A more “normal” day in the markets today. At least the trades were getting some follow through – something that was desperately lacking yesterday. I was a touch gun-shy after yesterday’s smack-down and erred on the side of caution. Even so I finished the day with a very respectable $725 profit.
E- Bought YM 12-12 2@13097
Sold YM 12-12 2@13085
Trade Loss $120
H- Sold NQ 12-12 3@21662.50
Bought NQ 12-12 2@2660.00 $100 profit
Bought NQ 12-12 1@2659.25 $65 profit
Trade Profit $165
H- Bought ZB 12-12 2@146-22
Sold ZB 12-12 2@146-24
Trade Profit $125
H- Sold YM 12-12 4@13049
Bought YM 12-12 3@13039 $150 profit
Bought YM 12-12 1@13044 $25 profit
Trade Profit $175
H- Sold CL 12-12 2@8607
Bought CL 12-12 2@8597
Trade Profit $200
H- Sold CL 12-12 2@8566
Bought CL 12-12 2@8557
Trade Profit $180
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.
