Down Down excepting Devrim
By admin • Dec 14th, 2007 • Category: BlendedFX, Devrim, Econophysics, Elite, HVB, K-3, Mcelhaney, Sentiment, Seymour, Stop Finder, ZoneGuys hurt today, rough month for a lot of them. K-3 to fresh new lows - off almost 20% peak to valley. Sentiment off too, 4% off its highs now. Elite off giving back yesterday’s gains. We have a very small account watching them. They did get a large allocation recently. Blended FX off a couple percent, Stopfinder down, Zone down. Lots of volatility in the markets lately, seems to be throwing these guys’ systems off. I hear Econophysics’ futures program has also been struggling.
However we have a couple bright spots - HVB up a bit. And Devrim - no excuses from him about poor market conditions, he continues to pull money out of the markets. I’m impressed. Has made money every month so far at PFG.
Seymour coming in from London to meet with us next week, looking forward to that. Million minimum, excellent traders with great pedigrees.
Sazer is starting his track record fresh and focusing on it - he showed his trading methodology to me the other day, looks good and he’s been doing well with it for about a month and a half now. Will keep watching.
Wanting to get some money with Mcelhaney, he’s up 86% in nine months of trading, 15% drawdown or so.
I’m down in Atlanta trading with the black box/gray box firm I work with that does so well, making money every day. Christmas party tonight should be a good time.
To learn more about investing with managed accounts, CONTACT US.
Sentiment Aggressive is off at least 10.3% from its highs, not a mere 4% as you mention in your Dec. 14 post. My account is down 10.3% since opening on November 29.
Hm - the numbers I show are off about 4% on Sentiment, on Sentiment Aggressive off a little over 8%. I wonder what the discrepancy is. I’ve gone back through my spreadsheets and recalculated it every which way. I do run it off an NAV and I did it on only my liquidating values. I think our major discrepancy is Sentiment vs Aggressive.
Here is my up-to-the-minute data on Sentiment Aggressive (I am in Sentiment, 2x leverage):
Account funded, trading initiated on evening of November 29, 2007 with $7,500. Current account balance is $6,733.17 (including -$34.17 floating trade loss). That is a drawdown of $766.83, or 10.22%. The loss was just over 10.3% when I posted on 12-15-07 at 7:49 p.m., EST. Since my account is less than a month old, I have not taken into the account the monthly management fee, and since no profits have been earned yet, no 20% deduction would apply. Obviously, my account is a perfect example of Murphy’s Law: it began trading at exactly the all-time high NAV, and the fund has been declining steadily ever since. I see where it performed just like this at the end of September going into October before rebounding. No one else would have an equity drawdown this steep unless they also began trading at exactly the same day/time that I did. You and I are not off by much - double your “down 4% from peak” and you’re at 8%, whereas I showed just over 10.3% last Friday.
I’m also in Dev, thankfully, since that is helping to offset the losses in Sentiment Aggressive.
One week later, and Sentiment Aggressive has clawed its way back to being down 4.0% from account opening. It was down over 10.5% one week ago.