Knowing what you don’t know in the markets…..8-16-2017

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Knowing What You Don’t Know in Trading Markets
The headline of this educational feature may be a bit confusing, but I will explain what I mean shortly. First, I want to reiterate that trading futures, stock and FOREX markets is not an easy undertaking. It disgusts me that there are a few unsavory people in our industry that portray trading as an easy, get-rich-quick scheme, or as some endeavor for which there are “secrets” to be learned from those who hold “trading secrets.”
Folks, the plain truth is that there are no trading secrets and no easy paths to quick success in trading markets. Beware of anyone who tries to tell (or sell) you such.
One of the biggest obstacles to success in trading markets is a lack of knowledge and understanding of the process of trading. The “process of trading” includes understanding financial leverage, market behavior and trader psychology. Understanding the process of trading can be achieved with perseverance and a willingness to continue to learn.

Continue reading “Knowing what you don’t know in the markets…..8-16-2017”

Track your Trading and do what you do best….. 8.15.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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Back at my desk after 2 weeks vacation, hope you enjoyed the quiet of “no commentary”….
I must be honest, not much changed in the markets….Seems like GeoPolitical events or should I say noise are moving different markets up and down. The good news is that I see a bit more wider ranges and volatility which is what most day traders are looking for.
Crude, gold, bonds and Stock Indices in this order, seem to have the best intraday moves although natural Gas woke up a bit and the grains continue their summer volatility.
Like I mentioned before on this blog, know your strengths and weaknesses. Is there a specific market you trade better than others? Are there times of the day that you do better at?

Continue reading “Track your Trading and do what you do best….. 8.15.2017”

Support and Resistance levels for 8.10.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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There will be no market commentary today.

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.

Continue reading “Support and Resistance levels for 8.10.2017”

Support and Resistance levels for 8.09.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

_____________________________________________________________

There will be no market commentary today.

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.

Continue reading “Support and Resistance levels for 8.09.2017”

Support and Resistance levels for 8.08.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

_____________________________________________________________

There will be no market commentary today.

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.

Continue reading “Support and Resistance levels for 8.08.2017”

Support and Resistance levels for 8.04.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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There will be no market commentary today.

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.

Continue reading “Support and Resistance levels for 8.04.2017”

Support and Resistance levels for 8.02.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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There will be no market commentary today.

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.

Continue reading “Support and Resistance levels for 8.02.2017”

Support and Resistance Levels for 8.01.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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There will be no market commentary today.

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.

Continue reading “Support and Resistance Levels for 8.01.2017”

Live Cattle Chart for Review along with Support and Resistance levels for Friday 7.28.2017

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Chart of the day for review:

October cattle to fill the gap at 117 level on a counter trend bounce?

Continue reading “Live Cattle Chart for Review along with Support and Resistance levels for Friday 7.28.2017”

FOMC is behind us. There other markets to daytrade besides the ES….. 7.27.2017

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!! 

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FOMC is behind us. No surprises today and reaction so far has been mild. Metals up, bonds up and stocks slightly down.

The REAL reaction is usually the next day….

I have spoken to many different clients these past few months, discussing some other markets I like to follow and think are suitable for day trading. While the ES is the most liquid, over the last few years we have seen way too many “dead days”. There is nothing wrong with “dead days”, some traders LOVE those quiet, choppy days. I don’t.

Take a look at markets like crude oil, gold, bonds. Observe for a few days if you have not before. Get a feel for their personality and behaviour and feel free to call any of our professional brokers at + 310 859 9572 with any questions. We will be happy to provide feedback and answer questions.

Continue reading “FOMC is behind us. There other markets to daytrade besides the ES….. 7.27.2017”