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Insights from a Day Trader 2.27.2018

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

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Trading 102: Insights from a Day Trader on preparing for the trading day, mental notes and much more – Written by a current, active day-trader

The following was shared with me by a client of ours, an international trader, who has been trading with us for a few years now. I was VERY IMPRESSED with the content and the thoughts behind this so I asked his permission to share this with our readers and he agreed. The content was originally written in another language and the translation below is intended to try and preserve some of the authenticity of the writing….

Focusing for the Trading Day

  1. I believe that you can earn and make a living from intraday trading on futures contracts. It is very difficult but achievable.
  2. Responsibility – I am absolutely responsible for being an intraday trader in general and for my trading activities in particular. This responsibility is comprehensive, expansive (also subjects that are not directly responsible for me – they are my responsibility !!!) and can not be divided.
  3. My trading plan is orderly and has a positive financial profit expectancy. I believe in her.
Read More

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.

Futures Trading Levels

2-27-2018 

Contract March 2018  SP500 Nasdaq100 Dow Jones Mini Russell BitCoin Index
Resistance 3 2834.58 7135.67 26273 1584.30 11698.33
Resistance 2 2808.42 7065.83 25997 1572.90 11021.67
Resistance 1 2794.83 7029.67 25853 1566.10 10623.33
Pivot 2768.67 6959.83 25577 1554.70 9946.67
Support 1 2755.08 6923.67 25433 1547.90 9548.33
Support 2 2728.92 6853.83 25157 1536.50 8871.67
Support 3 2715.33 6817.67 25013 1529.70 8473.33
Contract Apr. Gold Mar. Silver Apr. Crude Oil Mar.  Bonds Mar.  Euro
Resistance 3 1357.5 17.09 65.65 144  7/32 1.2446
Resistance 2 1350.2 16.94 64.94 144 1.2409
Resistance 1 1342.6 16.80 64.47 143 18/32 1.2369
Pivot 1335.3 16.65 63.76 143 11/32 1.2332
Support 1 1327.7 16.52 63.29 142 29/32 1.2292
Support 2 1320.4 16.37 62.58 142 22/32 1.2255
Support 3 1312.8 16.23 62.11 142  8/32 1.2215
Contract May  Corn May Wheat May Beans May SoyMeal Apr. Nat Gas
Resistance 3 372.0 485.1 1068.83 389.97 2.81
Resistance 2 371.0 480.9 1064.17 387.83 2.77
Resistance 1 369.8 476.8 1055.08 384.07 2.73
Pivot 368.8 472.7 1050.42 381.93 2.68
Support 1 367.5 468.6 1041.3 378.2 2.6
Support 2 366.5 464.4 1036.67 376.03 2.60
Support 3 365.3 460.3 1027.58 372.27 2.56

Economic Reports, source: 

http://app.bettertrader.co

Economic Reports - Tuesday, Feb 27th

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: > > > Posted in: Day Trading   | Future Trading News  

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