1. Trading 101: One of the Most Important ( and often overlooked....) Aspects of Day Trading - Learn to Accept Losses
by: Ilan Levy-Mayer, VP
I am frequently asked, (and many times I ask myself) about the keys to trading success in general and futures trading in specific. The list is long and, to be honest, it is not an exact science
Successful trading is a mix of art and math, personality and discipline and much more in between. also be honest, I have seen many different ways to make money in the futures and commodities world. I saw and still see clients trade and make money.
One of the most frequent and overlooked problems is not “how to make money”, but one key is actually “learning how to lose”… .If you have never traded before you may raise an eyebrow…If you have indeed traded before, you’re starting to smell where I am going with this….
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2. Hot Market report: More Upside for Stocks Bulls?
The U.S. stock index futures bulls had a good week, with prices at or near record highs.
The stock index bulls have the solid technical advantage and there are no early technical clues to suggest near-term market tops are close at hand.
Don't be surprised to see geopolitics back on the front burner next week.--Jim
7:30 AM CDT - Chain Deflator-Adv(Q1)
7:30 AM CDT - Employment Cost Index(Q1)
7:30 AM CDT - GDP-Adv(Q1)
8:45 AM CDT - Chicago PMI(Apr)
9:00 AM CDT - Michigan Sentiment-Final(Apr)
FN: May Gold & Silver(CMX)
May Platinum & Palladium(NYM)
May Rough Rice(CBT)
LT: Apr Fed Funds(CME)
Apr Live Cattle(CME)
May RBOB & ULSD(NYM)
Apr Fed Funds Options(CME)
May Lumber Options(CME)
7:30 AM CDT - PCE Prices(Mar)
7:30 AM CDT - Personal Income & Spending(Mar)
7:30 AM CDT - PCE Prices-Core(Mar)
9:00 AM CDT - Construction Spending(Mar)
9:00 AM CDT - ISM Index(Apr)
2:00 PM CDT - Cotton System
2:00 PM CDT - Grain Crushings
2:00 PM CDT - Fats & Oils
FN: May Orange Juice(ICE)
1:00 PM CDT - Auto & Truck Sales
2:00 PM CDT - API Energy Stocks
Disclaimer: This calendar is compiled from
sources believed to be reliable. Moore Research Center, Inc.
assumes no responsibility for any errors or omissions. It is meant
as an alert to events that may affect trading strategies and is not
necessarily complete. The release dates for certain economic
reports may have been rescheduled.
* 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!
RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.