Managed Forex Accounts

Devrim did end the month with a small profit at PFG. 2X DEV account is up 0.91%. The account balance is actually slightly lower than that of last month end, simply because the April performance fee taken out is more than the profit this month. Nonetheless, it is another positive month, his twentieth in a row. I should mention that he was a bit more conservative at his own firm this month in terms of intra-month volatility and position size, and actually is carrying about 5% loss into June in the medium risk group. So depending on how you look at it (which broker), his winning streak can be considered ended too.

QFX trader came back from vacation and made a trade on Friday, a 1% loss in the base account. The base leverage account ended the month up 5.8%. We started 2X and 3X live tracking accounts on May 14, and they are up 2.55% and 3.82% respectively.

WON only traded lightly in the latter part of May because he moved to a new place. Trading activity should pick up some starting next week. The account made 14.52% profit in May, an exceptional month given the low leverage used. The target return is about 5% monthly. Holding couple of small open positions currently, down 0.6% on them.

I revoked POA on 007 after it had a good trade on Wednesday. What made me gave up on it is not the absolute magnitude of drawdown, but the fact that I don't see an upward trend of the equity curve (Jan 23 - May 29).

Quite a few traders on the radar screen, will see how things develop.

Labels: 007, devrim, forex managed account, managed forex accounts, QFX, WON