Due to human error, a transaction has occurred that resulted in a loss.

I am considerably upset at this as it represents the first substantial loss, for any of the accounts that I manage, in the last 6 months.

It was during a re-proportioning phase when I was incorporating new Client money into the Managed Pool, as well as de-merging money for 2 Clients, that I chose the wrong option to do this re-proportioning and inadvertantly closed all the open trades in one of my managed accounts.  These trades were in a drawdown situation whilst I was awaiting a pullback in the currencies, and I had no intention of closing them at that point in time as I was anticipating that those trades would have subsequently recovered to a profitable position.  The net effect, however, is that there has now been a substantial loss incurred in that account.

As you will be aware I have increased my Client's accounts steadily since we started, and I have proven that my trading methodology is relatively risk-free (except for the human errors!), and I believe it will continue to be a very profitable methodology in the future.

I intend to continue trading, and I am incorporating a few fail-safe features so the human-error component of my money management is effectively eliminated.

Once again, I apologise for this error.

Since that error, there have been developments on the money markets of the world that caught me by surprise.  I have always attempted to trade with a '5 year worst case loss' built into my trading methodology, but recent rumours in the press, panics amongst forex traders, and (imho) incorrect decisions by the Banks and Governments of the major financial pairs, have all combined to make the market the most unstable that I have ever seen it.

I am doing my best to stay sane (and profitable) whilst everyone else is losing their minds, but this is definitely the craziest market that I have ever seen.