Comment Text:
i0-001
COMMENT
CL-03893
From:
Sent:
To:
Subject:
James Bilinski
Monday, January 25, 2010 7:29 PM
secretary
Regulation of Retail Forex
Hello.
RIN 3038-AC61
I am opposed to the proposal to lower the max leverage in the FOREX
I am part owner of an asset management firm trading in forex market. Changing the leverage
anymore would inhibit us from operating at peak potential thus limiting returns for our cliental.
The amount of margin required to take a position is NOT what dictates a responsible traders
position size. We implement a strict risk management policy based on a small percentage of the
account size (3%). Making us put up more margin per contract only disallows us to implement our
strategy to the fullest. At the end of the day the risk and reward of a
trade is immediately established once we take a position.
When used responsibly, leverage is a not only a great
asset
to us professional traders but a
necessity
for small businesses like ours to grow faster.
Where do you draw the line? Can we just be left alone for a decade so we can grow our business?
Focus on catching the Bernie Madoff's of the world and leave us law abiding entrepreneurs alone!
Thank You!
James Bilinski
Bull Flag Asset Mgt. LLC
