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Like everybody I have done all the mistakes (and some that I invented). I
started as a customer in 1971, became one of the major brokers of commodities
in Paris (and vice Chairman of the Exchange in Paris) but in Paris we were
more money managers than brokers because pweople were uneducated with
futures. I have always been trading my own money since the 70's. Now I manage
money for European Institution and few HNWI. I had some great succes and some
gruesome losses while I was "shooting from the hip". Since I have worked on
system I think that I have learned a bit in matter of risk control to avoid
the big drawdowns that are a killer in this industry whether you are managing
your own money or OPM.
Jean Jacques
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