Day-Trading Emini Index Futures

Day-Trading Emini Index Futures

Advice from a Seasoned Broker w/ Current Market Conditions & Support and Resistance Levels 12.08.2021

December 7th, 2021 Filed under Day Trading, Future Trading News, Index Futures | Comment (0)

I am often asked by clients and prospects the following:
“I am not doing very well in my current trading – any ideas you can share?”
While the answer will vary from one individual to another based on their experience, risk capital, personality and much more, here are a few common themes one can explore and try to educate oneself:
  1. Try a different market. Many will trade the NQ and ES but perhaps trading markets like bonds, gold and crude oil will fit your situation better?
  2. Try using different time frames. Most common is use higher time frames and less leverage
  3. Get confidence using MICROS. Practice and confidence are extremely important. After a while demo lacks the main Ingredients: fear and greed. Trading live using MICROS can be a worthy extra step.
  4. Have you looked at using options for short term trading rather than futures?
  5. Have you explored trading futures alongside options and using the options as risk management?
  6. What about future spreads?
  7. Option Spreads?
The bottom line is that trading futures is a tough task but there are many different ways to try and get an edge. Not all ways will fit all traders. Learn, explore and try to find your niche.

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 when it comes to Futures Trading.


Futures Trading Levels



Economic Reports, Source: 


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.

Futures Levels & Economic Reports 3.25.2014

March 24th, 2014 Filed under Commodity Trading, Future Trading News, Futures Trading | Comment (0)

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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 March 25, 2014

Hello Traders,

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

Day-Trading Emini Index Futures – 9 Key Trading Concepts by’s 9 Rules to help keep you in the 10% winning club Vs 90% of traders who lose money.

Trading is inherently risky but by following eight fundamental money management rules you can keep your capital safer while building your trading experience.

1. Look for high volume markets with a thin spread, so orders are filled quickly and it has high volatility, so there are opportunities for 2 to 4 good trades during the day. The Emini S&P500 Index Future is a good example of this type of market (Each point is worth $50, split into 4 ticks of $12.50 and there are 4 contracts a year, traded on the Chicago Mercantile Exchange).

2. Only risk 1% of your capital per trade, then your capital can absorb 100 consecutive bad trades. Even the best systems can expect 20% loosing trades, so the 1% rule gives you room to maneuver.

3. $10-$15k is the minimum recommended risk capital you should have per Emini S&P500 contract traded – then if you lose $1000-$1500 it only represents 10% of you capital, which is recoverable compared to a $3k account where the same loss equals 50% of your account, consequently you are more likely to lose the remainder of your capital rather than recover the loss.

4. Limit the hours you trade – we prefer the first 60-90 minutes, when typically there is a good trend before the lunch time chop – many professional traders trade this time period.

5. Limit the number of trades you make per day – 2-6 is good as the Emini usually has up to 3 trends per day and you should aim to catch 1-2 out of the 3. Overtrading racks up commission fees and increases the risk of revenge trading. A few ticks loss per trade quickly mounts up – 4 trades fired like a machine gun can easily become four losers, at 8 tick stops, that’s $400 loss, 4% of a $10k account. Patience is key, stalk trades.

6. On any one day stop trading when losses hit 5-10% of capital, which is recoverable, and indicates you are reading the market wrong, so stop, evaluate your errors and record them in your Trading Journal.

Read the rest of this entry »

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