In This Issue
1. Educational Feature: Dealing With Losing Trades
2. Monthly Chart of the Dow Jones
3. Economic Calendar
by Jim Wyckoff
(Note: This feature is a favorite of mine, and I believe all traders need to address this issue every once in a while.)
A main tenet of success in futures trading is the ability to accept losing trades as part of the overall trading process. This is not an easy undertaking--especially since many futures traders tend to be of a more competitive nature in the first place. Traders certainly don't have to enjoy losing trades, but they must accept the fact and move on. Those who can't accept the fact that losing trades are a part of futures trading usually don't stay in the business very long.
My wife is a school teacher, and one of her favorite acronyms--ADM--can be applied to losing futures trades. "Accept" it. "Deal" with it. "Move" on. (This is a part of the important psychological aspect of trading, and deserves much more discussion than I can provide in this feature.)
Monthly Chart of the Dow Jones Industrial average for your review:
Click the image to enlarge
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 04/06 Wed |
6:00 AM CDT - MBA Mortgage Index
9:30 AM CDT - API & DOE Energy Stats |
|
| 04/07 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:30 AM CDT - EIA Gas Storage 2:00 PM CDT - Consumer Credit(Feb) 3:30 AM CDT - Money Supply |
|
| 04/08 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - WASDE Report & Crop Production 9:00 AM CDT - Wholesale Inventories(Feb) |
LT: Apr Canadian Dollar Options(CME)
Apr Currencies Options(CME) Apr US Dollar Options(ICE) May Cotton Options(CME) May Coffee Options(ICE) |
| 04/11 Mon |
||
| 04/12 Tue |
7:30 AM CDT - Trade Balance(Feb)
7:30 AM CDT - Export & Import Prices(Mar) 1:00 PM CDT - Treasury Budget(Mar) |
|
| 04/13 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Retail Sales(Mar) 9:00 AM CDT - Business Inventories(Feb) 9:30 AM CDT - API & DOE Energy Stats 1:00 PM CDT - Fed's Beige Book(Apr) |
|
| 04/14 Thu |
7:30 AM CDT - NOPA Crush
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - PPI & Core PPI(Mar) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Apr Lean Hogs(CME)
Apr Lean Hogs Options(CME) May Crude Lt Options(NYM) |
| 04/15 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - CPI & Core CPI(Mar) 7:30 AM CDT - Empire Manufacturing(Apr) 8:00 AM CDT - Net Long-Term TIC Flows(Feb) 8:15 AM CDT - Industrial Prod & Capacity Util((Mar) 8:55 AM CDT - Mich Sentiment(Apr) |
FN: May Cocoa(ICE)
LT: Apr DJIA Options(CME) Apr S&P 500 Options(CME) Apr E-Mini S&P 500 Options(CME) Apr NASDAQ Options(CME) Apr E-Mini NASDAQ Options(CME) Apr Russell Options(CME) Apr Value Line Options(CME) Apr Eurodollar Options(CME) May Orange Juice Options(ICE) May Sugar 11 Options(NYM) |
| 04/18 Mon |
9:00 AM CDT - NAHB Housing Market Index(Apr) | |
| 04/19 Tue |
7:30 AM CDT - Building Permits & Housing Starts(Mar)
2:00 PM CDT - Milk Production |
LT: May Crude Lt(NYM) |
* 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!