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Collective2 Profile

Thomas Frank


Joined Collective2: 11/04/2006
Last Logged in: 2/16/2007




System Notebook

Forex Fighter GBP/USD


TradesForex
Cumu P/L$37,617
Compound Ann Return4.5%
# Trades363
Sharpe Ratio0.22
Subscribe for:

Hawk-fx


TradesForex
Cumu P/L$1,447,040
Compound Ann Return41.0%
# Trades283
Sharpe Ratio0.45
Subscribe for: 14-day free trial, then $150 each month

Average Rating:
Comments 11/7/06 20:21 ET:
Had a managed account 22 November - 1 December 2006 Put in $20K. Lost $9K. Mark Burdge/Hawk-fx managed to lose $9K (45%) due to sloppy money management - no stop loss on a trade he left over the weekend confident nothing drastic would happen. Then he hung on to his open positions hoping they would turn far too long - aggrevating to original damage on my account from around $1Kto $9K - despite a promise in his prospect for the managed account that he would close all open trades and warn the customer if a 30% loss of equity happened... Mark is a talented trader but with really sloppy risk/money management, follow him at your own risk... If you do so at the right time he might make you a lot of money, if you do so at the wrong time he might cost you more than you thought possible. Lesson learned: In the future I'm only going to trade signals (or managed accounts) where I feel confident the trader has a strict trading plan that he always follows - and that this trading plan involves always setting a stop loss/taking your losses at a certain level.

Entropia


TradesForex
Cumu P/L$319,548
Compound Ann Return21.1%
# Trades268
Sharpe Ratio0.94
Subscribe for: $225 each month

No Ratings Yet
Comments 11/7/06 20:20 ET:
Mhm, seems to follow very simple rule/plan looking at the trade patterns. Still very profitabe and rather steady. Subscription a bit expensive though.

QTIPS


TradesFutures
Cumu P/L$246,249
Compound Ann Return19.4%
# Trades405
Sharpe Ratio0.64
Subscribe for: 5-day free trial, then $100 each month

Average Rating:
Comments 11/7/06 20:19 ET:
Rather nice and steady so far!