March 21st, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, E-Mini Futures, Future Trading News, Futures Broker, Futures Trading, futures trading education | Comment (0)
Many experienced traders say that the stiffest challenge you’ll face in becoming a futures trader is conquering your own psyche. Why? Because losing is part of trading, and people hate to lose.
In this “Trading Psychology” Course you will learn:
Grow Your Trading – Start Now!
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* 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.
March 13th, 2024 Filed under Bitcoin Futures, Commodity Brokers, Commodity Trading, Economic Trading, Future Trading News, Futures Broker, Futures Trading, futures trading education, Trading Guide | Comment (0)
By Mark O’Brien
Heads up:
Keep an eye out for the second of this week’s inflation reports: the Bureau of Labor Statistics’ Producer Price Index. The report will be released tomorrow, 7:30 A.M., Central Time.
Energy:
This morning, the Energy Information Agency released its weekly crude oil stocks report and the data was a bullish curveball showing a surprise withdrawal in U.S. crude inventories and a bigger-than-expected drop in U.S. gasoline stocks. April RBOB gasoline futures rose over seven cents as of this typing – a ±$3,000 per contract move – up to ±$2.66 per gallon, close to 6-month highs. Spurring the price increase, Ukrainian drone attacks struck several oil refining facilities in Russia for the second day, damaging its refining capacity
Metals:
In concert with the month-long slump in the U.S. dollar and a lingering expectation the Fed will reduce borrowing costs this June, today gold is chipping away at its ±$20 sell-off Monday and poised to around its prior all-time high close (basis April): $2,188.60/oz. As of this typing, April gold is ±$2,177.00.
Indexes:
All three major stock indexes have sustained trading near their all-time highs this week – after the Personal Consumption & Expenditures Price Index on April 1st (the Fed’s preferred U.S. inflation gauge), February’s non-farm payrolls last Friday and Tuesday’s higher-than-expected CPI reading yesterday. As of this typing, prices are mixed ahead of tomorrow’s release of the Bureau of Labor Statistics’ Producer Price Index.
Softs:
So far, the king of all-time highs this week is not Bitcoin (see below). It’s Cocoa. The May cocoa contract broke above $7,000/ton, nearly $2,000/ton higher over the last month – a ±$20,000 per contract move, including today’s 361-point ($3,6010) move today – with “no top in sight,” stated by The Hightower Report.
Crypto:
March Bitcoin futures are set to close at a new all-time high above 73,000 today. With the Bitcoin ETF now trading, remember that the world’s largest futures and options exchange – the CME Group – offers Bitcoin and Micro Bitcoin futures and options with efficient price discovery in transparent futures markets, prices based on the regulated CME CF Bitcoin Reference Rate (BRR) and easily traded on your supported trading platform. Make it your choice for managing cryptocurrency risk.
Plan your trade and trade your plan
Watch video below on how to rollover from March to June contracts if you are a stock index trader on our E-Futures Platform!
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here
* 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.
March 12th, 2024 Filed under Day Trading, Future Trading News, Future Trading Platform, Futures Trading, futures trading education, Index Futures, Indices, Trading Guide | Comment (0)
Maintaining a trading journal is a critical practice for any trader who aims to achieve long-term success in the markets. This meticulous record-keeping serves several vital functions that contribute to a trader’s development and strategy refinement.
Self-Reflection and Accountability: A trading journal fosters a habit of self-reflection. By documenting the details of each trade, including the rationale behind entry and exit points, traders can review their decisions objectively. This process encourages accountability and helps traders to recognize patterns in their trading behavior, both successful and detrimental.
Strategy Optimization: Over time, a trading journal becomes a valuable data repository that traders can analyze to fine-tune their strategies. By identifying what works and what doesn’t, traders can make informed adjustments to their approach, discard ineffective methods, and capitalize on strategies that yield positive outcomes.
Emotional Regulation: Trading can be an emotional endeavor, and a journal can act as a stabilizing force. By committing to a disciplined recording of trades, traders can distance themselves from the emotional highs and lows of market volatility. This emotional detachment is crucial for making rational, data-driven decisions.
Performance Tracking: A trading journal enables traders to track their performance over time. It provides a clear picture of profit and loss, helping traders to assess their financial progress and set realistic goals for future trades.
Learning Tool: For novice traders, a journal is an invaluable learning tool. It allows them to learn from their mistakes and successes, accelerating their journey towards becoming proficient traders.
In essence, a trading journal is more than just a record of transactions; it is a trader’s roadmap to continuous improvement and strategic mastery. It is an indispensable tool for anyone serious about excelling in the dynamic world of trading.
Plan your trade and trade your plan
Watch video below on how to rollover from March to June contracts if you are a stock index trader on our E-Futures Platform!
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here
* 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.
March 8th, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, futures trading education, Grain Futures, Trading Guide, Trading Wheat Futures, Weekly Newsletter | Comment (0)
Important Notices –
Trading Reports for Next Week
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here
* 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.
March 1st, 2024 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading News, Futures Broker, Futures Trading, futures trading education | Comment (0)
Cannon Futures Weekly Letter Issue # 1184
Plan your trade and trade your plan
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Trade Alert Sample for Crude Oil futures below
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Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here
* 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.
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