Ian Statements

Forex Risk Disclosure Statement

Forex (FX) trading carries a high level of risk and is not suitable for all investors. Forex can be traded with a high degree of leverage, which can work for you as well as against you, and it is possible to loss more than you invest. You should only invest funds that you can afford to lose and do not need to support yourself or your family. You should carefully consider all risks involved with forex trading as well as your financial situation, investment objectives, and risk tolerance before investing. Forex is traded over-the-counter (OTC) and not on a regulated Exchange.
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By admin • May 16th, 2008 • Category: 007, Devrim, HVB, Ian, Mcelhaney

Ian brought trading statements down today - I’m a believer. Will be getting another account opened for him at ADM soon that he can trade, will be clean and funded and start with reasonable leverage. We had a talk and he is going to trade his style, no pressure or interference from me, no changing - he’ll trade and I’ll watch and the leverage is low so all good. We’ll see but I’m pretty upbeat on it. Also, the two original trades he took he’d still be in - and in fact was in but I asked him to get flat yesterday - both took off today - we’d have recovered our small losses and then some - duh. Doing a platform switch so he can trade smaller lots.

Triton ends the week up a bit, good to see, choppy week, but I’m pleased. He did what he said he would do, which is always impressive and rare.

Devrim gave back his 2% and then some, bummer to see that happen. Still a couple weeks to go in the month so no worries at the moment.

Auto trades in equities flat to maybe even down on the week, off today 1% or so.

Getting the Mcelhannon accounts going so will have visibility there, as well as daily on 007 and MWC soon. We’ll see what transpires.

Weather is absolutely gorgeous here in Chicago today, got my sailing pass, so will be out this weekend. Tough to be working right now. Have a great weekend all.

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