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Category: Day Trading

Here is a subject that a lot of people don’t understand at all. Day Trading can be risky. So, it is something that you should stay away from unless and until you are absolutely sure about what you are doing.

There are a number of items about Day Trading such as the minimum mantaince requirementand more that need to be taken into consideration. With the blogs and write-ups listed in this section, you can learn a great deal about day trading.

We at Cannon Trading can help you understand the different concepts of trading and present you with the latest information on the same. Our team of professional and smart people can help you in your day trading transactions and more. In order to understand day trading more clearly, we advise that you go through all the write-ups listed in this category archive on Day Trading.

Different Methods to enter in Futures Trades, Reports & Levels 8.20.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

 

Few ways to enter a trade….

 

There are so many different aspects to trading.

From financial, emotional aspects to actual details of when to enter a trade, when to exit a trade and SO MUCH more in between…..

An important part of trading is trade entry. Assuming a trader knows why he/ she about to enter a trade the next step sounds simple right? simply buy or sell the contract you wish to trade….

Many times it is that simple, depending on the time frame you are trading you may simply buy @ market and get the market price at that time. Some traders try to make small profits where every tick counts hence they may use the “buy bid” or “sell ask” button in order to get in at the best market price at that time. Many times you may save a tick by doing so but other times you may find yourself chasing the bid or the ask…

 

Another way is for a trader to decide that yes she wants to enter the specific market but she would like to get in at a price that is better and will use a limit order. Example may be, trader got the signal she was looking for to sell the mini SP 500 futures. The September contract was at 1982.75. Trader decided that she is willing to take the risk of not getting into the trade but she will only sell if the market hits her limit price of 1983.75 for example. There are times that this patience will allow for a better entry price, hence better chances to meet target but there are times that trader will not get in and “miss a possible winning trade”

One more common way that some traders use is to enter on a stop. Most beginner traders will use stops for protection and not as much for trade entry. Traders with a bit more experience will at times use stops to enter a trade. Example may be that Joe decided to buy crude oil futures because he got his condition met ( crude in this hypothetical example is trading at 93.42), however Joe would like to see that price action follows the signal and break a minor level on the chart which he thinks serves as minor resistance at 93.49. In this case Joe will place a buy stop at 93.49 that if triggered will enter him into a long trade.

 

 

Again, there are so many more ins and outs to trading in general and to trade entry in specific and I hope this quick overview may opened your mind to different ways of entering a trade.

 

 

Continue reading “Different Methods to enter in Futures Trades, Reports & Levels 8.20.2014”

SP 500 Futures Testing Major Support Zone – Levels & Reports for 8.8.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

SP 500 made new lows and about to test a series of support levels as one can see in the daily chart below:

We have few levels of support between 1885 and 1896.50 in case we break again below the psychological 1900 mark.

I mentioned a couple of days ago support of 1795 by mistake and was asked by few of the readers. That was a typo the support I meant to write is 1895.

Looks like we will visit that level and zone very soon, maybe as early as night session. My best guess is for an initial bounce of that level. Just a guess. Either way I will look to see what kind of reaction we get if and when we get down there.

A strong bounce may signal some more upside, however a break below 1895-1885 level may actually make my 1795 typo into a reality… 822

Continue reading “SP 500 Futures Testing Major Support Zone – Levels & Reports for 8.8.2014”

Day Trading Money Management + Levels & Reports for 8.7.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

A word or two about day-trading and money management…..

 

 

 

Trading futures and even more so, day-trading futures has grown significantly over the last few years, as seen by the increase in daily volume on some of the more popular electronic markets. (The Mini SP had 3,575,702 contracts traded on February 27th! Yes, that is 3.575 MILLION contracts….)

New traders as well as more experienced traders often wonder and search for the “holy grail” and the answer is different for each trader. Many factors influence what may be a good route for one trader versus a better alternative for another. Experience, risk tolerance, the person’s schedule, financial situation along with other factors will greatly influence what is a suitable trading method for one trader or another.

One COMMON solution different traders can implement when it comes to day-trading is what I call: “Treat your daily Profit/Loss as you would treat an open trade” and allow me to expand:

As brokers we have seen different traders survive in this business, making progress and even getting to the point of consistently finding their set ups, however their main downfall is that “one bad day” where they may give up recent gains, lose a large percentage of their account or even lose their whole account.

A practical solution for eliminating those disastrous days and giving you a better chance for survival is using “stop losses, trailing stop losses and daily stop limits” for every given trading day.

Let’s assume for hypothetical purposes that trader A is day-trading with $10,000 of risk capital. Part of her preparation for trading should be an understanding of her trading style, how active she is, how much on average does she risk per trade and other factors to help her calculate what her DAILY LOSS LIMIT should be. If you as a trader can be discipline enough to set your own daily loss limit and on days when you have reached your daily loss limit, simply stop trading for that day, you will give yourself better odds in surviving the day-trading arena and preventing days where you may loss a big portion of your account. Surviving to trade another day is a crucial element when it comes to day-trading.

Continue reading “Day Trading Money Management + Levels & Reports for 8.7.2014”

Crude Oil Futures Testing Major Weekly Support Level, SP500 Volatility Higher + Levels for 8.6.2014

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Volatility has picked up again! Make sure you adapt as markets are always changing and what may work for range bound/ low volatility days will not work for wide range/ higher volatility days.

I see major support for SP500 at 1795 and it will be interesting to see price reaction if we test this level in the next few days.

On a different note, I wrote a quick analysis along with chart for Crude Oil futures at:

http://experts.forexmagnates.com/crude-oil-attempting-break-lower/

Continue reading “Crude Oil Futures Testing Major Weekly Support Level, SP500 Volatility Higher + Levels for 8.6.2014”

Stock Indices React to FOMC with Largest One Day Drop in 4 Months – Aug 1st Levels

Posted on by Ilan

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

I have noticed many times in the past that the “real direction to FOMC announcements, will usually come the following day”. Today was a perfect example of it…..

Last time we had a meaningful correction in the SP500 was April 4th. The correction lasted 10 days and measured 90 SP points from peak to valley 1885 to 1795 as you can see in the chart below ( sounds like I am talking about earthquakes….).If symmetry decides to give us a similar reaction we can see 1896 as the next target. In between we have a support zone at 1913 – 1918 first.

 

Daily chart of the Sept. mini SP 500 with the different levels for your review below:

 

EP - E-Mini S&P 500 Equalized Active Daily Continuation
EP – E-Mini S&P 500 Equalized Active Daily Continuation

Continue reading “Stock Indices React to FOMC with Largest One Day Drop in 4 Months – Aug 1st Levels”

Global Events & Economic Reports for 7.18.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday July 18, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Just as I wrote about summer trading, unfortunate events with Malaysian airlines plane crash as well as other Geo political events, sent the market down pretty hard along with two sided volatile action.

Personally this was not an easy trading day, as I did not adjust the stops to match increased volatility only to see the direction of trade come back the way I wanted it.

Trading is not easy mentally! I have seen myself and other traders get frustrated when that happens and start a chain of actions that was not in the game plan and can many times cause much bigger losses…. Revenge trading, doubling down are just a few of our “bad friends” who show up when you are not focused and disciplined….

This is when one should take a pause, small break from trading. Step out, stretch, get fresh air and collect one self composure before deciding if to continue trading and how.

I am glad to share that this actually helped me today stay within my game plan and minimize losses to what i consider “acceptable levels”…

Continue reading “Global Events & Economic Reports for 7.18.2014”

Futures Levels & Economic Reports for 7.17.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday July 17, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 In the last few days we witnessed “summer trading” with low volume which encouraged me to share the following with you on the different types of trading days:

  • In my opinion there are 3 main types of trading days.

1. The most common day are two sided trading action with swings up and down – this type of trading day is most suitable for using support and resistance levels along with overbought/oversold indicators.

2. Strong trending days, mostly one directional – this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most – this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend.

3. Slow and/or choppy trading days – this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.

  • A good question I’ve been asked is how can one asses what type of trading day we will have while the market is still trading….I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:
    1. Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session (primary session is when the cash/stock market is open)
    2. Mondays have the highest chance for trending days
    3. The behavior of the first hour of trading can also suggests the type of action for the rest of the day.
    4. If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.
    5. Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)

Continue reading “Futures Levels & Economic Reports for 7.17.2014”

Cannon Trading Releases New Futures Trading Platform, Shogun Trade Executor 7.09.2014

Posted on by Ilan

Cannon Trading Releases New Futures Trading Platform, Shogun Trade Executor™

Cannon Trading launches Shogun Trade Executor™, a futures platform that provides a cutting edge experience for futures traders and combines 25 years of experience into a simple trading platform. Set apart by its access to unfiltered data and statistical analysis, Shogun Trade Executor™ is the perfect program for traders who want to improve their game.

Beverly Hills, California (PRWEB) July 08, 2014

http://www.prweb.com/releases/cannon-trading/shogun-trade-executor/prweb11998947.htm

Cannon Trading Co, Inc., an Independent Introducing Brokerage firm, is releasing its latest futures trading software, Shogun Trade Executer,™ a trading platform tailored to provide the most cutting edge user experience for futures traders.

The new software allows traders to benefit from the company’s 25 years of experience and compiles a user-interface that is both intuitive and highly functional. What separates Shogun Trade Executor™ from the other platforms lies in a few different levels of trading mechanics.

“Besides single click orders, Shogun Trade Executor™ offers tools to help the trader regulate himself and observe his statistics. With an implemented daily loss limit, a trader can now stay disciplined and set daily loss limits to protect profits and/ or limit losses for any given day, directly from the platform,” says Mike Levy, President, Cannon Trading.

“At the end of the day, users can study themselves as traders and observe their own individual trading statistics. Shogun Trade Executor™ provides free charting with over 100 technical indicators, trading algorithms, and unfiltered historical data,” he adds.

These are just some of the features that separate Shogun Trade Executor™ from other platforms. For more information and to actually try it out, traders can start with no cost Demo version.

As the industry has changed, Cannon has always been mindful of the evolving environment and has always kept customer interests in mind. The brokers at Cannon Trading look forward to finding out whether the futures trading landscape is something that will work for customers.

Cannon Trading has consistently tried to be a place where the traders and brokers work together as a team to assist clients in any way possible.

The result is a unique and progressive infrastructure that enables them to meet the varied needs of our clients with tailored services and execution.

Cannon Trading Company has won a Customer Service Finalist of 2003 Readers Choice Award, and the brokers have been quoted in SFO, Futures Magazine and Bloomberg. The Company is a proud member of the NFA andCFTC since 1988.

Visit the website and take advantage of many of the offers and educational tools.

Good Trading

Contact Details:
Name: Cannon Trading Co, Inc.
Email-id: info(at)cannontrading(dot)com
Address: 9301 Wilshire Blvd. Suite 515 Beverly Hills, CA 90210
Phone Number: (800)-454-9572
Website: https://www.cannontrading.com

TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

Day Trading Money Mgmt, Positive Trading psychology and trading tips 6.10.2014

Posted on by Ilan

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Tuesday June 10, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

Day Trading Money Mgmt, Positive Trading psychology and trading tips from a 16 years veteran

 

We are extremely excited to be participating in the TradingPub’s Trade-A-Thon this Thursday!  The event will feature 13 professional traders in every market under the sun.
Ilan Levy-Mayer of Cannon Trading is going to present from 11:30 AM-12:45 PM EST by educating traders based on his 16 years experience. Ilan will share his unique approach into day trading money management, talk about positive trading psychology and share what he thinks might be the best $4.99 you can spend on trading tools…..

 

Tap Here to Secure Your Spot (Includes Recording)

 

The Event will also feature:

  • Specific outline for creating a day trading risk module
  • How to create positive trading psychology
  • Tips from a broker who observed 1000’s of traders
  • Why most traders lose?
  • Free trial to cannon’s newest trading platform Shogun Trade Executer

 

REGISTER FOR THE TRADE-A-THON and Recording HERE

 

SEATS ARE LIMITED, SO DON’T MISS THIS SPECIAL FREE WEBINAR!

 

Risk: 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.

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Continue reading “Day Trading Money Mgmt, Positive Trading psychology and trading tips 6.10.2014”

Futures Trading Advice for Beginners Infographics

Posted on by Ilan

Do you often find yourself overwhelmed by the game of numbers that dictates the nerves of the markets? Are you often perplexed by the amusing gains and losses that investors count their wealth by? Here is an interesting way to understand commodities and trading, for all those who are inquisitive about the art of investment. In case you think commodities can be your ticket to extra earnings, the infographic presents some hard facts that you ought to rote before you fall in the temptation of trading. That said, once you have the basics by your side and the facts by your fingers, trading in commodities can be another asset class to consider.

The infographic that Cannon presents, is a graphic insight into how investing in commodities through futures should be done. It also establishes certain general tips one can follow when trading futures. The infographic uses basic examples from day to day life to explain difficult concepts of trading, a matter that generally requires expert intervention or hours of discussion so as to understand thoroughly. The basic features of futures trading have also be highlighted in the simplest possible manner, through this infographic made by Cannon Trading.

 

Futures Trading Infographics
This Infographic created by:: Cannon Trading

Continue reading “Futures Trading Advice for Beginners Infographics”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.