The performance data is based on an initial capital account balance of $10,000.00 and trading one Emini S&P (ES) futures contract. All broker fees are deducted. The results are hypothetical - even though they are based upon actual subscriber gains and losses. They are "hypothetical" because any one investor's returns would be greater or less based on factors such as starting balance, number of contracts traded, and when they start and stop trading. The results are based on Limit order exits. Market order exits generate different results. Your performance may differ from the performance numbers stated due to the way trade orders are routed and executed. A TradeStation Performance Report and Sample Monthly Statement from a live trading account are provided below. The live trading account data is based on 100% automated trading of the system, trading one contract the entire time with no discretionary trades taken for the month of April, 2019. The S&P 500 Performance Data is also provided for investment performance comparison purposes.
EminiES Performance Data
Hypothetical Versus Live Monthly Comparison
Monthly Hypothetical Return 4/2019
Net profit: $4326.60
Monthly Live Trading Return 4/2019
Net Profit: $4314.60
Cash Profit Disbursements: $4400
S&P 500 Performance Data
3 Year Comparison
Total Net Return on Initial Capital: 720.12%
S&P 500 Index
Total Net Return on Initial Capital: 48.94%
HYPOTHETICAL PERFORMANCE 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 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.