{"id":17011,"date":"2021-07-29T12:04:13","date_gmt":"2021-07-29T20:04:13","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17011"},"modified":"2021-07-29T12:04:13","modified_gmt":"2021-07-29T20:04:13","slug":"most-common-pitfalls-to-avoid-when-trading-futures-support-and-resistance-levels-7-30-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/most-common-pitfalls-to-avoid-when-trading-futures-support-and-resistance-levels-7-30-2021\/","title":{"rendered":"Most Common Pitfalls To Avoid When Trading Futures &#038; Support and Resistance Levels 7.30.2021"},"content":{"rendered":"<p>Dear Traders,<\/p>\n<div style=\"text-align: center;\">\n<div>Get Real Time updates and\u00a0more on our private FB group!<\/div>\n<div><a href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001KRg6On04gjknOfysn89cEhkyXgAxXigZc1_AdekBblRz4Cwp2yofkpGH8rpms9Q30D0wjhFS1q8yG11pQf1KRy2bpIyH4uwMgzWcI-wb74TdqgA-DQitbpTeoWmib8qwdH8ve86kM_6EWihst10TitotvFRrtw2C0HgnNGJLkXUXb6ec7AaQGNxU6EuLQxHI&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><img decoding=\"async\" class=\"global_separator\" title=\"Separator\" src=\"\/css\/images\/global\/separator_620.png\" alt=\"Separator\" \/><\/div>\n<div style=\"text-align: center;\"><\/div>\n<div style=\"text-align: center;\"><\/div>\n<div style=\"text-align: center;\">\n<h2 align=\"center\">Most Common Pitfalls To Avoid When Trading Futures-Commodity Futures<\/h2>\n<div align=\"center\"><\/div>\n<div align=\"justify\">500 experienced\u00a0<a href=\"https:\/\/www.cannontrading.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">futures brokers<\/a>\u00a0were asked what caused most futures traders to lose money when comes to trading futures.<\/div>\n<div align=\"justify\">Their answers reflected the trading experience of more than 10,000 futures traders.\u00a0\u00a0Download the PDF and find out what they said.<\/div>\n<div align=\"justify\"><\/div>\n<div>1) Have A Plan<\/div>\n<div align=\"justify\">Many\u00a0<a href=\"https:\/\/www.cannontrading.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">futures traders<\/a>\u00a0trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they &#8220;second guess&#8221; it and don&#8217;t stick to it, particularly if the trade is a loss. Consequently, they overtrade and use their equity to the limit (are undercapitalized), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones.<\/div>\n<div align=\"justify\"><\/div>\n<div>2) News Factor<\/div>\n<div align=\"justify\">Many traders don&#8217;t realize the news they hear and read has, in many cases, already been discounted by the market.<\/div>\n<div align=\"justify\"><\/div>\n<div>3) Trade Objectively<\/div>\n<div align=\"justify\">After several profitable trades, many speculators become wild and non conservative. They base their trades on hunches and long shots, rather than sound fundamental and technical reasoning, or put their money into one deal that &#8220;can&#8217;t fail.&#8221;<\/div>\n<div align=\"justify\"><\/div>\n<div>4) Know Your Size<\/div>\n<div align=\"justify\">Traders often try to carry too big a position with too little capital and trade too frequently for the size of the account.<\/div>\n<div align=\"justify\"><\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/tools\/education-top-50-futures-trading-rules\" target=\"_blank\" rel=\"noopener noreferrer\">FINISH ARTICLE<\/a><\/div>\n<\/div>\n<div style=\"text-align: center;\"><\/div>\n<div><\/div>\n<h3 style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><strong>Good Trading<\/strong><\/h3>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\">Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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 when it comes to Futures Trading.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Futures Trading Levels<\/strong><\/h3>\n<p><strong>7-30-2021<\/strong><\/p>\n<div style=\"text-align: left;\"><\/div>\n<h3><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/4d17c199-0e48-4955-8428-f75b092897e9.png\" alt=\"\" title=\"\"><\/h3>\n<h3><strong>Economic Reports, source:\u00a0<\/strong><\/h3>\n<p><a href=\"https:\/\/www.forexfactory.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-segment-action=\"add\" data-segment-id=\"436d64a0-dd7d-11e3-91c2-d4ae529a8639\">\u00a0<\/a><a href=\"https:\/\/www.bettertrader.co\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.BetterTrader.co<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/a374aa13-9c77-4315-9c3b-6c71ed3484f4.png\" alt=\"\" title=\"\"><\/p>\n<p>This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon Trading Inc<\/a>. 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 as well as options on futures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear Traders, Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Most Common Pitfalls To Avoid When Trading Futures-Commodity Futures 500 experienced\u00a0futures brokers\u00a0were 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.\u00a0\u00a0Download the PDF and find [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-17011","post","type-post","status-publish","format-standard","hentry","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=17011"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17011\/revisions"}],"predecessor-version":[{"id":17013,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17011\/revisions\/17013"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}