October 13, 2017 - Issue #895
In This Issue
1. Trading 201: Learn to Accept a Losing Day
2. Hot Market report: Volatility Continues in Crude Oil Futures
3. Economic Calendar
1. Trading 201: Learn to Accept a Losing Day
(by Ilan Levy-Mayer VP of Cannon Trading and CTA at Levex.net )
I am asked (and many times I ask myself…) about the keys to succeeding in trading in general and futures trading in specific. The list is long and to be honest it is not a science.
It is a mix of art and math, personality and discipline and much more in between. In all honesty 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 biggest and overlooked problems is not “how to make money” it is actually “learning how to lose”….If you never traded before you may raise an eyebrow…If you traded you starting to smell where I am going with this….
So many times as a broker I see clients who know how to make money...I see it in the daily statements, good winning %, and consistent profits UNTIL....
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2. Hot Market Report: Cold Water to Push Natural Gas Higher?
By Sean Malone, Cannon Trading BrokerClick on image below to enlarge
Good turn around in energies this week. Natural Gas recovering from deep oversold conditions, shouldn’t see must resistance until close to the $3.20 area.
Looks like the funds are becoming buyers of most commodities, so could see good continuation here.
Stocks of natural gas are in line with averages, if we get a cold winter to along with fund buying could see this market jump again.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 10/12 Thu |
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Core PPI & PPI(Sep) 9:30 AM CDT - EIA Natural Gas Report 10:00 AM CDT - EIA Petroleum Status Report 11:00 AM CDT - WASDE Report & Crop Production 2:00 PM CDT - Dairy Products Sales |
|
| 10/13 Fri |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Core CPI & CPI(Sep) 7:30 AM CDT - Retail Sales(Sep) 7:30 AM CDT - Retail Sales Ex-Auto(Sep) 9:00 AM CDT - Business Inventories(Aug) 9:00 AM CDT - Mich Sentiment-Prel(Oct) |
LT: Oct Hogs(CME)
Oct Soymeal,Soyoil(CBT) Oct Eurodollar Options(CME) Oct Hogs Options(CME) Nov Coffee Options(ICE) |
| 10/16 Mon |
7:30 AM CDT - Empire Manufacturing(Oct)
11:00 AM CDT - NOPA Crush |
LT: Oct Eurodollar(CME)
Oct Mx Peso(CME) Nov Sugar-11 Options(ICE) |
| 10/17 Tue |
7:30 AM CDT - Export (ex-ag) & Import (ex-oil) Prices(Sep)
8:15 AM CDT - Capacity Util & Industrial Prod(Sep) 3:00 PM CDT - Net Long-Term TIC Flows(Oct) 3:30 PM CDT - API Energy Stocks |
LT: Nov Crude Lt Options(NYM)
|
| 10/18 Wed |
6:00 AM CDT - MBA Mortgage Applications Index
7:30 AM CDT - Building Permits & Housing Starts(Sep) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - Fed's Beige Book(Oct) 2:00 PM CDT - Dairy Products Sales |
LT: Nov Platinum Options(NYM)
Nov Palladium Options(NYM) |
| 10/19 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Philadelphia Fed(Oct) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
|
| 10/20 Fri |
9:00 AM CDT - Existing Home Sales(Sep)
2:00 PM CDT - Cattle On Feed 2:00 PM CDT - Milk Production |
LT: Nov Crude Lt(NYM)
Oct Nikkei Options(CME) Oct Russell Options(CME) Nov Cotton Options(NYM) Nov Orange Juice Options(ICE) |
| 10/23 Mon |
2:00 PM CDT - Cold Storage
|
|
| 10/24 Tue |
3:30 PM CDT - API Energy Stocks
|
LT: Nov Crude Lt(NYM)
|
| 10/25 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
7:30 AM CDT - Durable Goods Ex-Transportation(Sep) 7:30 AM CDT - Durable Orders(Sep) 8:00 AM CDT - FHFA Housing Price Index(Aug) 9:00 AM CDT - New Home Sales(Sep) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Product Sales |
|
| FN=First Notice, OE=Option Expiration, LT=Last Trade | ||
* 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!
