Retracements are a key charting tool used by futures traders to predict price movements and select entry points. The key value in retracements is that they keep the successful futures trader grounded in reality. They provide traders with an objective view of actual market movement. They help futures traders keep their hopes and fears in check and deal with market movement dispassionately.
Determining Correct Entry Point Is Key To Profitable Futures Trades
October 25, 2007 By
Knowing when and how to make your entry point is the key to a profitable trade. Many of the losses you suffer as a futures trader will be directly linked to poorly-timed or ill-placed entry points. Choose your entry point unwisely or time your entry poorly and you can turn a sound trade into a loss. Conversely, doubtful trades can come up winners when entry occurs at the proper point and time. The entry is the most critical part of any trade. The trick is in knowing when to strike.
Futures Traders Should Beware Of Parallels Between 1987-2007(8)
October 20, 2007 By
On October 19, 1987, the Dow suffered the biggest one-day percentage drop in its 111-year history (see our previous post). Known as Black Monday, that day saw the Dow plummet 508 points, causing economic panic around the world. While a recurrence is seen as slim by market analysts, they do admit to its remote possibility, and some are concerned about disturbing parallels in today’s market. History is a strict task-master and the shrewd futures trader will learn her lessons.
Black Monday Anniversary Carries Lesson For Futures Traders
October 20, 2007 By
Twenty years ago the Dow plummeted 508 points, an unbelievable 22.6%. It was the biggest one-day percentage drop in the Dow’s 111-year history causing bedlam on Wall Street and economic panic around the world. Black Monday. October 19, 1987.
“You could feel, taste and touch the emotion,” confided veteran floor broker Ted Weisberg, in an interview with the Los Angeles Times. “That day clearly was different from any other day any of us had ever experienced.”
