Product

Position long or short or flat

Entry Price

Close of Week 25

Total Trades since Oct. 2001

Total Profit/Loss (EUR) since Oct. 2001

The trade summary shows the performance of the different products we desribe every week in the market letters.

All positions started in October 2001 when we launched this Website. DAX, DJ ESX 50 and SMI show the respective nearest futures contracts. NASDAQ and S&P500 show cash index positions.

Each week we update the current position, which can be either long, short or flat.

The entry price is the price of the last contract.

Close of week is always the closing price of Friday, when the market letter was published.

The total number of trades is counted from October 2001 and shows all profitable and losing trades.

The total profit/loss in EUR is the summary of all profits or losses of each product since we started the market letter.

All products are traded at a size of one contract (or an equivalent cash amount in the USD/JPY and the EUR/USD).

The size of the sample account is 100,000.00 EUR.