Quote:
Originally Posted by JoseLeon
Many traders trade only with the margin and although they have got a bad drawdown they can recover easily if they are proffesionals with their job, for example making hedging to recover the negative positions and closing the positions when they see a good opportunity, and finally they get a good result.
Yes, it would be better if they donīt trade like that because they lose margin and it consumes more time and effort to recover, but leaving that account with those losses when they have a good history in trading means that you are accepting these losses and donīt letting them to recover them. This is a long term trading. It doesnīt mean that you will lose all your funds.
Itīs only my opinion.
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Yes Jose. I am well aware of the fact that GalleonFX's managed account - or any forex managed account - is a long term investment. I guess my initial reaction was one of pure risk avoidance. I may get back into galleonfx a few days from now. Whatever happens happens. If anything this will at least prove to me and to everyone else that they can indeed perform. If they manage to blow my account away (only 60% left of original deposit) then they monumentally suck. We shall see.
On the flip side my FXCM Sentiment Fund is kicking ass and manged to recover from its drawdown with grace. Just a tiny bit more and I'll be back to even.