Back in Action
By admin • Jul 28th, 2008 • Category: 007, Devrim, HVB, IanBack from my sailing trips. We placed well in the race and had a great time on the cruising in the North Channel.
Looks like Devrim has recovered losses this month. A ways to go but seems he is back. I finally got him on the phone today. He is as confident in his system as ever, telling me the markets have done things never seen before by him or Soros. Anyways good conversation and sounds like all is well on his end, trading will tell, good week last week it looks like. He reminded me how many months he made money in a row.
007 I hear is about flat on the month. Rove off 3% since starting for me.
Got a new trader that has done 3-6% per month for a friend the last 3 or 4 months on a million dollar allocation, we’re working to get him to PFG and Saxo and allocate to him, George is his name.
HVB had a great week last week, been a while of flatness for him, since about May. Seems they always do well during earnings season, they scale up and down in their trading size depending on the market, they added some size last week and continued to do so today.
Several new traders in the pipeline, I’ll let you know as we test them and do more research.
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Hate to be such a downer but take this as a dead cat bounce if Devrim is up a little and GET OUT. This guy is a blow up waiting to happen. Again, trust me. I have been there and done that and seen enought “Devrim” type traders. And guess what. 100% of them are out of the game or trying to start over from scratch. Just my 2 cents. Look for 15-20% a year with 5-8% max DD. Dont go for the stars because the time will come when you get wacked and all the reaping takes a 180 turn into a lot of weeping.