This one is my personal favorite, the 1987 runup. My single worst
mistake of trading.

I was holding 1,200 contracts of Comex silver, yep the 5,000 ouncers for
6,000,000 ounces for Richard Dennis' account. This along with 500
contracts of Comex Gold. Rode it all the way up and almost all the way
down; accounting for a whopping 65% drawdown in the account.

The equity swing on the high move day for the account from the high to
the low was something rediculous like $14 million.

Curtis Faith
04-20-06 12:31 AM