| 5/1198 Closing Update |
| The GBP/DEM position saw a small up movement even after a story of G. Soros buying the Sterling/Mark Put was reported WSJ. Guess now we know who drove the GBP down. But the typical reation is buy the rumor and sell fact and of course, it is just what happened. I will jus hold on the positions in this 2 markets and see in the next few days. Mark/Yen and CHF/Yen continued their up move in the channel. So nothing is done after the small profit taking last night. |
| I though Coffee will give me not chance to trade after the quick up move after the open with an unchanged opening call. But, it slided back during lucnh time and I was able to repreat what I have been doing during the last few days again. The close below 12600 mean a more bearish look ahead. I might start taking out right short positions as early as tomorrow. |
| Close of | Trade date | 12-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 | 6317 | -56 | $ 1,680.00 | $ 2,040.00 | 6400 | ||||||||
| CDM8 | $ - | $ - | N/A | |||||||||||||
| BPM8 | 7-May | -3 | 16558 | 16298 | 30 | $ (562.50) | $ 4,875.00 | 16359 | ||||||||
| DMM8 | 24-Apr | 2 | 5583 | 5640 | 0 | $ - | $ 1,425.00 | 5634 | ||||||||
| DMM8 | 7-May | 2 | 5676 | 5640 | 0 | $ - | $ (900.00) | 5634 | ||||||||
| SFM8 | 5-May | 2 | 6800 | 6776 | 15 | $ 375.00 | $ (600.00) | 6758 | ||||||||
| SFM8 | 7-May | 2 | 6815 | 6776 | 15 | $ 375.00 | $ (975.00) | 6758 | ||||||||
| JYM8 | 5-May | -1 | 7650 | 7494 | -72 | $ 900.00 | $ 1,950.00 | 7579 | ||||||||
| JYM8 | 6-May | -1 | 7600 | 7494 | -72 | $ 900.00 | $ 1,325.00 | 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 | 12-May | -1 | 12795 | 12500 | -295 | $ 1,106.25 | $ 1,106.25 | N/A | ||||||||
| CON8 | $ - | $ - | N/A | |||||||||||||
| SN8 | $ - | $ - | N/A | |||||||||||||
| CN8 | $ - | $ - | N/A | |||||||||||||
| WN8 | $ - | $ - | N/A | |||||||||||||
| SMN8 | $ - | $ - | N/A | |||||||||||||
| BON8 | $ - | $ - | N/A | |||||||||||||
| Total | $ 4,773.75 | $ 10,246.25 |
| 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 | |||||||
| KCN8 | 8-May | 1 | 12600 | 8-May | -1 | 12720 | $450.00 | |||||||
| DMM8 | 11-May | -1 | 5639 | 24-Apr | 1 | 5583 | $700.00 | |||||||
| JYM8 | 11-May | 1 | 7574 | 24-Apr | -1 | 7761 | $2,337.50 | |||||||
| KCN8 | 11-May | 1 | 12700 | 11-May | -1 | 12825 | $468.75 |
| MTD Change in OTE | $ 5,471.25 | |||||
| MTD Realized P&L | $ 8,718.75 | |||||
| MTD Total P&L | $14,190.00 |
| 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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