Weekend
By admin • Apr 4th, 2008 • Category: 007, Armada, Bankedge, BlendedFX, Devrim, ForexMx, PR Program, Paskewitz, SPCMReady for the weekend. Been a great week all in all, but still ready for a break. Had a bunch of good deals happen and had fun with the folks I’m working with. Important. Got some good ventures plugging along, new ones in the works. SPCM managers making money in their regular strategy, though SPCM not quite ready for us yet - ideally next week, that’d be great. Saw some encouraging trading from Devrim, as usual. He had positions go against him and lightened the load, not just doubling down repeatedly, great to see. Also seems like he had a very nice recovery today, up 3 or 4% if I’m reading it right (**correction - I wasn’t reading it right - still down around 5% from his peak). Great to watch even though I am a wuss when it comes to drawdowns. Remember he’s had a 17%+ drawdown in the past, and it is not our of the realm of possibility that could happen again, or more. ForexMx still struggling, spoke with the trader last night, he just says it’s tough out there and that’s that. Fair enough. Emailed with Bankedge, still down a bit, not doing much, looking for a big AUD move, still waiting for it. Blended up some on the month now, flattish for the year but have gone positive, I’m acutally impressed with that, they’ve held steady through the chaos and now are peeking up. Glad to see some success there. PR Program looking at getting going, Gain seems to be the initial broker as he’s already familiar with the platform, after some success we’ll add some other brokerages. He’s begun trading his account since being back from his honeymoon, he’s going to be sending me daily updates so we can see how he’s doing. To get an account going go under the “Invest” link and scroll down to the Gain link. Other paperwork to follow, but if you want to get ahead of the game a bit you can. Paskewitz closed out another profitable quarter, well done. Getting some auto equity strategies going with a team soon it looks like. Need an update on 007 if anybody has one? Armada haven’t heard on them.
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As of close of trading Friday, April 4, Devrim is down 8.6% from the end of March, in my 2x leverage account at PFG. I’m not sure where you are seeing a 3-4% gain?
Are you sure that 2x is down 8,6%? My 3x account at PFG is down about 30 (thirty!) percent since the end of march.
Yes you guys are right - I’m still off about 5% in my account at 1x as of close of trading Friday, PFG gives bad data once in a while on the live login which is what I was looking at. It is showing bad quotes on the GBP right now too so live login P/L is wrong I believe.
Drawdown on Devrim 2x account is now at 5.32% (at 9:08 p.m., EST, Sunday evening, April 6), using accurate real-time curency quotes. The PFG reporting is horribly unreliable/inaccurate/inconsistent. It shows a drawdown of over 21% in my 2x account right now, but that’s only because the curency quotes are nowhere close to accurate.