Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday March 26, 2013
For 2013 I would like to wish all of you discipline and patience in your trading!
The mental part of trading and especially day-trading is so big!….
So many ways one can make a mistake.
Here are just a few…
Not placing a stop when you normally do
Setting up daily target profits and daily loss limits and then not following it….
and the list goes on and on.
I think the biggest battle, once one has a method he or she feels comfortable and confident with is to follow one of the simplest, oldest rules in our business:
“Plan your trade, trade your plan”
On a different note, Happy Passover !
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.