![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyeJfPHIcy6NuTH07Lvx5k_MjTFxJBsj7rRKhVPpT7ROdZJa5hdQ5rdYnJ1BQIenzXz_zlKthj1zm0E9fRM_1R0sndhPQSgQg9gPik8oTWmzahFNRgqvtB_EJEUqxik_9fkk_9OoDOxb2y/s320/highrollersdesc.bmp)
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Well all was happy in Zulu-land until the fateful day of March 12, 2009 when High Rollers made a series of trades selling GBP/JPY. Those trades went horribly wrong and instead of cutting losses, he went most of them run to the automatic -500 pip stop built into the platform. One some of the trades, he lost nearly -1000 pips! The graph on left really tells the story. He went from +5700 pips to -5600 pips or an incredibly -10,000 pip loss in less than a 2 week period.
This move did some damage to my account and nearly torpeoded by Zulutrade experience. As is stands now, i'm still hanging on by a thread and down just over 20% from my initial $10,000 investment. To be fair, I made some manual trades to try and make up for those losses, and my manual trades went bust also. For the gory details, see my previous post called "Account Blow-out".
Well, High Rollers seemed to snap out of his loosing ways on 3/25 and cleared his books of all the losing trades. On 3/26 and 3/27 he made back about 400 pips in a 2 day period. Granted, I would not have made that much since I would limit him to 2 open positions. But in either case, he seems to be on the rebound. I may add him back this week and see what happens.
2 items for consideration:
1) When a provider seems to go "off the rails" like this, how about adding him in but using the "reverse" button on the Zultrade platform. Does anybody have any comments on this tactic?
2) Since High Rollers still has a relatively high number of subscribed users (236) he still has a high-incentive to trade his way back to profitability. Human nature is to shy away after a large loosing experience and come back only another good track record has been established. But by then, much of the gains have already been made back.
So for now, the jury is out on whether High Rollers has put in a bottom. Let's watch the coming week for additional signs of recovery.
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Odd funny how 'High Rollers" and "RWForex" have the same picture and seem to the have the very same high Draw Downs, Now what would be the odd of having the same picture as another provider?
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