Devrim extends streak
By admin • May 30th, 2008 • Category: Devrim, TritonYes he did have a big swing (nobody likes a drawdown - and Devrim has plenty of them) in the middle, that’s true. Also, yes, smaller than his goal of 2% net by a bunch, but still he made us money, so that’s good, and he extends the streak. Well done Devrim. (I may be jumping the gun here - but with only an hour of trading left I think we can say it’s done). He does take on a bunch of risk which is scary if it gets out of hand, but has held it in check to this point.
Triton had the down day we were looking for! Ha - good or bad, sort of both, and as I said there will be plenty of these, on balance I think we’ll see an uptrending equity curve. He was still up a good bit on the week and the month, so all good. At the bottom of this post you can see his commentary on the day’s trading, interesting reading.
MWC had some issues that cost them some money this month on a hot new platform they were the first to be on. Off a few percent on the month as a rough guesstimate. One trader is out for surgery and they are bringing a new one on. Little turbulence there.
007 with a three day winning streak - not sure where that puts them on the month but much better than they were last week.
Have a great weekend!
Triton:
Be careful what you wish for you might just get it…. Seriously though that is just the way trading is. We have had a good run this week and Friday sees a few losses with one trade still open and some small profits locked in which will reduce the overall loss for the day… thinking positive Triton up on the week and up on the month.
>
>
>
> The result for today’s trading including previous trades that rolled over. Also keep in mind that I am reporting the “position” and not what you will see on the reports due to the way brokers execute trades and as previously stated some of the profit will already be booked on the accounts.
>
>
>
> GBPJPY
>
> Rollover trade from Wednesday
>
> 4/6th position +25
>
> 1/6th position +100 closed last night
>
> 1/6th position +40 closed today
>
> Thursdays re-entry trade
>
> 4/6th position +16
>
> 1/6th position +40 (swing trade closed)
>
> 1/6th position +100 locked in and closed last night
>
> Friday new trade – overall break even position
>
> 4/6th position +20
>
> 1/6th position -40
>
> 1/6th position -40
>
> EURJPY
>
> Friday new trade
>
> 6/6th -30
>
> GBPCHF
>
> Rollover trade from Wednesday
>
> 4/6th position +25
>
> 1/6th position +175
>
> 1/6th position +340 closed today
>
>
>
> Thursdays trade
>
> 4/6th position +20
>
> 1/6th position +75
>
> 1/6th position +100 closed today
>
> Fridays new trade
>
> 6/6th position -25
>
> New trade
>
> 6/6th position -30
>
> New trade
>
> 6/6th position -30
>
> New trade
>
> 4/6th position +20
>
> 1/6th position 0 locked in, open
>
> 1/6th position +25 locked in and open, will look to close these trades later in the evening
>
>
>
> I know all that is a bit of a mouth full and I’m sure I’ve got all the trades taken reported correctly and as stated above I’ reporting the positions Ive taken not just the trades taken. Certainly a mixed bag of trading for today and I would say this type of action is quite typical of a day when trades set up and fizzle out so should give you a good idea of risk that is taken and how the positions are managed.
>
>
>
> Its been a long slow and dull day and even though I have seen some good movements and Action on the pairs I’m actively trading this week I still think that there is a lot more potential for movement across the full range of pairs that I look at and certainly the best action has been on some of the less commonly traded cross rates for a while now.
>
>
>
> Anyway we end the week on a slightly sour note but the day is not over just yet and I expect to manage this last trade for the next few hours and hopefully do some damage recovery for the day.
>
>
>
> The week and the month has been pretty good from a performance point of view so lets focus on that going into the month end… the bottom line is we made a profit.
To learn more about investing with managed accounts, CONTACT US.
Yes, you did jump the gun on Devrim - he did not extend his winning streak to 20 months. In the final hour of trading on Friday, he kept waiting for the AUD/USD pair to drop, but it kept going against him right up until the final minute of trading. He closed out all remaining open AUD/USD positions at a loss right at the close, bringing the month of May to a close at a loss of .68%. He had an opportunity to close the AUD/USD position earlier in the afternoon for a nice profit (and a .8% gross profit on the month for May), but I think he got greedy. Long-term, he’s still making me money. I just have not figured out why the performance over the past six months is sharply lower than the previous year’s performance.
My Opinion Regarding results—-prior to September 2007 the results shown were at another brokerage house and not excluding commissions. All results after September 2007 were produced at PFG net of all fees. Also since that time the trader expanded his trading to 2 or 3 other brokerage houses and trades at least 10 to 15 different pools of funds. It will be hard for the trader to grow to other brokerage houses and maintain economies of scale….again this is my opinion
My 3x Devrim account made 1.26% in May.
All righty - some conflicting results - Let’s see what PFG has to say tomorrow - hope I’m not mistaken on Devrim being up on the month but wouldn’t be the first time (nor the last I suspect) I’ve been wrong.
Agree with you Will, and bummer his numbers have fallen off. Seems to often happen as successful managers take on funds.
[…] Streak