Top 20 Futures Trading Rules

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Top 20 Futures Trading Rules
www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
2

• The goal of a successful trader is to make the
  best trades. Money is secondary.
• Alexander Elder

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
3
As a Trader - Ask Yourself

• Why are you in the markets ?
• Excitement / thrills ?
• To acquire a ton of money ?
• You should examine your trading objectives
  carefully before commencing trading.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
4
Trade With a Plan

• Trade with a plan not with hope, greed, or
  fear.
• Have a strategy on where you will enter the
  market,
• Plan carefully on how much you are prepared to
  risk on each trade and where to place stops,
• Decide in advance where you will take your
  profits.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
5

• Whether you're a newcomer to futures trading or a
  seasoned trader in this risky business, you are
  most likely one of the many individuals who would
  like to improve, who is motivated, but who
  doesnt know how to take the first step.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
6

• 500 experienced futures brokers were asked what
  caused most futures traders to lose money trading
  futures. Their answers reflected the trading
  experience of more than 10,000 futures traders.
  Find out what they said in Top 20 Futures
  Trading Rules.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
7
Top 20 Futures Trading Rules

• Have a Plan - Define specific risk and profit
  objectives before trading. Don't trade without a
  plan.
• After several profitable trades, many speculators
  become wild and non-conservative. Dont base your
  trades on hunches and long shots, rather on sound
  fundamental and technical reasoning.
• Know Your Size - Traders often try to carry too
  big a position with too little capital and trade
  too frequently for the size of the account.
• Don't become Greedy when it comes to Trading
  Futures.
• Traders fail to pre-define risk, add to a losing
  position, and fail to use stops.
• Traders frequently have a directional bias for
  example, always wanting to be long.
• Lack of experience in the market causes many
  traders to become emotionally and / or
  financially committed to one trade and unwilling
  or unable to take a loss.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
8
Top 20 Futures Trading Rules

• 8) Many traders break a cardinal rule "Cut
  losses short. Let profits run.
• 9) Many people trade with their hearts instead of
  their minds.
• 10) Often traders have bad timing and not enough
  capital to survive the shake out.
• 11) Too many traders are under-financed and get
  washed out at the extremes.
• 12) Trying to trade inactive markets is
  dangerous.
• Taking too big a risk with too little profit
  potential is a sure road to losses.
• Lack of discipline is a major shortcoming. Lack
  of discipline includes several lesser items
  i.e., impatience, need for action, etc.
• Trading very speculative commodities is a
  frequent mistake.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
9
Top 20 Futures Trading Rules

• Some traders are on an ego trip and won't take
  advice from another person all trades must be
  their own ideas.
• Some traders are not willing to believe price
  action, and thus trade contrary to the trend.
• Often, traders jump into a market based on a
  story in the morning paper the market many times
  has already discounted the information.
• Emotion makes many traders hold a loser too long.
  Many traders don't discipline themselves to take
  small losses and big gains.
• Don't make trading decisions based on inside
  information. It's illegal, and besides, it's
  usually wrong.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
10
Important Futures Trading Disclaimer
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Thank You

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  en-account
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• Fax - [phone]
• Mailing Address - Cannon Trading Company, 9301
  Wilshire Boulevard, Suite 515 Beverly Hills, CA
  90210

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.