Mariusz Ganczar reminded how treacherous the markets can be.

2010-03-11 14:02

Mr Ganczar bought pounds, because he regarded it as simply relatively cheap. Size of the exposure was already important to his margin.

Later he increased his position by averaging at lower levels and as a result his exposure went to 2,25 million.

The market crashed within 48 hours below 4.40 and his loss was important reminding once again that rules are to be respected by all even the best like Mariusz Ganczar. Because he had no stop he was unable to liquidate the position, while the market felt very sharply. Choosing to wait for a bounce that seemed likely but did not happen was a second mistake and the position was then closed at 4.24.

Although his account still shows remarkable returns equals 537% he lost nearly 80% of his account value because of volatility and probably because of his impressive list of winning trades that made him lower his concentration. That is the nature of risk, taking responsibility. 

 

 

 

 

Abrir cuenta

Compita con los traders y los inversores de todo el Mundo, para obtener el reconocimiento definitivo como Worl Top Investor.

Únete ahora