In This Issue
MLK Day Futures Trading Schedule
Special Feature: Walk Before You Run
Economic Reports and Expiration Notices
* All times listed in Central Time
CME Group
Floor:
12:00 pm Close: Foreign Exchange and Interest Rate products
* All other products regular close
GLOBEX
3:15 pm Close: Foreign Exchange and Interest Rate products
* All other products regular close
NYMEX/COMEX
Floor: Regular Close
NYMEX Electronic Trading and Clearport
Regular Close
ICE
12:00 pm Close: Open Outcry Financial products
3:15 pm Close: Financial and Index products
* All other products regular close
EUREX
Regular Close
OneChicago
Regular Close
NYSE
Regular Close
CME Group
Floor: Closed
GLOBEX
Closed: Commodity, GSCI and Weather Products
10:30 am Close: Equity Products
12:00 pm Close: Foreign Exchange, Interest Rate, Real Estate and Wood Pulp Products
* Regular evening opening for trade date Tuesday, January 20
NYMEX/COMEX
Floor: Closed
NYMEX Electronic Trading and Clearport
Regular Close
ICE
Closed: Open Outcry and Soft products
10:30 am Close: Index products
12:00 pm Close: Financial products
EUREX
Closed: US Equity Derivatives
* All other products regular close
OneChicago
Closed
NYSE
Closed
* All times listed in Central Time
The above calendar is compiled from sources believed to be reliable. Cannon Trading assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled. If you have any questions please contact us at your earliest convenience at 800-454-9572.
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E-Futures International
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by Cannon Trading staff
The image of a successful futures trader is that of a lone wolf surveying the landscape looking for an opportunity to attack and seize quick and substantial profits. We all know about the potential for making a fortune in the futures markets. Yet, few do so. Why is that? What are some of the common pitfalls that prevent this dream from becoming a reality for most traders?
One of the most prevalent misconceptions for inexperienced traders is that they believe themselves to be smarter than the rest of the market participants and underestimate the qualifications and abilities of the rest of the futures markets professionals. The business of trading is dominated by very dedicated, resourceful professionals who have invested a great deal of time and assets into their pursuit of trading profits. Competing against these seasoned professionals is not impossible; but going it alone, especially initially, is usually not the most prudent course of action for new traders.
When we were children, we learned to walk before we learned to run. This is true for most of our life experiences. We played tee ball before we played baseball. We took lessons from Arthur Murray before we entered dance competitions. We watched cooking shows or read cookbooks before we attempted to deep fry our first turkey. So, why do so many novice traders think that they should enter into the world of futures trading without the support of an experienced futures broker? Why, armed with their computers and quote systems, do they think that they are equipped to go it alone and be successful?
It isn't logical. It is counterintuitive to our collective life experiences.
If your goal is to trade independently, why not do so after acquiring valuable experience and insight by working with a seasoned professional broker, someone who is already fully engaged in the futures markets? Why not begin by using a mentor, a teacher, an advisor who can supply ideas, guidelines, disciplines, and insights that the novice trader could not otherwise be exposed to? We all learned to drive with the help of an instructor, so why not approach the futures markets in a similar fashion?
Your hard-earned capital is at stake. Getting an education can be a very expensive process, especially in the futures business. Why not take advantage of the help offered by an experienced professional? Help like this can shorten a new trader's learning curve and reduce the cost of his or her tuition for this education.
It is true that not all brokers are quality teachers or mentors. The futures trader must choose his or her mentor carefully, just as one does when choosing a lawyer, doctor, or accountant. The brokers at Cannon Trading as a group are among the finest professionals. The management at Cannon Trading has chosen these brokers prudently and after much scrutiny. This is evidenced by the impressive record of professional business conduct for the past 20 years by Cannon's brokers. We invite you to compare Cannon Trading to other futures brokerage firms. You will be impressed.
Professional athletes use sports psychologists. Boxers use corner men. Graduate students study under the guidance of their professors. Professional singers utilize vocal coaches. Shouldn't you as a futures trader avail yourself of the same sort of support that successful people in all of these endeavors use? Take full advantage of all of the tools available to you in your quest.
Our suggestion is for traders with little or no experience to contact our full service division brokers and work with them until such time as one feels confident enough to change to a self-directed account. Our brokers work equally well with day trading strategies as well as longer-term position style strategies.
Make 2009 your best trading year possible.
IMPORTANT PLEASE NOTE: TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS. THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS. THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS. THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED. PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Add real-time global stock index prices to your site:
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 01/15 Thu |
7:30 AM CDT - Empire Manufacturing Index(Jan)
7:30 AM CDT - Core PPI & PPI(Dec) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Philadelphia Fed(Jan) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Jan Lumber(CME)
Feb Brent Crude Oil(ICE) |
| 01/16 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Core CPI & CPI(Dec) 8:15 AM CDT - Capacity Util & Industrial Prod(Dec) 8:55 AM CDT - Mich Sentiment(Jan) |
FN: Jan Lumber(CME)
LT: Jan GSCI(CME) Jan Eurodollar Options(CME) Jan NASDAQ 100 Options(CME) Jan Nikkei 225 Options(CME) Jan E-Mini Russell 2000 Options(ICE) Jan S&P 500 Options(CME) Jan E-Mini S&P 500 Options(CME) Feb Orange Juice Options(ICE) |
| 01/19 Mon |
Martin Luther King Holiday
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LT: Jan Eurodollar(CME)
Jan LIBOR(CME) Jan LIBOR Options(CME) |
| 01/20 Tue |
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| 01/21 Wed |
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LT: Feb Platinum Options(CMX)
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| 01/22 Thu |
7:30 AM CDT - Housing Starts(Dec)
7:30 AM CDT - Building Permits(Dec) 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:35 AM CDT - API & DOE Energy Stats 2:00 PM CDT - Cold Storage 3:30 PM CDT - Money Supply |
LT: Feb Crude Oil(NYM)
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* 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!
