunch inside of this, but
  257. 10:01you guys really don't need to know that,
  258. 10:02okay? Just know New York session from
  259. 10:049:30 to 4:00.
  260. 10:05And then that um that little hole I was
  261. 10:08talking about was from 4:00 to 5:00,
  262. 10:10okay?
  263. 10:11So, from 4:00 to 5:00 p.m. there's
  264. 10:13absolutely no trades going on, okay?
  265. 10:16Um
  266. 10:18or no, from 4:00 to 5:00. Hold on, hold
  267. 10:19on, hold on.
  268. 10:20Scrap that. From 4:00 to 5:00, this is
  269. 10:22the last hour, and then from 5:00 to
  270. 10:256:00 there's nothing going on.
  271. 10:27Uh I can't edit these videos, otherwise
  272. 10:28I would have just taken that out, but
  273. 10:304:00 to 5:00 is the last hour of the
  274. 10:33market being open, and then from 5:00 to
  275. 10:356:00 there's nothing, okay? There's no
  276. 10:37trades, there's no the chart is not
  277. 10:39moving at all, and then right at 6:00 it
  278. 10:41continues back with Asia. So, there's
  279. 10:43just 1 hour of no trades.
  280. 10:47All right, next thing here is going to
  281. 10:48be the type of orders, okay? So, there
  282. 10:50are four different types of orders that
  283. 10:52you can place uh with the contracts I
  284. 10:54was talking about. So, number one is
  285. 10:56going to be a market. That is going to
  286. 10:58be, "Hey, I want to get in right now,
  287. 11:00okay?" It is a guaranteed fill, but an
  288. 11:02un-guaranteed price because price is
  289. 11:05moving around a lot, or it's not, okay?
  290. 11:08When it's not moving around a lot, that
  291. 11:09means there's not many people buying,
  292. 11:12right?
  293. 11:13So, if you're trying to short, there's
  294. 11:15not many people buying. In order to buy
  295. 11:16a contract, someone has to short a
  296. 11:18contract, okay? So, with low volume,
  297. 11:22you could get slipped, right? With
  298. 11:25really high volume, you can also get
  299. 11:27slipped because you click that button,
  300. 11:29and then boom, it fills you at the next
  301. 11:30price, which could be farther away.
  302. 11:33Um
  303. 11:33with NinjaTrader, you don't have to
  304. 11:34worry too with NinjaTrader and prop
  305. 11:36firms, you don't have to worry too much
  306. 11:37about slippage.
  307. 11:39Um it's really, really small, which is
  308. 11:41good. But, um we do have some strategies
  309. 11:43that use market um
  310. 11:46orders. Next thing we have is limited or
  311. 11:49limit orders, I should say. You
  312. 11:51basically put a contract at a price that
  313. 11:54is not yet hit, okay? So, if we're at
  314. 11:5727,000, I can put a short at 27,100.
  315. 12:01I could put a long at 26,900.
  316. 12:04Meaning, when price gets to one of those
  317. 12:06limit orders, it will fill me in on my
  318. 12:09contract. Um again, it is an
  319. 12:11un-guaranteed un-guaranteed fill.
  320. 12:14Um will you get filled? Yes. Uh is it
  321. 12:17guaranteed? No. But, it's very, very,
  322. 12:19very rare for us to just
  323. 12:22hit your hit your limit and then either
  324. 12:24run past it and don't fill it or
  325. 12:26reverse, okay?
  326. 12:27Um so,
  327. 12:29even though that's here, I would not
  328. 12:30worry about that, especially prop firms.
  329. 12:33Um
  330. 12:34and then a stop, all that is going to be
  331. 12:37is basically a stop loss, okay? Meaning,
  332. 12:40if you're in a long, okay? You are in a
  333. 12:42long, you are up money, you're up 50
  334. 12:45points. Your stop can be anywhere below
  335. 12:49where the current market is. And when
  336. 12:51market and when the market hits that
  337. 12:53order, okay? This can also just be a
  338. 12:55simple limit order, okay?
  339. 12:57And whenever the market hits that order,
  340. 12:59you're out of your trade, okay? Um and
  341. 13:03that will not be a take profit, because
  342. 13:05a take profit cannot be under
  343. 13:08um your
  344. 13:10price, if you're in a long, okay?
  345. 13:12Um a limit order can only be above price
  346. 13:16for a long or below price for a short.
  347. 13:18And I will tell you I'm about to show
  348. 13:20you if you want to change it for it to
  349. 13:22be below or above. So, now a stop limit
  350. 13:25is going to be
  351. 13:27for example, if you want to
  352. 13:30if we are at 28,000 and you want to long
  353. 13:33at 28,100, right? Which is very normal
  354. 13:36for ORBs. You're waiting for the
  355. 13:37breakout. If you put your limit order at
  356. 13:4128,100,
  357. 13:44it's just going to fill immediately
  358. 13:45because price is below your limit. So,
  359. 13:47it says, "Okay, this guy wants to get in
  360. 13:49right now." So, that is what a stop
  361. 13:51limit is going to be. It says, "Hey,
  362. 13:52wait, wait, wait, chill. Wait for us to
  363. 13:54get to this number and then order,
  364. 13:57okay?" Because again, if you put your
  365. 13:59limit in 28,100
  366. 14:02for a buy and we are below it, it's
  367. 14:04going to fill you in because you have a
  368. 14:05better price than your limit. But, if
  369. 14:07you put a stop limit at 28,100,
  370. 14:10it will wait till it touches it and then
  371. 14:12enter a long, okay? Which is exactly
  372. 14:14what our ORBs do. So, I hope that um
  373. 14:17makes sense.
  374. 14:18All right. So, next thing we're going to
  375. 14:20be getting into is if you're using Nexus
  376. 14:22Algo strategies, uh this won't matter as
  377. 14:25much for you, uh but I just did want to
  378. 14:27explain it. So, basically, we're going
  379. 14:30to talk with prop firms cuz it's what I
  380. 14:31recommended, um position sizing, okay?
  381. 14:34So, if you have a 50K prop account, all
  382. 14:38right? You guys are going to learn about
  383. 14:39that in the next video again, as I said.
  384. 14:41Your risk is going to be $2,000,
  385. 14:44okay? That is how much drawdown you
  386. 14:46have, okay? Not the 50K, okay? You have
  387. 14:49$2,000 to work with because that is your
  388. 14:52drawdown. Meaning, if you lose 2,000,
  389. 14:54you lose the account. So, if you're
  390. 14:57manually trading, you're going to decide
  391. 14:58your risk per trade, okay? Um or you're
  392. 15:01going to decide
  393. 15:03your contract risk based off of where
  394. 15:06your stop loss will be, okay? If you're
  395. 15:08trading manually, your stop loss won't
  396. 15:11be the same every time, okay? Um for
  397. 15:13automation, it will be. So, um
  398. 15:17that's why it's so much easier to
  399. 15:20risk when it comes to like Nexus Algo
  400. 15:22automation because our stops are the
  401. 15:24same every time, okay? And um
  402. 15:27we're about to get that to that in a
  403. 15:28second, but basically, if you go to the
  404. 15:31Nexus Algo website and you go to put in
  405. 15:34your strategy, okay? Let me show you
  406. 15:35real quick here. If you go to put in the
  407. 15:38strategy you're using, 5-second orb,
  408. 15:40you're going to put in that 2,000 right
  409. 15:42where it says your max drawdown right
  410. 15:43here, okay? And then it's going to tell
  411. 15:46you the recommended contract. So, what
  412. 15:47are you going to do if this says seven?
  413. 15:49You're going to go to MNQ.
  414. 15:52And you're going to put in seven
  415. 15:53contracts, okay? So,
  416. 15:56um none of this stuff really matters
  417. 15:58unless you guys are manually trading. Um
  418. 16:00and if you are, there's going to be a
  419. 16:02lot more information you need as well.
  420. 16:04But um if you really do want to manually
  421. 16:06trade or just learn this for whatever,
  422. 16:07all the stuff's on your screen. But for
  423. 16:09Nexus Algo, you will not have to
  424. 16:11calculate your stops, your contracts per
  425. 16:14trade. That is all done for you as long
  426. 16:16as you put in the amount of contracts
  427. 16:18you're supposed to be using, which is
  428. 16:20again, either on the website or you can
  429. 16:22ask in the chat, DM me, any of that
  430. 16:23stuff.
  431. 16:25All right, so the question is, why Nexus
  432. 16:27Algo for futures, okay? And the answer
  433. 16:30to that is basically, it's futures, as
  434. 16:34you could probably tell from this video,
  435. 16:35is extremely risky, but when you have a
  436. 16:38edge on the market, right? A strategy
  437. 16:40with an edge, multiple strategies, uh is
  438. 16:42what's recommended, you can make a lot
  439. 16:44of money from it compared to trading
  440. 16:47stocks with your money, okay? Because
  441. 16:49again, as we learned, if you're trading
  442. 16:51stocks, right? You want to buy Amazon.
  443. 16:53For Amazon to go up $10,
  444. 16:56you would need thousands and thousands
  445. 16:58of dollars inside of it in order for you
  446. 17:00to make a good amount of money, right? I
  447. 17:02can make more money on one prop firm
  448. 17:04account that I spent $80 on. And what am
  449. 17:07I risking? $80. What are you risking?
  450. 17:10Thousands, okay?
  451. 17:11Um but specifically, why automation?
  452. 17:14Automation gets rid of emotions. It gets
  453. 17:16rid of all the work you have to put in
  454. 17:18for manual trading, all the losses,
  455. 17:20which I myself have have gone through.
  456. 17:22Okay, I didn't start with automation
  457. 17:24straight from the start. Obviously, I
  458. 17:25wish I did. I'd probably be living in
  459. 17:28freaking
  460. 17:29Japan by now at this point. But,
  461. 17:32it basically gets rid of your emotions.
  462. 17:34It does the strategy for you. You don't
  463. 17:36need to put in all the hours. You don't
  464. 17:38need to stare at the charts. And um
  465. 17:41it will have strategies with proven
  466. 17:43edges. Okay, because that's a big
  467. 17:45problem. People can have all these
  468. 17:47strategies, but if they suck, it doesn't
  469. 17:48matter if your emotions are good, right?
  470. 17:50You need emotions and a good strategy
  471. 17:53and a lots of time. Okay, so this is for
  472. 17:55new people, this is for people don't
  473. 17:56have a lot of time, don't want to put in
  474. 17:58all the time, and people who just want
  475. 17:59to have the best chance possible to make
  476. 18:02money over time. So, that is exactly
  477. 18:04what Nexus Algo is.
  478. 18:07I have an entire 20-minute video on
  479. 18:09strategy stacking, but I'm just going to
  480. 18:10give a little overview here.
  481. 18:13Strategy stacking is putting multiple
  482. 18:15strategies on the same account, right?
  483. 18:18And that's kind of where I'm getting
  484. 18:19into this with the futures thing. If you
  485. 18:21have four strategies, they each trade a
  486. 18:24mini alone, okay? Alone.
  487. 18:27Then, if you put all four of them onto
  488. 18:29one account, what should you trade? You
  489. 18:31should trade each of them with two
  490. 18:33micros, okay? So, what we use with our
  491. 18:36our sizing, okay, is we do um our max DD
  492. 18:41times 1.5, okay? So, what that means is
  493. 18:46if a strategy went through for 2 years
  494. 18:49and its max drawdown was 500, we times
  495. 18:52that by 1.5, meaning
  496. 18:54>> [snorts]
  497. 18:55>> it's even safer, okay? You guys do not
  498. 18:57need to understand this math, but this
  499. 18:581.5 means it is even safer than it
  500. 19:01sounds, okay?
  501. 19:03Um and again, there's an entire video
  502. 19:05covering strategy stacking. I just want
  503. 19:06to mention, now that you guys know
  504. 19:08futures a little bit and how to size and
  505. 19:10stuff like that, um that is why when you
  506. 19:13go to a strategy stack, you're going to
  507. 19:15see much less contracts because it is
  508. 19:17the amount of contracts per strategy as
  509. 19:20opposed to using that strategy all on
  510. 19:22itself. Cuz you're sharing that $2,000
  511. 19:24with four strategies as opposed to one
  512. 19:26strategy.
  513. 19:28Here's a bunch of beginner mistakes. I'm
  514. 19:29just going to go over the very, very
  515. 19:31simple one.
  516. 19:32Uh, trading NASDAQ before MNQ, all
  517. 19:34right? You guys are going to need to 95%
  518. 19:37of you guys be on MNQ, okay? Um, the
  519. 19:40rest of these
  520. 19:42they they matter, but not for you guys
  521. 19:45in Nexus Algo, okay?
  522. 19:47Um, like trading the wrong contract
  523. 19:49month, you will not have to worry about
  524. 19:50that, okay?
  525. 19:52NinjaTrader will literally ask you,
  526. 19:53"Hey, do you want to upgrade to the new
  527. 19:55contract?" Okay? Uh, confusing the time
  528. 19:58frame as well. If you're on a 5-second
  529. 19:59chart and you're supposed to be on a
  530. 20:005-minute, uh, just simple stuff like
  531. 20:03that are some beginner mistakes.
  532. 20:06Okay, so this is the last slide here,
  533. 20:08guys. I'm basically just going to
  534. 20:09explain where do you go from here. Uh,
  535. 20:11the before you risk anything, you guys
  536. 20:13can, uh, wait on this wait on this,
  537. 20:15okay? There's going to be a third video.
  538. 20:18This is the first one. The third video
  539. 20:19is going to basically be where to go,
  540. 20:21okay? How do you like set up? What do
  541. 20:23you do? What are the steps to get
  542. 20:25started? Okay? Uh, but for now, you guys
  543. 20:27will go to the prop firms video if you
  544. 20:29know nothing about prop firms or you
  545. 20:31don't think that you know everything,
  546. 20:33watch that video and then join the
  547. 20:35Discord, okay? These are the two things
  548. 20:36that matter. After the prop firm video,
  549. 20:38as I said, there's going to be a steps
  550. 20:40to getting started. And once you've
  551. 20:41watched all three videos, you can get
  552. 20:43started, okay? There's absolutely
  553. 20:45nothing else information-wise that you
  554. 20:47guys need. Um, if you have questions
  555. 20:49about anything, you can always DM me.
  556. 20:50And that's why the Discord is definitely
  557. 20:52my most, um,
  558. 20:55what's it called? My most, like,
  559. 20:57you guys should join it, okay? I don't
  560. 20:59even know what the word is.
  561. 21:00Um, if you need access to the Discord,
  562. 21:02just go to the website, okay?
  563. 21:04Uh, go to the website, scroll down, and
  564. 21:05the Discord's going to be there. But uh
  565. 21:07yeah, that's about it for futures.
  566. 21:08Again, any questions, you can DM me.
  567. 21:11Um and yeah, hope you guys enjoy the
  568. 21:13rest of your day.

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