I have to admit that I’m disappointed in my performance today. I should’ve done much better than I did. The good news is that it wasn’t the system – it was me. I hesitated on a signal (don’t ask me why?) just as the bottom fell out of the NQ. That move alone could have easily made my whole day. After the big move trading got tough, as it often does, and I closed the morning with a $245 loss.
Sold NQ 12-12 2@2765.25
Bought NQ 12-12 2@2770.00
Trade Loss $185
Sold NQ 12-12 2@2767.00
Bought NQ 12-12 2@2768.25
Trade Loss $50
Sold NQ 12-12 3@2755.25
Bought NQ 12-12 2@2752.25 $120 profit
Bought NQ 12-12 1@2754.75 $10 profit
Trade Profit $130
Bought YM 12-12 4@13521
Sold YM 12-12 2@13496
Trade Loss $500
Sold NQ 12-12 1@2753.25
Bought NQ 12-12 1@2748.50
Trade Profit $95
Bought YM 12-12 2@13517
Sold 2 YM 12-12 2@13496
Trade Loss $210
Sold YM 12-12 4@13439
Bought YM 12-12 3@13429 $150 profit
Bought YM 12-12 1@13427 $10 profit
Trade Profit $160
Sold NQ 12-12 2@2733.75
Bought NQ 12-12 2@2731.00
Trade Profit $110
Sold YM 12-12 5@13421
Bought YM 12-12 4@13423 $180 profit
Bought YM 12-12 1@133427 $25 profit
Trade Profit $205
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.
Click here to see additional disclaimers
