The Performance Chart has been updated and cleaned up.  It now shows the true performance of the Cable Glider systems and my actual performance net of all my expenses, additions of capital, and hedging strategies.  Prior to June 1, 2007, I had no hedging strategy or alternative systems, so my actual returns are the same as the unhedged Cable Glider returns.  After June 1, I established a hedge, and it’s easy to see how much smoother the sailing has been since then.  It also makes it easy to understand the comment I made in an earlier post about the negative effect of establishing a hedge at an equity trough…one can see from the chart that I did just that.  As of today, the unhedged Cable Glider has matched its previous peak, and the hedged portfolio is making a new high when measured since its inception in June. 

Full time trading has been quite an adventure and a great learning experience so far.  The added pressure of making enough money to pay the bills and keep the account growing has been a challenge.  Many thanks to everyone that has contacted me over the past few months with thoughts and suggestions.  This solitary trader’s life would be a lot more lonely without them.

Finally, I’d like to say happy belated birthday to the Cable Glider itself;  as of today, the system has been trading live for 13 months, with the unhedged version returning approximately 285% and the hedged version returning 205%.  I’ve endured some pretty scary drawdowns as well, but I continue to refine my systems with an eye on dampening drawdowns, and the performance since June makes me feel good.  The recent drawdowns were similar in time length to the previous ones, but not nearly so in depth.  Here’s hoping that the good performance continues.

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