Simulated Trading Magic Performance (from: March 1, 2001 thru present) $632,575 net profit after $113,900 slippage and commission (Slippage: $30 per contract per side; commission: $12.50 per contract per side)
	Equity Curve Weekly Trades Performance Summary Monthly Returns Download Perf Report	TradeStation TradeManager Performance Report TMSell19b1, @SP.P, 30 min, 3/1/2001 10:00:00 AM - 8/20/2004 4:15:00 PM Display: Column View Table View   TradeStation Performance Summary     All Trades Long Trades Short Trades Total Net Profit $632,575.00 $366,120.00 $266,455.00 Gross Profit $1,323,580.00 $732,745.00 $590,835.00 Gross Loss ($691,005.00) ($366,625.00) ($324,380.00) Profit Factor 1.92 2.00 1.82         Open Position P/L ($635.00) $0.00 ($635.00)         Select Total Net Profit $498,025.00 $247,195.00 $250,830.00 Select Gross Profit $1,175,740.00 $607,050.00 $568,690.00 Select Gross Loss ($677,715.00) ($359,855.00) ($317,860.00) Select Profit Factor 1.73 1.69 1.79         Adjusted Total Net Profit $537,811.07 $294,523.06 $204,112.14 Adjusted Gross Profit $1,268,382.90 $689,864.34 $555,713.50 Adjusted Gross Loss ($730,571.83) ($395,341.29) ($351,601.36) Adjusted Profit Factor 1.74 1.74 1.58         Total Number of Trades 880 455 425 Percent Profitable 65.34% 64.18% 66.59% Winning Trades 575 292 283 Losing Trades 305 163 142 Even Trades 0 0 0         Avg. Trade Net Profit $718.84 $804.66 $626.95 Avg. Winning Trade $2,301.88 $2,509.40 $2,087.76 Avg. Losing Trade ($2,265.59) ($2,249.23) ($2,284.37) Ratio Avg. Winning:Avg. Losing 1.02 1.12 0.91 Largest Winning Trade $18,915.00 $18,915.00 $12,480.00 Largest Losing Trade ($6,770.00) ($6,770.00) ($6,520.00) Largest Winner as % of Gross Profit 1.43% 2.58% 2.11% Largest Loser as % of Gross Loss 0.98% 1.85% 2.01%         Net Profit as % of Largest Loss 9343.80% 5407.98% 4086.73% Select Net Profit as % of Largest Loss 7356.35% 3651.33% 3847.09% Adjusted Net Profit as % of Largest Loss 7944.03% 4350.41% 3130.55%         Max. Consecutive Winning Trades 15 17 13 Max. Consecutive Losing Trades 6 5 7 Avg. Bars in Total Trades 7.47 8.42 6.46 Avg. Bars in Winning Trades 8.33 9.67 6.95 Avg. Bars in Losing Trades 5.87 6.19 5.49 Avg. Bars in Even Trades 0.00 0.00 0.00 Max. Shares/Contracts Held 2 2 2 Account Size Required $20,035.00 $19,730.00 $24,230.00 Total Slippage $80,400.00 $41,280.00 $39,120.00 Total Commission $33,500.00 $17,200.00 $16,300.00         Return on Initial Capital 1054.29% Annual Rate of Return 71.06% Buy & Hold Return (10.01%) Return on Account 3157.35%     Avg. Monthly Return $14,396.13     Std. Deviation of Monthly Return $13,869.13             Return Retracement Ratio 1.18     RINA Index 993.24     Sharpe Ratio 0.64     K-Ratio n/a             Trading Period 3 Yrs, 5 Mths, 8 Dys, 5 Hrs, 15 Mins     Percent of Time in the Market 37.78% Time in the Market 1 Yr, 3 Mths, 16 Dys, 22 Hrs, 30 Mins     Longest Flat Period 13 Dys, 20 Hrs, 30 Mins             Max. Equity Run-up $650,917.50     Date of Max. Equity Run-up 06/30/04 16:00     Max. Equity Run-up as % of Initial Capital 1084.86%       Max. Drawdown (Intra-day Peak to Valley)  Value ($24,090.00) ($24,960.00) ($28,280.00) Date 06/25/03 16:15     as % of Initial Capital 40.15% 47.13% 41.60% Net Profit as % of Drawdown 2625.88% 1466.83% 942.20% Select Net Profit as % of Drawdown 2067.35% 990.36% 886.95% Adjusted Net Profit as % of Drawdown 2232.51% 1179.98% 721.75%         Max. Drawdown (Trade Close to Trade Close) Value ($20,035.00) ($19,730.00) ($24,230.00) Date 08/06/04 10:00     as % of Initial Capital 33.39% 32.88% 40.38% Net Profit as % of Drawdown 3157.35% 1855.65% 1099.69% Select Net Profit as % of Drawdown 2485.77% 1252.89% 1035.20% Adjusted Net Profit as % of Drawdown 2684.36% 1492.77% 842.39%         Max. Trade Drawdown ($6,600.00) ($6,600.00) ($6,350.00)                   All Trades   Total Net Profit $632,575.00    Profit Factor 1.92 Gross Profit $1,323,580.00    Gross Loss ($691,005.00) Open Position Profit/Loss ($635.00) Select Total Net Profit $498,025.00    Select Profit Factor 1.73 Select Gross Profit $1,175,740.00    Select Gross Loss ($677,715.00) Adjusted Total Net Profit $537,811.07    Adjusted Profit Factor 1.74 Adjusted Gross Profit $1,268,382.90    Adjusted Gross Loss ($730,571.83) Total Number of Trades 880    Percent Profitable 65.34% Winning Trades 575    Losing Trades 305 Even Trades 0 Avg. Trade Net Profit $718.84    Ratio Avg. Win:Avg. Loss 1.02 Avg. Winning Trade $2,301.88    Avg. Losing Trade ($2,265.59) Largest Winning Trade $18,915.00    Largest Losing Trade ($6,770.00) Largest Winner as % of Gross Profit 1.43%    Largest Loser as % of Gross Loss 0.98% Net Profit as % of Largest Loss 9343.80% Slct. Net Profit as % of Largest Loss 7356.35%    Adj. Net Profit as % of Largest Loss 7944.03% Max. Consecutive Winning Trades 15    Max. Consecutive Losing Trades 6 Avg. Bars in Winning Trades 8.33    Avg. Bars in Losing Trades 5.87 Avg. Bars in Total Trades 7.47 Max. Shares/Contracts Held 2    Account Size Required $20,035.00 Total Commission $33,500.00    Total Slippage $80,400.00 Return on Initial Capital 1054.29%    Annual Rate of Return 71.06% Buy and Hold Return (10.01%)    Return on Account 3157.35% Avg. Monthly Return $14,396.13    Std. Deviation of Monthly Return $13,869.13 Return Retracement Ratio 1.18    RINA Index 993.24 Sharpe Ratio 0.64    K-Ratio n/a Trading Period 3 Yrs, 5 Mths, 8 Dys, 5 Hrs, 15 Mins    Percent of Time in the Market 37.78% Time in the Market 1 Yr, 3 Mths, 16 Dys, 22 Hrs, 30 Mins    Longest Flat Period 13 Dys, 20 Hrs, 30 Mins Max. Equity Run-up $650,917.50 Date of Max. E. Run-up 06/30/04 16:00    Max. E. Run-up as % of Initial Capital 1084.86% Max. Drawdown (Intra-day Peak to Valley)    Max. Drawdown (Trade Close to Trade Close) Value ($24,090.00)    Value ($20,035.00) Date 06/25/03 16:15    Date 08/06/04 10:00 as % of Initial Capital 40.15%    as % of Initial Capital 33.39% Net Profit as % of Drawdown 2625.88%    Net Profit as % of Drawdown 3157.35% Slct. Net Profit as % of Drawdown 2067.35%    Slct. Net Profit as % of Drawdown 2485.77% Adj. Net Prof as % of Drawdown 2232.51%    Adj. Net Profit as % of Drawdown 2684.36% Max. Trade Drawdown ($6,600.00)     Long Trades Total Net Profit $366,120.00    Profit Factor 2.00 Gross Profit $732,745.00    Gross Loss ($366,625.00) Open Position Profit/Loss $0.00 Select Total Net Profit $247,195.00    Select Profit Factor 1.69 Select Gross Profit $607,050.00    Select Gross Loss ($359,855.00) Adjusted Total Net Profit $294,523.06    Adjusted Profit Factor 1.74 Adjusted Gross Profit $689,864.34    Adjusted Gross Loss ($395,341.29) Total Number of Trades 455    Percent Profitable 64.18% Winning Trades 292    Losing Trades 163 Even Trades 0 Avg. Trade Net Profit $804.66    Ratio Avg. Win:Avg. Loss 1.12 Avg. Winning Trade $2,509.40    Avg. Losing Trade ($2,249.23) Largest Winning Trade $18,915.00    Largest Losing Trade ($6,770.00) Largest Winner as % of Gross Profit 2.58%    Largest Loser as % of Gross Loss 1.85% Max. Consecutive Winning Trades 17    Max. Consecutive Losing Trades 5 Avg. Bars in Winning Trades 9.67    Avg. Bars in Losing Trades 6.19 Avg. Bars in Total Trades 8.42 Max. Shares/Contracts Held 2    Account Size Required $19,730.00 Total Commission $17,200.00    Total Slippage $41,280.00       Net Profit as % of Largest Loss 5407.98% Slct. Net Profit as % of Largest Loss 3651.33%    Adj. Net Profit as % of Largest Loss 4350.41% Max. Drawdown (Intra-day Peak to Valley)    Max. Drawdown (Trade Close to Trade Close) Value ($24,960.00)    Value ($19,730.00) as % of Initial Capital 47.13%    as % of Initial Capital 32.88% Net Profit as % of Drawdown 1466.83%    Net Profit as % of Drawdown 1855.65% Slct. Net Profit as % of Drawdown 990.36%    Slct. Net Profit as % of Drawdown 1252.89% Adj. Net Prof as % of Drawdown 1179.98%    Adj. Net Profit as % of Drawdown 1252.89% Max. Trade Drawdown ($6,600.00)   Short Trades Total Net Profit $266,455.00    Profit Factor 1.82 Gross Profit $590,835.00    Gross Loss ($324,380.00) Open Position Profit/Loss ($635.00) Select Total Net Profit $250,830.00    Select Profit Factor 1.79 Select Gross Profit $568,690.00    Select Gross Loss ($317,860.00) Adjusted Total Net Profit $204,112.14    Adjusted Profit Factor 1.58 Adjusted Gross Profit $555,713.50    Adjusted Gross Loss ($351,601.36)       Total Number of Trades 425    Percent Profitable 66.59% Winning Trades 283    Losing Trades 142 Even Trades 0 Avg. Trade Net Proft $626.95    Ratio Avg. Win:Avg. Loss 0.91 Avg. Winning Trade $2,087.76    Avg. Losing Trade ($2,284.37) Largest Winning Trade $12,480.00    Largest Losing Trade ($6,520.00) Largest Winner as % of Gross Profit 2.11%    Largest Loser as % of Gross Loss 1.85% Max. Consecutive Winning Trades 13    Max. Consecutive Losing Trades 7 Avg. Bars in Winning Trades 6.95    Avg. Bars in Losing Trades 5.49 Avg. Bars in Total Trades 6.46 Max. Shares/Contracts Held 2    Account Size Required $24,230.00 Total Slippage $39,120.00    Total Commission $16,300.00 Net Profit as % of Largest Loss 4086.73% Slct. Net Profit as % of Largest Loss 3847.09%    Adj. Net Profit as % of Largest Loss 3130.55% Max. Drawdown (Intra-day Peak to Valley)    Max. Drawdown (Trade Close to Trade Close) Value ($28,280.00)    Value ($24,230.00) as % of Initial Capital 41.60%    as % of Initial Capital 40.38% Net Profit as % of Drawdown 942.20%    Net Profit as % of Drawdown 1099.69% Slct. Net Profit as % of Drawdown 886.95%    Slct. Net Profit as % of Drawdown 1035.20% Adj. Net Prof as % of Drawdown 721.75%    Adj. Net Prof as % of Drawdown 842.39% Max. Trade Drawdown ($6,350.00)   Created by TradeStation: 4/24/2004 1:05:22 PM, Copyright (c) 1991-2004 TradeStation Technologies, Inc.