Friday, October 1, 2010
It wasn't my fault
I don't like losing. I've said this before, but a few losses lately have really upset me.
And now I've discovered that the 'errors' are not my direct fault. Let me explain: As clients come and go in my Managed accounts, I've done dozens of re-proportions to involve clients in trades at the risk levels they've indicated, and to share the returns accordingly. The last two re-proportioning exercises have been very complex, with multiple trades open, some with unrealised losses, and some with unrealised profits, and where some clients are adding funds, and some are de-allocating from their balance.
I've discovered that the action of re-proportioning has a few flaws, and in these last two events, we ALL lost money un-necessarily. Staff at OANDA are looking into the matter, but initially they say I changed a setting (which I didn't).
Anyway, from now on, I'm only going to re-proportion when all trades are closed. Sometimes this may be weeks or months apart. Expect this please, and don't add money that you will need in the short-term.
Subscribe to:
Posts (Atom)