Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Cannon Trading / E-Futures.com
Below is a daily chart of the mini SP 500 for your review.
Daily E-Mini S&P 500 futures trading chart screenshot from today March 22th 2011
Also few “Mental pointers” as refreshers. These pointers are taken from a 23 page guide I recently finished which serves as a guide to the daily chart service I offer:
Quick Pointers on the Vast Subject of Trading Psychology
Trading is SO MUCH MENTAL, once you have a concept you believe in, have confidence in it. After that there is a lot of psychological work….
- Ability to take losses and know not every trade will be a winner and not every day will be a winner
- Ability to stay patient and NOT feel that if you are NOT trading, you are NOT doing your job….
- The confidence to stay in winning trades and the discipline to get out of losing trades
- Allowing trades some time to work
- Not getting down on yourself for “could have should have etc”
Being a hard worker and keeping a journal after certain trading days can only be beneficial for yourself. Being a hard worker, putting in the time and effort to learn new approaches and set ups before deciding if it’s worthy or not.
To get this 23 page guide along with a free trial to my daily chart service where I share set ups for mini SP500, Crude oil and Euro currency please visit our website.
Economic Reports Wednesday March 23, 2011
FOMC Member Fisher Speaks
New Home Sales
Crude Oil Inventories
Fed Chairman Bernanke Speaks
Economics Report Source: http://www.forexfactory.com/calendar.php
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 herein 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 judgment in trading!