Economic Reports

Don’t fight it. You will have losing days. I have been in the futures industry for 20 years now and never have I met a trader who did not have a losing day…and I will never meet one….impossible.

Understand it and accept it. One of your hardest jobs as a day trader is to make sure a losing day does NOT become a disaster…Our human emotions and our brain is not programmed very well to learn how to lose. Yet one of the key differences between traders and those who try to become “traders”…is that traders first learn how to lose. They understand losing is part of trading. The others, refuse to take a lose and will make many mistakes along the way to make a “normal losing” day into a disaster. That may be carrying positions overnight when they normally don’t, reversing, pyramiding and many other mistakes that they would normally not make. That turns a “normal losing day” (maybe for an acct of $10,000, a normal losing day would be down $500?) into one of those days where they wipe out half of their account if not more….

Sometimes we need to learn how to lose before we can excel in trading.

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Gold Demand Hurt by Bitcoin – Levels for Trading on April 24th 2018

April 23rd, 2018 Filed under Bitcoin Futures, Future Trading News | Comment (0)

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Dear Traders,

Bitcoin Nipping At Gold Demand

by DEBBIE CARLSON

Supply & Demand
The World Gold Council (WGC), the trade group representing the gold industry, said in its fourth-quarter Gold Demand Trends report that the yellow metal’s global, full-year demand fell by 7% last year. ETF demand in 2017 was one-third of 2016’s pace, although 2016 was the second-highest year on record.

Rhind and Thomas say the people who were interested in bitcoin were drawn to the parabolic price rise, rather than viewing it as having the same risk management role in their portfolio as gold does.

“Almost to the person, they all thought bitcoin was exploding, and they didn’t want to miss ‘the move’ … no one ever mentioned safety to me,” Thomas said.

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COT Reports and Other Valuable Information Available from the CFTC 4.20.2018

April 19th, 2018 Filed under Future Trading News | Comment (0)

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Dear Traders,

A Quick Review of Valuable Reports Made Available by the C.F.T.C. for All Traders

By John Thorpe, Cannon Trading Senior Broker

A data source that escapes many futures traders and should be reviewed if you are a serious position trader are the reports compiled on a weekly basis by our chief regulator, The Commodity Futures Trading Commission CFTC. These reports offer insight into market imbalances, liquidity, and large bank, both domestic and international, participation. I encourage all traders, even day traders, to familiarize yourself with these reports as they provide a salient view of market structure given a particular futures contract as the structure changes over time.

There is:

1.) BPR’s “Bank Participation Rate” reports which, by open interest you can view market imbalances. Bank Participation Rate Webpage

Another report compiled by the CFTC is the:

2.) Net position changes. The Large Trader Net Position Changes and the Trading Account Net Position Changes data provides the public with a view of the amount of trading that results in net changes to positions at the trader level and at the account level. Net Position Changes Webpage

https://www.cannontrading.com/tools/support-resistance-levels/quick-review-valuable-reports-made-available-c-f-t-c-traders/

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