Futures Trading Levels for Oct. 28th 2021
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Get Real Time updates and more on our private FB group!
Today is the day for some futures market philosophy.
But first, a heads up: Start trading in January beans – November beans entering first notice day.
You should be already trading December natural gas.
“Every battle is won or lost before it is ever fought.”
The Art of War
This passage that dates back the 6th century B.C. , can aptly be applied to trading futures. Prepare for each trade and set your risk. If the initial outcome is favorable, use your enemy’s (the market’s) resources (move your stop) to sustain your trading.
Don’t engage in extended battles (over trade) and consume your resources (money, time, mental energy).
Your “enemy,” (the market) only has the power to destroy your account if you let it.
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
Support & Resistance Levels for 10/28/2021
Did you know?
Economic Reports, source:
Better Trader Report 10/28/2021
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.
Tags: Basics of Futures Trading > Basics of Trading Futures > Daily Support & Resistance Levels > Daily Support and Resistance > Daily Support and Resistance Levels
Posted in: Charts & Indicators | Future Trading News | Futures Trading | futures trading education