Another bland vanilla day. The markets were reluctant to do much of anything. Except the NQ which posted a nice rally on Apple’s gains. All in all it was a tough day. Very unlike this time of the year. I suspect Tuesday will be better. I hope. Down $195.
E- Sold YM 12-12 1@12893
Bought YM 12-12 1@12893
Trade Profit $0
H- Bought YM 12-12 4@12918
Sold YM 12-12 4@12903
Trade Loss $320
H- Bought NQ 12-12 2@2633.00
Sold NQ 12-12 2@2635.50
Trade Profit $100
F- Sold NQ 12-12 3@2631.00
Bought NQ 12-12 3@2627.25
Trade Profit $225
H- Sold CL 1-13 2@8736
Bought CL 1-13 2@8729
Trade Profit $140
H- Sold YM 12-12 2@12875
Bought YM 12-12 2@12909
Trade Loss $340
H- Sold CL 1-13 2@8739
Bought CL 1-13 2@8739
Trade Profit $0
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.
