March 17th, 2010 - Issue #524

In This Issue

1. Cannon Trading Financial Widgets
2. Top 50 Futures Trading Rules
3. Economic Calendar

1. Cannon Trading Financial Widgets

Cannon Trading Financial Widgets are small bits of financial content that you can add to your website or to your iGoogle homepage. We've built a series tools that allow you or your visitors to follow the market.

Browse our financial widgets now →

Available Cannon Trading Financial Widgets include:

• Energy Prices
• Precious Metals Prices
• Exotics & Softs Prices
• Grain Prices
• Economic Dashboard
• Economic Calendar
• Commodity Futures News

Learn more about widgets at Wikipedia.

2. Top 50 Futures Trading Rules

500 experienced futures brokers were asked what caused most futures traders to lose money.

Their answers reflected the trading experience of more than 10,000 futures traders.

First 10 of 50 Trading Rules:

1. Many futures traders trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they "second guess" it and don't stick to it, particularly if the trade is a loss. Consequently, they overtrade and use their equity to the limit (are undercapitalized), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones.
2. Many traders don't realize the news they hear and read has, in many cases, already been discounted by the market.
3. After several profitable trades, many speculators become wild and nonconservative. They base their trades on hunches and long shots, rather than sound fundamental and technical reasoning, or put their money into one deal that "can't fail."
4. Traders often try to carry too big a position with too little capital and trade too frequently for the size of the account.
5. Some traders try to "beat the market" by day trading, nervous scalping, and getting greedy.
6. They fail to pre-define risk, add to a losing position, and fail to use stops.
7. They frequently have a directional bias; for example, always wanting to be long.
8. Lack of experience in the market causes many traders to become emotionally and / or financially committed to one trade and unwilling or unable to take a loss. They may be unable to admit they have made a mistake, or they look at the market on too short a timeframe.
9. They overtrade.
10. Many traders can't (or don't) take the small losses. They often stick with a loser until it really hurts, then take the loss. This is an undisciplined approach. A trader needs to develop and stick with a system.

To read the rest of the list immediately, fill out the form below:

3. Economic Calendar

Source: Moore Research Center, Inc.

* 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!