Devrim to new highs

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By admin • Apr 20th, 2008 • Category: Devrim, ForexMx, Uncategorized

Devrim to new highs on the month, up a few percent, flat position-wise now. Spoke to him Friday, he’s probably done trading for the month unless he sees a really nice setup. He’s off for a well-deserved vacation later next week. Had a quick meeting with the PFG guys and chatted about Devrim’s trading, they tell me (and Devrim’s told me this too) he puts on a core position, and then trades around it, so he’ll stay short the Euro for example, but will constantly be adding and subtracting from his position, ideally continually pulling money out of the market even as it moves against him on a macro scale, on a micro scale he keeps trading. Seems to work quite well.

ForexMx we’re shutting down, performance just wasn’t there. Off about 10% now after about six weeks, just wasn’t in line with what we expected to see, plus any new clients are getting charged an extra pip, which will make it very hard for the trader to make money for the clients. Which is key, imho.

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