QQQ Trades Since 1/2002

Date

Buy/Cover

Sell/Go Short

Profit/(Loss)

%Long

%Short

$10,000

$10,000

Date

Buy/Cover

Sell/Go Short

Profit/(Loss)

%Long

%Short

$10,000

$10,000

Profit/Loss

Profit/Loss

Traded

Buy and Hold

1/3/2002

40.3

$0.00

0.00%

0.00%

$10,000.00

$10,000.00

2/15/2002

36.82

$3.48

8.64%

$10,863.52

3/21/2002

36.15

($0.67)

-1.82%

$10,665.84

$8,970.22

5/15/2002

32.08

$4.07

11.26%

$11,866.67

6/3/2002

30.08

($2.00)

-6.23%

$11,126.86

$7,464.02

7/31/2002

24

$6.08

20.21%

$13,375.90

8/28/2002

24.02

$0.02

0.08%

$13,387.05

$5,960.30

10/14/2002

21.87

$2.15

8.95%

$14,585.31

11/11/2002

24.95

$3.08

14.08%

$16,639.39

$6,191.07

11/21/2002

26.93

($1.98)

-7.94%

$15,318.91

12/6/2002

25.81

($1.12)

-4.16%

$14,681.80

$6,404.47

1/3/2003

25.71

$0.10

0.39%

$14,738.69

1/17/2003

25.79

$0.08

0.31%

$14,784.55

$6,399.50

2/19/2003

25.2

$0.59

2.29%

$15,122.78

3/31/2003

25.6

$0.40

1.59%

$15,362.82

$6,352.36

4/3/2003

26.64

($1.04)

-4.06%

$14,738.71

7/18/2003

$31.40

$4.76

17.87%

$17,372.20

$7,791.56

7/24/2003

$31.85

($0.45)

-1.43%

$17,123.23

7/31/2003

$31.79

($0.06)

-0.19%

$17,090.98

$7,888.34

8/12/2003

$30.57

$1.22

3.84%

$17,746.87

9/23/2003

$33.97

$3.40

11.12%

$19,720.68

$8,429.28

10/3/2003

$33.85

$0.12

0.35%

$19,790.35

10/21/2003

$35.14

$1.29

3.81%

$20,544.54

$8,719.60

10/30/2003

$35.81

($0.67)

-1.91%

$20,152.83

11/11/2003

$35.14

($0.67)

-1.87%

$19,775.77

$8,719.60

11/25/2003

$35.29

($0.15)

-0.43%

$19,691.36

12/9/2003

$35.45

$0.16

0.45%

$19,780.64

$8,796.53

12/22/2003

$35.35

$0.10

0.28%

$19,836.43

1/22/2004

$38.55

$3.20

9.05%

$21,632.09

$9,565.76

3/25/2004

$34.65

$3.90

10.12%

$23,820.56

4/28/2004

$36.71

$2.06

5.95%

$25,236.73

$9,109.18

5/21/2004

$35.02

$1.69

4.60%

$26,398.54

7/2/2004

$37.04

$2.02

5.77%

$27,921.24

$9,191.07

7/28/2004

$34.41

$2.63

7.10%

$29,903.77

8/4/2004

$34.15

($0.26)

-0.76%

$29,677.82

$8,473.95

8/19/2004

$33.73

$0.42

1.23%

$30,042.82

9/23/2004

$34.98

$1.25

3.71%

$31,156.17

$8,679.90

10/4/2004

$36.36

($1.38)

-3.95%

$29,927.03

10/12/2004

$35.43

($0.93)

-2.56%

$29,161.57

$8,791.56

10/28/2004

$36.85

($1.42)

-4.01%

$27,992.80

11/18/2004

$38.90

$2.05

5.56%

$29,550.06

$9,652.61

11/22/2004

$38.70

$0.20

0.51%

$29,701.99

12/9/2004

$39.30

$0.60

1.55%

$30,162.49

$9,751.86

Total Profit Long

63.32%

Trading Profit

Total Profit Short

56.05%

201.62%

Trading results posted are based on the trading instructions provided and, as such, must be classified as hypothetical trades.  Actual results may vary.

REQUIRED DISCLAIMER-HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. SIMULATED RESULTS DO NOT NECESSARILY IMPLY FUTURE PROFITS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION."