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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.

CPI, Crude Oil, July Heating Oil, Soybeans; Your 4 Important Need-To-Knows for Trading Futures on June 12th, 2025

Posted on June 11, 2025 by Cannon Operations

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CPI Came and Gone

By Mark O’Brien, Senior Broker

cpi

General:

Consumer Price Index (CPI)

May’s Consumer Price Index (CPI) report showed inflation pressures eased on a monthly basis despite investor concerns that President Trump’s tariffs would accelerate the pace of price increases.

The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 0.1% month over month, below April’s 0.2% rise and lower than economists’ estimates of a 0.2% monthly gain in prices.

Energies:

Crude Oil

West Texas crude oil futures rallied to pre-“Liberation Day” levels as the U.S. and China tentatively reached a trade agreement. More consequentially, doubts grew that the U.S. and Iran were close to reaching a nuclear deal.

President Trump said he was losing confidence that a nuclear deal would be agreed upon, and Iran’s defense minister said his country would target U.S. military bases in the region if conflict broke out with the United States.

Amid those threats, the United States is evacuating diplomatic personnel from Iraq, a State Department official told the Middle East independent news Al-Monitor this afternoon.

Momentum likely also drew from this morning’s EIA’s report of a bigger-than-expected 3.6-million-barrel draw in U.S. crude stocks.

Grains:

Soybean, Corn

Conversely, Chicago Board of Trade soybean and corn futures drifted lower into the close of trading as uncertainty grew on a lack of specifics about agricultural goods in the framework of those same U.S. / China trade negotiations. China is the world’s biggest soybean importer, while the U.S. is the No. 2 exporter of the oilseed.

July Heating Oil

July heating oil is attempting to break out above the May high and resume its rally. New sustained highs would project a possible run to the first upside PriceCount objective to the 2.29 area. This target is consistent with a challenge of the April high and gap objective.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for June 12th, 2025

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Find us on Trustpilot

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.

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or wherever you listen to podcasts!

Win the Inside Game! July Crude Oil, June Strawberry; Your 3 Important Need-To-Knows for Trading Futures on June 11th, 2025

Posted on June 10, 2025 by Cannon Operations

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Win the Inside Game!

By John Thorpe, Senior Broker

Win the Inside Game, Crude Oil

June’s Strawberry Moon (full) will not appear this low again until 2043

CPI and insight from a long-distance running coach.

I recently listened to a podcast where a long-distance running coach was interviewed, He has written a book “Win the Inside Game”, his name is Steve Magness and he writes about the psychology of winning and losing, training the mind to overcome your physiological responses to self-doubt, losing and overcoming your own mental short comings.

They certainly apply to our sport, trading.

There are many parallels between trading and competing in a sport, in fact, when I was on the exchange floors, many members were retired professional athletes.

What stuck out to me about the similarities between, sport and craft was we all respond to EXTERNAL triggers. Mr. Magness writes (I am paraphrasing)

“in Fight or Flight responses, for athletes, cortisol is a hormone your adrenal glands release when he or she loses an event, game, championship, or simply when they can’t reach a training goal. When the same athlete, wins a contest or reaches goals, testosterone is released.

“Men and Women have plenty of both and these hormones and when they are released, change your thinking therefore, your decision making. Unfortunately, the body can also overreact to stressors that are not life-threatening, such as traffic jams, work pressure, losing trades.”

The take away for me is after each trade, allow your body to return to a level of equanimity before you take your next trade. Keep your emotions in check.

Choose your opportunities wisely. Prepare for shocks, on inflation soft and hard data, Tomorrow we have a big number Consumer Price Index CPI pre cash market opening.

The Stock market will continue to reveal the battle between Push-Pull inflation with Tariff uncertainty through price action.

Tomorrow:

Econ Data: CPI

FED Speak: BlackOut Period

Earnings: Quiet

July Crude Oil

July crude oil made its low in April after it completed its fourth downside PriceCount objective. The low was tested and held; leading to the recent sideways range of trade. Now, the chart has broken out to the topside and activated upside counts with a first objective that projects a potential run to the $71 area.

Daily Levels for June 11th, 2025

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Find us on Trustpilot

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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

June First Notice/Last Trading Days, mini-SP lows; Your 3 Important Need-To-Knows for Trading Futures on June 10th, 2025

Posted on June 9, 2025 by Cannon Operations

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Fist Notice and Last Trading Dates for June.

Today was one of the lowest volume days I’ve seen in the mini-SP (ES or EP) contract in 2025!

Not sure if the market got tired from recent volatility?

Perhaps summertime and waiting for news?

But as a trader, especially a day trader, note that recently we have seen more choppy, lower volume days than strong trending days.

Below are the contracts which are entering First Notice or Last Trading Day for June.

Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to…

First Notice and ALL positions be exited the day prior to Last Trading Day.

Daily Levels for June 10th, 2025

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Find us on Trustpilot

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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Juneteenth 2025 Trading Schedule – Your Important Info for Trading Futures during the 3-day Juneteenth Window

Posted on June 9, 2025 by Cannon Operations

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Juneteenth 2025 Trading Schedule

juneteenth

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.

Cannon Trading Co., Inc.

12100 Wilshire Blvd.

Suite 1640

Los Angeles, CA 90025 US

TradingView Futures Platform

Posted on June 6, 2025June 5, 2025 by Ilan

Futures trading has entered a new era, driven by platforms that combine real-time analytics, intuitive design, and multi-device access. Leading the charge is the TradingView Futures Trading Platform, which continues to gain traction among both novice and professional traders. With its powerful features—ranging from advanced charting to seamless broker integration—TradingView stands out as a top-tier online futures trading platform. Cannon Trading Company proudly partners with TradingView to deliver an unparalleled futures trading experience.

What Is the TradingView Futures Trading Platform?

The TradingView Futures Trading Platform is a technically advanced, user-friendly online futures trading platform that empowers traders with deep market insights and precise execution tools. Available through the TradingView download, TradingView app, and TradingView Desktop, it offers global market access and real-time capabilities.

Whether you’re using the TradingView free version or exploring premium upgrades, the platform delivers an elite suite of features. Its standout component, the TradingView chart, presents real-time visualization of trends with the help of TradingView chart live data feeds from major exchanges.

Try a FREE Demo!

Core Features of TradingView for Futures Traders

Cutting-Edge Charting with Live Data
At the heart of the platform is the highly customizable TradingView chart engine, which includes:
- Multiple chart types: candlestick, bar, Heikin Ashi, and Renko.
- 100+ built-in technical indicators.
- Pine Script for custom strategies.
- Real-time insights via TradingView chart live updates.
The TradingView chart system offers the precision and flexibility essential for successful futures analysis.

Market Depth and DOM Visibility
Access to Level 2 data and DOM integration allows traders to observe bid/ask spreads and liquidity—critical for high-frequency and short-term strategies on the TradingView futures platform.

Economic Calendar and News Integration
News-driven traders benefit from the built-in economic calendar across all formats: TradingView Desktop, TradingView app, and web versions. Stay informed and responsive to market-moving events.

Seamless Cross-Device Trading
Whether you prefer desktop or mobile, TradingView download options are available for Windows, Mac, iOS, and Android. Access the TradingView Desktop, TradingView app, or browser-based version to ensure 24/7 trade management—wherever you are.

Strategy Testing and Optimization
Backtest your futures strategies using historical data and refine them using the TradingView futures platform’s simulation tools. This feature is essential for algorithmic and quantitative traders.

Practice Mode via Paper Trading
The TradingView free paper trading account simulates market conditions for low-risk skill development. Get hands-on with the TradingView chart live feed and fine-tune your methods before trading real capital.

Social Trading Ecosystem
Engage with the community through public ideas, shared strategies, and chatrooms. Use the TradingView futures platform to learn, adapt, and share your edge.

Broker Connectivity for Live Trading
With broker integration support, including Cannon Trading, users can execute trades in real time directly from the TradingView Desktop platform, assinsting in a streamlined experience.

Why Cannon Trading Company Enhances the TradingView Experience

TradingView Futures Platform

Decades of Professional Expertise
Founded in 1988, Cannon Trading offers over 35 years of experience in futures trading. Our expert team helps traders harness the full potential of tools like the TradingView chart, bridging advanced technology with market insight.

Strong Regulatory Track Record
A proud member of the NFA and regulated by the CFTC, Cannon Trading operates under strict compliance, making them a reliable partner for using a regulated online futures trading platform like TradingView.

Top-Rated Client Support
Cannon’s reputation is reflected in their 5-star reviews, with clients praising their fast execution and attentive customer service—especially helpful when setting up or troubleshooting the TradingView app or TradingView Desktop.

Free Access to Leading Platforms
Cannon offers free access to major trading platforms, including:

TradingView free platform integration.
CQG, MultiCharts, R-Trader, and Sierra Charts.
Mobile support across iOS and Android.

This flexibility ensures you can pair the TradingView chart system with other tools as needed.

Personalized Assistance
Cannon offers one-on-one support to connect your account to the TradingView desktop platform. We are able to assist in the fine-tuning of your TradingView Platform and optimize use based on your trading style.

Try a FREE Demo!

Getting Started with TradingView and Cannon Trading

Step 1: Create Your TradingView Account- Insert a link here for our website: https://cannontrading.com/software/tradingview

Use the TradingView download to install the TradingView app or TradingView Desktop.
Sign up for a TradingView free account and start exploring the platform’s features.

Step 2: Open an Account with Cannon Trading

Visit Cannon Trading’s official website: https://cannontrading.com/open-account/TradingView
Choose TradingView as your preferred futures trading platform.

Step 3: Integrate and Trade

Connect your Cannon credentials to the TradingView futures platform.
Analyze and act on TradingView chart live data for real-time trade execution.

Why TradingView + Cannon Is a Winning Combo

This partnership combines:

The power of a visually driven, analytical futures trading platform.
Cannon’s professional expertise, regulation-backed credibility, and personalized service.- NICE!

Together, the TradingView futures platform and Cannon Trading create a robust environment for anyone trading energies, metals, indices, or agricultural contracts.

The combined strengths of the TradingView Futures Trading Platform and Cannon Trading deliver next-level performance. From the sleek TradingView Desktop interface to mobile access via the TradingView app, and tools like the TradingView chart live feed, this ecosystem is designed for precision and speed.

By leveraging a TradingView free account and connecting through Cannon’s expert brokerage, you can unlock the full potential of one of today’s leading online futures trading platforms. With trust, tools, and tailored support, your futures trading journey starts here.

Try a FREE Demo!

Ready to start trading futures? Call us at 1(800)454-9572 (US) or (310)859-9572 (International), or email info@cannontrading.com to speak with one of our experienced, Series-3 licensed futures brokers and begin your futures trading journey with Cannon Trading Company today.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. Past performance is not indicative of future results. Carefully consider if 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.

Important: Trading commodity futures and options involves a substantial risk of loss. The recommendations contained in this article are opinions only and do not guarantee any profits. This article is for educational purposes. Past performances are not necessarily indicative of future results.

This article has been generated with the help of AI Technology and modified for accuracy and compliance.

Follow us on all socials: @cannontrading

CPI, PPI, WASDE, NFP, Futures Spreads, July Silver; Your 5 Important Need-To-Knows for Trading Futures the Week of June 9th, 2025

Posted on June 6, 2025 by Cannon Operations

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Cannon Futures Weekly Letter

In Today’s Issue #1245

The Week Ahead – CPI, PPI, Inflation and WASDE
Futures 102 – Understanding Futures Spreads
Hot Market of the Week – July Silver
Broker’s Trading System of the Week – Mini NASDAQ Day Trading System
Trading Levels for Next Week
Trading Reports for Next Week

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

cpi

CPI, PPI, NFP

Non-Farm Payrolls (NFP) came and went, the equities market liked the results. This week will feature a major Agricultural report WASDE, supply and demand numbers from around the globe, CPI and PPI.

No Fed speakers until after the FOMC Rate announcement 8 business days prior to the next FOMC rate decision, known as the blackout period, that encompasses all of next week. Light earnings, only 77 reporting as we are at the end of earnings season.

We will be rolling the Equity Index contracts to September (U) beginning next Friday.

Remember that current market drivers for Equities are hard data on Jobs, Inflation, Trump tweets (tariff talks not Elon small talk) and Geopolitics.

More volatility to come as next week all markets will be reacting to whatever comes out of the U.S. Govt leadership relating to conflicts cessation and trade deals. Therefore, increased volatility expectations with periodic choppiness as the administration Vs the Courts seem to also be in the middle innings of their tariff battle.

Earnings Next Week:

Mon. Midsize Retailers
Tue. Gamestop, More Retailers,
Wed. Oracle
Thu. Adobe
Fri. quiet

FED SPEECHES: (all time CDT)

Mon. FED
Tues. Black OUT
Wed. Period
Thu. No
Fri. Speakers until June 18th.

Economic Data week:

Mon. Wholesale inventories, Consumer Inflation Expectations
Tue. NFIB Bus. Optimism Index
Wed. CPI, EIA Crude oil stocks
Thur. PPI, Continuing jobless claims, EIA Nat Gas storage, WASDE
Fri. Mich. Consumer Sentiment

Understanding Futures Spreads

Course Overview

This course covers the definition of futures spread trades and why you may want to add spreads to your trading strategy. We will discuss the benefits of spread trading which include potential less risk and cost efficiencies. This course will introduce the different types of spreads used with various products.

START YOUR FREE INTERACTIVE COURSE NOW!

Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

July Silver

July silver is challenging its contract high from last fall. If the chart can break out with new sustained highs, we have open PriceCounts to the topside with the first objective projecting a possible run to the 38.45 area.

Brokers Trading System of the Week

Intra NASDAQ Trading System

Market Sector: Stock Index

Markets Traded: NQ -Mini Nasdaq 100

System Type: Day Trading

Risk per Trade: varies

Trading Rules: Partially Disclosed

Suggested Capital: $15,000

Developer Fee per contract: $90.00 Monthly Subscription

Get Started

Learn More

Disclaimer The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not necessarily indicative of future results.

IMPORTANT RISK DISCLOSURE

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.

The returns for trading systems listed throughout this website are hypothetical in that they represent returns in a model account.

The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real-time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on backadjusted data (backadjusted).

Please read carefully the CFTC required disclaimer regarding hypothetical results below. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.

NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING.

FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS.

THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

Please read full disclaimer HERE.

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Trading Levels for Next Week

Daily Levels for June 9th, 2025

Would you like to receive daily support & resistance levels?

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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com

Find us on Trustpilot

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.

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Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

E-Mini: Dow, Nasdaq, S&P 500; Jobs Report, July Hogs: Your 5 Important Need-To-Knows for Trading Futures on June 5th, 2025

Posted on June 4, 2025 by Cannon Operations

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What to Know Before Trading Futures on June 5th

Key points for tomorrow: E-Mini, Jobs Report

By Mark O’Brien, Senior Broker

U.S. stock index futures traded on both sides of the flatline into today’s close of trading with a lack of progress on tariff negotiations and economic data suggesting the uncertainty was taking a toll.

E-Mini

e-mini

At this typing, the E-mini S&P 500 index traded near unchanged, while the E-mini Dow Jones contract dipped ±100 pts and the E-mini Nasdaq pushed up ±67 pts.

Trade News

President Donald Trump stated he expected a call with Chinese leader Xi Jinping this week to discuss trade, though he also suggested it might be an uphill battle. Investors would welcome any thaw in trade relations with China, one of the U.S.’s largest trading partners.

Jobs Report

Meanwhile, investors also await the Labor Department’s monthly jobs report this Friday. The report could be a barometer of how much, if any, businesses are delaying hiring due to tariffs.

On Wednesday, payroll processor ADP said private-sector firms added just 37,000 workers in May, the lowest since March 2023, and well below Wall Street’s expectations of 115,000 workers. April’s tally was also revised down. ADP’s report is sometimes seen as a harbinger of the official government release, though it often misses the mark.

Also on Wednesday, the nonpartisan Congressional Budget Office said Trump’s tax bill will increase deficits by $2.4 trillion over the next decade. Investors and analysts have warned that elevated deficits will lead to higher interest rates, since the U.S. government will need to pay more to attract investors to buy its debt.

Meanwhile, a closely-watched gauge of business activity in the service sector fell below the line that separates growth from contraction in April. ISM’s Services Purchasing Managers Index was at 49.9 in May, the lowest in a year, and a reminder of the impact of trade war uncertainty.

July Hogs:

July hogs are challenging their contract highs. The chart has upside PriceCounts in place where a breakout into new sustained highs would project a possible run to the first count to the 112.28 area.

Daily Levels for June 5th, 2025

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)

Find us on Trustpilot

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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

Drawdowns, ISM, EIA Energy, Beige Book; Your 4 Important Need-To-Knows for Trading Futures on June 4th, 2025

Posted on June 3, 2025 by Cannon Operations

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Drawdowns

ISM, EIA Energy, Beige Book

By John Thorpe, Senior Broker

Relatively quiet day in most futures markets today,

Not much regularly scheduled economic or earnings news tomorrow with a glint of fed speakers, only 2.

The Drawdown

drawdown

Rather than doing a market recap today below is a brief I put together regarding drawdowns and the psychology of drawdowns: In my opinion, they are not a bad thing, in fact I believe that drawdown periods are a very sane and good thing for any solid strategy. Drawdown periods are very efficient to shake out weak traders from the strategy while smarter traders can pick up their money (which is the name of the game after all). The time that passes since the first equity high until we reach a new equity high is the drawdown period. So, a drawdown period has two dimensions:

The drawdown depth and the drawdown length.

Most people care about the drawdown depth as this is what is easier to see on back tests. However, the human the brain is much more affected by drawdown length. During live trading, it is easier to deal with a 10% drawdown for one week than with a 5% drawdown for five months.

Detailed statistical information about the strategy: Expected profit, expected drawdown, maximal drawdown depth and length, average win percentage, reward to risk ratio, …
Different scenarios and the actions to take (if any): intense and/or deep drawdown periods and what to do (or do nothing), whether to trade during Christmas time or summertime, whether to keep open positions during weekends or not, what to do after a losing year (or do nothing), funding and withdrawing plan, …
A very clear worst-case scenario: it is basically the “line in the sand” where we know that the strategy has lost it’s edge and something must be done (stop trading the strategy, adapting parameters, …). There are many ways to calculate it (double the max historical drawdown, using Montecarlo simulations, using regression lines multiplied by x times the standard deviation on the equity curve, …). In the end it is a number. The important thing is to have it written in the trading plan.

When facing a problem that generates pain or panic such as a sudden deep drawdown, most of the time, when analyzed with rigor and care, the problem is not so important, and everything is within expected statistics. You will see that there were many periods in the past with similar characteristics.

Market volatility is here to stay for the foreseeable future with its ebbs and flows.

Choose your opportunities wisely. Today’s market swings were largely back to normal (pre tariff talk normal)

Tomorrow:

Econ Data: ISM Services PMI, EIA Energy

FED Speak: 2

Earnings: Dollar Tree

Tariff news: Anything goes!

July Wheat – Corn Spread

It took a couple of attempts but the July wheat – corn spread has decisively broken out above the extended downtrend, and activated upside PriceCounts objectives in the process. The first count projects a possible run to the $1.20 area.

Daily Levels for June 4th, 2025

Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

Find us on Trustpilot

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.

Call Now

Join our Private Facebook group

Subscribe to our YouTube Channel

Listen to our podcast: Subscribe on Apple, Spotify, Amazon

or wherever you listen to podcasts!

RTrader Pro/Rithmic Futures Platform

Posted on June 2, 2025May 30, 2025 by Ilan

When it comes to choosing the best futures trading platform, traders need a Broker that offers robust technology, institutional-grade performance, and personalized service. Cannon Trading Company stands out as a premier destination for futures traders by delivering all of these and more. One of Cannon’s offerings is the RTrader Pro Futures Trading Platform, powered by the reliable Rithmic infrastructure—known for its low-latency, high-performance architecture. Whether you are new to futures or a seasoned professional, Cannon Trading’s expertise and support make the Rithmic futures platform not just accessible, but optimized for your trading success.

Try a FREE Demo!

Powering Performance: Rithmic Technology via Cannon Trading

At Cannon Trading, —you gain access to an elite-level ecosystem that leverages the full potential of RTrader Pro, Rithmic desktop, and Trader/Rithmic integrations. The Rithmic platform is trusted by professional prop firms and high-frequency traders for its ability to deliver precise execution and real-time data with minimal latency. Thanks to Cannon Trading’s seamless onboarding and expert support, accessing the Rithmic desktop demo or transitioning to live trading has never been easier.

Rithmic: An Ecosystem Built for High-Performance Futures Trading

The Rithmic system is a versatile architecture made possible by Rithmic’s cutting-edge APIs and exchange connectivity. Cannon Trading enhances this by providing direct guidance and brokerage support tailored to the Rithmic model. Whether you’re using the Rithmic desktop demo for practice or deploying algorithmic strategies on the Rithmic platform, you’ll find that Cannon Trading will support your needs.

RTrader Pro—a feature-rich platform that offers everything from customizable market depth to real-time P&L and trade analytics. Cannon Trading’s close collaboration with Rithmic ensures that every trader using the RTrader Pro Futures Trading Platform enjoys optimal reliability, performance, and customization.

Exclusive Features That Set Cannon Trading Apart

Ultra-Low Latency via the Rithmic Network
Cannon Trading maximizes the capabilities of the Rithmic futures platform, offering lightning-fast order routing across exchanges like CME, CBOT, and NYMEX. The Rithmic connection ensures you are never behind the curve—ideal for scalpers and algo traders.

Direct Market Access (DMA) and Advanced Execution
Through Cannon’s provision of the RTrader Pro interface, you gain full DMA to global futures exchanges. Coupled with the Rithmic desktop interface, you experience direct, institutional-grade order flow and transparency.- never heard of it

Professional Risk Management
Cannon’s integration with the RTrader Pro Futures Trading Platform includes sophisticated risk control tools and real-time position management. You are able to set loss limit and auto liquidation functions based on balance or percentage of the account.

Simulation and Strategy Testing with Rithmic Desktop Demo
Cannon clients benefit from a full Rithmic desktop demo environment, where they can simulate live markets using real-time data and latency profiles. It’s a perfect training ground before deploying real capital via the RTrader Pro interface.

Multi-Platform Integration
From Sierra Chart to MultiCharts and NinjaTrader, the Rithmic platform via Cannon Trading integrates seamlessly across top-tier tools. You can plug into the Trader/Rithmic infrastructure with the freedom to use the analysis software that fits your style.

Try a FREE Demo!

Built for All Types of Futures Traders

Cannon Trading ensures that every trader—regardless of experience level—gets the most out of the RTrader Pro Futures Trading Platform:

Day Traders benefit from low-latency execution and visual clarity using RTrader Pro and Rithmic desktop.
Algorithmic Traders utilize the powerful backend of Rithmic, enhanced by Cannon’s expert support and tech guidance.
Prop Traders and Institutions gain account segregation, real-time compliance monitoring, and robust analytics via Trader/Rithmic.
New Traders can practice and experiment confidently with the Rithmic desktop demo, supported by Cannon’s personalized training and resources.

Why Choose Cannon Trading Company?

Rithmic Futures Platform

Cannon Trading isn’t just a broker; it’s your trading partner. With decades of experience and a firm commitment to client success, Cannon enhances the RTrader Pro Futures Trading Platform by offering:

Personalized onboarding and training on RTrader Pro and Rithmic desktop.
Access to demo environments like the Rithmic desktop demo for education and testing.
Dedicated account reps to help you optimize your use of the Rithmic futures platform.
Institutional-grade infrastructure delivered to independent traders through the Trader/Rithmic model.

When you choose Cannon, you’re choosing excellence, expertise, and execution—all powered by the leading Rithmic platform technologies.

For futures traders who demand performance, flexibility, and professional-grade tools, there is no better choice than Cannon Trading Company. By providing direct access to the RTrader Pro Futures Trading Platform, supporting simulation via the Rithmic desktop demo, and enabling elite-level trading with the Rithmic platform, Cannon Trading is the broker that makes a real difference.

Step into the world of advanced trading today with the Trader/Rithmic ecosystem—available now through Cannon Trading. Elevate your futures trading experience with the best tools and the most trusted support in the industry.

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This article has been generated with the help of AI Technology and modified for accuracy and compliance.

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First Notice/Last Trading Day; Your 2 Important Need-To-Knows for Trading Futures going into June 2025

Posted on June 2, 2025 by Cannon Operations

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Fist Notice and Last Trading Dates for June.

first notice

Below are the contracts which are entering First Notice or Last Trading Day for June.

Be advised, for contracts that are deliverable, it is requested that all LONG positions be exited two days prior to First Notice and ALL positions be exited the day prior to Last Trading Day.

Daily Levels for June 3rd, 2025

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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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.

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Win the Inside Game!

By John Thorpe, Senior Broker

Win the Inside Game, Crude Oil

Tomorrow:

July Crude Oil

Daily Levels for June 11th, 2025

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Fist Notice and Last Trading Dates for June.

First Notice and ALL positions be exited the day prior to Last Trading Day.

Daily Levels for June 10th, 2025

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Economic Reports

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Juneteenth 2025 Trading Schedule

What Is the TradingView Futures Trading Platform?

Core Features of TradingView for Futures Traders

Getting Started with TradingView and Cannon Trading

Step 1: Create Your TradingView Account- Insert a link here for our website: https://cannontrading.com/software/tradingview

Why TradingView + Cannon Is a Winning Combo

Cannon Futures Weekly Letter

In Today’s Issue #1245

The Week Ahead – CPI, PPI, Inflation and WASDE

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

Understanding Futures Spreads

Course Overview

Hot Market of the Week

July Silver

Brokers Trading System of the Week

Would you like to get weekly updates on real-time, results of systems mentioned above?

Trading Levels for Next Week

Daily Levels for June 9th, 2025

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What to Know Before Trading Futures on June 5th

Key points for tomorrow: E-Mini, Jobs Report

By Mark O’Brien, Senior Broker

E-Mini

Trade News

Jobs Report

July Hogs:

Daily Levels for June 5th, 2025

Economic Reports

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Drawdowns

ISM, EIA Energy, Beige Book

By John Thorpe, Senior Broker

The Drawdown

The drawdown depth and the drawdown length.

July Wheat – Corn Spread

Daily Levels for June 4th, 2025

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