Marc, does this sequence fairly represent your trading results <pre> 3/02-10/02 100 -> 20 ( 80% loss) 10/02-11/02 20 -> 41.7 (108.5% gain) 11/02-3/03 41.7-> 46.8 ( 12.2% gain) </pre> if so, perhaps you have a bias toward trading long? tia.. george