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					Garcia Olivier            gnuTrade     Commodity trading




                 Trading Game




                     GARCIA OLIVIER
                   COMMODITY TRADING




                                                           1
Garcia Olivier                                                             gnuTrade                                                Commodity trading




          1. Contents
1.         Contents .......................................................................................................................................... 2
2.         Global strategy: ............................................................................................................................... 3
     I.       Main strategy options ................................................................................................................. 3
           -bets ............................................................................................................................................... 3
           -short term trading (intraday) ................................................................................................. 3
           -Medium term trading (more than one day) ..................................................................... 3
           -Long term trading ..................................................................................................................... 3
     II.      Strategy: ...................................................................................................................................... 4
3.         Main trades: .................................................................................................................................... 4
4.         Performance and mistake ............................................................................................................... 8
5.         10 lessons I’ve learned .................................................................................................................... 8
6.         Statement report ............................................................................................................................. 9




                                                                                                                                                                     2
Garcia Olivier                             gnuTrade                     Commodity trading


    2. Global strategy:

  I.    Main strategy options

In a first time, I started the game without any fixed strategy. I tried the different
options to see how the game works. So I started analyzing the different option and
how to use it the best way, to create the best strategy as possible.

I realized that I had four main options:


-bets
The bets are used on short time trading; wondering what will be the fluctuation in the
next 5 or 10 minutes for example.
I tried to do some bets, but I quickly figured that this option was not a good one.
Price movements during the next few minutes are impossible to know. We can do
profits only if prices are on major trend, which was almost never the case.
Fluctuations during a so small time are too small to determine what will be the price.
After a short period I decide not to do any more bets. I found them not useful. Gain is
too small, and we need too much luck to win.


-short term trading (intraday)
The next option I tried was intraday trading. My strategy was to keep inform of each
day big news, and try to anticipate the moves of the different indexes, commodities
or currencies. But instead of investing on everything, I invested in correlated assets
and in the ones I had the more information and I know the best.
This strategy result sometimes to profit and sometimes to losses. Intraday fluctuations
were hard to anticipate, and the result was a lot of stress. Stress resulting from an all
day going on gnutrade to see the movement of the trades, wondering when to
close the bet, choosing the right time not to cut the gains but not lose too much.
But the main problem with this strategy was the time. It takes too much time to be all
day in front of his computer. We need free days to do efficient trades with that kind
of trading.


-Medium term trading (more than one day)
We all realize that two days trading is also short term, but with only two months of
trading I will consider it as medium term. This option was interesting to analyze the
next few days trend. Anticipating the next big news and announces, it is easier to be
right.
This option was less stressful and easier to manage.


-Long term trading
I didn't use this option. For the first weeks, I wondered if I should plan a long term
strategy and don't touch my trades until the end. But with the financial crisis, the
volatility and the difficulties of a long term view on the market, I decided not to
choose this option. But for people with a real view on the market, and enough
confident, it could be a great option.

                                                                                            3
Garcia Olivier                                    gnuTrade                              Commodity trading


 II.     Strategy:

At first I wanted to do a long term strategy. So I thought about what was going to
happen on the next months, and I did some small trades. But when I lose a little bit
after a few days, I changed immediately my strategy and did intraday trading.

So after that, my global strategy was to trade day by day, reading the news paper
and market analysis, trying to wonder what will be the market changes in the next
days. In addition, during the trades I choose to readapt the margin balance trying to
keep the profits of each trade, when I had some profits. Sometimes, I also adapted
the margin when I was losing which was a mistake. I should have closed the trades
when losing too much.

I only invested in assets I know the best and the ones I could find information easily:
Gold, Euro, Oil, Dow Jones, S&P, CAC40 and the Footsie.

After I few weeks, I ask myself if I should stop trading, because I was doing a lot of
losses, which I will explain later. I thought that preservation could be a good strategy
during this hard financial crisis and with very volatile markets. When I compared my
portfolio with the ones of the others student of the class, some of them loosed almost
everything in few weeks. So preserving my portfolio was not I bad choice. If did not
choose that option was mainly because I thought you will not agree that strategy
and think that it will be too easy. So I continued to trade.

When I did a trade, I tried to create a strategy around. So I did more than one trade
each time. Diversification is the clue not to lose everything. I invested in correlated
assets, sometimes to hedge, sometimes to maximize profits. I also based my decision
on fundamentals and what I read on newspaper and on analysis.




    3. Main trades:
I did a lot of small trade as you can see on the statement of my trades. But in this
chapter, I will explain the main trades I did, the main I won and the main I loose. I will
also show some typical trade I did of each strategic option. I will analyze them in a
time horizon, from the oldest to the newest.

                                                                                                                  -
       2008-11-06 16:09:36         49604                 basic bet                                  GOLD
                                                                                                                 50
                 You bet 50(GNU) that the GOLD will be lower than 742.2 at 2008-11-06 16:14:45.
                                 The closing price was 742.2 You lost this bet.

         2008-11-06 16:20:46                     49607                 basic bet                       GOLD      35
 You bet 50(GNU) that the GOLD will be lower than 734.1 at 2008-11-06 16:25:54.The closing price was 730.1 You
                                                won this bet.


This is an example of the bets I did a first. As you can see the loss is small but the gain
as well. I thought it was not useful and I concentrated myself on the trades.



                                                                                                                 4
Garcia Olivier                                     gnuTrade                               Commodity trading


      2008-11-06 19:07:45           108830               per point trade                             DOW      -800
              buy 10(GNU) per point on DOW at the opening price of 8818 with a stop at 8632.
                     The bet closed at 8738. at 2008-11-06 19:16:17,You closed this bet


      2008-11-06 18:24:10            108815              per point trade                             DOW      200
                 sell 10(GNU) per point on DOW at the opening price of 8738 with a stop at 8800.
                         The bet closed at 8718. at 2008-11-06 18:55:49,You closed this bet


At first I did a lot of trade like those ones. You can see a trade closing fifteen minutes
or half an hour later. It was just to try how it works. The trades were almost not
reflected and, just based on a feeling for real short time. These trades on a so short
time with so small reflections are really not useful. This is one of my first and biggest
mistakes I did. I should have not done so many small trades.

At this time of the game during the week I went down to around 8000 gnu, I lost a lot
mainly because of small trades like this one with a lot of gnu, making me lose some
hundred each trade. That was a mistake I did, too many small trades not enough
reflected.

2008-11-10 16:43:55               109721      per point trade                                      GOLD    -268
                 buy 2(GNU) per point on GOLD at the opening price of 746.6 with a stop at 660.
                       The bet closed at 733.2. at 2008-11-11 15:07:09,You closed this bet


This trade was one of my first reflected trades. I had no real strategy, only a vision. I
believed gold would go up, mainly because at this time gold was really down and
believed gold will rise again on a long term view. Gold was going down because of
the huge gain of the USD, and I didn’t believe the greenback would stay strong on
long term. But as you can see I closed the bet the next day. I saw that I was losing a
little bit, so I choose to close the bet. That was a mistake, because what I thought
was not wrong, but as I have no experience I closed the bet with some losses.
The first strategy I wanted to do was long term trades, but with quick losses I changed
my mind, which was a mistake, because when you choose a strategy you have to
keep it until you are sure it’s the wrong one.

During the same week, I also tried to do some other long term trades like this one, but
when I was losing I always closed the trade, with losses, instead of keeping my
trading and perhaps doing profits, because my view were not wrong. I had only
around 7000 gnu.




                                                                                                               5
Garcia Olivier                                       gnuTrade                                   Commodity trading




  2008-11-13 20:56:34       111157              per point trade                                       DOW           770.5
             buy 11.5(GNU) per point on DOW at the opening price of 8788 with a stop at 8611.
              The bet closed at 8855. at 2008-11-13 21:00:02,This bet closed at the market close
     2008-11-13 20:50:08                           111144                     per point trade                 DOW -500
                 sell 20(GNU) per point on DOW at the opening price of 8711 with a stop at 8736.
                   The bet closed at 8736. at 2008-11-13 20:50:32,The bet reached its stop price
   2008-11-13 20:33:24                    111131                  per point trade                       DOW          400
                 buy 20(GNU) per point on DOW at the opening price of 8651 with a stop at 8535.
                        The bet closed at 8671. at 2008-11-13 20:34:14,You closed this bet
    2008-11-13 20:23:06                111112                  per point trade                           DOW         400
                 buy 10(GNU) per point on DOW at the opening price of 8481 with a stop at 8131.
                        The bet closed at 8521. at 2008-11-13 20:23:51,You closed this bet
     2008-11-13 20:07:12             111093                  per point trade                                DOW      720
                 sell 10(GNU) per point on DOW at the opening price of 8413 with a stop at 8598.
                         The bet closed at 8341. at 2008-11-13 20:10:21,You closed this bet


That day, I did some of my better trades. As you can see on the trades’ statement,
there are a lot of them, some winning some loosing. I was watching CNBC, and there
were commenting the major trend of the Dow Jones. First the Dow was going down
and after that a major trend around 1500 points in one hour. I was at the right place
at the right time. I went to my computer and started trading. I did a lot of small
trades, closing quickly the bets with small losses or profits, and this was my biggest
mistake. I should have kept my position until the end of the trend.
I started selling Dow when it was going down and buying when it was going up, but
closing quickly. I still did a huge gain that day around 1500 in one hour.
This trend was almost unbelievable, and even analyst didn’t know what happen
exactly. This trend was caused mainly by emotional trading before the closing of the
NYMEX.

At this time of the game I had still 8000; I went up mainly because of this day.

     2008-12-05 15:51:17             118646                 per point trade                              EURO        740
                 buy 4(GNU) per point on EURO at the opening price of 1.2674 with a stop at 1.23.
                       The bet closed at 1.2859. at 2008-12-08 13:24:32,You closed this bet
     2008-12-05 15:52:37         118647               per point trade                                  GOLD          -575
              sell 5(GNU) per point on GOLD at the opening price of 746.2 with a stop at 775.
                      The bet closed at 757.7. at 2008-12-05 21:06:09,You closed this bet


Here I tried to create some hedging strategy in case of my view was wrong: Euro
against Gold. I believed gold was going down, so I sold gold and bought euro to
hedge. As gold was on a downtrend because of stock exchange markets going
up, I thought gold was going to continue on a downtrend but I was wrong.
Fortunately, my hedge worked and I gained on the euro trade.




                                                                                                                      6
Garcia Olivier                                         gnuTrade                                    Commodity trading


                                                                                             per point trade                    -
                       2008-12-08 16:12:53                                119060                                       OIL
                                                                                                                             1230
                  sell 5(GNU) per point on OIL at the opening price of 40.36 with a stop at 44.01.
                 The bet closed at 42.82. at 2008-12-08 16:12:53,You adjusted the value of the bet
                                                                                    per point trade
                       2008-12-08 16:13:39                              119062                             OIL               -1632

                  sell 5.1(GNU) per point on OIL at the opening price of 40.36 with a stop at 45.
                         The bet closed at 43.56. at 2008-12-10 15:04:57,You closed this bet
                                                                                      per point trade
                       2008-12-08 16:14:57                           119064                                    EURO           -320

              sell 5(GNU) per point on EURO at the opening price of 1.2904 with a stop at 1.3233.
    The bet closed at 1.2968. at 2008-12-08 21:59:04,This bet was closed at market close because you had
                                     insufficient funds to pay the rolling fee


Here I did not do the same strategy of hedging as the trades before. I tried to
maximize the profits, trading on two correlated assets, oil and euro. As oil was going
down for the last session, I believed it was continuing, and I was right few sessions
later, but I close the bet because of risk aversion (big mistake because oil went
under $40). And my view on the euro was right as well but because of the margin
balance my bet closed because I couldn’t pay the rolling fees as my margin
balance was too big.

I was going down, I had around 6000 gnu.

   2008-12-11 12:39:23        119956                  per point trade                                      GOLD              4530
             buy 10(GNU) per point on GOLD at the opening price of 774.6 with a stop at 819.9.
               The bet closed at 819.9. at 2008-12-11 15:52:06,The bet reached its stop price
      2008-12-11 16:14:43                             120089                     per point trade                   OIL 576
                  buy 3(GNU) per point on OIL at the opening price of 44.21 with a stop at 44.99.
                 The bet closed at 46.13. at 2008-12-11 16:14:44,You adjusted the value of the bet
    2008-12-11 16:14:44                      120090                     per point trade                          OIL         1344
                 buy 7(GNU) per point on OIL at the opening price of 44.21 with a stop at 44.98.
                       The bet closed at 46.13. at 2008-12-11 16:15:28,You closed this bet
     2008-12-11 16:22:05               120099                  per point trade                                 EURO           610
             buy 5(GNU) per point on EURO at the opening price of 1.3118 with a stop at 1.3199.
              The bet closed at 1.324. at 2008-12-11 16:22:05,You adjusted the value of the bet


These trades were my most successful trades and the more reflected. I read a lot of
analysis and a lot of them said that the dollar will go down just before Christmas
holiday and I agreed that. So I bought gold, euro and oil to maximize the profits.
They are all correlated and I didn’t hedge, I preferred to maximize. Effectively the
analysts were right and so do I. I won a lot on those trades, but I could have won
more than that if hadn’t closed the trades too early. I cut the profits which is one of
the most common mistake.

Now I was around 11000 gnu.

I finished the trading game, with some small trades which were right for some and
wrong for others. My final result is around 10240 gnu. So I finally won 240 gnu, which
means 2.5% benefits in three months.

                                                                                                                               7
Garcia Olivier                           gnuTrade                       Commodity trading




    4. Performance and mistake

I started really badly going down quickly, mainly because of small trades without
really thinking about what I was doing. But each time I thought a little bit more I did a
better performance. Fundamental trading has been more successful for me than
emotional trading. The best point for me is that even if I lose a lot at the beginning I
succeed to keep the capital of 10000 gnu at least. If had started with more thinking
trades, I think I could have done a much better performance.

My biggest mistake was all the small little trades I’ve done. I should have done a
global medium-long term strategy, and keep my strategy to the end.

Another of my important mistake is to cut profits and don’t cut losses or cut losses too
early.



    5. 10 lessons I’ve learned

    1. Reflection before action
    2. Keep your strategy until you’re sure you’re wrong, even if you lose in a first
        time
    3. Diversification is the clue not to lose too much
    4. A good estimation of margin balance is essential
    5. Hedging is important
    6. Cut losses but don’t cut profits
    7. Don’t have too much risk aversion if you want to win
    8. Listen to others opinion but create your own opinion and strategy
    9. Being time to market is the most important
    10. Don’t do small independent trades, but create a global strategy




                                                                                            8
Garcia Olivier                                        gnuTrade                                    Commodity trading


    6. Statement report

        Date/Time                   ID                        Transaction Type                      Market     Profit/Loss
    2008-12-16 20:56:59           120878              per point trade                               EURO                     -72
            buy 2(GNU) per point on EURO at the opening price of 1.4148 with a stop at 1.319.
                  The bet closed at 1.4112. at 2008-12-16 21:00:54,You closed this bet
                                                       Show details


             Date/Time                                                  Transaction detail                         Value
       2008-12-16 21:00:54                                        close trade - profit/loss                            -72
       2008-12-16 21:00:54                                            return margin                                   1916
       2008-12-16 20:56:59                            place trade - amount moved to margin account                    -1916
    2008-12-16 20:55:52        120877              per point trade                                   GOLD                  -114
             buy 3(GNU) per point on GOLD at the opening price of 860 with a stop at 820.4.
                   The bet closed at 856.2. at 2008-12-16 21:01:17,You closed this bet
                                                       Show details


            Date/Time                                                   Transaction detail                         Value
       2008-12-16 21:01:17                                         close trade - profit/loss                           -114
       2008-12-16 21:01:17                                             return margin                                   1188
       2008-12-16 20:55:52                            adjust trade - amount moved to margin account                   -1188
       2008-12-16 20:55:52                                            return margin                                    8874
       2008-12-16 20:55:39                            place trade - amount moved to margin account                    -8874
    2008-12-16 16:40:42         120804             per point trade                                   EURO                    27
             buy 3(GNU) per point on EURO at the opening price of 1.3796 with a stop at 1.35.
                   The bet closed at 1.3805. at 2008-12-16 18:58:47,You closed this bet
                                                          Show details


           Date/Time                                                 Transaction detail                            Value
       2008-12-16 18:58:47                                        close trade - profit/loss                             27
       2008-12-16 18:58:47                                            return margin                                     888
       2008-12-16 16:40:42                            place trade - amount moved to margin account                     -888
    2008-12-15 21:32:04           120661              per point trade                                EURO                    -45
            buy 3(GNU) per point on EURO at the opening price of 1.3704 with a stop at 1.3518.
                   The bet closed at 1.3689. at 2008-12-15 21:33:08,You closed this bet
                                                          Show details


           Date/Time                                                 Transaction detail                            Value
       2008-12-15 21:33:08                                        close trade - profit/loss                            -45
       2008-12-15 21:33:08                                             return margin                                   558
       2008-12-15 21:32:04                            place trade - amount moved to margin account                     -558
    2008-12-15 18:54:46           120615              per point trade                                 OIL                  534
                 buy 3(GNU) per point on OIL at the opening price of 45.84 with a stop at 42.5.
                     The bet closed at 47.62. at 2008-12-17 11:52:51,You closed this bet
                                                          Show details


             Date/Time                                                  Transaction detail                         Value
       2008-12-17 11:52:51                                        close trade - profit/loss                            534
       2008-12-17 11:52:51                                            return margin                                   1002
       2008-12-16 21:15:01                                                  rolling fee                               -26.2
       2008-12-15 21:15:01                                                  rolling fee                               -26.2
       2008-12-15 18:54:46                            place trade - amount moved to margin account                    -1002


                                                                                                                       9
Garcia Olivier                                       gnuTrade                                          Commodity trading


    2008-12-15 13:38:35        120506              per point trade                                        OIL                 -624
              buy 3(GNU) per point on OIL at the opening price of 49.34 with a stop at 43.44.
                   The bet closed at 47.26. at 2008-12-15 16:24:29,You closed this bet
                                                       Show details


             Date/Time                                                 Transaction detail                              Value
        2008-12-15 16:24:29                                      close trade - profit/loss                                  -624
        2008-12-15 16:24:29                                          return margin                                          1770
        2008-12-15 13:38:35                          place trade - amount moved to margin account                          -1770
    2008-12-15 13:37:50         120505             per point trade                                       GOLD                    258
             buy 3(GNU) per point on GOLD at the opening price of 825.4 with a stop at 794.7.
                    The bet closed at 834. at 2008-12-15 19:21:04,You closed this bet
                                                       Show details


            Date/Time                                               Transaction detail                                 Value
        2008-12-15 19:21:04                                      close trade - profit/loss                                 258
        2008-12-15 19:21:04                                          return margin                                           921
        2008-12-15 13:37:50                          place trade - amount moved to margin account                           -921
    2008-12-15 08:00:17          120404              per point trade                                     EURO                1085
             buy 5(GNU) per point on EURO at the opening price of 1.345 with a stop at 1.312.
                   The bet closed at 1.3667. at 2008-12-15 19:22:02,You closed this bet
                                                         Show details


            Date/Time                                               Transaction detail                                 Value
        2008-12-15 19:22:02                                      close trade - profit/loss                               1085
        2008-12-15 19:22:02                                          return margin                                          1650
        2008-12-15 08:00:17                          place trade - amount moved to margin account                          -1650
                                                                                     per point trade
       2008-12-11 20:16:41                            120198                                               EURO               -290

            buy 5(GNU) per point on EURO at the opening price of 1.3327 with a stop at 1.3127.
                   The bet closed at 1.3269. at 2008-12-12 08:27:04,You closed this bet
                                                       Show details


           Date/Time                                                Transaction detail                                 Value
       2008-12-12 08:27:04                                       close trade - profit/loss                                -290
       2008-12-12 08:27:04                                              return margin                                       1000
       2008-12-11 21:59:02                                                rolling fee                                      -130.2
       2008-12-11 20:16:41                          place trade - amount moved to margin account                           -1000
                                                                                     per point trade
       2008-12-11 20:12:36                            120197                                                OIL               -445

                 buy 5(GNU) per point on OIL at the opening price of 47.61 with a stop at 46.
                    The bet closed at 46.72. at 2008-12-11 20:12:56,You closed this bet
                                                         Show details


           Date/Time                                                Transaction detail                                 Value
       2008-12-11 20:12:56                                       close trade - profit/loss                                -445
       2008-12-11 20:12:56                                           return margin                                           805
       2008-12-11 20:12:36                          adjust trade - amount moved to margin account                           -805
       2008-12-11 20:12:36                                           return margin                                          1055
       2008-12-11 18:27:08                          adjust trade - amount moved to margin account                          -1055
       2008-12-11 18:27:08                                           return margin                                           812
       2008-12-11 18:20:18                          adjust trade - amount moved to margin account                           -812
       2008-12-11 18:20:18                                           return margin                                           330
       2008-12-11 17:25:52                           place trade - amount moved to margin account                           -330
       2008-12-11 18:27:24                            120168                         per point trade       EURO                  240

                                                                                                                            10
Garcia Olivier                                        gnuTrade                                        Commodity trading



           buy 5(GNU) per point on EURO at the opening price of 1.3257 with a stop at 1.3195.
                  The bet closed at 1.3305. at 2008-12-11 20:14:52,You closed this bet
                                                      Show details


            Date/Time                                               Transaction detail                                Value
       2008-12-11 20:14:52                                        close trade - profit/loss                                 240
       2008-12-11 20:14:52                                            return margin                                         310
       2008-12-11 18:27:24                           adjust trade - amount moved to margin account                         -310
       2008-12-11 18:27:24                                            return margin                                             0
       2008-12-11 17:23:49                           adjust trade - amount moved to margin account                              0
       2008-12-11 17:23:49                                            return margin                                         114
       2008-12-11 16:22:05                           adjust trade - amount moved to margin account                         -114
       2008-12-11 16:22:05                                            return margin                                             0
       2008-12-11 16:12:00                           adjust trade - amount moved to margin account                              0
       2008-12-11 16:12:00                                            return margin                                             0
       2008-12-11 16:01:09                           adjust trade - amount moved to margin account                              0
       2008-12-11 16:01:09                                            return margin                                           0
       2008-12-11 12:50:01                           adjust trade - amount moved to margin account                            0
       2008-12-11 12:50:01                                            return margin                                         140
       2008-12-11 12:48:56                           adjust trade - amount moved to margin account                         -140
       2008-12-11 12:48:56                                            return margin                                           0
       2008-12-11 12:45:29                           adjust trade - amount moved to margin account                            0
       2008-12-11 12:45:29                                            return margin                                          30
       2008-12-11 11:12:34                           adjust trade - amount moved to margin account                          -30
       2008-12-11 11:12:34                                            return margin                                         835
       2008-12-11 08:11:49                           adjust trade - amount moved to margin account                        -835
       2008-12-11 08:11:49                                            return margin                                       1330
       2008-12-11 08:08:54                           adjust trade - amount moved to margin account                        -1330
       2008-12-11 08:08:54                                            return margin                                         651
       2008-12-10 21:59:03                                              rolling fee                                        -76.2
       2008-12-10 15:08:17                            place trade - amount moved to margin account                         -651
                                                                                    per point trade
       2008-12-11 17:19:55                             120127                                              OIL                  -24

                 buy 4(GNU) per point on OIL at the opening price of 46.73 with a stop at 45.2.
                     The bet closed at 46.67. at 2008-12-11 17:23:08,You closed this bet
                                                          Show details


           Date/Time                                                 Transaction detail                               Value
       2008-12-11 17:23:08                                        close trade - profit/loss                               -24
       2008-12-11 17:23:08                                            return margin                                         612
       2008-12-11 17:19:55                           adjust trade - amount moved to margin account                         -612
       2008-12-11 17:19:55                                            return margin                                         924
       2008-12-11 17:18:06                           adjust trade - amount moved to margin account                         -924
       2008-12-11 17:18:06                                            return margin                                         350
       2008-12-11 16:21:38                            place trade - amount moved to margin account                         -350
                                                                                    per point trade
       2008-12-11 16:22:30                             120101                                             GOLD                   -6

             buy 2(GNU) per point on GOLD at the opening price of 825.2 with a stop at 799.4.
                   The bet closed at 824.9. at 2008-12-11 17:23:16,You closed this bet
                                                          Show details


           Date/Time                                                 Transaction detail                               Value
       2008-12-11 17:23:16                                        close trade - profit/loss                                     -6
       2008-12-11 17:23:16                                             return margin                                        516


                                                                                                                           11
Garcia Olivier                                         gnuTrade                                        Commodity trading


       2008-12-11 16:22:30                            adjust trade - amount moved to margin account                         -516
       2008-12-11 16:22:30                                            return margin                                         1600
       2008-12-11 16:21:09                            place trade - amount moved to margin account                         -1600
                                                                                     per point trade
       2008-12-11 16:22:05                             120099                                              EURO                  610

           buy 5(GNU) per point on EURO at the opening price of 1.3118 with a stop at 1.3199.
            The bet closed at 1.324. at 2008-12-11 16:22:05,You adjusted the value of the bet
                                                       Show details


            Date/Time                                                Transaction detail                                Value
       2008-12-11 16:22:05                                        close trade - profit/loss                                 610
       2008-12-11 16:22:05                                            return margin                                         285
       2008-12-11 16:22:05                            adjust trade - amount moved to margin account                         -285
       2008-12-11 16:22:05                                             return margin                                           0
       2008-12-11 16:12:00                            adjust trade - amount moved to margin account                            0
       2008-12-11 16:12:00                                             return margin                                             0
       2008-12-11 16:01:09                            adjust trade - amount moved to margin account                              0
       2008-12-11 16:01:09                                             return margin                                             0
       2008-12-11 12:50:01                            adjust trade - amount moved to margin account                              0
       2008-12-11 12:50:01                                             return margin                                         140
       2008-12-11 12:48:56                            adjust trade - amount moved to margin account                         -140
       2008-12-11 12:48:56                                             return margin                                             0
       2008-12-11 12:45:29                            adjust trade - amount moved to margin account                              0
       2008-12-11 12:45:29                                             return margin                                         30
       2008-12-11 11:12:34                            adjust trade - amount moved to margin account                         -30
       2008-12-11 11:12:34                                             return margin                                        835
       2008-12-11 08:11:49                            adjust trade - amount moved to margin account                        -835
       2008-12-11 08:11:49                                             return margin                                       1330
       2008-12-11 08:08:54                            adjust trade - amount moved to margin account                        -1330
       2008-12-11 08:08:54                                             return margin                                         651
       2008-12-10 21:59:03                                              rolling fee                                        -76.2
       2008-12-10 15:08:17                            place trade - amount moved to margin account                          -651
                                                                                     per point trade
       2008-12-11 16:18:56                             120093                                               OIL              -225

                 buy 5(GNU) per point on OIL at the opening price of 46.16 with a stop at 44.16.
                      The bet closed at 45.71. at 2008-12-11 16:20:34,You closed this bet
                                                          Show details


           Date/Time                                                 Transaction detail                                Value
       2008-12-11 16:20:34                                        close trade - profit/loss                               -225
       2008-12-11 16:20:34                                            return margin                                         1000
       2008-12-11 16:18:56                            place trade - amount moved to margin account                         -1000
                                                                                     per point trade
       2008-12-11 16:14:44                             120090                                               OIL              1344

                 buy 7(GNU) per point on OIL at the opening price of 44.21 with a stop at 44.98.
                      The bet closed at 46.13. at 2008-12-11 16:15:28,You closed this bet
                                                          Show details


            Date/Time                                               Transaction detail                                 Value
       2008-12-11 16:15:28                                        close trade - profit/loss                                1344
       2008-12-11 16:15:28                                            return margin                                        1001
       2008-12-11 16:14:44                           adjust trade - amount moved to margin account                         -1001
       2008-12-11 16:14:43                                            return margin                                            0
       2008-12-11 16:12:55                           adjust trade - amount moved to margin account                             0
       2008-12-11 16:12:55                                             return margin                                             0


                                                                                                                            12
Garcia Olivier                                     gnuTrade                                        Commodity trading


       2008-12-11 16:12:25                       adjust trade - amount moved to margin account                               0
       2008-12-11 16:12:25                                        return margin                                              0
       2008-12-11 16:00:49                       adjust trade - amount moved to margin account                               0
       2008-12-11 16:00:49                                        return margin                                              0
       2008-12-11 15:58:05                       adjust trade - amount moved to margin account                               0
       2008-12-11 15:58:05                                        return margin                                              0
       2008-12-11 13:08:16                       adjust trade - amount moved to margin account                               0
       2008-12-11 13:08:16                                        return margin                                              0
       2008-12-11 12:44:48                       adjust trade - amount moved to margin account                               0
       2008-12-11 12:44:48                                        return margin                                              0
       2008-12-11 11:12:03                       adjust trade - amount moved to margin account                             0
       2008-12-11 11:12:03                                        return margin                                          630
       2008-12-11 11:10:21                       adjust trade - amount moved to margin account                          -630
       2008-12-11 11:10:21                                        return margin                                         1596
       2008-12-11 11:09:47                       adjust trade - amount moved to margin account                         -1596
       2008-12-11 11:09:47                                        return margin                                         1110
       2008-12-11 08:12:18                       adjust trade - amount moved to margin account                         -1110
       2008-12-11 08:12:18                                        return margin                                         1055
       2008-12-11 08:10:22                       adjust trade - amount moved to margin account                         -1055
       2008-12-11 08:10:22                                        return margin                                         1140
       2008-12-10 21:15:01                                          rolling fee                                         -41.2
       2008-12-10 16:18:55                       adjust trade - amount moved to margin account                         -1140
       2008-12-10 16:18:55                                        return margin                                        199.5
       2008-12-10 16:17:21                        place trade - amount moved to margin account                         -199.5
                                                                                 per point trade
       2008-12-11 16:14:43                         120089                                               OIL                  576

             buy 3(GNU) per point on OIL at the opening price of 44.21 with a stop at 44.99.
            The bet closed at 46.13. at 2008-12-11 16:14:44,You adjusted the value of the bet
                                                       Show details


           Date/Time                                             Transaction detail                                Value
       2008-12-11 16:14:44                                    close trade - profit/loss                                576
       2008-12-11 16:14:44                                        return margin                                          429
       2008-12-11 16:14:43                       adjust trade - amount moved to margin account                          -429
       2008-12-11 16:14:43                                        return margin                                            0
       2008-12-11 16:12:55                       adjust trade - amount moved to margin account                               0
       2008-12-11 16:12:55                                        return margin                                              0
       2008-12-11 16:12:25                       adjust trade - amount moved to margin account                               0
       2008-12-11 16:12:25                                        return margin                                              0
       2008-12-11 16:00:49                       adjust trade - amount moved to margin account                               0
       2008-12-11 16:00:49                                        return margin                                              0
       2008-12-11 15:58:05                       adjust trade - amount moved to margin account                               0
       2008-12-11 15:58:05                                        return margin                                              0
       2008-12-11 13:08:16                       adjust trade - amount moved to margin account                               0
       2008-12-11 13:08:16                                        return margin                                              0
       2008-12-11 12:44:48                       adjust trade - amount moved to margin account                               0
       2008-12-11 12:44:48                                        return margin                                              0
       2008-12-11 11:12:03                       adjust trade - amount moved to margin account                               0
       2008-12-11 11:12:03                                        return margin                                          630
       2008-12-11 11:10:21                       adjust trade - amount moved to margin account                          -630
       2008-12-11 11:10:21                                        return margin                                         1596
       2008-12-11 11:09:47                       adjust trade - amount moved to margin account                         -1596
       2008-12-11 11:09:47                                        return margin                                         1110
       2008-12-11 08:12:18                       adjust trade - amount moved to margin account                         -1110


                                                                                                                        13
Garcia Olivier                                      gnuTrade                                          Commodity trading


       2008-12-11 08:12:18                                          return margin                                          1055
       2008-12-11 08:10:22                        adjust trade - amount moved to margin account                           -1055
       2008-12-11 08:10:22                                         return margin                                           1140
       2008-12-10 21:15:01                                          rolling fee                                            -41.2
       2008-12-10 16:18:55                        adjust trade - amount moved to margin account                           -1140
       2008-12-10 16:18:55                                         return margin                                           199.5
       2008-12-10 16:17:21                         place trade - amount moved to margin account                           -199.5
                                                                                    per point trade
       2008-12-11 15:59:11                          120059                                                GOLD                  -87

              buy 3(GNU) per point on GOLD at the opening price of 825.1 with a stop at 795.
                    The bet closed at 822.2. at 2008-12-11 16:00:09,You closed this bet
                                                        Show details


           Date/Time                                              Transaction detail                                  Value
       2008-12-11 16:00:09                                     close trade - profit/loss                                  -87
       2008-12-11 16:00:09                                         return margin                                            903
       2008-12-11 15:59:11                         place trade - amount moved to margin account                            -903
                                                                                    per point trade
       2008-12-11 12:39:23                          119956                                                GOLD              4530

             buy 10(GNU) per point on GOLD at the opening price of 774.6 with a stop at 819.9.
               The bet closed at 819.9. at 2008-12-11 15:52:06,The bet reached its stop price
                                                        Show details


            Date/Time                                            Transaction detail                                   Value
       2008-12-11 15:52:06                                     close trade - profit/loss                                   4530
       2008-12-11 15:52:06                                         return margin                                              0
       2008-12-11 12:39:23                        adjust trade - amount moved to margin account                                 0
       2008-12-11 12:39:23                                         return margin                                                0
       2008-12-11 11:11:01                        adjust trade - amount moved to margin account                                 0
       2008-12-11 11:11:01                                         return margin                                                0
       2008-12-11 08:11:12                        adjust trade - amount moved to margin account                                 0
       2008-12-11 08:11:12                                          return margin                                              0
       2008-12-10 22:15:02                                            rolling fee                                         -157.2
       2008-12-10 16:18:29                        adjust trade - amount moved to margin account                               0
       2008-12-10 16:18:29                                         return margin                                           2500
       2008-12-09 22:15:01                                            rolling fee                                         -151.2
       2008-12-08 22:15:02                                            rolling fee                                         -150.2
       2008-12-08 16:14:20                         place trade - amount moved to margin account                           -2500
                                                                                    per point trade
       2008-12-09 09:56:38                          119236                                                EURO               -805

            sell 5(GNU) per point on EURO at the opening price of 1.2862 with a stop at 1.3023.
              The bet closed at 1.3023. at 2008-12-10 15:06:43,The bet reached its stop price
                                                       Show details


            Date/Time                                            Transaction detail                                   Value
       2008-12-10 15:06:43                                     close trade - profit/loss                                   -805
       2008-12-10 15:06:43                                         return margin                                            805
       2008-12-09 21:59:02                                           rolling fee                                          -126.2
       2008-12-09 09:56:38                         place trade - amount moved to margin account                             -805
                                                                                    per point trade
       2008-12-08 16:14:57                          119064                                                EURO               -320

             sell 5(GNU) per point on EURO at the opening price of 1.2904 with a stop at 1.3233.
   The bet closed at 1.2968. at 2008-12-08 21:59:04,This bet was closed at market close because you had
                                    insufficient funds to pay the rolling fee




                                                                                                                           14
Garcia Olivier                                          gnuTrade                                         Commodity trading


                                                            Show details


           Date/Time                                                   Transaction detail                                Value
       2008-12-08 21:59:04                                          close trade - profit/loss                               -320
       2008-12-08 21:59:04                                             return margin                                           1645
       2008-12-08 16:14:57                             place trade - amount moved to margin account                           -1645
                                                                                       per point trade
       2008-12-08 16:13:39                              119062                                                OIL              -1632

                  sell 5.1(GNU) per point on OIL at the opening price of 40.36 with a stop at 45.
                        The bet closed at 43.56. at 2008-12-10 15:04:57,You closed this bet
                                                            Show details


           Date/Time                                                 Transaction detail                                 Value
       2008-12-10 15:04:57                                        close trade - profit/loss                                -1632
       2008-12-10 15:04:57                                             return margin                                         2366.4
       2008-12-09 21:15:02                                               rolling fee                                          -41.2
       2008-12-08 21:15:01                                             rolling fee                                         -43.2
       2008-12-08 16:13:39                           adjust trade - amount moved to margin account                       -2366.4
       2008-12-08 16:13:39                                            return margin                                           749.7
       2008-12-08 16:12:53                           adjust trade - amount moved to margin account                           -749.7
       2008-12-08 16:12:53                                             return margin                                         3686.5
       2008-12-05 21:15:09                                               rolling fee                                          -79.2
       2008-12-05 21:08:26                           place trade - amount moved to margin account                        -3686.5
                                                                                       per point trade
       2008-12-08 16:12:53                              119060                                                OIL              -1230

             sell 5(GNU) per point on OIL at the opening price of 40.36 with a stop at 44.01.
            The bet closed at 42.82. at 2008-12-08 16:12:53,You adjusted the value of the bet
                                                            Show details


           Date/Time                                                Transaction detail                                  Value
       2008-12-08 16:12:53                                        close trade - profit/loss                                   -1230
       2008-12-08 16:12:53                                            return margin                                             735
       2008-12-08 16:12:53                           adjust trade - amount moved to margin account                             -735
       2008-12-08 16:12:53                                            return margin                                          3686.5
       2008-12-05 21:15:09                                             rolling fee                                         -79.2
       2008-12-05 21:08:26                           place trade - amount moved to margin account                        -3686.5
                                                                                       per point trade
       2008-12-05 15:52:37                              118647                                               GOLD               -575

                 sell 5(GNU) per point on GOLD at the opening price of 746.2 with a stop at 775.
                        The bet closed at 757.7. at 2008-12-05 21:06:09,You closed this bet
                                                            Show details


           Date/Time                                                   Transaction detail                                Value
       2008-12-05 21:06:09                                          close trade - profit/loss                               -575
       2008-12-05 21:06:09                                             return margin                                           1440
       2008-12-05 15:52:37                             place trade - amount moved to margin account                           -1440
                                                                                       per point trade
       2008-12-05 15:51:17                              118646                                               EURO                   740

             buy 4(GNU) per point on EURO at the opening price of 1.2674 with a stop at 1.23.
                   The bet closed at 1.2859. at 2008-12-08 13:24:32,You closed this bet
                                                       Show details


            Date/Time                                                 Transaction detail                                 Value
       2008-12-08 13:24:32                                          close trade - profit/loss                                  740
       2008-12-08 13:24:32                                              return margin                                         1496


                                                                                                                               15
Garcia Olivier                                        gnuTrade                                    Commodity trading


        2008-12-05 21:15:05                                             rolling fee                                    -99.2
        2008-12-05 15:51:17                           place trade - amount moved to margin account                     -1496
     2008-11-24 15:05:20                    114476                per point trade                       GOLD                 -95
             buy 1.9(GNU) per point on GOLD at the opening price of 824.2 with a stop at 443.6.
                     The bet closed at 819.2. at 2008-11-24 19:28:01,You closed this bet
                                                        Show details


            Date/Time                                             Transaction detail                             Value
       2008-11-24 19:28:01                                     close trade - profit/loss                                 -95
       2008-11-24 19:28:01                                         return margin                                      7231.4
       2008-11-24 15:05:20                          place trade - amount moved to margin account                  -7231.4
     2008-11-24 14:03:30                  114402                per point trade                         GOLD             -100
             sell 5(GNU) per point on GOLD at the opening price of 814.2 with a stop at 849.1.
                    The bet closed at 816.2. at 2008-11-24 14:09:15,You closed this bet
                                                       Show details


            Date/Time                                              Transaction detail                             Value
       2008-11-24 14:09:15                                        close trade - profit/loss                            -100
       2008-11-24 14:09:15                                            return margin                                    1745
       2008-11-24 14:03:30                           adjust trade - amount moved to margin account                    -1745
       2008-11-24 14:03:30                                           return margin                                     3276
       2008-11-24 13:32:41                           place trade - amount moved to margin account                     -3276
     2008-11-24 13:28:25                 114389                per point trade                          GOLD            -86.1
           buy 2.1(GNU) per point on GOLD at the opening price of 820.6 with a stop at 701.4.
                   The bet closed at 816.5. at 2008-11-24 13:30:53,You closed this bet
                                                         Show details


           Date/Time                                              Transaction detail                             Value
       2008-11-24 13:30:53                                     close trade - profit/loss                             -86.1
       2008-11-24 13:30:53                                          return margin                                  2503.2
       2008-11-24 13:28:25                          place trade - amount moved to margin account                  -2503.2
     2008-11-24 11:04:55                    114208                per point trade                       GOLD                 -20
              buy 1(GNU) per point on GOLD at the opening price of 815.5 with a stop at 690.4.
                    The bet closed at 813.5. at 2008-11-24 11:11:21,You closed this bet
                                                         Show details


           Date/Time                                                Transaction detail                            Value
       2008-11-24 11:11:21                                       close trade - profit/loss                            -20
       2008-11-24 11:11:21                                            return margin                                 1251
       2008-11-24 11:04:55                           place trade - amount moved to margin account                     -1251
     2008-11-24 10:51:43                    114203                per point trade                       GOLD                 -22
                 buy 1(GNU) per point on GOLD at the opening price of 815 with a stop at 689.9.
                       The bet closed at 812.8. at 2008-11-24 10:57:04,You closed this bet
                                                          Show details


             Date/Time                                              Transaction detail                            Value
       2008-11-24 10:57:04                                       close trade - profit/loss                              -22
       2008-11-24 10:57:04                                           return margin                                     1251
       2008-11-24 10:51:43                           place trade - amount moved to margin account                     -1251
    2008-11-13 20:56:34        111157            per point trade                                     DOW               770.5
             buy 11.5(GNU) per point on DOW at the opening price of 8788 with a stop at 8611.
             The bet closed at 8855. at 2008-11-13 21:00:02,This bet closed at the market close
                                                       Show details




                                                                                                                        16
Garcia Olivier                                      gnuTrade                                    Commodity trading


           Date/Time                                            Transaction detail                             Value
       2008-11-13 21:00:02                                   close trade - profit/loss                            770.5
       2008-11-13 21:00:02                                        return margin                                  2035.5
       2008-11-13 20:56:34                       adjust trade - amount moved to margin account                  -2035.5
       2008-11-13 20:56:34                                        return margin                                     800
       2008-11-13 20:54:30                       place trade - amount moved to margin account                        -800
    2008-11-13 20:52:47       111147             per point trade                                   DOW                150
              buy 10(GNU) per point on DOW at the opening price of 8736 with a stop at 8540.
                    The bet closed at 8751. at 2008-11-13 20:53:13,You closed this bet
                                                      Show details


            Date/Time                                              Transaction detail                           Value
       2008-11-13 20:53:13                                     close trade - profit/loss                             150
       2008-11-13 20:53:13                                         return margin                                    1960
       2008-11-13 20:52:47                         place trade - amount moved to margin account                     -1960
    2008-11-13 20:50:08       111144             per point trade                                   DOW                -500
              sell 20(GNU) per point on DOW at the opening price of 8711 with a stop at 8736.
               The bet closed at 8736. at 2008-11-13 20:50:32,The bet reached its stop price
                                                      Show details


            Date/Time                                              Transaction detail                           Value
       2008-11-13 20:50:32                                     close trade - profit/loss                             -500
       2008-11-13 20:50:32                                         return margin                                      500
       2008-11-13 20:50:08                         place trade - amount moved to margin account                      -500
    2008-11-13 20:46:19       111139             per point trade                                   DOW                -100
              buy 10(GNU) per point on DOW at the opening price of 8751 with a stop at 8631.
                    The bet closed at 8741. at 2008-11-13 20:48:18,You closed this bet
                                                      Show details


           Date/Time                                              Transaction detail                            Value
       2008-11-13 20:48:18                                     close trade - profit/loss                           -100
       2008-11-13 20:48:18                                         return margin                                     1200
       2008-11-13 20:46:19                         place trade - amount moved to margin account                     -1200
    2008-11-13 20:44:10       111137             per point trade                                   DOW                -500
              sell 10(GNU) per point on DOW at the opening price of 8706 with a stop at 9070.
                     The bet closed at 8756. at 2008-11-13 20:45:35,You closed this bet
                                                       Show details


           Date/Time                                              Transaction detail                            Value
       2008-11-13 20:45:35                                     close trade - profit/loss                           -500
       2008-11-13 20:45:35                                         return margin                                     3640
       2008-11-13 20:44:10                         place trade - amount moved to margin account                     -3640
    2008-11-13 20:42:17       111136             per point trade                                   DOW                    59
             buy 11.8(GNU) per point on DOW at the opening price of 8711 with a stop at 8686.
                    The bet closed at 8716. at 2008-11-13 20:43:20,You closed this bet
                                                       Show details


            Date/Time                                              Transaction detail                           Value
       2008-11-13 20:43:20                                     close trade - profit/loss                              59
       2008-11-13 20:43:20                                         return margin                                     295
       2008-11-13 20:42:17                         place trade - amount moved to margin account                      -295
    2008-11-13 20:38:13        111133             per point trade                                  DOW                 -70
              sell 10(GNU) per point on DOW at the opening price of 8674 with a stop at 8704.
                     The bet closed at 8681. at 2008-11-13 20:40:17,You closed this bet


                                                                                                                     17
Garcia Olivier                                     gnuTrade                                     Commodity trading


                                                       Show details


           Date/Time                                              Transaction detail                            Value
       2008-11-13 20:40:17                                     close trade - profit/loss                            -70
       2008-11-13 20:40:17                                         return margin                                      300
       2008-11-13 20:38:13                         place trade - amount moved to margin account                      -300
    2008-11-13 20:35:49       111132             per point trade                                   DOW                     0
              sell 20(GNU) per point on DOW at the opening price of 8661 with a stop at 8686.
                     The bet closed at 8661. at 2008-11-13 20:36:10,You closed this bet
                                                       Show details


           Date/Time                                              Transaction detail                            Value
       2008-11-13 20:36:10                                     close trade - profit/loss                               0
       2008-11-13 20:36:10                                          return margin                                    500
       2008-11-13 20:35:49                         place trade - amount moved to margin account                      -500
    2008-11-13 20:33:24       111131             per point trade                                   DOW                400
              buy 20(GNU) per point on DOW at the opening price of 8651 with a stop at 8535.
                    The bet closed at 8671. at 2008-11-13 20:34:14,You closed this bet
                                                      Show details


            Date/Time                                              Transaction detail                           Value
       2008-11-13 20:34:14                                     close trade - profit/loss                             400
       2008-11-13 20:34:14                                         return margin                                    2320
       2008-11-13 20:33:24                         place trade - amount moved to margin account                     -2320
    2008-11-13 20:32:08       111130             per point trade                                   DOW                100
              buy 10(GNU) per point on DOW at the opening price of 8616 with a stop at 8591.
                    The bet closed at 8626. at 2008-11-13 20:32:29,You closed this bet
                                                      Show details


            Date/Time                                              Transaction detail                           Value
       2008-11-13 20:32:29                                     close trade - profit/loss                              100
       2008-11-13 20:32:29                                         return margin                                      250
       2008-11-13 20:32:08                         place trade - amount moved to margin account                      -250
    2008-11-13 20:30:07       111129             per point trade                                   DOW                    10
              buy 10(GNU) per point on DOW at the opening price of 8610 with a stop at 8482.
                    The bet closed at 8611. at 2008-11-13 20:30:46,You closed this bet
                                                      Show details


           Date/Time                                              Transaction detail                            Value
       2008-11-13 20:30:46                                     close trade - profit/loss                             10
       2008-11-13 20:30:46                                         return margin                                     1280
       2008-11-13 20:30:07                         place trade - amount moved to margin account                     -1280
    2008-11-13 20:28:25       111126             per point trade                                   DOW                -250
              sell 10(GNU) per point on DOW at the opening price of 8541 with a stop at 8586.
                     The bet closed at 8566. at 2008-11-13 20:29:21,You closed this bet
                                                       Show details


           Date/Time                                              Transaction detail                            Value
       2008-11-13 20:29:21                                     close trade - profit/loss                           -250
       2008-11-13 20:29:21                                         return margin                                      450
       2008-11-13 20:28:25                         place trade - amount moved to margin account                      -450
    2008-11-13 20:25:24       111123             per point trade                                   DOW                100
              buy 10(GNU) per point on DOW at the opening price of 8551 with a stop at 8516.
                    The bet closed at 8561. at 2008-11-13 20:26:26,You closed this bet


                                                                                                                     18
Garcia Olivier                                     gnuTrade                                     Commodity trading


                                                       Show details


           Date/Time                                              Transaction detail                            Value
       2008-11-13 20:26:26                                     close trade - profit/loss                            100
       2008-11-13 20:26:26                                         return margin                                      350
       2008-11-13 20:25:24                         place trade - amount moved to margin account                      -350
    2008-11-13 20:23:06       111112             per point trade                                   DOW                400
              buy 10(GNU) per point on DOW at the opening price of 8481 with a stop at 8131.
                    The bet closed at 8521. at 2008-11-13 20:23:51,You closed this bet
                                                       Show details


           Date/Time                                             Transaction detail                             Value
       2008-11-13 20:23:51                                    close trade - profit/loss                             400
       2008-11-13 20:23:51                                         return margin                                  3500
       2008-11-13 20:23:06                        adjust trade - amount moved to margin account                     -3500
       2008-11-13 20:23:06                                         return margin                                     1750
       2008-11-13 20:22:42                        place trade - amount moved to margin account                      -1750
    2008-11-13 20:21:44       111108             per point trade                                   DOW                    0
              buy 10(GNU) per point on DOW at the opening price of 8461 with a stop at 8135.
                    The bet closed at 8461. at 2008-11-13 20:22:08,You closed this bet
                                                      Show details


            Date/Time                                              Transaction detail                           Value
       2008-11-13 20:22:08                                     close trade - profit/loss                               0
       2008-11-13 20:22:08                                         return margin                                    3260
       2008-11-13 20:21:44                         place trade - amount moved to margin account                     -3260
    2008-11-13 20:17:25       111098             per point trade                                   DOW                175
              buy 5(GNU) per point on DOW at the opening price of 8406 with a stop at 8381.
                    The bet closed at 8441. at 2008-11-13 20:18:52,You closed this bet
                                                      Show details


           Date/Time                                              Transaction detail                            Value
       2008-11-13 20:18:52                                     close trade - profit/loss                            175
       2008-11-13 20:18:52                                         return margin                                      125
       2008-11-13 20:17:25                         place trade - amount moved to margin account                      -125
    2008-11-13 20:13:58       111096             per point trade                                   DOW                 -77
              buy 11(GNU) per point on DOW at the opening price of 8408 with a stop at 8015.
                    The bet closed at 8401. at 2008-11-13 20:16:22,You closed this bet
                                                       Show details


           Date/Time                                             Transaction detail                             Value
       2008-11-13 20:16:22                                    close trade - profit/loss                             -77
       2008-11-13 20:16:22                                         return margin                                     4323
       2008-11-13 20:13:58                        adjust trade - amount moved to margin account                     -4323
       2008-11-13 20:13:58                                        return margin                                      1484
       2008-11-13 20:11:45                        place trade - amount moved to margin account                      -1484
    2008-11-13 20:07:12       111093             per point trade                                   DOW                720
              sell 10(GNU) per point on DOW at the opening price of 8413 with a stop at 8598.
                     The bet closed at 8341. at 2008-11-13 20:10:21,You closed this bet
                                                       Show details


            Date/Time                                              Transaction detail                           Value
       2008-11-13 20:10:21                                    close trade - profit/loss                              720
       2008-11-13 20:10:21                                        return margin                                     1850


                                                                                                                     19
Garcia Olivier                                        gnuTrade                                    Commodity trading


       2008-11-13 20:07:12                           adjust trade - amount moved to margin account                    -1850
       2008-11-13 20:07:12                                           return margin                                      668
       2008-11-13 20:02:58                           place trade - amount moved to margin account                      -668
    2008-11-13 20:00:44       111089             per point trade                                     DOW                 -340
              buy 17(GNU) per point on DOW at the opening price of 8471 with a stop at 8377.
                    The bet closed at 8451. at 2008-11-13 20:02:26,You closed this bet
                                                         Show details


           Date/Time                                                Transaction detail                            Value
       2008-11-13 20:02:26                                       close trade - profit/loss                           -340
       2008-11-13 20:02:26                                           return margin                                     1598
       2008-11-13 20:00:44                           place trade - amount moved to margin account                     -1598
    2008-11-13 19:59:48         111088             per point trade                                   DOW                    0
                 sell 4(GNU) per point on DOW at the opening price of 8471 with a stop at 8967.
                        The bet closed at 8471. at 2008-11-13 20:00:22,You closed this bet
                                                         Show details


           Date/Time                                                Transaction detail                            Value
       2008-11-13 20:00:22                                       close trade - profit/loss                               0
       2008-11-13 20:00:22                                            return margin                                   1984
       2008-11-13 19:59:48                           place trade - amount moved to margin account                     -1984
    2008-11-13 19:49:17         111075             per point trade                                   DOW                 -128
                 buy 4(GNU) per point on DOW at the opening price of 8518 with a stop at 7762.
                       The bet closed at 8486. at 2008-11-13 19:59:22,You closed this bet
                                                         Show details


            Date/Time                                            Transaction detail                              Value
       2008-11-13 19:59:22                                     close trade - profit/loss                              -128
       2008-11-13 19:59:21                                         return margin                                      3024
       2008-11-13 19:49:17                         adjust trade - amount moved to margin account                      -3024
       2008-11-13 19:49:16                                          return margin                                      2214
       2008-11-13 19:47:51                         adjust trade - amount moved to margin account                    -2214
       2008-11-13 19:47:51                                          return margin                                  4217.6
       2008-11-13 19:47:29                         adjust trade - amount moved to margin account                  -4217.6
       2008-11-13 19:47:29                                          return margin                                  3416.4
       2008-11-13 19:40:28                         adjust trade - amount moved to margin account                  -3416.4
       2008-11-13 19:40:28                                         return margin                                       2619
       2008-11-13 19:37:36                         place trade - amount moved to margin account                       -2619
    2008-11-13 19:38:04         111053             per point trade                                   S&P                  -40
                  buy 10(GNU) per point on S&P at the opening price of 876 with a stop at 724.
                       The bet closed at 872. at 2008-11-13 20:02:02,You closed this bet
                                                         Show details


           Date/Time                                                Transaction detail                            Value
       2008-11-13 20:02:02                                       close trade - profit/loss                            -40
       2008-11-13 20:02:02                                           return margin                                     1520
       2008-11-13 19:38:04                           place trade - amount moved to margin account                     -1520
    2008-11-13 19:37:26         111051             per point trade                                 NASDAQ                   -2
             buy 1(GNU) per point on NASDAQ at the opening price of 1527 with a stop at 760.
                    The bet closed at 1525. at 2008-11-13 19:45:14,You closed this bet
                                                         Show details


            Date/Time                                                Transaction detail                           Value
       2008-11-13 19:45:14                                       close trade - profit/loss                                -2


                                                                                                                       20
Garcia Olivier                                       gnuTrade                                    Commodity trading


       2008-11-13 19:45:14                                             return margin                                   767
       2008-11-13 19:37:26                           place trade - amount moved to margin account                     -767
    2008-11-13 19:36:10         111048             per point trade                                  GOLD                536
              buy 2(GNU) per point on GOLD at the opening price of 719.4 with a stop at 672.4.
                    The bet closed at 746.2. at 2008-11-19 16:22:21,You closed this bet
                                                       Show details


            Date/Time                                                Transaction detail                         Value
       2008-11-19 16:22:21                                      close trade - profit/loss                              536
       2008-11-19 16:22:21                                          return margin                                      940
       2008-11-18 22:15:01                                               rolling fee                                  -28.2
       2008-11-17 22:15:01                                               rolling fee                                  -28.2
       2008-11-14 21:15:04                                            rolling fee                                     -28.2
       2008-11-13 22:15:01                                            rolling fee                                     -28.2
       2008-11-13 19:36:10                          adjust trade - amount moved to margin account                      -940
       2008-11-13 19:36:10                                          return margin                                     877.5
       2008-11-13 15:49:12                          place trade - amount moved to margin account                     -877.5
    2008-11-13 15:49:46         110921             per point trade                                  DOW                  -20
               sell 1(GNU) per point on DOW at the opening price of 8271 with a stop at 9236.
                      The bet closed at 8291. at 2008-11-13 15:52:38,You closed this bet
                                                         Show details


           Date/Time                                               Transaction detail                            Value
       2008-11-13 15:52:38                                      close trade - profit/loss                            -20
       2008-11-13 15:52:38                                           return margin                                     965
       2008-11-13 15:49:46                          adjust trade - amount moved to margin account                     -965
       2008-11-13 15:49:46                                          return margin                                     3483
       2008-11-13 15:46:47                          place trade - amount moved to margin account                     -3483
    2008-11-13 15:41:12         110917             per point trade                                  DOW                 -110
                 buy 2(GNU) per point on DOW at the opening price of 8356 with a stop at 7723.
                       The bet closed at 8301. at 2008-11-13 15:44:18,You closed this bet
                                                         Show details


            Date/Time                                                Transaction detail                          Value
       2008-11-13 15:44:18                                       close trade - profit/loss                            -110
       2008-11-13 15:44:18                                           return margin                                    1266
       2008-11-13 15:41:12                           place trade - amount moved to margin account                    -1266
    2008-11-13 11:34:48        110776             per point trade                                   DAX                 -206
               sell 2(GNU) per point on DAX at the opening price of 4567 with a stop at 4988.
                     The bet closed at 4670. at 2008-11-13 15:44:32,You closed this bet
                                                       Show details


            Date/Time                                                Transaction detail                          Value
       2008-11-13 15:44:32                                       close trade - profit/loss                            -206
       2008-11-13 15:44:32                                           return margin                                     842
       2008-11-13 11:34:48                           place trade - amount moved to margin account                     -842
    2008-11-13 11:32:15        110775              per point trade                               EURO                    -63
           sell 1.5(GNU) per point on EURO at the opening price of 1.2499 with a stop at 1.3188.
                    The bet closed at 1.2541. at 2008-11-13 15:44:59,You closed this bet
                                                        Show details


           Date/Time                                              Transaction detail                            Value
       2008-11-13 15:44:59                                     close trade - profit/loss                                -63
       2008-11-13 15:44:59                                            return margin                               1033.5


                                                                                                                       21
Garcia Olivier                                        gnuTrade                                     Commodity trading


       2008-11-13 11:32:15                          place trade - amount moved to margin account                   -1033.5
    2008-11-13 11:31:42        110773             per point trade                                     CAC                -128
               sell 2(GNU) per point on CAC at the opening price of 3198 with a stop at 3633.
                     The bet closed at 3262. at 2008-11-13 15:45:12,You closed this bet
                                                       Show details


           Date/Time                                                 Transaction detail                            Value
       2008-11-13 15:45:12                                        close trade - profit/loss                           -128
       2008-11-13 15:45:12                                            return margin                                      870
       2008-11-13 11:31:42                            place trade - amount moved to margin account                      -870
    2008-11-13 11:31:20         110772              per point trade                                   FTSE                -55
                 sell 1(GNU) per point on FTSE at the opening price of 4096 with a stop at 4800.
                        The bet closed at 4151. at 2008-11-13 15:45:28,You closed this bet
                                                          Show details


           Date/Time                                                 Transaction detail                            Value
       2008-11-13 15:45:28                                        close trade - profit/loss                            -55
       2008-11-13 15:45:28                                            return margin                                      704
       2008-11-13 11:31:20                            place trade - amount moved to margin account                      -704
    2008-11-11 15:08:33         110037              per point trade                                  GOLD                -118
              buy 2(GNU) per point on GOLD at the opening price of 736.2 with a stop at 669.9.
                    The bet closed at 730.3. at 2008-11-11 15:47:11,You closed this bet
                                                          Show details


            Date/Time                                                 Transaction detail                           Value
       2008-11-11 15:47:11                                        close trade - profit/loss                            -118
       2008-11-11 15:47:11                                            return margin                                    1326
       2008-11-11 15:08:33                            place trade - amount moved to margin account                     -1326
    2008-11-11 15:07:47         110036             per point trade                                    DOW                 -80
               sell 2(GNU) per point on DOW at the opening price of 8625 with a stop at 9374.
                      The bet closed at 8665. at 2008-11-11 15:13:28,You closed this bet
                                                        Show details


            Date/Time                                                 Transaction detail                           Value
       2008-11-11 15:13:28                                        close trade - profit/loss                             -80
       2008-11-11 15:13:28                                            return margin                                    1498
       2008-11-11 15:07:47                            place trade - amount moved to margin account                     -1498
    2008-11-10 16:43:55       109721              per point trade                                    GOLD                -268
              buy 2(GNU) per point on GOLD at the opening price of 746.6 with a stop at 660.
                    The bet closed at 733.2. at 2008-11-11 15:07:09,You closed this bet
                                                       Show details


           Date/Time                                                 Transaction detail                            Value
       2008-11-11 15:07:09                                        close trade - profit/loss                           -268
       2008-11-11 15:07:09                                              return margin                                  1732
       2008-11-10 22:15:01                                                rolling fee                                  -29.2
       2008-11-10 16:43:55                            place trade - amount moved to margin account                     -1732
    2008-11-10 16:30:28        109715              per point trade                                   EURO                 -34
            sell 2(GNU) per point on EURO at the opening price of 1.2791 with a stop at 1.3102.
                    The bet closed at 1.2808. at 2008-11-10 16:32:03,You closed this bet
                                                        Show details


            Date/Time                                                 Transaction detail                           Value
       2008-11-10 16:32:03                                        close trade - profit/loss                              -34


                                                                                                                        22
Garcia Olivier                                      gnuTrade                                     Commodity trading


       2008-11-10 16:32:03                                            return margin                                    622
       2008-11-10 16:30:28                          place trade - amount moved to margin account                      -622
    2008-11-10 14:52:49        109638             per point trade                                   S&P                -118
                 buy 2(GNU) per point on S&P at the opening price of 948 with a stop at 764.
                      The bet closed at 889. at 2008-11-11 15:06:23,You closed this bet
                                                        Show details


            Date/Time                                               Transaction detail                           Value
       2008-11-11 15:06:23                                      close trade - profit/loss                             -118
       2008-11-11 15:06:23                                          return margin                                      368
       2008-11-10 21:00:03                                            rolling fee                                      -3.2
       2008-11-10 14:52:49                          place trade - amount moved to margin account                      -368
    2008-11-10 14:44:14        109632             per point trade                                   S&P                 -16
                 buy 2(GNU) per point on S&P at the opening price of 951 with a stop at 713.
                      The bet closed at 943. at 2008-11-10 14:51:39,You closed this bet
                                                        Show details


           Date/Time                                               Transaction detail                            Value
       2008-11-10 14:51:39                                      close trade - profit/loss                            -16
       2008-11-10 14:51:39                                           return margin                                   476
       2008-11-10 14:44:14                          place trade - amount moved to margin account                      -476
    2008-11-10 14:20:20        109608             per point trade                                  EURO                     62
             sell 1(GNU) per point on EURO at the opening price of 1.2866 with a stop at 1.319.
                    The bet closed at 1.2804. at 2008-11-10 16:29:52,You closed this bet
                                                       Show details


            Date/Time                                               Transaction detail                           Value
       2008-11-10 16:29:52                                      close trade - profit/loss                               62
       2008-11-10 16:29:52                                          return margin                                      324
       2008-11-10 14:20:20                          place trade - amount moved to margin account                      -324
    2008-11-10 12:05:24       109519             per point trade                                    CAC                -12.6
              buy 0.9(GNU) per point on CAC at the opening price of 3594 with a stop at 3300.
                    The bet closed at 3580. at 2008-11-10 12:06:28,You closed this bet
                                                      Show details


            Date/Time                                               Transaction detail                          Value
       2008-11-10 12:06:28                                     close trade - profit/loss                              -12.6
       2008-11-10 12:06:28                                         return margin                                      261.9
       2008-11-10 12:05:24                        adjust trade - amount moved to margin account                      -261.9
       2008-11-10 12:05:24                                         return margin                                       294
       2008-11-10 11:26:31                         place trade - amount moved to margin account                       -294
    2008-11-10 12:05:24       109518              per point trade                                   CAC                 -1.5
              buy 0.1(GNU) per point on CAC at the opening price of 3594 with a stop at 3300.
              The bet closed at 3579. at 2008-11-10 12:05:24,You adjusted the value of the bet
                                                        Show details


           Date/Time                                              Transaction detail                             Value
       2008-11-10 12:05:24                                     close trade - profit/loss                             -1.5
       2008-11-10 12:05:24                                          return margin                                      29.1
       2008-11-10 12:05:24                         adjust trade - amount moved to margin account                      -29.1
       2008-11-10 12:05:24                                         return margin                                       294
       2008-11-10 11:26:31                         place trade - amount moved to margin account                       -294
    2008-11-07 15:20:29        109108             per point trade                                   DOW                -204
              buy 2.4(GNU) per point on DOW at the opening price of 8888 with a stop at 8803.


                                                                                                                       23
Garcia Olivier                                       gnuTrade                                    Commodity trading


                 The bet closed at 8803. at 2008-11-07 16:22:58,The bet reached its stop price
                                                        Show details


            Date/Time                                                Transaction detail                          Value
       2008-11-07 16:22:58                                       close trade - profit/loss                            -204
       2008-11-07 16:22:58                                           return margin                                     204
       2008-11-07 15:20:29                           place trade - amount moved to margin account                     -204
    2008-11-07 10:39:34       108964             per point trade                                    DAX               -100.8
              buy 2.1(GNU) per point on DAX at the opening price of 4882 with a stop at 4834.
               The bet closed at 4834. at 2008-11-07 11:58:05,The bet reached its stop price
                                                      Show details


           Date/Time                                               Transaction detail                           Value
       2008-11-07 11:58:05                                      close trade - profit/loss                        -100.8
       2008-11-07 11:58:05                                          return margin                                     100.8
       2008-11-07 10:39:34                          place trade - amount moved to margin account                     -100.8
    2008-11-07 10:34:03       108963             per point trade                                    CAC                 -42
              buy 2.1(GNU) per point on CAC at the opening price of 3427 with a stop at 3344.
                    The bet closed at 3407. at 2008-11-07 12:24:54,You closed this bet
                                                         Show details


           Date/Time                                               Transaction detail                           Value
       2008-11-07 12:24:54                                      close trade - profit/loss                           -42
       2008-11-07 12:24:54                                           return margin                                    174.3
       2008-11-07 10:34:03                          adjust trade - amount moved to margin account                    -174.3
       2008-11-07 10:34:03                                          return margin                                       79
       2008-11-07 10:17:26                          place trade - amount moved to margin account                       -79
    2008-11-07 10:33:33         108962             per point trade                                  FTSE               -23.1
              buy 2.1(GNU) per point on FTSE at the opening price of 4349 with a stop at 4300.
                     The bet closed at 4338. at 2008-11-07 12:24:32,You closed this bet
                                                         Show details


            Date/Time                                                Transaction detail                         Value
       2008-11-07 12:24:32                                      close trade - profit/loss                            -23.1
       2008-11-07 12:24:32                                          return margin                                    102.9
       2008-11-07 10:33:33                          adjust trade - amount moved to margin account                    -102.9
       2008-11-07 10:33:33                                           return margin                                       42
       2008-11-07 10:17:59                          place trade - amount moved to margin account                       -42
    2008-11-07 09:42:05        108943              per point trade                                  GOLD               -29.4
             buy 2.1(GNU) per point on GOLD at the opening price of 741.1 with a stop at 720.1.
                     The bet closed at 739.7. at 2008-11-07 09:56:13,You closed this bet
                                                        Show details


            Date/Time                                                Transaction detail                          Value
       2008-11-07 09:56:13                                       close trade - profit/loss                            -29.4
       2008-11-07 09:56:13                                           return margin                                     441
       2008-11-07 09:42:05                           place trade - amount moved to margin account                     -441
    2008-11-07 09:39:48        108941             per point trade                               ESTOXX                 -20.9
            sell 1.9(GNU) per point on ESTOXX at the opening price of 2226 with a stop at 2363.
                     The bet closed at 2237. at 2008-11-07 09:56:02,You closed this bet
                                                       Show details


           Date/Time                                               Transaction detail                           Value
       2008-11-07 09:56:02                                      close trade - profit/loss                          -20.9


                                                                                                                       24
Garcia Olivier                                      gnuTrade                                      Commodity trading


       2008-11-07 09:56:02                                            return margin                                   260.3
       2008-11-07 09:39:48                         place trade - amount moved to margin account                       -260.3
    2008-11-07 09:34:14        108938             per point trade                                   EURO                 -48
               buy 2(GNU) per point on EURO at the opening price of 1.285 with a stop at 1.28.
                    The bet closed at 1.2826. at 2008-11-07 09:35:35,You closed this bet
                                                       Show details


             Date/Time                                              Transaction detail                            Value
        2008-11-07 09:35:35                                      close trade - profit/loss                              -48
        2008-11-07 09:35:35                                          return margin                                      100
        2008-11-07 09:34:14                         place trade - amount moved to margin account                       -100
    2008-11-07 09:31:09       108937             per point trade                                     FTSE                -24
              buy 2(GNU) per point on FTSE at the opening price of 4324 with a stop at 4234.
                    The bet closed at 4312. at 2008-11-07 09:35:21,You closed this bet
                                                      Show details


             Date/Time                                              Transaction detail                            Value
        2008-11-07 09:35:21                                     close trade - profit/loss                               -24
        2008-11-07 09:35:21                                         return margin                                       180
        2008-11-07 09:31:09                         place trade - amount moved to margin account                       -180
    2008-11-10 14:17:41         49694                 basic bet                                      OIL                     35
You bet 50(GNU) that the OIL will be higher than 61.22 at 2008-11-10 14:22:49.The closing price was 61.42 You
                                                 won this bet.
                                                         Show details


            Date/Time                                               Transaction detail                            Value
       2008-11-10 14:22:54                                   close basic bet - profit/loss                               85
       2008-11-10 14:17:51                       place basic bet - amount moved to margin account                       -50
    2008-11-10 11:28:00         49685                basic bet                                     BUND10                -50
             You bet 50(GNU) that the BUND10 will be lower than 96.18 at 2008-11-10 11:33:07.
                               The closing price was 96.18 You lost this bet.
                                                        Show details


            Date/Time                                               Transaction detail                            Value
       2008-11-10 11:33:12                                   close basic bet - profit/loss                                0
       2008-11-10 11:28:08                       place basic bet - amount moved to margin account                       -50
    2008-11-10 11:27:38         49684               basic bet                                     CAC                        35
You bet 50(GNU) that the CAC will be higher than 3596 at 2008-11-10 11:32:43.The closing price was 3598 You
                                                won this bet.
                                                        Show details


            Date/Time                                               Transaction detail                            Value
       2008-11-10 11:32:48                                   close basic bet - profit/loss                               85
       2008-11-10 11:27:45                       place basic bet - amount moved to margin account                       -50
    2008-11-10 14:35:11         2333                         backing bet                             pippo            closed
                    You placed a backing bet of 2(GNU) on pippo at 2008-11-10 14:35:11,
                                 the bet became live at 2008-11-11 00:30:03,
                         the bet closed at 2008-11-12 00:30:12 with a change of 0 %
                  Date/Time                                              Transaction detail                     Value
              2008-11-12 00:30:12                                    return backing bet reserve                              2
              2008-11-10 14:35:11                                        place backing bet                                -2




                                                                                                                        25

				
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posted:8/15/2011
language:English
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