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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Clay M who wrote (15624)	2/17/1999 8:49:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Hi Clay, you are right that Inger has been remarkably successful in his trades -- at least the ones that I am aware of. I think that you did say he gets whip-sawed a lot. >>Hope you have better luck tomorrow than the last few days. Does not look like a good start based on how the futures are acting Actually, things turned down for me right after I posted how great things had been going for me -- so in future I'll keep my mouth shut!!:) To give you an idea of how severe a draw-down I have experienced, at the point when things were at a high about a week ago, the equity in my account was up over 60% since the start of the year -- that was about a week ago; as of this morning, I am down about 2% since the start of the year!! Now the money management approach that I use does have involve trading more contracts as my equity increases and less as it decreases -- so that explains the huge swings that can occur. The yen trade is what minimized the damage -- hence the value of diversification. Hopefully, things will turn sooner rather than later