March 2nd, 2018 Newsletter

March 2nd, 2018 - Issue #912

In This Issue

1. Trading 102: What's Your Trading blood type?
2. Hot Market Report: Wheat Futures - The legend of Tomb Trader?
3. Economic Calendar

1. Trading 102: What's Your Trading  blood type?

This is a reprint of an article Ilan Levy-Mayer, VP of Cannon wrote for SFO magazine a few years back. Valuable information which we wanted to share with you:

Perhaps the greatest luxury I have in this business is the ability to observe the experiences of many traders with different personalities, life schedules and risk capital, each trading in a variety of markets. What most astute brokers realize is that, over time, as some individuals prematurely exit winners while others desperately cling to losers, it becomes quite possible to match different "blood types" of those traders with their correct "trading diets." Clearly, we're not talking the medical blood type here, but in the figurative sense it makes the right point. With practice, it's not too hard to determine blood types (type of trading best suited to the individual) based on the personality of the trader, and then prescribe a diet based on that individual trader's capital, experience, risk profile and schedule.

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2. Hot Market Report: Wheat Futures - Voice From The Tomb History

Click on image below to enlarge

Dry weather in Argentina, tough weather in the US wheat region along with a strong move in the beans complex helped wheat futures jumpt much higher! Or perhaps the following may be part of it? Voice From The Tomb History This is the legend of a wise grain trader that made a fortune trading "seasonals" in the pits of the Chicago Board of Trade. "After his wife died, a millionaire grain trader dedicated his life to raising their children. The children were lazy and thought they'd inherit all of their father's money. He felt that his children were wasteful and believed they took him for granted. When he died, all the money went to charity. All he left them in his will were the following dates of when to buy and sell. The will said that if they strictly followed his advice, they'd have the fortunes they always thought were going to drop in their laps." Obviously this may just be a nice story...but one of the dates for the wheat market were: Buy February 22nd....
WEEKLY chart of the wheat market for your review.
Our brokers here at Cannon will be happy to chat about the wheat market, The "legend of the tomb trader" and other dates for grains, possible spreads and much more! Feel free to contact us at any time.

3. Economic Calendar

Source: Moore Research Center, Inc.

* 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!