Can you believe it’s the middle of November already? Only a couple of weeks left in the profit run!
The markets were on again, off again today. I think the big move came early. I think a lot of traders are watching Europe/Greece to see what’s happening there. But if the track record holds true, the EU will keep bailing out Greece as long as it takes. Of course this kind of mindset weighs heavily on the world’s stock markets and as a result I’ve been pretty bearish across the board with the YM and NQ with only the odd BUY when it looked really good. Overall we finished the day $410 to the good.
H- Bought YM 12-12 2@12542
Sold YM 12-12 2@12552
Trade Profit $100
F- Sold CL 12-12 1@8626
Bought CL 12-12 1@8606
Trade Profit $200
H- Bought YM 12-12 2@12561
Sold YM 12-12 2@12532
Trade Loss $290
H- Sold NQ 12-12 2@2528.25
Bought NQ 12-12 2@2526.00
Trade Profit $100
F- Sold YM 12-12 3@12508
Bought YM 12-12 3@12489
Trade Profit $300
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.
