ICT or International Currency Traders has managed to lose near 100% of my friend’s clients’ capital I am told, I didn’t speak with him about it until they were already invested. ICT lost a good bit of money they were trading for me a few years back.
On that note we are consulting with that particular IB on Forex […]
Nuttiness in the markets with Bear Stearns and others, MF Global rumors too?? Wow.
Heard from a handful of guys today, Swanson hurt, back to flat on the week after a strong monday. Devrim on the sidelines. Armada live now and trading, made money its first day, Friday. ForexMx recovery, andwe now have visibility to his […]
Looks like another good day for HVB though the day isn’t finished. Devrim flat, Alderon finishes up a bit on the month. Zone up 1.5% net on the month. K-3 drops a bit more than they were up yesterday - the volatility is so much higher with them than it was, bummer to see them give […]
In the markets - 75 point emergency fed rate cut? Don’t know what happened for most of the managers today, we’ll find out on the runs tomorrow. The guys I can look ahead are Devrim who took off some of his positions at PFG for a loser - was glad to see that actually - shows […]
K-3 up strong for the fourth day in a row. Great to see, impressive off their worst drawdown, good buy for anybody who had the courage to get in down there. Blended is doing fine, slow and steady to the upside. Bankedge haven’t heard from in a couple days. Chatted with Seymour for a while […]
ForexMx is now up 38% for January, trading one prop account so numbers are verifiable. $250k min can be underfunded/notionally funded if need be. He does whip around some on the dailies, monthly resolution smoothes it out. Dailies for this month aren’t very whippy - up up up it looks like. Some days last year he […]
SPCM/Seymour still looking good, figuring out a deal with them. Far more professional than most of the guys we’re used to working with. A real business. Stayed in the Four Seasons when he was here, top notch everything. Up 2%+ already this month, looks like a good year. Million min but working it out where […]
What is the perfect manager? If I could have everything I asked for in a manager, they would:
1. Have very low drawdowns relative to their annual performance. 3:1, 4:1, 6:1 or better.
2. Strict risk control. Place exit stops every time they place a trade. Do not add to losers. Have daily or weekly risk control […]
Dr. Jason makes for a good story. A friend had some money with him through December and had done well. Supposedly Dr. Jason rarely holds through the weekend and had told me a 5-10% drawdown was cause for concern. Apparently he held a 30% loser into the weekend, it opened at 50% down, and after clients […]
Sentiment was hurt, off a good bit, more than I’ve seen before. Algorithmic’s been doing well, was up 10% a few days ago. Getting a few accounts started with Bankedge, he hasn’t done much if any trading this year nor much during the thin holiday season. Looking forward to watching him. Devrim also not trading […]
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