In This Issue
Trading Psychology Stage 2 - Acknowledgment
Trader's Resource Spotlight: Delayed Futures Quotes & Charts
Economic Calendar
by: Vadym Graifer of RealityTrader.com
In last weeks newsletter we published the first two parts to the trading psychology mini series: "Trading Psychology 101 and Trading Psychology - Stage 1. Blissful Unawareness". This week we will publish the last three sections in the series: "Trading Psychology - Stage 2. Acknowledgment, Trading Psychology - Stage 3. Clarity and Trading Psychology - Stage 4. Through the Looking-Glass." When you fill out the short form at the bottom of this article you will be able to download all 4 parts.
Vadym is the author of Techniques of Tape Reading (McGraw Hill 2003), How to Scalp Any Market (2005) and Master Profit Plan (2005). Vadym is a frequent featured speaker at International Trader's Expos and Financial Forum Conferences.
He is the founder of RealityTrader.com, a hands-on training company, working with a global community of individuals to achieve high levels of trading success.
Vad is a professional trader and an international private trading mentor responsible for turning around the trading careers of thousands of trader. He has also published articles and interviews in industry magazines, corporate product newsletters and trading forums.
So, our trader comes to realization that his inner mind a) greatly influences his trading performance and b) isn't always under his, trader's, control. Naturally, he wants to take the control over himself - and this is what it is about, self-control.
You can view it in the same terms as you do in life in general. We all found ourselves in a number of situations where the right way to act was not what our emotions dictated. A boss whose thinking doesn not light up the office with knowledge and wisdom? A kid right behind you whose only purpose in life seems to be to pound your seat with his feet during whole flight? Chatty co-worker who doesn't let your button go until he enlightens you about all the plot twists of the soap opera which you never knew existed? Leisure-minded driver in front of you who doesn't seem to recognize a green light as permission to move his foot from brake to gas? Go ahead, list all your gripes with the world, I'll wait couple minutes. OK, an hour.
... Done? Cool, let's continue. What is it that keeps you from giving all the offenders listed above the piece of or your mind (providing you do keep yourself in check)? Or, let's say, from grabbing the ice cream from the passerby when you happen to want it and he happens to have your favorite kind? Discipline does, reinforced by society customs that serve as limitations on our behavior. "Freedom of your fist ends where the freedom of my nose starts." Now, imagine all those limitations being removed and all reinforcements gone; and imagine that any negative outcome of your action are limited to you only so there is no moral or ethical brakes either. Are you garanteed to stay as disciplined and restrained? Heck, some can't even with all those restraining factors in force! Are you more likely now to give in to temptation and act your emotions out?
To Continue Reading the Rest of this Article: Trading Psychology - Stage 2. Acknowledgment as well as the Articles "Trading Psychology 101, Trading Psychology - Stage 1. Blissful Unawareness, Trading Psychology - Stage 3. Clarity, Trading Psychology - Stage 4. Through the Looking-Glass" Please Fill Out the Short Form Below for Immediate Access.
Please take the time to explore the features of our delayed futures quotes and charts, especially the technical corner, which is viewable by clicking the "T," and and the options feature, which includes the $ value for the different strike prices, by clicking on the letter "O." Click on "C" to view charts for the contract.
Finally, by clicking on the letter "E," you will see computer-generated indicators, including the Trend Spotter™.
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 01/26 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 9:00 AM CST - New Home Sales(Dec) 9:30 AM CST - API & DOE Energy Stats 1:15 PM CST - FOMC Rate Decision |
LT: Feb Copper Options(CMX) Feb Silver Options(CMX) Feb Gold Options(CMX) Feb Heating Oil Options(NYM) Feb RBOB Gasoline Options(NYM) Feb Natural Gas Options(NYM) |
| 01/27 Thu |
7:00 AM CST - Census Crush 7:00 AM CST - Cotton Consumption 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Durable Orders(Dec) 9:00 AM CST - Pending Home Sales(Nov) 9:00 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
LT: Jan Copper(CMX) Jan Gold(CMX) Jan Silver(CMX) Jan Platinum(CMX) Jan Palladium(CMX) Jan Feeder Cattle(CME) Feb Natural Gas(NYM) Jan Feeder Cattle Options(CME) |
01/28 |
7:30 AM CST - Dairy Products Prices 7:30 AM CST - Chain Deflator-Adv(Q4) 7:30 AM CST - Employment Cost Index(Q4) 7:30 AM CST - GDP-Adv(Q4) 7:30 AM CST - GDP Deflator(Q4) 8:55 AM CST - Michigan Sentiment-Final(Jan) 2:00 PM CST - Cattle Inventory |
FN: Feb Natural Gas(NYM) |
| 01/31 Mon |
7:30 AM CST - PCE Prices-Core(Dec) 7:30 AM CST - Personal Income & Spending(Dec) 8:45 AM CST - Chicago PMI(Jan) |
FN: Feb Copper(CMX) Feb Gold(NYM) Feb Silver(NYM) Feb Platinum(NYM) Feb Palladium(NYM) LT: Jan Fed Funds(CME) Feb Heating Oil(NYM) Feb RBOB Gasoline(NYM) Jan Fed Funds Options(CME) Feb Lumber Options(CME) |
| 02/01 Tue |
Tue 9:00 AM CST - Construction Spending(Dec) 9:00 AM CST - ISM Index(Jan) 2:00 PM CST - Auto & Truck Sales(Feb) |
|
| 02/02 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 6:30 AM CST - Challenger Job Cuts(Jan) 6:30 AM CST - Chicago PMI(Jan) 7:15 AM CST - ADP Employment Change(Jan) 9:30 AM CST - API & DOE Energy Stats |
FN: Feb Heating Oil(NYM) Feb RBOB Gasoline(NYM) |
| 02/03 Thu |
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Productivity-Prel(Q4) 7:30 AM CST - Unit Labor Costs(Q4) 9:00 AM CST - Factory Orders(Dec) 9:00 AM CST - ISM Services(Jan) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
LT: Jan Milk(CME) Jan Milk Options(CME) |
| 02/04 Fri |
7:30 AM CST - Dairy Products Prices 7:30 AM CST - Ave Workweek & Hourly Earnings(Jan) 7:30 AM CST - Nonfarm Payrolls(Jan) 7:30 AM CST - Unemployment Rate(Jan) |
LT: Feb Canadian Dollar Options(CME) Feb Currencies Options(CME) Feb US Dollar Index Options(ICE) Feb Live Cattle Options(CME) Feb Pork Bellies Options(CME) Mar Cocoa Options(ICE) |
| 02/07 Mon |
2:00 PM CST - Consumer Credit(Dec) | FN: Feb Live Cattle(CME) Feb Pork Bellies(CME) |
| 02/08 Tue |
* 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!