Comment Text:
i0-001
COMMENT
CL-03493
From:
Sent:
To:
Subject:
Ed Detmer
Sunday, January 24, 2010 10:35 AM
secretary
Rule changes
To CFTC
We understand there are always a need for some regulations involved in the currency markets. However if you
change the ratio to 10:1 you will effectively bankrupt my wife and myself..
The Company I retired from went B.K and took my retirement with it...
Fortunately I had gotten into the 4X mkt with a small amount of savings that I had and have been using the 4X
trading to supplement our SS to keep us out of B.K... We live in a very modest home and are on a very strict
budget..We are in our mid 70's and with out this 4X income we would go under....As a trader I fully understand
the risk of any investing and have a very good risk management program..You obviously don't understand that as
traders we are self regulated when it comes to risk management. If we don't set up some good risk management
guidelines for ourselves we would be out of the mkt very quickly anyway so we certainly do not need a
regulatory body which may or may not even understand the 4X or even trade it for that matter to tell us how to
manage our money. You are also probably not aware that all of the Companies and Guru's constantly pound on
us daily with every e-mail and seminar about Risk Management .....I receive from 5 to 10 e-mails a day and frankly
am tired of hearing it ....
Just keep in mind that this is how the camel came to be...It was a committee trying to design a quarter horse and
had no idea what either one was...
Very Sincerely
Ed and Donna Detmer
