Trading Futures


Top 5 mistakes traders make and 4th of July trading hours 6.29.2017

June 28th, 2017 Filed under Future Trading News | Comment (0)

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

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Excellent, short article by yours truly…..

Trading Futures: 5 Big Mistakes Beginners Should Avoid Making

 Trading futures is a tough business, but if you are one of the very few that can succeed, this could be a very lucrative business as well

Ilan Levy-Mayer| June 27, 2017 |

I have seen quite a bit since I became a broker in 1998. Some war stories to share about the markets, some crazy moves and much more in between. I was trading futures with clients on the sad Sept. 11th 2001 day when the planes hit and the markets were plunging before they were closed for almost a week. I witnessed the meat contracts making limit up and limit down moves over the years and much more…..

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Walk before you Run!! – Trading Futures 6.21.2017

June 20th, 2017 Filed under Future Trading News | Comment (0)

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

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Walk before you run

By Cannon Trading staff

The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most futures traders? Read the rest of this entry »


Mental Stops? – Trading Futures 8.25.2016

August 24th, 2016 Filed under Future Trading News | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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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 Thursday August 25, 2016

Hello Traders,

Greetings!

Mental Stops…..

Every so often I hear clients tell me, ” they don’t use hard stops…they use mental stops”

While the mental stop idea can work 8 out of 10 times, the 1-2 times it does not work will wipe out your account.

Try using mental stops when you were trading crude yesterday and all of a sudden news about Iran looking to comply with production hit the market and market went up over 80 cents in few minutes…

or maybe you had a mental stop on long gold early this morning when all of a sudden in a few minutes gold dropped $14 per contract.

I have seen it happen before with the SP and other stock indices, I have seen it happen in all markets I watch and trade at one time. it’s not a question if, but rather when. Big moves happened and will happen. Not every day, not in every market at the same time but they will happen in all markets at one given time or another.

So unless you have unlimited amounts of risk capital and/ or crystal ball-  use hard stops in the system OR learn how to hedge your positions using options and weekly options.

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Walk Before You Run When Trading Futures 1.05.2016

January 4th, 2016 Filed under Future Trading News, Futures Trading | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

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 January 5, 2016

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Hope everyone had a great holiday season and some time off with family and friends. I wish all of you the best in trading in 2016 specifically and in all aspects of life in general.

Great article to start your trading in 2016:

Walk before you run

By Cannon Trading staff

The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most traders?

One of the most prevalent misconceptions for inexperienced traders is that they believe themselves to be smarter than the rest of the market participants. They under estimate the qualifications and abilities of the rest of the futures markets professionals. This business of trading is dominated by very dedicated, resourceful professionals who have invested lots of time and assets into their pursuit of trading profits. Competing against these seasoned professionals is not impossible but going it alone, especially initially, is usually not the most prudent course of action for new traders.

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Volatility returns to Energy and Metal Futures; Economic Reports and Levels 9.03.2014

September 2nd, 2014 Filed under Future Trading News | Comment (0)

Hello Traders,

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

It seems that both volume and volatility came back from the long weekend…

BIG moves in energy and metals sector along with improved range and volume in stock indices.

I suspect this will continue the rest of this week with more reports ahead including Friday’s monthly employment levels.

Something my colleague mentioned to me today reminded me how “unnatural” trading can be for the human mind….As we are executing some trading systems on behalf of clients here at Cannon, one of the trading systems is a breakout system which caught the big sell off today in Crude, heating oil and gold ….( this is by no means to say that this system does this every day or anything of the sort but simply to provide an example of the following….): As the markets were moving in the direction the system wanted , my colleague mentioned, ” wish we could take profits now…” and it reminded me of one of the basic mistakes we all do. Taking profits too early and letting losses ride too long…The system which we execute under a letter of direction, ended up making quite a bit more by riding the trend rather than “taking profits now”  and while this is not to imply that this happens all the time, my opinion is that many traders , day traders and long term traders take out profits too quickly and stay in losers too long. The reason? Our human mind wants to see the profits as “ours”, i.e closed profits so we can know for sure this was a win….vise versa on the losing side…we refuse to close losses  because as long as the trade is open we have a chance for it to reverse, once we close it, it is a done deal, it is a closed losing trade….

So the point of the story is, that many times while trading we need to fight the urge to do what feels comfortable and rather do what we researched and believed produce results over time (assuming you do have a method/concept you researched and believed in…..)

Wishing you a great trading month ahead!

 

 

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