NYC Traders Expo coming soon!

Discussion in 'Hook Up' started by cwjcntr, Jan 30, 2004.

  1. Transact Futures

    Transact Futures Transact Futures

    Baron from what I understand won't be able to make it this year.
     
    #41     Feb 13, 2004
  2. Vienna

    Vienna


    Your partner? My condolences...I posted this somewhere else as well.


    Two years ago I had John Carter trade my account (I had no time to trade myself, and from his "record" it seemed feasible).

    I gave strict instructions as to what percentage of capital to risk (at the beginning 2%, then I reduced it to 1 and then to .75%. I knew about money management but that did not protect me in this case). In about 5 weeks he managed to lose 40% of the account. That was a $80,000.00 loss, by the way. He put on big positions with options that just imploded. I was a bit caught off guard when it happened so quick, then I stopped the bleeding.

    I am not posting in order to have some silly poster gloat about it- ( I know, I know), and I made the money back. My point is that if somebody runs a search on John Carter, at least he (or she) is warned.

    And, by the way, should somebody require documentation , I have our email correspondence and the trade records on file. PM me if that is required.
     
    #42     Feb 15, 2004