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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 February 10, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Few pointers for you day-traders out there. I am sure you have heard some from different resources but never hurts to read and absorb this again:
- Be patient
- Limit the number of hours you trade
- Know your DAILY risk before the day begins and this will dictate
- the number of contracts you trade
- Choose markets with high liquidity. Try to follow more than one market for diversification.
- Know what reports come out every day and their impact on the markets
- Understand that even the best methods will have losing days
- Learn to accept loses
- use RISK CAPITAL only
- Don’t try to trade and do other things at the same time….
- Educate yourself
- Keep a trading journal
- Evolve, be flexible.
