{"id":265,"date":"2023-06-01T20:18:17","date_gmt":"2023-06-01T20:18:17","guid":{"rendered":"https:\/\/www.e-futures.com\/blog\/?p=265"},"modified":"2023-06-01T20:18:17","modified_gmt":"2023-06-01T20:18:17","slug":"nfp-tomorrow-do-you-have-a-trading-plan-levels-for-june-2nd","status":"publish","type":"post","link":"https:\/\/www.e-futures.com\/blog\/nfp-tomorrow-do-you-have-a-trading-plan-levels-for-june-2nd\/","title":{"rendered":"NFP Tomorrow, Do You Have a Trading Plan? + Levels for June 2nd"},"content":{"rendered":"
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Get Real Time updates and more on our private FB group!<\/div>\n
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https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Plan Your Trade, Trade Your Plan<\/h3>\n

By Mark O’Brien, Senior Broker<\/p>\n

Not to sound fat-headed, but trading futures is challenging.\u00a0What\u2019s even more challenging: trading without a plan.\u00a0You can paper trade for days, weeks, months; you can study the latest, or greatest trading platform, charting, indicators, signals etc.\u00a0You can take in volumes of educational material: courses, webinars, academic resources, news.\u00a0All of these are most worthy of preparing you for the rewards and risks that come with trading futures, but when you\u2019re a mouse click or a phone call away from placing an order to enter a trade, without a plan, you\u2019ve essentially put the outcome of that trade in jeopardy \u2013 and every other trade after that.<\/p>\n

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No trader looking to succeed over the long term enters the market without following a trading plan.\u00a0At the most basic level, it can \u2013 and should \u2013 be as simple as designating when to exit the trade if the market moves against the trade, as well as when to exit the trade if the market moves favorably.\u00a0If you\u2019re given to making adjustments to those outcomes mid-trade, make it part of your plan before entering the market.<\/p>\n

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Certainly there are other components to trading futures.\u00a0For example, plenty has been heralded that traders should firm up their general mental preparedness before embarking in trading futures.\u00a0Traders should also have a general familiarity with the markets they\u2019re trading, such as contract specifications, trading hours, margin requirements, any daily price limits, etc.\u00a0Theses are also necessary for successful trading.\u00a0But, these ingredients by themselves, even if fully accumulated, will yield disappointing results if the key ingredient is not added: trade with a plan.<\/p>\n

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Plan your trade and trade your plan.\u00a0<\/a><\/p>\n

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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.\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

6-02-2023<\/p>\n

\"#ES,
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n

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Economic Reports, Source:\u00a0<\/strong><\/h3>\n

Forexfactory.com<\/a><\/p>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon 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":"

Get Real Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/   Plan Your Trade, Trade Your Plan By Mark O’Brien, Senior Broker Not to sound fat-headed, but trading futures is challenging.\u00a0What\u2019s even more challenging: trading without a plan.\u00a0You can paper trade for days, weeks, months; you can study […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[50,43,49,36,42,38,34,30,32,33,37,41,39,44,31,46,47,45,48,35,40],"class_list":["post-265","post","type-post","status-publish","format-standard","hentry","category-e-futures-blog","tag-cbot","tag-cme","tag-comex","tag-commodities","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-daytrading","tag-futures","tag-futuresmarket","tag-futurestrader","tag-globex","tag-gold","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader"],"_links":{"self":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts\/265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/comments?post=265"}],"version-history":[{"count":1,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts\/265\/revisions"}],"predecessor-version":[{"id":266,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts\/265\/revisions\/266"}],"wp:attachment":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/media?parent=265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/categories?post=265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/tags?post=265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}