Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
With the recent volatility, I thought this would be a good share…..
Most Common Pitfalls To Avoid When Trading Futures-Commodity Futures
500 experienced futures brokers were asked what caused most futures traders to lose money when comes to trading futures.
Their answers reflected the trading experience of more than 10,000 futures traders. Download the PDF and find out what they said.
1.) Have a Plan
Many futures traders trade without a plan.
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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
|Contract March 2018||SP500||Nasdaq100||Dow Jones||Mini Russell||BitCoin Index|
|Contract||Apr. Gold||Mar. Silver||Apr. Crude Oil||Mar. Bonds||Mar. Euro|
|Resistance 3||1358.7||16.83||63.64||144 21/32||1.2529|
|Resistance 2||1356.4||16.76||63.07||144 18/32||1.2493|
|Resistance 1||1353.0||16.71||62.63||144 9/32||1.2462|
|Support 1||1347.3||16.59||61.62||143 29/32||1.2395|
|Support 2||1345.0||16.52||61.05||143 26/32||1.2359|
|Support 3||1341.6||16.47||60.61||143 17/32||1.2328|
|Contract||Mar. Corn||Mar. Wheat||March Beans||Mar. SoyMeal||Mar. Nat Gas|
Economic Reports, source:
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.