Devrim down down

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By admin • Jun 7th, 2008 • Category: Devrim, HVB, Ian

Arg. Not feeling too well after Friday’s big drawdown on my Devrim accounts. Looks like b and Robert were right, so much risk. We’ve been in a similar situations before but not as bad. I think we’re showing what, 20% down or something with a bunch still on. I usually drop guys when they exceed their max drawdowns, but with so much experience with Devrim and his style and making good on these drops, and barely exceeding his worst. Will definitely drop the leverage down when he comes back, and may drop it before. Undecided. Probably some more heat to be taken too.

So hard to find solid reliable consistently profitable traders that are scalable and willing to manage money for others and will take small test accounts and share fees - I suppose that is a lot to ask for. Got my friend with a manager making money most every day he tells me, but high minimums there, no fee sharing and a fund structure. HVB is actually pretty solid to date. Triton - hope he has a good week, and Ian would be great if he proves out, excited for his next trades. Got him an account going at Saxo and Citi in the works for him, also doing a company with him. So still guys in the pipeline. Plus the Managed Forex Pro guys, Won and QFXMA, we’ll see how those do.

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One Response »

Adrian on June 9th, 2008 at 3:46 pm:
My 3x PFG Devrim account is down about 9% now - that’s about 3% for the regular account - another unbelievable rebound? Let’s hope so