We were due for a tough day like this. The markets were quite uncooperative. We won a few and lost a few. I always exercise caution after a “big” day. It’s rare for the market to have two good trending days in a row. Not impossible mind you, but rare; and Thursday didn’t appear to be the exception to the rule. Did a bit of scrambling, with very little follow through. Ended up in the black, but it was barely enough to pay the broker. +$135.

To ask a question about this material, click here to post on the forum.

April 4, Day 8

F- Bought YM 2@14514
Sold YM 2@14534
$100 profit

F- Bought NQ 1@2791.75
Sold NQ 1@2785.25
$135 loss

F- Bought CL 1@9636
Sold CL 1@9356
$200 profit

H- Bought NQ 2@2792.25
Sold NQ 2@2788.75
$140 loss

H- Bought YM 2@14549
Sold YM 2@14532
$170 loss

F- Bought YM 1@14553
Sold YM 1@14520
$165 loss

F- Bought CL 2@9361
Sold CL 2@9381
$400 profit

H- Sold CL 1@9331
Bought CL 1@9321
$100 profit

H- Sold YM 3@14487
Bought YM 3@14498
$165 loss

E- Sold NQ 1@2780.50
Bought NQ 1@2780.75
$5 profit

 

 

 

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(b)(1)(i) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually 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 profits or losses similar to those shown.

Click here to see additional disclaimers