{"id":17381,"date":"2021-12-17T13:15:16","date_gmt":"2021-12-17T21:15:16","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17381"},"modified":"2021-12-17T13:15:34","modified_gmt":"2021-12-17T21:15:34","slug":"weekly-newsletter-1079-learn-to-lose-learn-to-step-away-with-profits-and-losses-futures-support-and-resistance-levels-for-the-week-ahead","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-1079-learn-to-lose-learn-to-step-away-with-profits-and-losses-futures-support-and-resistance-levels-for-the-week-ahead\/","title":{"rendered":"Weekly Newsletter 1079: Learn to Lose, Learn to Step Away w\/ Profits and Losses & Futures Support and Resistance Levels for the Week ahead"},"content":{"rendered":"

Cannon Futures Weekly Letter Issue # 1079<\/strong><\/h1>\n

Dear Traders,<\/p>\n

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Like us on FaceBook!<\/div>\n
www.facebook.com\/CannonTrading<\/a><\/div>\n<\/div>\n<\/div>\n
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Get Real Time updates and\u00a0market alerts on Twitter!<\/a><\/div>\n<\/div>\n<\/div>\n

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Trading 201: Learn to Lose, Learn to Step Away with Profits and Losses<\/h1>\n
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Important NOTE: With The Recent Volatility Across Markets, We Have Seen Margins Increase In Some Markets As Well As Wild Swings And Extreme Volatility In Many Markets.<\/div>\n
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For Some, It Can Cost The Full Account Value But Doesn\u2019t Need To. These Volatile Times Require MAJOR Adjustments In How You Approach Trading And Risk Management. I Hope This Article Helps And I Encourage You To Utilize Our Brokers And The Knowledge They Have To Assist You..\u00a0<\/a>Contact Us<\/a><\/strong><\/div>\n
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Many different factors go into trading. Too many to discuss efficiently in one blog post. Some relate to trading techniques, other to money management, mental aspect, risk capital and much more.<\/div>\n
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But one that sticks in my eyes is the inability to accept a loss.<\/strong> I see many clients who can make money and have days where they make money but when they lose, they lose much more, sometimes even losing control and losing a big portion of their account.<\/div>\n
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I am not sure how a trader can embed this into their trading mind, BUT in my opinion if you train your brain to expect losses, understand losses and that losing days will happen, you will increase your chances of surviving in this business, which in return will actually give you a chance to succeed\u2026.<\/div>\n
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Losses are part of trading and as long as your losses are part of the plan and are quantified in advance and you can adhere to your rules, then you have a chance. I think it\u2019s easy when traders are winning\u2026making money etc. Much harder when you lose or down. your brain starts playing tricks on you\u2026it tells you to double down, maybe reverse even though your analysis does not say so\u2026.all of a sudden you start pulling trades out of instinct, fear rather than a calculated plan that has solid risk\/ reward.<\/div>\n
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If a trader learns how to lose, to accept losses, to have realistic expectations, then he\/ she can avoid having one of those terrible days when traders can lose almost of all their account.<\/div>\n
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Also, while a bit easier in my mind, a day trader should also step away when he reached a predefined profit target for the trading day. In my humble opinion, the more you day trade, the more fatigued you become and larger chances for errors.<\/div>\n
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I went into this subject and detailed day trading money management in an article I wrote a few years back for SFO magazine.<\/div>\n
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Click here to read the rest of the Article<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Good Trading<\/strong><\/h3>\n

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

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Futures Trading Levels<\/strong><\/h3>\n

12.20.2021<\/p>\n

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Weekly Levels<\/h2>\n

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Reports, First Notice (FN), Last trading (LT) Days for the Week:<\/h3>\n

https:\/\/mrci.com<\/a><\/p>\n

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Date Reports\/Expiration Notice Dates<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\"MRCI<\/p>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading<\/p>\n","protected":false},"excerpt":{"rendered":"

Cannon Futures Weekly Letter Issue # 1079 Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter!   Trading 201: Learn to Lose, Learn to Step Away with Profits and Losses Important NOTE: With The Recent Volatility Across Markets, We Have Seen Margins Increase In Some Markets As Well As […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,61,358],"tags":[48,811,600,359,696,453,915,916,954,26],"class_list":["post-17381","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","category-futures-trading-education","tag-commodity-futures-education","tag-day-trading-101","tag-day-trading-education","tag-day-trading-money-management","tag-educational-feature","tag-educational-tool","tag-futures-educational-reads","tag-futures-educational-resource","tag-futures-trading-education","tag-trading-101"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17381","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=17381"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17381\/revisions"}],"predecessor-version":[{"id":17386,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17381\/revisions\/17386"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}