Jan. 25, 2013 - Issue #670
In This Issue
1. Trader's Resource Corner: 2013 Interactive Calendar
2. Mental Mistakes To Avoid
3. Economic Calendar
1. Interactive Trading Calendar
Make sure to bookmark this section! A new, interactive trading calendar for 2013, full with economic reports schedule, last trading days, options expiration and much more!
2. Mental Mistakes Most Day-Traders Make. Read, Print and Avoid!
From our friend Marc of TradingEmini.com
"When you learn what not to do in order not to loose, only then can you begin to learn what to do in order to win" - Edwin Lefevre, Reminiscences of a Stock Operator
1. Managing Position Size Size envy can make traders take larger positions than they should.
Most people can't walk straight into a gym and bench press 300lbs. Traders must build up financial capacity, technical skills and emotional development, judging progress against their own levels not others.
2. Dreaming of a Big Win This is the earmark of a beginner.
The key to success is consistency, steadily achieving profits with a simple sound process and using runners catch the larger moves or position trade with a separate broker account. A successful athlete focuses on the steps to achieve results not the results.
To read the remaining Mental Mistakes, please fill out this form.
Cannon Trading respects your privacy and will never give this information to a 3rd party.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 01/28 Mon |
7:30 AM CST - Durable Goods-Ex Transportation(Dec) 7:30 AM CST - Durable Orders(Dec) 9:00 AM CST - Pending Home Sales(Dec) |
LT: Feb Copper Options(CMX) Feb Gold Options(CMX) Feb Silver Options(CMX) Feb Heating Oil Options(NYM) Feb RBOB Gasoline Options(NYM) Feb Natural Gas Options(NYM) |
| 01/29 Tues |
8:00 AM CST - Case-Shiller 20-City Index(Nov) 9:00 AM CST - Consumer Confidence(Jan) FOMC Meeting |
LT: Jan Butter(CME) Jan Milk(CME) Jan Copper(CMX) Jan Gold(CMX) Jan Silver(CMX) Jan Platinum(NYM) Jan Palladium(NYM) Feb Natural Gas(NYM) Jan Butter Options(CME) Jan Milk Options(CME) |
| 01/30 Wed |
6:00 AM CST - MBA Mortgage Purchase Index 7:15 AM CST - ADP Employment Change(Jan) 7:30 AM CST - Chain Deflator-Adv(Q4) 7:30 AM CST - GDP-Avd(Q4) 9:30 AM CST - API & DOE Energy Stats 1:15 PM CST - FOMC Rate Decision(Jan) 3:00 PM CST - Dairy Products Sales |
FN: Feb Natural Gas(NYM) |
| 01/31 Thurs |
6:30 AM CST - Challenger Job Cuts(Jan) 7:30 AM CST - USDA Weekly Export Sales 7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Employment Cost Index(Q4) 7:30 AM CST - PCE Prices-Core(Dec) 7:30 AM CST - Personal Income & Spending(Dec) 8:45 AM CST - Chicago PMI(Jan) 9:30 AM CST - EIA Gas Storage 3:30 PM CST - Money Supply |
FN: Feb Copper(CMX) Feb Gold(CMX) Feb Silver(CMX) Feb Platinum(NYM) Feb Palladium(NYM) LT: Jan Feeder Cattle(CME) Jan Fed Funds(CME) Feb Heating Oil(NYM) Feb RBOB Gasoline(NYM) Jan Feeder Cattle Options(CME) Jan Fed Funds Options(CME) |
| 02/01 Fri |
7:30 AM CST - Ave Workweek & Hourly Earnings(Jan) 7:30 AM CST - Nonfarm Payrolls(Jan) 7:30 AM CST - Unemployment Rate(Jan) 8:55 AM CST - Michigan Sentiment-Final(Jan) 9:00 AM CST - Construction Spending(Dec) 9:00 AM CST - ISM Index(Jan) 1:00 PM CST - Auto & Truck Sales(Jan) |
LT: Feb Live Cattle Options(CME) Mar Cocoa Options(ICE) |
| 02/04 Mon |
9:00 AM CST - Factory Orders(Dec) | FN: Feb Live Cattle(CME) Feb Heating Oil(NYM) Feb RBOB Gasoline(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!
