In This Issue
Economic Reports and Expiration Notices
The following futures contracts have new exchange minimum margin requirements:
| Contract | Exchange | Initial Margin | Maintenance Margin |
| CANADIAN DOLLAR | CME | 1755 | 1300 |
| CATTLE, LIVE | CME | 1080 | 800 |
| CORN | CBOT | 1080 | 800 |
| GOLD | COMEX | 3,375 | 2,500 |
| NATURAL GAS (tier 1) | NYMEX | 10,125 | 7,500 |
| PALLADIUM | NYMEX | 2025 | 1500 |
| SOYBEAN OIL | CBOT | 945 | 700 |
| SOYBEANS | CBOT | 2700 | 2000 |
| Mini Contracts | |||
| MINI CORN | CBOT | 216 | 160 |
| MINI SOYBEANS | CBOT | 540 | 400 |
This article was originally published in the September 2007 issue of SFO Magazine.
I started as a commodity broker back in 1998, when commissions of $25 per round turn for the E-minis were considered a deep discount. I had the luxury of observing many types of day traders and saw things from the sidelines that most traders could not see during the heat of battle, one of which is the importance of solid money management for the long-term survival of day trade.
Day trading is by definition a trade that is initiated and completed during the same trading day. In this wide category, you will find many types of traders. On one end of the spectrum are scalpers, who go for one or two ticks of profit several times a day in trades lasting just seconds. On the other side are speculators who stay in a position from the start of the day until the close. One of the main appeals of day trading for all types is that the trader goes home flat without having to worry about positions. When the market closes, the day is done.
Money management, as the name implies, is applying prudent principles to help conserve your trade (risk) capital. Without risk capital to trade, a speculator does not have a chance to succeed.
Download the rest of the article for free —
— and read Ilan's practical ideas and insights on how to improve your day-trading money management.
Cannon Trading respects your privacy and will never give this information to a 3rd party.
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 10/11 Thu |
7:30 AM CDT - Export & Import Prices(Sep)
7:30 AM CDT - Trade Balance(Aug) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 1:00 PM CDT - Treasury Budget(Sep) 3:30 PM CDT - Money Supply |
FN: Oct Live Cattle(CME)
|
| 10/12 Fri |
7:30 AM CDT - PPI & Core PPI(Sep) 7:30 AM CDT - Retail Sales(Sep) 7:30 AM CDT - WASDE & Crop Production 7:30 AM CDT - Supply & Demand 7:30 AM CDT - Cotton Ginnings 9:00 AM CDT - Business Inventories(Aug) 9:00 AM CDT - Michigan Sentiment-Prelim(Oct) 2:00 PM CDT - Dairy Products Prices |
LT: Oct Soybean Oil(CBT)
Oct Soybean Meal(CBT) Oct Lean Hogs(CME) Oct Lean Hog Options(CME) Oct Canandian Dollar Options(CME) Nov Sugar Options(NYBOT) Nov Coffee Options(NYBOT) |
| 10/15 Mon |
7:30 AM CDT - NY Empire State Index(Oct)
|
LT: Oct LIBOR(CME)
Oct GSCI(CME) Ocdt LIBOR Options(CME) |
| 10/16 Tue |
8:00 AM CDT - Net Foreign Purchases(Aug)
8:15 AM CDT - Capacity Util & Indus Prod(Sep) |
|
| 10/17 Wed |
7:30 AM CDT - Housing Starts & Building Permits(Sep) 7:30 AM CDT - CPI & Core CPI(Sep) 9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - Fed's Beige Book |
LT: Nov Platinum Options(NYM)
Nov Crude Oil Options(NYM) |
| 10/18 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Leading Indicators(Sep) 9:30 AM CDT - EIA Gas Storage 11:00 AM CDT - Philadelphia Fed(Oct) 3:30 PM CDT - Money Supply |
|
* 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!