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John Cappello wrote:
> RE Master Suite:
>
<snip>
Here's yet another issue with the folks at RW -- Drawdown
I've no qualms yet about the system's potential profitability. However, maximum drawdown is supposedly around $16,500. I waited 'till we were nearly there a couple of months ago and decided that would be a great time to step in -- makes sense no?
So I end up with a $10,000 drawdown right off the bat. A little research is in order and I find out that one of their internal studies shows about a $24,000 DD and then an outsider figures it's closer to $40,000. Foiled again!
So, moral of the story is: Forget about the $30,000 account size they recommend. Even $45,000 is not good enough (like I have, or had). Minimum account size should probably be closer to $60,000 or even higher, and get that ulcer medicine.
And though I'm not a fan of CFTC, they might have gotten it right this time! In a roundabout sort of way.
I have, however, recovered half of that amount and I sit about $5,000 in the hole.
Richard Garvis
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