| NOTE THAT
THESE RESULTS ARE HYPOTHETICAL. WE DID NOT MAKE THESE TRADES. WE DID
PUBLISH THE TRADE RECOMMENDATIONS EVERY DAY AHEAD OF THE NEXT DAY'S
TRADING AND THUS THE RESULTS ARE NOT FROM BACK-TESTS. NOTE ALSO THAT
THESE RESULTS REQUIRE THE USE OF VERY HIGH LEVERAGE, WHICH IS NOT
SUITABLE FOR EVERYONE.
The 2003 track record
was double-checked, revised as shown, and audited. The original
report overstated performance by 7.9%.
Click here to see the
auditor's certification letter.
|
Trades Recommended in Daily Report
|
| 2003 Track Record |
| |
By Month
|
By Quarter
|
Cumulative
|
January 03
|
3,138.75 |
|
|
| February 03 |
(4,493.75) |
|
|
| March 03 |
3,136.25 |
1,781.25
|
1,781.25
|
| |
|
|
|
| April 03 |
747.50
|
|
|
| May 03 |
25,550.00 |
|
|
| June 03 |
(1,290.00) |
25,007.50
|
26,788.75
|
| |
|
|
|
| July |
8,067.50 |
|
|
| August |
5,710.00 |
|
|
| September |
9,745.00 |
23,522.50
|
50,311.25
|
| |
|
|
|
| October 03 |
9,040.00 |
|
|
| November |
1,530.00 |
|
|
| December |
12,670.00 |
23,240.00
|
73,551.25
|
| |
|
|
|
| Year |
|
73,551.25
|
367.76%
|
|
Calculation method: One contract per currency. No allowance
for slippage and commissions. Minimum capital $20,000.
The RAM report is not intended to be followed blindly. It
is not a "trading system." But if you did follow
it blindly, this is approximately what you would have gotten.
Past performance is no indication or
guarantee of future performance.
|
CFTC REQUIRED RISK DISCLOSURE STATEMENT:
NOTICE: "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 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 ACCOUNTED
FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL
OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
|