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Volatility in the Futures Markets & Trading Risk Management, Support & Resistance Levels 1.07.2021

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Dear Traders,

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If the first THREE trading day of 2021 are any indication of the year to come….Better fasten your seatbelts!!
  1. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
  2. Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
  3. Focus more on risk management and ways to protect certain positions as needed.
  4. Survive to trade another day.
Markets are moving extremely fast and at times quoting systems, platforms can’t even keep up.
The risk is MUCH GREATER than I have seen since March, yet some traders look for it.
That is ok, as long as you :
Know the rules, understand current margins, know where the circuit breakers are/ limit moves.
Figure out your max risk.
After you do all that, feel free to trade but jumping in and trying to trade without the basic knowledge above is like jumping into a stormy ocean without a life vest…..

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.

 

Futures Trading Levels

1-07-2021

Futures Support & Resistance Levels 1.07.2021

Economic Reports, source: 

 www.BetterTrader.co

Better Trader Futures Reports 1.07.2021

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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