1. September To December Rollover Notice

Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 8th at 8:30 am Chicago time from the September 2011 contract to the December 2011 contract. The month code for December is 'Z'.

It is recommended that all new positions be placed in the December contract as of Thursday's trade date.

Please close any open September Currencies positions by the close on Friday, September 16th.

Should you have any further questions please contact your futures broker.

This notice was originally posted in our daily update: September to December 2011 Equities Indices Futures Rollover Dates – ES, NQ, TF, EMD, YM.

2. Educational Feature: Dealing With Losing Trades

(Note: This feature is a favorite of mine, and I believe all traders need to address this issue every once in a while.)

By Jim Wyckoff

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.)

I had lunch with one of my trading mentors a while back. We discussed losing trades. I asked my mentor how many losing trades in a row he has had to endure during his long and successful trading career. His reply was 13 in a row. I asked him how he coped with that. He said that while it was certainly not easy, he knew that losing trades are a part of the business and that he was in the business "for the long haul," and that his trading methodology was sound. He added, "Ninety-percent of futures trading profits are made on 10% of the trades, which means most of the other trades are either small losers or break-even-type trades." This is an important fact for all traders to keep in mind.

My lunch meeting with my mentor was good for me because, even though we made no "break-through" discoveries on the path to increased futures trading success, we did reaffirm our own philosophies on trading and markets. My passion for trading and market analysis is fed immensely every time I talk with people in my profession, or attend the quality trading seminars.

For many of you, the futures trading arena can be more fulfilling (and more fun) if you have someone, or some support group, with which to share your thoughts and strategies. If you are passionate about futures trading and markets, finding someone who shares that passion is a great trading tool within itself!

That's it for now. Next time, we'll discuss another important issue on your path to trading success.

Jim has an excellent daily newsletter where he reviews different markets, alerts you for potential trades and much more. Included is his great bi-weekly newsletter with charts and a little longer term outlook. We recommend checking out his website, educational CDROM, and services at Jim Wyckoff

Disclaimer:

Trading commodity futures and options involves substantial risk of loss. The recommendations 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 futures 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!

3. Economic Calendar

Source: Moore Research Center, Inc.

Date	Reports	Expiration & Notice Dates
09/07 Wed	6:00 AM CDT - MBA Mortgage Purchase Index 1:00 PM CDT - Fed's Beige Book(Sep)
09/08 Thu	7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Trade Balance(Jul) 9:30 AM CDT - EIA Gas Storage 10:00 AM CDT - API & DOE Energy Stats 2:00 PM CDT - Consumer Credit(Jul) 3:30 PM CDT - Money Supply
09/09 Fri	7:30 AM CDT - Dairy Products Prices 7:30 AM CDT - USDA Weekly Export Sales 9:00 AM CDT - Wholesale Inventories(Jul)	LT: Sep Canadian Dollar Options(CME) Sep Currencies Options(CME) Sep US Dollar Index Options(ICE) Oct Coffee Options(ICE)
09/12 Mon	7:30 AM CDT - WASDE Report & Crop Production	LT: Sep Orange Juice(ICE)
09/13 Tue	7:30 AM CDT - Export & Import Prices(Aug) 1:00 PM CDT - Treasury Budget(Aug)
09/14 Wed	6:00 AM CDT - MBA Mortgage Purchase Index 7:30 AM CDT - NOPA Crush 7:30 AM CDT - Core PPI & PPI(Aug) 7:30 AM CDT - Retail Sales(Aug) 9:00 AM CDT - Business Inventories(Jul) 9:30 AM CDT - API & DOE Energy Stats	LT: Sep Wheat(CBT) Sep Corn(CBT) Sep Oats(CBT) Sep Rough Rice(CBT) Sep Soybeans(CBT) Sep Soyoil(CBT) Sep Soymeal(CBT)
09/15 Thu	7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Core CPI & CPI(Aug) 7:30 AM CDT - Current Account Balance(Q2) 7:30 AM CDT - Empire Manufacturing(Sep) 8:15 AM CDT - Capacity Util & Industrial Prod(Aug) 9:00 AM CDT - Philadelphia Fed(Sep) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply	LT: Sep Lumber(CME) Sep NASDAQ (CME) Sep Cocoa(ICE) Sep S&P 500(CME) Sep NASDAQ Options(CME) Sep S&P 500 Options(CME) Sep Value Line Options(CME) Oct Crude Lt Options(NYM) Oct Sugar-11 Options(CME)
09/16 Fri	7:30 AM CDT - Dairy Products Prices 8:00 AM CDT - Net Long-Term TIC Flows(Jul) 8:55 AM CDT - Mich Sentiment(Sep)	FN: Sep Lumber(CME) LT: Sep DJIA(CME) Sep E-Mini S&P 500(CME) Sep E-Mini NASDAQ(CME) Sep Russell(CME) Sep Value Line(CME) Sep DJIA Options(CME) Sep E-Mini S&P 500 Options(CME) Sep E-Mini NASDAQ Options(CME) Sep Russell Options(CME) Oct Cotton Options(CME) Oct Orange Juice Options(ICE)
09/19 Mon	9:00 AM CDT - NAHB Housing Market Index(Sep) 2:00 PM CDT - Milk Production	LT: Sep Currencies(CME) Sep Eurodollar(CME) Sep US Dollar Index(ICE) Sep Eurodollar Options(CME)
09/20 Tue	7:30 AM CDT - Housing Starts & Building Permits(Aug) 1:15 PM CDT - FOMC Rate Decision(Sep)	FN: Sep US Dollar Index(ICE) LT: Sep Canadian Dollar(CME) Sep Coffee(ICE) Oct 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!