SMR Commodity Direct
Ranges and Symbols

1. Results are based on a single contract trade.
2. The Total does not include the cost for initialing trades(Commission), but does include actual fill prices(Slippage).
3. Current SMR Direct Commodity Service performance is no guarantee of future profits.
4. (@) Indicates a gap up / down opening which opened the trade.
5. (&) Indicates a gap up / down opening which closed out the trade.
6. (#) Indicates a trade that was Entered above / below our Entry price.(+/-Slippage)
7. (%) Indicates a trade that was Exited above / below our Stop Loss price.(+/-Slippage)
8. ($) Indicates a trade that was Exited above / below the Take Profit price.(+/-Slippage)
9. (+) Indicates a recommended change of stop to break-even.
10. (~) Indicates a recommended exit from a trade - with either a profit or loss.
11. (S.O.) Indicates that this trade is Still Open.

Due to the ever-changing characteristics(volatility, liquidity) of Commodity Markets SMR does not have set Stop and Take Ranges. Our trades are Short to Intermediate Term Trades(1 to 10 days normally). When we examine a good trading opportunity we balance risk versus reward. We look at where we would have to place a safe Stop and if it looks like we can get at least 1 to 1 1/2 times that much out of the trade. If the Stop would require more then around $750 we don't take it for the track record, but we will tell those interested what opportunities we see. Our Risk lies between $250 and $750 averaging around $300. Our Reward lies between $300 and $900 averaging around $400. We monitor the trades very closely and when ever possible we lower the risk. As a customer we encourage you to call and talk to us if you have one of our trades on and have any questions at all.