I should have known better than to “test” the markets today. A consolidation day was to be expected after two days of rally, but did I listen to my rules? Nooooo. Well, that’s not entirely true. I did listen to my rules, but the two times I didn’t it cost me. The good news is I still finished the morning strong, up $756.25. The bad news is it could have been MUCH stronger. Excuse me while I go write “I will not break my trading rules” 100 times on a chalkboard….
Bought CL 11-12 3@9107
Sold CL 11-12 2@9117 $200 profit
Sold CL 11-12 1@9109 $20 profit
Trade Profit $220
Bought NQ 12-12 8@2764.75
Sold NQ 12-12 8@2761.50
Trade Loss $520
Bought ZB 12-12 1@147-00
Sold ZB 12-12 1@147-06
Trade Profit $187.50
Bought CL 11-12 2@9109
Sold CL 11-12 2@9128
Trade Profit $380
Sold NQ 12-12 6@2754.25
Bought NQ 12-12 6@2758.25
Trade Loss $480
Bought YM 12-12 4@13503
Sold YM 12-12 3@13523 $300 profit
Sold YM 12-12 1@13520 $85 profit
Sold ZB 12-12 1@146-20
Bought ZB 12-12 1@146-17
Trade Profit $93.75
Bought YM 12-12 4@13509
Sold YM 12-12 3@135418 $135 profit
Sold YM 12-12 1@13520 $55 profit
Trade Profit $190
Bought NQ 12-12 5@2761.25
Sold NQ 12-12 4@2764.75 $200 profit
Sold NQ 12-12 1@2766.75 $100 profit
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.
