Day Trading Stocks vs Futures 2.16.2017
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Day Trading Futures vs. Day Trading Stocks
No Downtick Rule
With Futures there are NO downtick and/or short sale rules as found in daytrading equities. No boxing of positions and no bullets. You can instantly short anytime at any price.
Tax Advantage
Commodities are taxed differently than securities. The net gain or loss from trading commodities is reported on schedule D (capital gains and losses); 60 % of the amount is taxed as a long-term capital gain and 40% is taxed as a short-term capital gain. Active Securities Traders have all gains taxed as short term vs. commodities traders who have the above treatment.
24 Hour Market Access
With Electronic Screen traded E-Mini Contracts you can access the market during regular equity trading hours, after hours and during the night. This makes trading news easier as many news events happen after 3:00 pm and late in the afternoons.
More Leverage
You can control more exposure with the same capital than in equities.
Lower Cost Commissions It costs an average of $5-$9 per ticket to actively trade equities, compared with futures where it is $1.26 to $2.00 per ticket – less than half the price.
The Catch?
They can be more risky than equities.
Trading the E-Mini futures contracts can be more exciting and faster paced than traditional equity markets day trading. Your emotional swings can be more excessive with futures because they are so much more liquid than the equity markets that you may be used to trading. And you have more leverage to play with. These products are for professionals only. Please read carefully the risk disclosure forms on this site and all of the risk disclosure forms found in your account paperwork before considering trading futures.
More Trading Education available here!
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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Levels for Trade Date of 02.16.2017
| Contract March 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2373.58 | 5359.17 | 20783 | 1429.83 | 102.31 |
| Resistance 2 | 2361.67 | 5332.58 | 20694 | 1417.67 | 102.03 |
| Resistance 1 | 2355.08 | 5318.42 | 20647 | 1410.93 | 101.53 |
| Pivot | 2343.17 | 5291.83 | 20558 | 1398.77 | 101.25 |
| Support 1 | 2336.58 | 5277.67 | 20511 | 1392.03 | 100.76 |
| Support 2 | 2324.67 | 5251.08 | 20422 | 1379.87 | 100.48 |
| Support 3 | 2318.08 | 5236.92 | 20375 | 1373.13 | 99.98 |
| Contract | Apr. Gold | March Silver | Mar. Crude Oil | Mar. Bonds | March Euro |
| Resistance 3 | 1256.5 | 18.29 | 54.22 | 152 | 1.0732 |
| Resistance 2 | 1245.5 | 18.14 | 53.87 | 151 12/32 | 1.0676 |
| Resistance 1 | 1239.6 | 18.05 | 53.44 | 150 23/32 | 1.0644 |
| Pivot | 1228.6 | 17.90 | 53.09 | 150 3/32 | 1.0588 |
| Support 1 | 1222.7 | 17.82 | 52.66 | 149 14/32 | 1.0556 |
| Support 2 | 1211.7 | 17.67 | 52.31 | 148 26/32 | 1.0500 |
| Support 3 | 1205.8 | 17.58 | 51.88 | 148 5/32 | 1.0468 |
| Contract | March Corn | March Wheat | Mar. Beans | March SoyMeal | Mar. Nat Gas |
| Resistance 3 | 388.5 | 466.7 | 1089.67 | 360.73 | 3.06 |
| Resistance 2 | 383.8 | 461.1 | 1075.58 | 353.97 | 3.03 |
| Resistance 1 | 381.3 | 457.9 | 1068.42 | 350.43 | 2.98 |
| Pivot | 376.5 | 452.3 | 1054.33 | 343.67 | 2.95 |
| Support 1 | 374.0 | 449.2 | 1047.2 | 340.1 | 2.9 |
| Support 2 | 369.3 | 443.6 | 1033.08 | 333.37 | 2.86 |
| Support 3 | 366.8 | 440.4 | 1025.92 | 329.83 | 2.82 |
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 3:54pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuFeb 16 | 4:00am | EUR |
Italian Trade Balance
|
4.00B | 4.20B | ||||
| Tentative | EUR |
Spanish 10-y Bond Auction
|
1.45|1.4 | ||||||
| 7:30am | EUR |
ECB Monetary Policy Meeting Accounts
|
|||||||
| 8:30am | USD |
Building Permits
|
1.23M | 1.21M | |||||
| USD |
Philly Fed Manufacturing Index
|
18.5 | 23.6 | ||||||
| USD |
Unemployment Claims
|
243K | 234K | ||||||
| USD |
Housing Starts
|
1.23M | 1.23M | ||||||
| 10:30am | USD |
Natural Gas Storage
|
-130B | -152B |
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.
