| 5/8/98 Closing Update |
| Saw some swing in DEM/JPY and CHF/JPY. The last few days' run did seem a bit too fast. So giving back some is not a big surprise. The GBP/DEM and GBP/CHF continues its down slide, I will probably do some risk management profit taking soon. |
| I did what I said I will do with the Coffee today. The opening call is 50-100 points higher. I waitted for it to move up that range and come back down. Enter the market after goes below the closing of 5/7 and took profit after it goes below 12625. I will probably do the same thing Monday. I just do not want to carry any overnight position as of right now. |
| Close of | Trade date | 08-May-98 | Closing | |||||||||||||
| COMMODITY | TRADE DATE | SIZE | PRICE | LAST | CHANGE | Dail OTE | OTE | STOPS | ||||||||
| USM8 | $ - | $ - | N/A | |||||||||||||
| TYM8 | $ - | $ - | N/A | |||||||||||||
| FVM8 | $ - | $ - | N/A | |||||||||||||
| EDU8 | $ - | $ - | N/A | |||||||||||||
| ADM8 | 6-May | -3 | 6385 | 6354 | -25 | $ 750.00 | $ 930.00 | 6421 | ||||||||
| CDM8 | $ - | $ - | N/A | |||||||||||||
| BPM8 | 7-May | -3 | 16558 | 16338 | -122 | $ 2,287.50 | $ 4,125.00 | 16656 | ||||||||
| DMM8 | 24-Apr | 3 | 5583 | 5663 | -8 | $ (300.00) | $ 3,000.00 | 5634 | ||||||||
| DMM8 | 7-May | 2 | 5676 | 5663 | -8 | $ (200.00) | $ (325.00) | 5634 | ||||||||
| SFM8 | 5-May | 2 | 6800 | 6785 | -38 | $ (950.00) | $ (375.00) | 6758 | ||||||||
| SFM8 | 7-May | 2 | 6815 | 6785 | -38 | $ (950.00) | $ (750.00) | 6758 | ||||||||
| JYM8 | 24-Apr | -1 | 7761 | 7566 | 22 | $ (275.00) | $ 2,437.50 | 7579 | ||||||||
| JYM8 | 5-May | -1 | 7650 | 7566 | 22 | $ (275.00) | $ 1,050.00 | 7579 | ||||||||
| JYM8 | 6-May | -1 | 7600 | 7566 | 22 | $ (275.00) | $ 425.00 | 7579 | ||||||||
| SPM8 | $ - | $ - | N/A | |||||||||||||
| GCM8 | $ - | $ - | N/A | |||||||||||||
| SIN8 | $ - | $ - | N/A | |||||||||||||
| HGN8 | $ - | $ - | N/A | |||||||||||||
| CLM8 | $ - | $ - | N/A | |||||||||||||
| HOM8 | $ - | $ - | N/A | |||||||||||||
| HUM8 | $ - | $ - | N/A | |||||||||||||
| NGM8 | $ - | $ - | N/A | |||||||||||||
| SBN8 | $ - | $ - | N/A | |||||||||||||
| KCN8 | 8-May | -1 | 12720 | 12600 | -120 | $ 450.00 | $ 450.00 | 12625 | ||||||||
| CON8 | $ - | $ - | N/A | |||||||||||||
| SN8 | $ - | $ - | N/A | |||||||||||||
| CN8 | $ - | $ - | N/A | |||||||||||||
| WN8 | $ - | $ - | N/A | |||||||||||||
| SMN8 | $ - | $ - | N/A | |||||||||||||
| BON8 | $ - | $ - | N/A | |||||||||||||
| Total | $ 262.50 | $ 10,967.50 |
| MTD Realized P&L | ||||||||||||||
| COMM | EXIT DATE | SIZE | EXIT PRICE | ENTER-DATE | ENTRY SIZE | EXTRY-PRICE | P&L | |||||||
| JYM8 | 5-May | 1 | 7650 | 5-May | -1 | 7761 | $ 1,387.50 | |||||||
| KCN8 | 5-May | 1 | 12995 | 1-May | -1 | 13145 | $562.50 | |||||||
| JYM8 775 C | 6-May | -1 | 50 | 5-May | 1 | 77 | $ (337.50) | |||||||
| KCN8 | 6-May | 1 | 12600 | 5-May | -1 | 13255 | $2,456.25 | |||||||
| KCN8 | 7-May | 1 | 12515 | 7-May | -1 | 12700 | $693.75 |
| MTD Change in OTE | $ 6,192.50 | |||||
| MTD Realized P&L | $ 4,762.50 | |||||
| MTD Total P&L | $10,955.00 |
| The position size listed in the Daily P&L Tracker are designed for a hypothetical portfolio of $100,000.00. When the position is established, the average trade seeks to risk no more than 2% of the total equity on a daily basis based on market volatility. The exceptions here are in the cases of S&P 500 and Coffee. Because of the value of the actual contract as well as the volitility we have seen in recent days, a 1 contract position is being used and the actual capital at risk is being list below. Because market volatility changes, the capital at risk for each market is list here also. Please remember these number are not absolute. It is merely an estimate for each market's daily lose if you are forced to cut the position during that day. Also, please do not confuse this as margins for the position. Margins are set by the exchanges and you FCM. They are two completely different things. This report is updated weekly, usually on Monday morning. | ||||||
| COMMODITY | RISK CAPITAL | COMMODITY | RISK CAPITAL | |||
| USDM8 | N/A | CLM8 | N/A | |||
| TYDM8 | N/A | HOM8 | N/A | |||
| FVM8 | N/A | HUM8 | N/A | |||
| EDU8 | N/A | NGM8 | N/A | |||
| ADM8 | $ 2,160.00 | SBN8 | N/A | |||
| CDM8 | N/A | KCN8 | $ 3,100.00 | |||
| BPM8 | $ 3,112.50 | CON8 | N/A | |||
| DMM8 | $ 4,000.00 | |||||
| SFM8 | $ 4,500.00 | SK8 | N/A | |||
| JYM8 | $ 3,900.00 | CK8 | N/A | |||
| WK8 | N/A | |||||
| SPM8 | N/A | |||||
| SMN8 | N/A | |||||
| GCM8 | N/A | BON8 | N/A | |||
| SIK8 | N/A | |||||
| HGN8 | N/A | |||||
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