PFG Conference in AZ

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By admin • Jan 15th, 2008 • Category: Algorithmic, Bankedge, BlendedFX, Devrim, Echelon, HVB, K-3, Mcelhaney, Sentiment

Had a good time at the PFG conference in Arizona. Met some good folks, ate some great food, saw some old friends, and made some new friends. Got a few ideas on new traders. One is a fellow from Jamaica doing 10% a month the last 4 years - ponzi scheme? Sounded like it, though later met a fellow whose mom had told him about the program and has pulled her capital out twice and still was doing well. Who knows, I’ll keep looking into it. Fellow claims it’s real that I spoke with. Formed a great relationship with a Jamaican group who flew in to meet with me. Also got to meet some blog readers, which was fun.

Sentiment off a bit, K-3 recovered yesterday though still hovering arund new lows. Devrim rocking and rolling like we’re getting used to. Algorithmic off after making new highs a few days ago. Spoke with the Bankedge guys just now, they had a good December and have been sitting out for the most part this month. I like them. Blended is doing well this month and bringing in a steady flow of new capital. Echelon up 7 or 8% on the month, doing great, we’ll see how he does with some more significant capital. HVB I’m liking as always, no trades the last few days. Mcelhannon - met him at lunch Saturday. He is off 40% in ten days or so for a client - what the…? Working to see if it’s a mistake but he isn’t being very helpful.

Had a couple solid attempts on Mt Humphrey Sunday and Monday, Sunday turned back by a storm, Monday we ran out of time, had to turn back within about 45 minutes of the summit, was really bummed, we were on the most beautiful ridgeline with snow and wind and ice, stretching off into the distance, having worked six hard hours through sometimes thigh deep snow and steep icy hardpack to get there. Had plenty of power left. The turnaround the previous day draws an interesting parallel to trading. Always better to be safe - the mountain will be there. Similar to trading, best to preserve and live to trade/climb another day. And Monday - without risk, nothing worthwhile is achieved.

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