In This Issue
Free Live Demo Trading Account with Real-Time Charts
Useful Money Management Tips for Day Trading
Reports and Expiration Notices
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Trading futures and even more so, day-trading futures has grown significantly over the last few years, as seen by the increase in daily volume on some of the more popular electronic markets (The Mini SP had 3,575,702 contracts traded on February 27th! Yes, that is 3.575 MILLION contracts).
New traders as well as more experienced traders often wonder and search for the perfect solution. The answer is different for each trader. Many factors influence what may be a good route for one trader versus a better alternative for another. Experience, risk tolerance, the person's schedule, financial situation along with other factors will greatly influence trading decisions. What's good for one trader may not be right for another.
One COMMON solution different traders can implement when it comes to day-trading is the principle: "Treat your daily Profit/Loss as you would treat an open trade." Allow me to expand:
As brokers we have seen different traders survive in this business, making progress and even getting to the point of consistently finding their set ups. Their main downfall is that "one bad day" where they may give up recent gains, lose a large percentage of their account or even lose their whole account.
A practical solution for eliminating those disastrous days and giving you a better chance for survival is to always use stop losses, trailing stop losses and daily stop limits for every single trading day.
Let's assume, hypothetically, that trader A is day-trading with $10,000 of risk capital. Part of his/her preparation for trading should...
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Disclaimer:
Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, 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 judgment in trading!
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 03/22 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Leading Indicators(Feb) 9:30 AM CDT - EIA Gas Storage 2:00 PM CDT - Cold Storage 3:30 PM CDT - Money Supply |
|
| 03/23 Fri |
9:00 AM CDT - Existing Home Sales(Feb)
2:00 PM CDT - Cattle On Feed 2:00 PM CDT - Livestock Slaughter |
|
| 03/26 Mon |
9:00 AM CDT - New Home Sales(Feb)
|
|
| 03/27 Tue |
9:00 AM CDT - Consumer Confidence(Mar)
|
LT: Mar Frozen Pork Bellies(CME)
Apr Copper Options(CMX) Apr Gold Options(CMX) Apr Silver Options(CMX) Apr Heating Oil Options(NYM) Apr RB unleaded Options(NYM) Apr Natural Gas Options(NYM) |
| 03/28 Wed |
7:30 AM CDT - Durable Orders(Feb)
9:30 AM CDT - API & DOE Energy Stats |
LT: Mar Gold(CMX)
Mar Silver(CMX) Mar Copper(CMX) Mar Platinum(NYM) Mar Palladium(NYM) |
| 03/29 Thu |
7:30 AM CDT - GDP-Final(Q4) 7:30 AM CDT - Chain Deflator-Final(Q4) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Help-Wanted Index 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: Apr Natural Gas(NYM)
LT: Mar Feeder Cattle(CME) Mar Feeder Cattle Options(CME) |
* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, 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 judgment in trading!