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| International: | (310) 859-9572 |
| USA/Canada: | (800) 454-9572 | |
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| International: | (310) 859-9572 |
In This Issue
Top 50 Mistakes Made by Futures Traders
Stay On Top of the Markets with the Chart of the Day
Reports and Expiration Notices
GOOD TRADING!
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Newsletter Archives
May 7, 2008
A survey of more than 500 experienced futures brokers asked what, in their experience, caused most futures traders to lose money. These account executives represent the trading experience of more than 10,000 futures traders. In addition, most of these Account Executives (AEs) have also traded or are cur rently trading for themselves. Their answers are not summarized because different traders make (and lose) money for different reasons. Perhaps you may recognize some of your strengths and weaknesses. Yet many of the reasons given are very similar from broker to broker. The repetitions stand to demonstrate that alas, many futures traders lose money for many of the same reasons. Perhaps these statements from experienced brokers can make a contribution to you, and make this sometimes fickle, often intricate, always interesting market place of futures trading possible.
Here is what they said:
Usually, they liquidate the good trades and keep the bad ones.
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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCONTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 01/18 Thu |
7:30 AM CST - CPI & Core CPI(Dec) 7:30 AM CST - Housing Starts & Building Permits(Dec) 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 9:00 AM CST - Leading Indicators(Dec) 9:30 AM CST - API & DOE Energy Stats 11:00 AM CST - Philadelphia Fed(Jan) 3:30 PM CST - Money Supply |
|
| 01/19 Fri |
9:00 AM CST - Michigan Sentiment-Prel(Jan)
9:30 AM CST - EIA Gas Storage |
LT: Jan CAC 40
Jan Dow(CBT) Jan Nikkei(CME) Jan E-Mini S&P(CME) Jan E-Mini Nasdaq(CME) Jan E-Mini Russell(CME) Jan S&P 500(CME) Jan Euro Stoxx Jan FTSE 100 Jan Nasdaq 100(CME) Jan Russell 2000(CME) Jan Value Line(KCBT) |
| 01/22 Mon |
|
LT: Feb Crude Oil(NYMEX)
Jan Rice(CBT) |
| 01/23 Tue |
|
|
| 01/24 Wed |
9:30 AM CST - API & DOE Energy Stats
|
|
| 01/25 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 9:00 AM CST - Existing Home Sales(Dec) 9:00 AM CST - Help Wanted Index(Dec) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
LT: Jan Feeder Cattle(CME)
Jan Feeder Cattle Options(CME) Feb Silver Options(CMX) Feb Gold Options(CMX) |
* 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!