MRCI encourages all traders to employ appropriate money-management techniques at all times.
Wheat(KCBT) Seasonal Trade Update as of - March 12, 2010
 
 

Mkt

Status
Entry
Date
Entry
Price
Exit
Date
Last
Price
Last
Equity
Best
Equity
Worst
Equity
Win
Pct
Win
Yrs
Tot
Yrs
Hist
Avg
1 KWK9 Closed(S) 3/11 561.00 4/3 607.50 -2325.00 550.00 -2325.00 80 12 15 1223
2 KWU9 Closed(S) 3/11 579.50 3/20 624.25 -2237.50   -2350.00 80 12 15 768
3 KWK9 Closed(S) 3/16 597.25 3/23 604.00 -337.50 712.50 -437.50 93 14 15 998
4 KWU9 Closed(S) 4/20 578.00 4/30 595.25 -862.50   -1250.00 80 12 15 511
5 KWU9 Closed(S) 6/18 629.50 7/10 547.50 4100.00 4275.00   80 12 15 714
6 KWU9 Closed(S) 6/26 600.00 7/10 547.50 2625.00 2800.00   80 12 15 707
7 KWU9 Closed(L) 8/5 560.25 8/24 503.25 -2850.00   -3325.00 80 12 15 732
8 KWZ9 Closed(L) 9/21 469.00 9/28 475.00 300.00 737.50 -37.50 80 12 15 558
9 KWZ9 Closed(S) 10/16 510.50 11/13 540.50 -1500.00 575.00 -2125.00 87 13 15 756
10 KWK0 Short 3/11 489.50 4/1 494.75 -262.50   -262.50 80 12 15 1223
11 KWU0 Short 3/11 511.50 3/22 516.75 -262.50   -262.50 80 12 15 768
12 KWK0 Sell 3/15   3/23         93 14 15 998
Equity Total -3612.50  

SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYING FUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVEN IF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILL RECUR IN THE FUTURE. 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 NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR 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 ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.

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