An unusual day today. Before the open the NQ and YM were both up as were the Bonds. This is odd because the Bonds normally move opposite of the Index markets, but this morning they were in sync. Crude was its old psychotic shelf with large swings up and down. I thought we might have a good trending day, but it didn’t work out that way. The big moves came early in the NQ and YM. I guess everyone wanted to get their orders in so that they could do their paperwork and go home. After the Opening Range dust settled we had the “no follow through” problem again. I hate that. Ranging markets are especially difficult to trade. We won a few. We lost a few. Friday was a tough end to a tough week. -$200 for the day.
H- Sold CL 12-12 2@8586
Bought CL 12-12 2@8576
Trade Profit $200
F- Sold CL 12-12 1@8584
Bought CL 12-12 1@8563
Trade Profit $210
H- Sold YM 12-12 3@13020
Bought YM 12-12 3@13022
Trade Loss $15
F- Bought NQ 12-12 3@2662.00
Sold NQ 12-12 3@2655.00
Trade Loss $450
E- Bought YM 12-12 1@13054
Sold YM 12-12 1@13032
Trade Loss $110
H- Sold NQ 12-12 3@2652.002
Bought NQ 12-12 2@2649.25 $110 profit
Bought NQ 12-12 1@2645.75 $125 profit
Trade Profit $235
H- Sold NQ 12-12 6@2643.00
Bought NQ 12-12 6@2647.00
Trade Loss $480
E- Sold NQ 12-12 2@2643.00
Bought NQ 12-12 1@2633.00 $200 profit
Bought NQ 12-12 1@2642.50 $10 profit
Trade Profit $210
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.
