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MFPP Program
Feb,08,2008 News:
Swift recovery of Sentiment
Sentiment Funds recovered all the draw down in the month in the last two days, pretty amazing. It is about break even for January.
We talked to the broker about the fund and learned some interesting facts.
It is an automated system, but there is a trader watching the live accounts around the clock.
There is no build-in hard stop in the system, but the human trader can make discretionary decision to pull the plug if necessary.
The market has been especially volatile this month. We were told that the drawdown experienced by the accounts was still within the expected range of the system. Galleon test account also recovered partially, but still down substantially for the month.
DEV closed more profits and it is positive again on the month.
GST stopped trading. I did not lose money in the end because the position did partially recover. I am using the account to test another trader.
Dec,23,2008 News:
Draw downs in most accounts!
DEV (Devrim) took some losses on both Monday and Tuesday, then made up quite a bit today.
It is good to see him limiting damages and cutting losses when he needs to.
We know some other money manager kept saying "I am 100% positive the trade will come back, the trade will come back, the trade will..." while trading the accounts all the way to zero!
With the recent losses, my DEV account (2X) is down 0.95% in January. He still has plenty of time left to keep his positive monthly return streak going.
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