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Spread Scan Issue: December 30, 2009 - Volume 279
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:
- Andy's Spread Trading Example
- Previous Trades
- Andy Jordan's Trading Bites
- A personal message to our subscribers from Joe Ross
- NEW YEAR Sale at Trading Educators: 10% OFF selected products and services - 5 days only
- Broker Referral information
- Next online live discussions for Traders with Joe Ross:
Wednesday, January 6 and January 13, 2010- About Joe Ross and Andy Jordan
- TE Traders Forum
- Contact Us
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.
THANK YOU, SPREAD SCAN READERSA Personal Note from Joe Ross
to our many subscribers:
2009 was another great year for spread trading, as are most years. In reviewing all of the trades made during the year, we found that there were periods in which there were so many spread trades that it was difficult to choose the best ones. It seemed that all of them were the “best” ones. We were fortunate in the ones that were chosen.
As is typical in any trading year, there were periods in which we had to exercise patience to wait for good spread trades. But patience had its reward, and overall we came out with terrific results. In those few times when we had to exercise patience, our swing trades more than filled the gap, themselves producing excellent results.
We took a poll of our spread trading subscribers to Traders Notebook. We were very pleased to see that over 80% of them were very happy with the result of their trading.
Spreads still offer one of the most cost-effective ways to trade. With margins so high in the outrights, the spreads were 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 trades at all levels.
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.
We thank Andy Jordan for doing an outstanding job of demonstrating, week-after-week, the examples of winning spread trades which were published in our free weekly Spread Scan newsletter, which by the way, will have a new design in the new year.
Wishing you all the best in 2010,
Joe Ross & the Team at Trading Educators
Note: Trading Educators is on break between December 21, 2009 and January 4, 2010. 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. 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 out 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 its 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 out to all subscribers January 6, 2010.
Learning from Mistakes
If you make mistakes during trading, go back in your mind to see what you could have done better, or differently. There is usually something to learn from each trade. For example, did you stay too long in a single trade? Did you trade too aggressively, or not aggressively enough? Should you have cashed in (or added) some contracts, but didn’t?
Mistakes don’t matter much if you learn from them. Analyze mistakes, use them to adjust, and move on to do better next time. Large mistakes, horrendous mistakes, are usually self-correcting. Generally when we make one, we will not repeat it. Mistakes always seem like failures at the time, but they really are not – they are really a step forward.
There is always more to learn in trading, no matter at what level we are. The education is never complete. The journey goes on, with endless course corrections and continual adjustments.
© 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.
NEW YEAR Sale at Trading Educators:
10% OFF selected products and services - 5 days onlyDecember 30, 2009 - January 3, 2010
Don't miss out! Choose from our selected products and services and get 10% OFF. Order valid from December 30, 2009 until January 3, 2010 on your purchase of $100 or more. Discount applied to product total only.
Discount will be applied 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. Discount on subscription services applicable for the first month only.
FOLLOW THIS LINK TO SEE AN OVERVIEW OF OUR SELECTED PRODUCTS AND SERVICES
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I am regularly asked the question, "Joe, can you refer me to a good broker?" What is a "good" broker? These days, with the need for broker assistance with order placement becoming increasingly less important as traders increasingly trade via electronic platforms, what constitutes good brokerage? It seems that a part-time high school student could help people fill out the account-opening forms on the broker's website. So why do we need a "good" broker? |
Believe it or not, there are still reasons to want and need a "good" broker, and that is why we still maintain a strong relationship with the broker we use for our own trading. Besides the many questions that can be answered by a broker, there are times when you need someone at your side — the broker can be your friend. In fact, the broker can fight for you in the event of a dispute. There is much more to know about what a broker can do for you. We are happy to refer you to the one with whom we have had a long-time happy relationship. Service is important, especially when you have a question.
If you follow the link below, you will discover information describing some of the things you need to know about what a "good" broker is.
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 January, 2010
Wednesday, January 13, 2010
Wednesday, January 20, 2010
Wednesday, January 27, 2010
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 January 2010
Wednesday, January 06, 2010
Wednesday, January 13, 2010
Wednesday, January 20, 2010
Wednesday, January 27, 2010
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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This publication is not intended for use as a source of any advice such as legal, medical, or accounting. The Publisher wants to stress that the information contained herein may be subject to varying international, federal, state and/or local laws or regulations. The purchaser or reader of this publication assumes responsibility for the use of these materials and information. Adherence to all applicable laws and regulations, including international, federal, state and local, governing professional licensing, business practices, advertising and all other aspects of doing business in the US, Canada, or any other jurisdication is the sole responsibility of the purchaser or reader. Neither the author nor the Publisher assumes any responsibility or liability whatsoever on the behalf of any reader of these materials.
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!