The monthly table represents the trading signals day by day for recent weeks. These are the signals exactly as they are issued, without consideration for collateral costs such as commissions and execution fees. All trades are organized in pairs, to show the opening and the close of each transaction, together with the corresponding results which are presented both in S&P 'points' as well as in percentage of the investment. Depending on which contract is traded, you must apply the adequate value to each 'point' to find out the USD profit or loss of each trade.

The yearly table represents the performance month after month going back to January 1998 when we started our service. These numbers are net of (ie: after) execution costs of about 0.1%per round-trip transaction. Winning months are marked with a (+), and losing months with a (-). Results are given both in S&P points as well as percentage of the investment. Represented performance is without leverage.

Rather than depositing the full value of his investment, a participant to the market can deposit only a fraction of such value: the initial margin.  The minimum requirements are set by the exchange and / or the broker, and can be 7 % or less of the value of the investment (contract).

The ratio of the initial deposit divided by value of the contract is called the margin, and the inverse of the margin is called the leverage. To illustrate, assuming a 7 % margin, a contract valued at USD 40,000 can be traded by depositing only USD 2,800, in which case the leverage would be (1/.07) 14.28.

Trading without margin would imply matching the value of the investment dollar for dollar, which means depositing USD 40,000 for an investment (contract) valued at USD 40,000. The higher the leverage, the higher the risk as well as the reward.