Don't Discount The Value Of A Good Professional

I changed commodity brokers some time ago, and I'm really regretting it.

My first broker I felt was letting me get into too many positions at once. Sure it was exciting, but I was just learning the ropes and didn't have the temperment. So I changed brokers.

At the time I changed, I became really gun shy, so I let my new broker trade the account in an area he claimed he was good at, the Canadian Dollar. Fine. Well, I got busy with work and lost track of things for a while, and a few months later came to find out that the new broker lost 90% of my money. The account size is so low that another broker wouldn't let me switch over.

I spent the past 3 months building up the account again and was getting close to the threshold for other brokers to take me as a client. BAM I did one slip up that a competent commodities broker would have caught (I trade spreads, and something happened where I lost legs of a couple of spreads, as the system treats everything as a unitary transaction and not a spread - complicated story), and had to get out of all of my positions to avoid further loss.

My first broker would have caught this before it became an issue. My current broker, because I don't let him trade my account as he likes, ignores me. I can't leave him because my account is too small to be accepted by another broker (there's a minimum account size that brokers want).

So I'm back to square one. Where I was when my current broker had lost over 90% of my money. On the upside, I know how to build the account. On the downside, I have to start all over again.