Flying high, no stops, no hedging, averaging down, all the classic mistakes, recently severely broke it's historical trend with a 30-50% drawdown depending on where you started. One trade with a $70,000+ drawdown. WOW, I'm done watching. Work ok in sideways markets catching swings but had no provision for a big move (ie stops, hedge, etc.)

Seems he enters positions and if the market turns against him he adds another leg to average in until he gets 3 legs into a position. At that point I have not seen any stop loss provisions which can be "very" dangerous in a market that starts trending against you fiercely and could wipe you out. So far I am watching his most recent trade on 5/5/06 and it looks ugly. I e-mailed him about a stop loss "last resort" option and he never replied. Does not feel safe. You must have down side limits in futures I feel.