Another fun day to trade. I guess any day the markets are moving well and you’re banking substantial profits is a “fun day”. I could have done a little better today as well but admit I was still a touch cautious, especially in light of yesterday’s strong day. It’s not uncommon to get a weak day following a strong day. I was batting 1000 – all winners, no losers: +$970
To ask a question about this material, click here to post on the forum.
May 22, Day 36
F- Bought CL 1@9551
Sold CL 1@9571
$200 profit
F- Bought NQ 1@3043.00
Sold NQ 1@3046.50
$70 profit
E- Bought NQ 1@3043.00
Sold NQ 1@3053.00
$200 profit
F- Bought YM 1@15502
Sold YM 1@15522
$100 profit
F- Sold CL 1@9525
Bought CL 1@9505
$200 profit
H- Sold EMD 1@1215.9
Bought EMD 1@1214.9
$100 profit
H- Bought CL 1@9496
Sold CL 1@9506
$100 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