Make December Jolly – Improve Your Trading
By Ilan Levy-Mayer, VP
Trading is inherently risky but by following some rules you can keep your capital safer while building your trading experience.
- AVOID the extremely low margins. Utilizing the lowest day trading margins turns trading into a gamble rather than trading.
- Limit the hours you trade
- Limit the number of trades you make per day the Overtrading racks up commission fees and increases the risk of revenge trading.
- On any one day stop trading when losses hit 5-10% of capital, which is recoverable, and indicates you are reading the market wrong, so stop, evaluate your errors and record them in your Trading Journal.
- Base your stop loss and target strategically from the charts, not an arbitrary number of points. Keep your focus on the chart, trading what you see not what you want to see, think or feel.
- Know what reports are coming out ( example: if you did NOT know Powell was speaking today….could have been very costly)
- Utilize different resources after evaluating these resources, example could be real-time news alerts via audio and text like this one.
A Cannon broker will be able to assist, provide feedback and answer any questions.
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 when it comes to Futures Trading.
Futures Trading Levels
11-30-2022
Improve Your Trading Skills
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.
