What has been the maximum draw down in account throughout the last 18 months?
33% in 24 hours, 29th Sept 2009 US vote no to funding package, US falls, Europe though out of hours falls further, this was recovered the next morning, and our trading strategy in the same situation now would see an 8% decline and revisions in the model in this case would reduce this further . A 20% decline is possible and if a 20% decline from start of month we would close.
