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First unit starting account size 50000 account risk

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First UnitStarting account size: $50,000.Account risk of 2%, or $1,000 per signal.Long signal generated in live cattle at 74.00.1N value is 0.80, 1 point in live cattle is $400, so the dollar value of1N is $320.2N value is 1.60, dollar value of $640.Contracts to trade: $1,000/6401.56 rounded down to 1.0.Add the next position at 1N, or 74.000.8074.80.Stop setting is 74.001.6072.40.Table 5.10: Purchase First Unit of Live Cattle at $74.00.No.Risk toUnitEntryContractsStopProfit/LossOriginal Equity174.00172.40$0.00$640 (1.28% oforiginal equity)TurtleTraderTheRules
89Addition of Second UnitAccount value is now $50,320 ($50,000unit one gain of $320).Account risk of 2%, or $1,006.40.Second position added at 74.80.1N value remains 0.80, or $320.2N value remains 1.60, or $640.Contracts to trade $1,006.40/$6401.57, rounded down to 1.0.Add the next unit at 1N, or 74.800.8075.60.Stop setting on both positions is 74.801.6073.20.Table 5.11: Purchase Second Unit of Live Cattle at $74.80.No.Risk toUnitEntryContractsStopProfit/LossOriginal Equity174.00173.20$320.00$3200.64%274.80173.20$0.00$6401.28%Total2$320.00$9601.92%Addition of Third UnitAccount value is now $50,960 ($50,000unit one gain of$640unit two gain of $320).Account risk of 2% or $1,019.20.Third position added at 75.60.1N value decreased to 0.70, or $280.2N value decreased to 1.40, or $560.Contracts to trade $1,019.20/$5601.82 rounded down to 1.0.Add the next unit at 1N, or 75.600.70 = 76.30.Stop setting on all units is 75.601.40 = 74.20.TurtleTraderTheRules
90Table 5.12: Purchase Third Unit of Live Cattle at $75.60.No.Risk toUnitEntryContractsStopProfit/LossOriginal Equity174.00174.20$640.00$0.000%274.80174.20$320.00$240.48%375.60174.20$0.00$5601.12%Total3$960.00$8001.60%Addition of Fourth UnitAccount value is now $51,800 ($50,000unit one gain of$920unit two gain of $600unit three gain of $280).Account risk of 2%, or $1,036.00.Fourth unit added at 76.30.1N value remained 0.70, or $280.2N value remained at 1.40, or $560.Contracts to trade $1,036.00/$5601.85 rounded down to 1.00.Add the next unit at 1N, or 76.300.7077.00.Stop setting on all units is 76.301.4074.90.Table 5.13: Purchase Fourth Unit of Live Cattle at $76.30.No.Risk toUnitEntryContractsStopProfit/LossOriginal Equity174.001274.801375.601476.301Total474.90$920.00$0.000%74.90$600.00$0.000%74.90$280.00$280.56%74.90$0.00$5601.12%$1,800.00$8401.68%TurtleTraderTheRules
91Addition of Fifth and Final UnitAccount value is now $52,920 ($50,000unit one gain of$1,200unit two gain of $880unit three gain of $560unitfour gain of $280).Account risk of 2%, or $1,058.40.Fourth unit added at 77.00.1N value increased to 0.85, or $340.00.2N value increased to 1.70, or $680.00.Contracts to trade $1,058.40/$6801.55, rounded down to 1.00.Stop setting on all units is 77.001.7075.30.Table 5.14: Purchase Fifth Unit of Live Cattle at $77.00.No.Risk toUnitEntryContractsStopProfit/LossOriginal Equity174.00175.30$1,200.00$0.000%274.80175.30$880.00$0.000%375.60175.30$560.00$120.24%476.30175.30$280.00$400.80%577.00175.30$0.00$6801.36%Total5$2,920.00$1,2002.4%Turtle stops were adjusted to break even with each 1N marketmove up.TurtleTraderTheRules
92Position ExitLive cattle rallies to 84.50 and their exit criteria are met.

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Term
Fall
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Chicago Board of Trade, Jim Cramer, Mad Money

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