Beginning of Spring Profit Run. A great start! Almost like shooting fish in a barrel. Or like the song (almost) says “Get your Money for Nothin’ and your *ticks* for free” ( with apologizes to Dire Straits)
A brand new Profit Run, all shiny and new! I can hardly wait! The markets were very cooperative this morning. A nice start to the week. Monday’s can be a little hit and miss, but this one was definitely a hit in spite of the knuckle-ball trade early off. We still finished the day with a smile on our face: +$515.
Just a refresher for those of you new to the Profit Run. I will list the trades taken each day along with the tool used: H- hawk; F- falcon; and E- eagle. I’ll also post the profit/loss for the session. Trading is for the morning session.
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March 25, 2013 – Day 1
F – Sold YM 3@14453
Bought YM 3@14486
$495 loss
F- Bought CL 1@9484
Sold CL 1@9504
$200 profit
E- Bought NQ 1@2806.00
Sold NQ 1@2800.25
$115 loss
H- Bought CL 1@9497
Sold CL 1@9507
$100 profit
E- Sold YM 1@14448
Bought YM 1@14408
$200 profit
H- Sold YM 1@14437
Bought YM 1@14392
$225 profit
H- Sold NQ 2@2797.50
Bought NQ 2@2795.00
$100 profit
F- Sold YM 1@14429
Bought YM 1@14409
$100 profit
H- Sold CL 1@9502
Bought CL 1@9492
$100 profit
H- Sold CL 1@9476
Bought CL 1@9466
$100 profit
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(b)(1)(i) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually 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 profits or losses similar to those shown.
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