You have to be alert when you’re trading Friday morning because most traders (myself included) want to get the job done ASAP and get on with the weekend. This Friday was no exception and I had some very nice follow through on all the trades. I took profit on target across the board; however this was a day were a runner would’ve added a little to the bottom line. Finished the day 1 hour and 20 minutes after the open. +$935. Mission accomplished.
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H- Sold NQ 12-12 3@2684.50
Bought NQ 12-12 2@2685.75
Trade Loss $75
F- Sold CL 12-12 1@8649
Bought CL 12-12 1@8629
Trade Profit $200
H- Sold NQ 12-12 2@2682.25
Bought NQ 12-12 2@2679.79
Trade Profit $100
H- Sold CL 12-12 1@8617
Bought CL 12-12 1@8607
Trade Profit $100
H- Sold CL 12-12 2@8601
Bought CL 12-12 2@8691
Trade Profit $200
H- Sold NQ 12-12 2@2679.00
Bought NQ 12-12 2@2678.75
Trade Profit $10
E- Sold CL 12-12 1@8577
Bought CL 12-12 1@8537
Trade Profit $400
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.
