Futures Trading Levels for Oct. 28th 2021

Dear Traders,

Get Real Time updates and more on our private FB group!

https://business.facebook.com/groups/1105191589938254/

🙂

Today is the day for some futures market philosophy.

But first, a heads up: Start trading in January beans – November beans entering first notice day.

You should be already trading December natural gas.

My colleague, Mark O’Brien shared this with me today as he heard my frustration with some of the trades and markets…

“Every battle is won or lost before it is ever fought.”

Sun Tzu

The Art of War

This passage that dates back the 6th century B.C. , can aptly be applied to trading futures. Prepare for each trade and set your risk. If the initial outcome is favorable, use your enemy’s (the market’s) resources (move your stop) to sustain your trading.

Don’t engage in extended battles (over trade) and consume your resources (money, time, mental energy).

Your “enemy,” (the market) only has the power to destroy your account if you let it.

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.