The day before Thanksgiving was a typical “Day before Thanksgiving”. The markets were going absolutely no where. I got into a couple of positions. Some worked. Some did not. The whole week was a bit of a write off actually. Trading’s like this. Without any substantial news to drive the markets this week the markets were very flat. I had to fight for every nickel. I would have been better off to take the week off and head out of town for a few days to clear my head. Christmas will be like this too. Definitely a good excuse to take some well deserved time off. Finished the morning down $620 for my trouble. Happy Thanksgiving!
[Note: I won’t be trading on Friday, even though the markets will be open. It’ll just be more of the same. Maybe worse – if that were possible]
E- Bought NQ 12-12 1@2599.25
Sold NQ 12-12 1@2599.75
Trade Profit $10
E- Bought YM 12-12 1@12775
Sold YM 12-12 1@12804
Trade Profit $145
F- Bought NQ 12-12 3@2601.75
Sold NQ 12-12 3@2594.00
Trade Loss $465
H- Sold CL 1-13 2@8730
Bought CL 1-13 2@8752
Trade Loss $440
H- Sold CL 1-13 1@8696
Bought CL 1-13 1@8696
Trade Profit $100
F- Bought YM 12-12 2@12794
Sold YM 12-12 2@12814
Trade Profit $200
H- Sold NQ 12-12 2@2584.50
Bought NQ 12-12 2@2591.25
Trade Loss $270
H- Sold CL 1-13 1@8743
Bought CL 1-13 1@8732
Trade Profit $100
CFTC rule 4.41(c)(1) applies to “any publication, distribution or broadcast of any report, letter, circular, memorandum, publication, writing, advertisement or other literature….” Commission rule 4.41(b) prohibits any person from presenting the performance of any simulated or hypothetical futures account or futures interest of a CTA, unless the presentation is accompanied by a disclosure statement. The statement describes the limitations of simulated or hypothetical futures trading as a guide to the performance that a CTA is likely to achieve in actual trading.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
