Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
My support levels for Crude Oil futures ( see below) are showing some NEGATIVE values!! I never seen this until yesterday….
A more in depth piece on negative commodity pricing and some implications will come tomorrow.
In between it is a good time to remind you the following:
*Expect the unexpected…
* Volatility is a game changer!! One can not use the same concept/method/trading size today when volatility is extremely high versus periods like 4 months ago when volatility was relatively low.
*Trade smaller. The bands are much larger. Watch the VIX.
* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!
* Think money management, hedging risk while you are still trying to figure out how to profit.
* Know what is going on, reports, current margins, current limits and more.
* DO NOT assume anything…if you are not sure, contact us
and we will try our best to assist with the combined, vast experience we have here as a team.
* Wash hands, take this seriously and do your best to stay healthy….
Trading Futures, Options on Futures, Gold 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.
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Posted in: Future Trading News