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.
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.