Managed Forex Accounts

DEV got hit big last couple of days. It was down over 16% from the peak according to yesterday's statement (at 2X), ouch. I am anxious to see what the trader did after yesterday's NY close, but the online viewer won't update the trades until late afternoon so the draw down might be larger or smaller today. This is especially painful for the new accounts that did not benefit from previous gains and got hit right away. I have seen open draw downs from him up to 15% before, he was able to recover fairly quickly. We will see how he manages this one. I have lowered my expectation this month to end with a small draw down or break even. This serves as another reminder that trading involves real risks, even for a trader with an amazingly consistent track record.

My SEN account was up 7.2% as of yesterday's close, up to 10% now with floating profit, wow. I am very impressed to say the least.

AKM is down again to new low. He has been out of sync with the market much of this year, period.

My account for the new trader is opened, will be funding it soon.