Greetings fellow Zulu-Traders. By now you must all think i'm obsessed with HomerPoet since I blog about him repeatedly. Well he has made some progress rebounding from some recent drawdowns. Even so, he's down over -1500 pips from his top at +2000 pips which puts him into the risky provider category. Despite these blotches in is record, he still has better than 95% profitable trades. In any case, due to these stains on his record he probably figures its better to make a fresh start to gain a new following. Thanks to the Zulutrade's feature we know when an old provider assumes a new identity. As of last week, Homerpoet re-emerged under the new name mmtwta. 
I added mmtwta for one lot with a 150 pip stop. I live to regret it, we will see.
IndianLion is a very interesting provider...shoud you include it in your portfolio.
ReplyDeleteInianLion "paints the tape" only looks good because the same trade is open 10 or 20 times.So your account can stand 250 pips of draw down , and lets not forget 250 pip draw down on 10+ lots and you like that risk sure , But lets not forget what happen to FX Markets, High Rollers and all the other , They looked great until they wiped out their accounts take many Subs with them, and sure we all know you never know when that"one set" of trades is coming to wipe out your account.
ReplyDeleteOOPS looks like HomerPoet has not yet learned the lesson of cutting losses. Today April 2, 2009 down of 50% of total pips ever made also the same picture in his new accounts he just started. But guess what, NeverLose$ and GBP$ are going down the same road as FX markets .TOTAL ACCOUNT blow out, these guys just never seems to learn when to cut losses. Hate to have been any one of those Subs wowza!! Those losses must hurt.
ReplyDeleteFuck IndianLion. I'd like to put a hot rod into his ass :)
ReplyDelete