Futures Trading Update

The Comprehensive Trading Checklist | RJO Futures

Posted 03/20/2017 9:37AM CTLaura Taylor

CheckmarkBefore you place an order, before you hit that “send” button…ask yourself: 

Have I done my homework to determine the direction of the market I am trading (up or down), and where I want to enter the trade?

Does my account have sufficient funds to hold this position?  Do you not only have the initial margin requirement, but do you have sufficient funds to hold the position during adverse price action?

How long can I hold this position?  Check and see when this product enters first notice period and when the contract expires.

How much am I willing to risk?  How far will I allow the market to move against me before I decide cut my losses?  Always place a stop at the same time you enter a position.

What type of money management rules will you apply to this position?  That would include moving stops as the position moves into profit territory. 

If you have a plan, you take the emotion out of trading.  If you take the emotion out of trading, you eliminate the stress.   Set your rules and ALWAYS follow them.

888-861-1584312-373-4991Series 3 Licensed

Laura Taylor

Senior Market Strategist
Laura began her career in the financial industry in 1981. In 1985 Laura and some former colleagues developed and organized a new IB division at Index Futures Group. With a partner, she named the division (Brokers Resource Corp.), developed the client base and supervised a staff that serviced guaranteed and non-guaranteed IBs located across the country. She developed the in-house procedures manual and conducted on-site compliance audits. I was also one of the original co-founders of the National IB Association (NIBA) and hosted the very first NIBA conference in Chicago. After Index Futures Group sold their IB division Laura stayed on to manage the new accounts department as vice president of operations and then became their director of compliance. In 1996, as part of ED&F Man, Laura decided to venture into a new role in the commodity industry by putting her AP license to work by developing a client base as a commodities broker. Laura joined RJO Futures in 2011 where she enjoys being a senior commodities broker assisting clients with their trading decisions, the execution of their trades and specializing in automated trading for newsletter and hotline subscribers.
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