Another day of cautious trading. Well, cautious on my part anyway. The markets seemed to be acting “normally” – whatever that is – but my cautiousness (read: chicken) let a few good trades in the YM’s beautiful rally slip through my fingers. I can’t complain though. I went four for four. No losers. And I got to use all the Birds: +$522.50.
H- Bought NQ 12-12 2@2669.25
Sold NQ 12-12 2@2672.00
Trade Profit $110
H- Sold ZB 12-12 2@148-18
Bought ZB 12-12 2@148-16
Trade Profit $125
E- Sold ZB 12-12 1@148-16
Bought ZB 12-12 1@148-10
Trade Profit $187.50
F- Sold YM 12-12 1@13172
Bought YM 12-12 1@13152
Trade Profit $100
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.
