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Spread Scan Issue: December 23, 2009 - Volume 278
Welcome to this week’s issue of the Joe Ross Spread Trading Newsletter. The Spread Scan weekly newsletter is designed to assist you in becoming a better, more complete trader by showing you, within the context of the markets, how to trade spreads. Follow this link to view this week's Spread Scan immediately, or read on.
In this newsletter you will see applications of spreading in the futures and commodity markets. Spreads are applicable to all futures markets including currencies, commodities, financial instruments, and stock indexes. It is even possible to trade spreads in the all-electronic intraday market using day trading techniques.
Spreads are based on seasonality, correlation, backwardation, chart patterns, and simple observation. Spreads follow the Law of Charts™ and can be implemented using the Traders Trick™ entry.
In each issue of Spread Scan, you will find an upcoming spread trade for your consideration in the following week. You will also find a review of an existing or closed spread so you can see and learn how spread trades are managed.
Spreads offer you the most efficient use of your margin account of any other way to trade. Many traders find they like them so much that spreading becomes their primary way of trading.
Each week we present spread trading examples and opportunities to help you become a more professional spread trader, and we provide you with helpful content of interest to traders:
Be sure to "white list" us to ensure that you receive all your issues of Spread Scan. That way you can continue to enjoy learning through the best free educational trading information available, and we can keep you informed about additional trading techniques, educational services and products to help you grow as a successful and profitable spread trader.
Spread Scan issue # 278 and issue # 279 do not include Andy's Spread Scan Example or Previous Trades. These two issues present you with only a Trading Article. Trading Educators is on break between December 21, 2009 and January 4, 2010. We strongly advise all traders to REFRAIN FROM spread TRADING NEAR HOLIDAYS - volume is thin, and those participating have nothing better to do than churn the markets!
Next Spread Scan with commentary and Spread Examples will be sent to all subscribers January 6, 2010.
If you wish to review Spread Scans from the past 3 months, please follow
any of the following links to any weekly issue:
Spread Scan issue # 278 and issue # 279 do not include Andy's Spread Scan Example or Previous Trades. These two issues present you with only a Trading Article. Trading Educators is on break between December 21, 2009 and January 4, 2010. We strongly advise all traders to REFRAIN FROM spread TRADING NEAR holidays - volume is thin, and those participating have nothing better to do than churn the markets!
Next Spread Scan with commentary and Spread Examples will be sent to all subscribers January 6, 2010.
How to detach emotionally from trading
One method of remaining calm is by detaching oneself emotionally. Be as indifferent as possible to the outcome of the trade, knowing in advance that aberrations (in the statistical long run) are going to occur. Put your focus on managing your trade correctly, and controlling your emotions. This must always be high priority. It is easier to stay detached when you are winning. The trick is to stay detached from your trading when you are struggling.
While the bad times can be frustrating, you must realize that getting yourself beyond this, emotionally, is essential for good trading.
Whenever you are struggling, take a step back from trading and calm down. Remind yourself of the perspective you need, and of your goals.
Later, when your negative emotions have died down, and you have shifted back to neutral, take a deep breath and start all over again. Nothing is better then a fresh new start.
© by Trading Educators, Inc
Re-transmission or reproduction of any part of this material is strictly
prohibited without the prior written consent of Trading Educators, Inc.
Joe Ross and Trading Educators provide an easy way for you to learn everything there is to know about Spread Trading. Through Joe's original approach to Spread Trading, we can offer you a complete Spread Training Program. We don't want you to just buy and learn — we want to see how you succeed as a professional and profitable Spread Trader when you send us your testimony.
Why Spread Trading?
Spreads still offer one of the most cost-effective ways to trade. With margins so high in the outrights, the spreads are spectacular in offering the best and most efficient use of capital.
The risk factor in spreads can range from very low risk to relatively high risk. Fortunately for spread traders, there have been plenty of all kinds.
We continue to see that spread trading is one of the best ways to ease into trading the futures markets. With lower costs and lower risk, spreads are truly a thinking trader’s way to trade.
Learn from a Pro and you will become a Pro
How?
Take JOE'S ONLINE SPREAD TRADING SEMINAR right where you are. It is available to you at your convenience, there is no need for you to travel far or spend lots of money for airline tickets, gasoline, or hotel accommodations. Learn comfortably at home or in your office. All you need nowadays to connect worldwide is a Computer or Laptop with Internet connection to download the seminar video onto your computer. Read on and save money on this special seminar.SPECIAL OFFER: Enter Coupon "spreadscan278" when you check out and get $200 off the original seminar price for the Spread Online Seminar - valid only if you order by the end of this year, December 31, 2009 - 11:59pm CT.
Coupon needs to be entered at checkout at the Trading Educators store. Offer valid online only. Not valid on special orders, e-gift card orders, previous purchases, or on orders after the specified date. Not redeemable for cash. This offer is subject to change, including termination, without notice.
FRESH PERSPECTIVES - Ready for YOUR active participation.
Joe's live chats are an incomparable service from Trading Educators. The chats encourage forward-thinking, and inspire others by what is shared. Gather up your questions and comments, and "meet" other traders on line. Joe Ross will answer everything he can - come and join either his U.S. Live Chat or his Euro Live Chat:
Next U.S. Chats for December 2009
Wednesday, December 23, 2009
We hope you will join us!
Here
is where you login to Joe's Wednesday Chat
You can also view our saved weekly Chat Logs in case
you missed any Chats but want to be up-to-date
Next Euro Chats for December 2009
Wednesday, December 23, 2009
We hope you will join us!
Here is where you login to Joe's Euro Chat
You can also view our saved weekly Chat Logs in case
you missed any Chats but want to be up-to-date.
ABOUT JOE ROSS:
Joe Ross has been trading and investing since his first trade at the age of 14, and is a well known Master Trader and Investor. He has survived all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits. Joe Ross is the discoverer of the Ross hook(TM), and has set new standards for low-risk trading with his concepts of The Law of Charts(TM) and the Traders Trick Entry(TM). Joe was a private trader and investor for much of his life, but a serious health situation in the late 1980's caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his approaches to trading. Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into various languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent (now including Antarctica) is huge. As one student, a successful trader, wrote: "Thanks again for your trust and patience...Joe is a fountain of knowledge...but it is his wisdom that really sets him apart." Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in "Who's Who in America." After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the primary author and Editor-in-Chief of the company's newsletters: Chart Scan(TM), Spread Scan(TM) , Traders Money Club™ and Traders Notebook(TM). He is also the host of the free Traders Live Chat, the free European Chat for Traders, and the moderator of his popular trading forum. |
Joe's philosophy for helping traders is:"Teach our students the truth in trading — teach them how to trade. Give them a way to earn while they learn, realizing that it takes time to develop a successful trader."
Joe sets forth the mission of Trading Educators as follows:
For information about Joe Ross and Trading Educators,
please follow this link...
ABOUT ANDY JORDAN:
Educator
for Spread Trading and
Editor of Traders Notebook & Spread Scan Andy
Jordan made his first option trade at the age of 18. Since then
he has been fascinated by the world of trading. In 2002 he met
Joe Ross, and became interested in spread trading. Andy was
then intensively tutored by Joe Ross and personnel at Trading
Educators. Andy is the founder and president of Jordan Trading, S. A. Even though Andy has shown through live chats and in several
trading journals that he is able to day trade today's markets,
spread trading has always been his favorite. In
addition to his own spread trading activities, Andy is the editor
of Traders
Notebook. For those interested in one-on-one personal coaching,
Andy has developed and instructs an online course in spread trading, "Trading Mentoring - Trade with
a Pro," during which he demonstrates all aspects
of trading from choosing the trades on through how and when
to enter the trades, manage the trades, and exit the trades.
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We
created our Trading
Community Forum for the purpose of providing positive, uplifting
educational material to traders who want to participate. There
is much to be gained from the collective wisdom and experiences
of those who choose to participate. Let’s share what we have learned
that has been helpful. Let’s all push forward to exchange new
ideas and interesting concepts. |
If you are willing to share what works for you, then we welcome you. Your ideas may help someone else on their way to success. In turn, you may pick up an idea or piece of information that will help you to become a better trader.
Joe Ross has been trading the markets, virtually all of them, beginning well over fifty years ago. He is now in his seventies, enjoying sharing his experiences of many years through his books, seminars, individual tutoring, and newsletters.
We hope you decide to join us in our forum to make your contributions as well.
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Joe Ross & Trading Educators, Inc. own all rights, title and interest to this publication. No part of this publication may be reproduced, in whole or in part, or by any means, mechanical or electronic, without permission in writing from the Publisher.You have no rights to resell, reprint, reproduce, or digitize Spread Scan Newsletter. While all attempts have been made to verify information provided in this publication, neither the author nor the Publisher assumes any responsibility for errors, omissions, or contrary interpretation of the subject matter herein.
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Disclaimer:
The Commodity Futures Trading Commission has asked us to advise you that trading spreads or outright futures is complex and carries a high degree of risk. While there is opportunity for incredible wealth building, there is also the risk of losing even more than you invested. Of course, that's not unlike most other businesses. But informed traders are the best traders!