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Please read the FULL DISCLAIMER at the end of this message. These are risky markets and it is important that you will be aware of all risks of trading futures and limitations of hypothetical trading.
Dear Trader Date: 7/20/06
I have started something new which I have been working on for a while now. I call it “day-trading program”, which I am applying to the mini SP.
By doing so, I feel that if things work then I will be able to offer my clients a complete menu of time frames from the day-trading below to the SP and BONDS swing updates (based on hourly chart) all the way to the longer term trade ideas I send based on the weekly chart.
While the results below are from a real trading account, they do NOT include commissions in “today’s trades (they do include commissions in the results summary) and by no mean suggest that any account will achieve similar results. Please take your time to read the disclaimer below carefully and if you have ANY questions, let me know.
Again, this is a project that is based on back testing and I have lots of hopes for it but until I don’t see real-time results for a longer period of time, it should be treated as a project.
Today's Trades:
Mini SP
| Profit / Loss Trade Summary |
| Trade No. | Bought | Sold | Market | Fill Price | P / L | Cumulative |
| N7535-644474 | 1 | | ESU6 | 1266.5000 | ($87.50) | ($87.50) |
| N7535-644481 | | 1 | ESU6 | 1264.7500 | | |
| N7535-644656 | | 1 | ESU6 | 1263.5000 | $150.00 | $62.50 |
| N7535-644844 | 1 | | ESU6 | 1260.5000 | | |
| N7535-644884 | | 1 | ESU6 | 1260.0000 | ($100.00) | ($37.50) |
| N7535-644888 | 1 | | ESU6 | 1262.0000 | | |
| N7535-644965 | | 1 | ESU6 | 1259.7500 | $200.00 | $162.50 |
| N7535-645048 | 1 | | ESU6 | 1255.7500 | | |
Results:
| E-Mini S&P 500 Results | | | | | |
| Date | No. of Trades | Trading Results | Daily Gross Profit / Loss (before commissions) | Total Commissions per contract * | Daily Net Profit / Loss per contract(after commissions of $10RT) | Trading Results (after commissions, based on 3 contracts) | Running Balance |
| ########## | (2) | -3.00 | (5) | (4) | (6) | (7) | (8) |
| | | | (3) * 50 | -7.04 * (2) | (3) + (5) | (6) * 5 | (8)t-1 + (7) |
| 5/14/06 | | | | | | | $0.00 |
| 5/15/06 | 1 | 0.75 | $37.50 | ($10.00) | $27.50 | $102.50 | $102.50 |
| 5/16/06 | 3 | 2.75 | $137.50 | ($30.00) | $127.50 | $382.50 | $485.00 |
| 5/17/06 | 2 | 4.00 | $200.00 | ($20.00) | $190.00 | $580.00 | $1,065.00 |
| 5/18/06 | 5 | -1.00 | ($50.00) | ($50.00) | ($60.00) | ($200.00) | $865.00 |
| 5/19/06 | 6 | -2.25 | ($112.50) | ($60.00) | ($122.50) | ($397.50) | $467.50 |
| 5/22/06 | 3 | 1.50 | $75.00 | ($30.00) | $65.00 | $195.00 | $662.50 |
| 5/23/06 | 4 | 10.25 | $512.50 | ($40.00) | $502.50 | $1,497.50 | $2,160.00 |
| 5/24/06 | 3 | 0.00 | $0.00 | ($30.00) | ($10.00) | ($30.00) | $2,130.00 |
| 5/25/06 | 3 | 4.75 | $237.50 | ($30.00) | $227.50 | $682.50 | $2,812.50 |
| 5/26/06 | 2 | -3.00 | ($150.00) | ($20.00) | ($160.00) | ($470.00) | $2,342.50 |
| 5/30/06 | 4 | 20.75 | $1,037.50 | ($40.00) | $1,027.50 | $3,072.50 | $5,415.00 |
| 6/5/06 | 3 | 6.00 | $300.00 | ($30.00) | $290.00 | $870.00 | $6,285.00 |
| 6/6/06 | 2 | 5.75 | $287.50 | ($20.00) | $277.50 | $842.50 | $7,127.50 |
| 6/7/06 | 7 | 3.00 | $150.00 | ($70.00) | $140.00 | $380.00 | $7,507.50 |
| 6/8/06 | 8 | -6.75 | ($337.50) | ($80.00) | ($347.50) | ($1,092.50) | $6,415.00 |
| 6/9/06 | 9 | -6.00 | ($300.00) | ($90.00) | ($310.00) | ($990.00) | $5,425.00 |
| 6/12/06 | 7 | 4.75 | $237.50 | ($70.00) | $227.50 | $642.50 | $6,067.50 |
| 6/13/06 | 11 | 5.25 | $262.50 | ($110.00) | $252.50 | $677.50 | $6,745.00 |
| 6/14/06 | 13 | 4.25 | $212.50 | ($130.00) | $202.50 | $507.50 | $7,252.50 |
| 6/15/06 | 12 | 0.75 | $37.50 | ($120.00) | $27.50 | ($7.50) | $7,245.00 |
| 6/16/06 | 13 | -22.50 | ($1,125.00) | ($130.00) | ($1,135.00) | ($3,505.00) | $3,740.00 |
| 6/19/06 | 8 | 7.00 | $350.00 | ($80.00) | $340.00 | $970.00 | $4,710.00 |
| 6/20/06 | 3 | -1.25 | ($62.50) | ($30.00) | ($72.50) | ($217.50) | $4,492.50 |
| 6/21/06 | 0 | 0.00 | $0.00 | $0.00 | ($10.00) | $0.00 | $4,492.50 |
| On vacation | 6/22/06 | 2 | 1.75 | $87.50 | ($20.00) | $77.50 | $242.50 | $4,735.00 |
| 7/11/06 | 6 | 2.50 | $125.00 | ($60.00) | $115.00 | $315.00 | $5,050.00 |
| 7/12/06 | 4 | 3.00 | $150.00 | ($40.00) | $140.00 | $410.00 | $5,460.00 |
| 7/13/06 | 6 | 6.00 | $300.00 | ($60.00) | $290.00 | $840.00 | $6,300.00 |
| 7/14/06 | 7 | 3.25 | $162.50 | ($70.00) | $152.50 | $417.50 | $6,717.50 |
| 7/17/06 | 7 | -2.75 | ($137.50) | ($70.00) | ($147.50) | ($482.50) | $6,235.00 |
| 7/18/06 | 12 | -18.62 | ($931.00) | ($120.00) | ($941.00) | ($2,913.00) | $3,322.00 |
| 7/19/06 | 6 | 8.50 | $425.00 | ($60.00) | $415.00 | $1,215.00 | $4,537.00 |
| 7/20/06 | 4 | 3.25 | $162.50 | ($40.00) | $152.50 | $447.50 | $4,984.50 |
Disclaimer:
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NO INVOLVE FINACIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETLEY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCONTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Sincerely,
Ilan Levy-Mayer, M.B.A
Vice President
Cannon Trading Co Inc.
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannoncapital.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* Important Please Note:
Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter are of opinion only and does not guarantee any profits.
These are risky markets and only risk capital should be used.
Past performances are not necessarily indicative of future results.
