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Archives for day trading futures

Here you will find archived content about day trading futures found throughout the website.

Helpful Hints on Day Trading Gas-Related Stocks

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Don’t Ignore Fundamental Analysis

Day Trading Gas related stocks will be much more profitable when you pay attention to fundemental analysis. Fundamental analysis is often left out of day trading, but this not always a good thing. Fundamental analysis is helpful in industries that affected by macro-level events.

Gas stocks is the perfect example of this. Because gas prices are a commodity, they are easily affected by numerous factors. Current events in gas-extracting areas will affect gas stock. The demand of a commodity by such as gas will also determine the price and stock.

In 2017 the US produced 20% of the total worldwide. The US is pretty stable and doesn’t cause much volatility in the market. Other big names in gas production, such as Iran and Russia.

Iran, for example, is under restraints of the newly re-instated US government sanctions. This will make it tough for Iran to take full advantage of its ability to produce.

Keep Up With Current Events

The rapid rate of events surrounding gas allows day traders to jump in and make money from the consistent changes in gas-extracting countries.

On April 22, Natural Gas Futures increased from $2.490 to $2.526. It was around this time that reports of US sections on Iran began. As evidence became more solid that sanctions would indeed be placed, the price of Gas Futures continued to increase. This price increase is created due to the lack of supply expected from Iran and an overall high demand.

The price of gas affects a variety of industries and companies. Revenue declines when companies have pay higher prices. So, gas futures will fluctuate in price as well as the price of certain company stock.

Value the Big Picture

It is so important to be aware of what is happening when day trading gas related stock. You should study the history at large and pay close attention to current events. It will be vey helpful to study and be familiar with the regions that export/import the highest amounts of gas. If you understand the background, it will be so much easier to read the market and know what developments are important.

Understanding the big picture will allow you to see trends to help you day trade gas related stock. Look at developments in importing/exporting countries the same way you would look at stock indexes and ETFs. This will help you understand how to get the most success from Gas-related Stocks.


Day Trading: 3 Tips on Deciding When to Sell

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Deciding when to sell is a key element to being profitable when Day Trading.

There are many ways for you to approach an exit and come out in a winning position. Four ways to do this is to use profit targets, daily pivots and momentum.

The most commonly used exit method is probably using profit targets. When using profit targets, you are exiting at a pre-set level.

There are strategies to help when choosing profit targets. Of these strategies, Scalping is the most used. When scalping you are selling right after the trade becomes profitable. The Profit target when scalping is whenever the trade begins to make you money.

Another strategy using profit targets is Fading. Fading is involving shorting stocks right after they begin to take an upward turn.

When using this technique, you are assuming three things. First you assume the assets overbought. You also must assume that those who bought early are ready to take their profits. Last, assume that those who are currently buying may be scared off the trade.

Fading is a risky strategy but can really pay off when successful. What you are watching for when implementing this selling strategy, is signs that the buyers are stepping back in. This will give you your price target.

Daily Pivots is our next usefully strategy when deciding when to sell. Daily pivots is benefiting from the asset’s volatility.

Profiting from Volatility is achieved by buying when the price is the lowest and selling when the price is at it’s highest point. You’re price target when using daily pivots is when you see a reversal begin.

Using Momentum of a trade can be very beneficial for traders. This involves research. Knowing which trades will be trending and popular puts traders ahead. Reading news articles and staying up to day on current events will help you know which way the market is moving and allow you to strategize successful trades.

One way to trade using Momentum is to buy based on news releases and then sell when the trend turns. There is also another popular way to trade using momentum. This is to fade a price surge. When fading a price surge your price target is when the volume of the asset begins to lower.

Defining a strategy when deciding when to sell is important. Your strategy should be repeatable and tested. This will lead to success when Day Trading.

July 2018 Day Trading Results | DayTradeFEED.net

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July 2018 Day Trading Results

Day Trade FEED

Before we show you our day trading results, we always make sure to explain exactly which trades these results are coming from.

As we trade throughout the day, we record our trade results to post later on. These trade results come from all kinds of different strategies, including ONIT trades, SAT trades and normal daily trading.

When we say “ONIT,” we mean the Overnight Impact Trade. Similarly, when we say “SAT,” we mean the Sunday Afternoon Day Trade.

The ONIT is made Monday through Thursday, usually around 3:00 p.m. MST, and the SAT is a similar trade, but only made on Sunday afternoons. The trades are forex trades, and are placed on the EUR USD. Each trader simply sets the trade and forgets the trade each day, and watches the profits roll in.

Many traders swear by these trades, and this is one of the only places you can find them!

To learn more about this daily trade, contact us!

Now for Day Trade FEED’s day trading results…

July 2018 Day Trading Results | Day Trade FEED

Day Trade FEED’s July 2018 Day Trading Results – July 10

Daily Trades: 5
Pips Per Trade: 10
Total Pips: 50
Lot Size: 0.50
TOTAL PROFIT: $250

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $250 during the month of July.

Day Trade FEED’s July 2018 Day Trading Results – July 11

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $400 during the month of July.

Day Trade FEED’s July 2018 Day Trading Results – July 13

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $550 during the month of July.

Day Trade FEED’s July 2018 Day Trading Results – July 18

Daily Trades: 5
Pips Per Trade: 10
Total Pips: 50
Lot Size: 0.50
TOTAL PROFIT: $250

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $800 in the month of July.

Day Trade FEED’s July 2018 Day Trading Results – July 24

 

Daily Trades: 5
Pips Per Trade: 10
Total Pips: 50
Lot Size: 0.50
TOTAL PROFIT: $250

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1050 in the month of July.

Day Trade FEED’s July 2018 Day Trading Results – July 26

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1200 in the month of July.

Day Trade FEED’s July 2018 Day Trading Results – July 30

Daily Trades: 3
Pips Per Trade: 10
Total Pips: 30
Lot Size: 0.50
TOTAL PROFIT: $150

Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1350 in the month of July.

In conclusion…

We are Day Trading, Forex and Futures specialists, and love all things day trading! You can find more information on day trading education systems by contacting us!

Want to be notified when we post our day trading results? Subscribe below!

    “IMPORTANT NOTE: Trading foreign exchange or futures on margin carries a high level of risk. It may not be suitable for all investors. The high degree of leverage can work against you. It can also work for you. Before deciding to trade foreign exchange or futures, you should carefully consider your investment objectives. Also check your  level  of  experience and risk appetite. The  possibility exists that you can lose some or all of your initial  investment. You should not invest money that you can’t afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading. Seek advice from an independent financial adviser if you have any doubts or questions. Past trading history does not indicate future trading success.”

    Huge Mistakes Made When Choosing a Day Trading System | Part 1

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    Mistake: No Ongoing Support/Education

    To begin, think about what is going on in our current day. We live in an era where technology is advancing exponentially, and it seems, at times, as though computers are taking over the world.

    But are computers REALLY taking over the world?

    Foreign exchange (forex) markets recently saw a spike which caused the greatest change in the history of the Yen. Experts attributed this failure to robotic trading, which lost millions in the market due to faulty code.

    This, along with countless other examples, show us that the human brain is more capable than even the most advanced computer in existence. And even when computers become more advanced than the brain (experts believe this to be only years from now), humankind still possesses something computers do not: the ability to evolve, adapt and change.

    Day Trading System vs Robot Trading

    Perhaps Charles Darwin said it best:

    “It is not the strongest species that survive, nor the most intelligent, but the ones most responsive to change.”

    Fortunately, the computer is not a living species, nor does it respond well to change.

    A human mind would have stopped the execution of the trade or the continuation of losses. And just as the world witnessed during the aforementioned fall of the Yen, a robot could not.

    What good is developing a trading tool or system if there is no continued education or support to follow? How does this help you increase your advantage by responding to change?

    Adapting Your Day Trading System

    When the market first began, certain candlestick patterns began to emerge. We know these patterns as Dojis, Hammers, Hangmans, etc. Traders that were able to recognize these patterns and understand how they’d affect the market moving forward were able to adapt and innovate old techniques to make millions.

    The rule of supply and demand in economics is very clear: if something is profitable, demand for it will increase. If demand increases, supply decreases.

    So, what does a trader do with their old, outdated system when it becomes less profitable? Some began their search for the next “golden goose,” while others refine their system with updated data and adapt to the circumstances now before them.

    This is why continued education is critical to the success of traders. Today, there are still traders who use candlestick patterns when determining the best trades to make. The difference is this is not all that goes into their decision. The data from these patterns is combined with current market conditions and other trading strategies to form a more consistent, reliable system.

    Is Your Day Trading System (Support/Education) Affordable?

    Now, what if a trader uses an updated, elite system, but the infrastructure behind support and continuing education within that system is not affordable?

    Unfortunately, this is a common trick of the trade. Many traders lose their first trade without even trading. How? By paying too much for the initial education and education materials to continue through the growing pains that come from learning to trade.

    If a trader pays $3,500 for trade coaching, but their trading system only yields $4,000 per month, chances are the remaining $500 will be used to pay their broker.

    Issue #2 With Some Day Trading Systems

    Another issue many traders see is that they’ll lose money while they learn how to handle losing money.

    There are a lot of trading businesses that shirk all accountability immediately following a student’s graduation from the program. So when a beginner starts to see a trade go upside down, they have nowhere to turn for assistance.

    This lack of support causes many to panic and make rash, emotion-filled decisions while trading. Making these decisions can cause bad habits and practices to form.

    This is why it is absolutely critical to make sure a trading program offers sufficient support and continued education before taking the plunge and joining.

    Pulling the Trigger on a Day Trading System

    In conclusion, ensuring these first two items (support system and continued education options) are integrated into the core of your trading system is absolutely essential. You may find a program that lacks in these areas, and it may be a challenge to walk away. But being confident in these areas will help you find success throughout your trading career.

    In order to determine whether support and education moving forward will be sufficient, ask yourself if the education is actually education and not just information from past market trends.  Many teachers and coaches will claim their continuing education to be worthwhile, when really it merely consists of ancient information from a past generation of traders.

    To truly grow as a trader, continued education needs to be current, driven by live data, state-of-the-art and relevant to today’s markets. This means live webinars, online meetings, etc. While older strategy and information can still be relevant, updating their trading system is necessary to stay profitable as market conditions shift and evolve.

    How to Know if You Have a Good Day Trading System

    This article is only part one in a series aimed at helping day traders understand what mistakes to avoid. If you’d like to be notified when future articles like this are published, subscribe below.

      Until future parts are released, check out our Should I Day Trade? and Introduction pages.

      Have a question about choosing a day trading system, continued support/education or just day trading in general? Contact us!

      Man Mistakenly Makes $11.6 Million | DayTradeFEED.net

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      Man Thinks He’s Day Trading Futures Demo Account

      Makes $11.6 Million Real Profit

      Above all, the following story shows us how emotion can affect us when we’re day trading futures. Please take this with a grain of salt as not all results are created equal…

      Harouna Traore was learning everything about day trading futures. Part of his training included practice trading a demo account using real market data. He opened a $23,000 account with British brokerage firm Valbury Capital, and began “practicing.”

      Day Trading Futures Without Fear

      Later that night, Traore went home to continue learning about what it’s like to day trade futures on a demo account. Like many beginners do, he went on to push the limits of the trading software.

      After all was said and done, he had lost more than a million dollars.

      Reality Sets In

      After finding himself more than one million dollars in the hole, Traore realized he wasn’t using a day trading futures demo account. In contrast, his account was very real, and he was in a pickle.

      “I could only think of my family,” Traore said. “I was stressed.”

      But instead of alerting the authorities or the company he was trading with, Traore decided to continue trading to see what he could do.

      (Dis)Advantages of Day Trading Futures

      Traore began day trading futures, and eventually found himself building up a $5 billion position in U.S. stock futures. He went on to turn his loss into a profit of about $11.6 million.

      At this point, he called Valbury Capital, who immediately claimed breach of contract. His winnings were declared void immediately.

      Traore is currently suing Valbury Capital for the $11.6 million. The case is ongoing and may move to France in the coming months.

      Learn More About Day Trade FEED

      Interested in learning more about day trading? CLICK HERE!

      Want to know if you have what it takes to day trade? CLICK HERE!

      Find out how much we make day trading by checking out our day trading results!

      Have a question for Day Trade FEED? Contact us!

      Day Trading Results: June 15 – 30, 2018 | Day Trade FEED

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      Forex and Futures Day Trading Results | Day Trade FEED

      Before we show you our day trading results, we always make sure to explain exactly which trades these results are coming from.

      As we trade throughout the day, we record our trade results to post later on. These trade results come from all kinds of different strategies, including ONIT trades, SAT trades and normal daily trading.

      When we say “ONIT,” we mean the Overnight Impact Trade. Similarly, when we say “SAT,” we mean the Sunday Afternoon Day Trade.

      The ONIT is made Monday through Thursday, usually around 3:00 p.m. MST, and the SAT is a similar trade, but only made on Sunday afternoons. The trades are forex trades, and are placed on the EUR USD. Each trader simply sets the trade and forgets the trade each day, and watches the profits roll in.

      Many traders swear by these trades, and this is one of the only places you can find it!

      To learn more about this daily trade, contact us!

      Now for Day Trade FEED’s day trading results…

      Day Trading Results: June 15 – 30, 2018 | Day Trade FEED

      Day Trade FEED’s Day Trading Results – June 15, 2018

      Daily Trades: 3
      Pips Per Trade: 10
      Total Pips: 30
      Lot Size: 0.50
      TOTAL PROFIT: $150

      Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $150 during this time.

      Day Trade FEED’s Forex Day Trading Results – June 18, 2018

      Daily Trades: 5
      Pips Per Trade: 10
      Total Pips: 50
      Lot Size: 0.50
      TOTAL PROFIT: $250

      Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $400 during the final two weeks of June.

      Day Trade FEED’s Forex Day Trading Results – June 19, 2018

      Daily Trades: 5
      Pips Per Trade: 10
      Total Pips: 50
      Lot Size: 0.50
      TOTAL PROFIT: $250

      Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $650 during the final two weeks of the month of June.

      Day Trade FEED’s Forex Day Trading Results – June 20, 2018

      Daily Trades: 5
      Pips Per Trade: 10
      Total Pips: 50
      Lot Size: 0.50
      TOTAL PROFIT: $250

      Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $900 in the final two weeks of June.

      Day Trade FEED’s Forex Day Trading Results – June 25, 2018

       

      Daily Trades: 5
      Pips Per Trade: 10
      Total Pips: 50
      Lot Size: 0.50
      TOTAL PROFIT: $250

      Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1150 in the final two weeks of June.

      In conclusion…

      We are Day Trading, Forex and Futures specialists, and love all things day trading! You can find more information on day trading education systems by contacting us!

      “IMPORTANT NOTE: Trading foreign exchange or futures on margin carries a high level of risk. It may not be suitable for all investors. The high degree of leverage can work against you. It can also work for you. Before deciding to trade foreign exchange or futures, you should carefully consider your investment objectives. Also check your  level  of  experience and risk appetite. The  possibility exists that you can lose some or all of your initial  investment. You should not invest money that you can’t afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading. Seek advice from an independent financial adviser if you have any doubts or questions. Past trading history does not indicate future trading success.”

      How to Start Day Trading – Find out at DayTradeFEED.net

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      How to Start Day Trading

      Above all, one of the main reasons we started Day Trade FEED was to help teach people how to start day trading.

      Many people aren’t able to find good information on the subject simply because of a lack of knowledge on where to go. Others find too much information too quickly and become overwhelmed or burned out in a short amount of time.

      If you fall into either of the categories above, continue reading below to find the beginning steps to help you learn how to start day trading.

      How to Start Day Trading the Hard Way

      The hard way to start day trading is to attempt the journey alone. Many people make the attempt, but flame out almost instantly.

      In contrast, many decide to join some sort of day trading educational group that helps them get everything in order before starting to trade live money.

      The reason this is the hard way is because the hardest part of learning how to day trade is knowing where to find correct and accurate information. Many potential traders try to find their information on different investment websites, but unfortunately, these sites are too vague to hold any real value.

      Chances are that if you’re viewing this site, you’ve been exposed to all kinds of day trading programs. Typically, these programs involve large networks of people who share common trading strategies and belong to a trading group.

      How to Start Day Trading the Easy Way

      As previously mentioned, the easiest way to start day trading is to find the program that’s right for YOU. These educational programs can help you get started and seeing profitable trades in a matter of months!

      Due to this, there are literally thousands of day trading education companies all vying for your attention…

      GIVE IT TO THE HIGHEST BIDDER!

      The fact of the matter is that if we’re being totally honest, one of the ONLY ways to day trade is to join one of these groups. Fortunately, that makes it so much more simple!

      How to Start Day Trading with Recommended Programs

      Here at Day Trade FEED, we know finding the right program for you can be tough. That’s why we’ve decided to go over some of the best day trading educational programs and make recommendations!

      Keep visiting Day Trade FEED throughout the upcoming week to see our top five day trading educational programs!

      In the mean time, if you have any questions or want to hear our recommendations a few days early, contact us today!

      Day Trading Futures – Gold, Copper and Silver

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      Day Trading Futures | DayTradeFEED.net

      Update on Gold, Copper and Silver Trading

      Above all, what happened last week should be seen as an example of how trade disputes can affect day trading futures.

      The annual meeting between leaders of the Group of Seven industrialized nations began in Canada last week (G-7 summit). Prior to the meeting, President Donald Trump decided to call out trade agreements between France, Canada and the US. This led to serious tension at the summit. As a result, President Trump has decided to leave the gathering early.

      “The six countries of the G-7 without the United States are a bigger market taken together than the American market. There will be no world hegemony if we know how to organize ourselves. And we don’t want there to be one,” French President Emmanuel Macron said in Ottawa on Thursday with Canadian Prime Minister Justin Trudeau by his side.

      In addition, Trump is also currently feuding over trade with China and Mexico, the US’s neighboring country to the south. Due to this feuding, feelings around the Gold, Silver and Copper Futures markets wasn’t as chipper as many hoped.

      How Do Political Disputes Affect Day Trading Futures?

      These political disagreements can be a nightmare for day trading futures, especially with someone in charge who has a tendency to publicly attack other nations and their leadership so quickly. This can cause big swings in the market that can be hard to avoid and get out of when going against you.

      As a result of this volatility, the price of gold has actually increased, holding on to a .2% increase during the week. This is typical during political turmoil, as many rush to obtain assets such as precious metals as a way of avoiding any type of recession or decreased trading.

      “While risk aversion created from heightened trade concerns is positive for gold, expectations over higher U.S. interest rates are likely to threaten upside gains,” said Lukman Otunuga, research analyst at FXTM. “With the [Federal Reserve] expected to announce another interest rate increase next week, zero-yielding gold may face some headwinds down the road.”

      Above all, make sure you pay attention to a specific resistance level if you’re day trading futures. Chintan Karnani, chief market analyst at Insignia Consultants, believe that resistance level lies at $1,312.60. If the market breaks that level, look for it to continue trending upward.

      Day Trading Futures with DayTradeFEED.net

      Are you looking to retire but aren’t sure if you can afford it? Want to see the world, but can’t quit your day job? Do you have a child heading off to college soon and need to find a way to supplement your income in order to handle it?

      Day trading futures could be exactly what you’re looking for. The reality is that there’s not a lot of other options as ideal for you and/or your business.

      Traders can make money spending as little as one or two hours per day day trading futures. Fortunately, you can learn how to do the same!

      Get Started Day Trading Futures

      If you’re still reading this blog post, chances are you’re pretty interested in learning to day trade futures.

      Fortunately, there’s an easy way to get your questions answered and find all the information you need. Simply contact us, and we’ll have a vetted and accredited representative reach out.

      Day Trading Futures – Still Not Sure?

      Still not sure you’re interested in learning more about day trading futures? Check out our Should I Day Trade? page to see if you have what it takes to get in the game!

      Day trading comes with some unique and prevalent risks attached to it. At DayTradeFEED.net, we want to make sure you have all the resources you need to be successful and see profits.

      Please email us at info@DayTradeFEED.net with any questions or comments!

       

       

       

      Free Day Trading Classes – Day Trade FEED Investigates

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      Free Day Trading Classes Now Available for Everyone!

      Above all, you may be wondering why you’d want to attend free day trading classes.

      With summer in full swing, planning vacations and little getaways becomes pretty common. Unfortunately, with that planning comes the anxiety and insecurity that only financial uncertainty brings.

      Look, we’ve all been there. And it’s no secret that we all wish we had a little bit of extra income to give us the financial breathing room to actually enjoy these trips. Well, look no further. Starting now, Day Trade FEED is offering free day trading classes!

      Whether you’re a day trader who’s been day trading for the past ten years, or simply wanting to find out about some different options to help you out financially, this is the opportunity you’ve been waiting for.

      For more information on these free day trading classes, contact us!

      We understand if you’re a little unsure, but rest assured out education material surrounding proprietary indicators and tried-and-tested strategy can and will make you successful.

      If you’re STILL not convinced these free day trading classes are effective, here is a little proof…

      Free Day Trading Classes can be confusing, so Day Trade FEED wants you to know EVERYTHING about the Day Trade My Money Program!

      We’re absolutely positive you’ll see what you like at these Free day trading classes. Some programs are even willing to put money on your success!

      One of the main offerings you’ll learn about at Day Trade FEED’s free day trading classes is the new Day Trade My Money Program. Basically, companies trust their system so much that anyone who is willing to learn it, live it and love it enough to give it the effort required will be eligible to have an account funded by their corporate office… and yes, you read that correct.

      They will GIVE YOU MONEY TO TRADE.

      Many people ask themselves why a company would do this instead of just trading their own accounts to make profit? We’ll let a company co-founder explain in his own words…

      “Every trader hits a limit where the risk is more than they are willing to take on individually. If we traded accounts totaling millions, taking a loss could be very significant.

      However, if we let others trade our money, it is more protected. Some are buying, some are selling. Others are in the Euro, others in the Pound. Some taking a loss, others winning. Overall, diversifying our investment funds brings in better returns than typical investment vehicles.”

      Interested yet? Contact us to learn more!

       What do these free day trading classes teach?

      The answer is simple: free day trading classes teach you day trading 101.

      While most of our traders decide to trade the EUR USD forex market, we do see the occasional trader decide to jump right in and trade futures markets. The reason many of our traders decide initially to trade forex is because the market in general is slower moving, meaning more time to make decisions and a smaller chance at taking losses.

      …BUT the beauty of these free day trading classes by Day Trade FEED is that they focus on the individual! We recognize that no two traders are the same, in fact, we love the diversity! That’s why when a trader tells us they want to trade futures markets, we don’t even bat an eye.

      Here is a little sample of how their proprietary indicators can help you make trades in futures markets:

      In conclusion: free day trading classes by Day Trade FEED can help you see these kinds of profits…

      Day Trading Futures | Market News Update

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      Futures Market Updates | DayTradeFEED.net

      Issues with North Korea

      Different news, events and political rumors can affect your trades if you are day trading futures. This has been apparent recently as talks between the United States and North Korea have been in the focus of the American consumers.

      To give a little history behind this, North Korea has been more or less against coming anywhere near talks with leaders from the United States without a weapon readily available. This all changed in the past months, as President Donald Trump negotiated a meeting with North Korean leader Kim Jong Un, which was set for the 12th of next month.

      Trump Cancels the June 12th Summit

      This summit between the two nations (with South Korea in attendance as well) was cancelled on Thursday, May 24. President Trump announced this via his twitter feed:

      “I have decided to terminate the planned Summit in Singapore on June 12th. While many things can happen and a great opportunity lies ahead potentially, I believe that this is a tremendous setback for North Korea and indeed a setback for the world…,” Trump said.

      While the announcement came as a shock to the entire world, there were warm and positive feelings to follow.

      “We express our willingness to sit down face-to-face with the U.S. and resolve issues anytime and in any format,” said Kim Kye Gwan, a senior North Korea foreign ministry official, in a statement published by North Korea’s official state media.

      Trump followed his tweet by saying he was glad to hear a positive message from North Korea and looked forward to meeting in a summit setting in the near future.

      “Very good news to receive the warm and productive statement from North Korea. We will soon see where it will lead, hopefully to long and enduring prosperity and peace. Only time (and talent) will tell!” Trump tweeted.

      How does this affect those who are day trading futures?

      Just like any type of announcement made by a high-ranking government official, Trump’s tweet sent stocks plummeting on Thursday. However, this down trend retraced a bit as feelings didn’t seem to be as tense as the day moved along.

      On top of this, crude oil futures fell 3.3%. This was due to the Organization of the Petroleum Exporting Countries reducing oil production by up to one million barrels per day. Crude oil prices have already risen 13% this year and look to only increase.

      Day Trading Futures | In Conclusion

      “If the Saudis do lift oil production, that could be the news of the day. It may result in a weak patch for the energy sector, but for the broader market that could be offset by a rise in sentiment if it results in gas prices falling going into the summer driving season,” said John Augustine, chief investment officer at Huntington Private Bank.

      “There’s still a lot of questions about geopolitical issues with North Korea. Recent developments have seemed positive, but there’s a big question of what the sentiment is going to look like during the long weekend. The question for investors is whether they should wait until Tuesday to see what happened over the weekend and make decisions then.”