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Nice find oh ha ha, one of our highly paid "educators" will blow up and take many who cant replenish their accounts down with him. Hilarious, pay him 300 a month to lose faster!

This is a 1 minute chart of the Russell 2000 on the day he had the loss (July 14) all times are PST.

It is funny you say that because while I was trading my way I was using a sim on a laptop and it was for the most part profitable but I could never put money behind it because from my perspective he was taking trades in the middle of nowhere.

I defended once on this forum in around 2 years ago, I remember because I felt like a fraud afterward for doing so. I was making money trading up through 09 but was getting extremely bored, I joined his room because I was bored out of my mind and had to have some sort of chat/whatever going...

During the time I followed him in mid 2009, he showed in a video that you got for signing up for the room his clearing statement and in the room he trades on the real platform, the infinity simulator is a different color--so without massive corruption on the part of his broker he is actually...

I hear everyone on this forum and others saying how nice he is and what a good guy he is; I will be a good nice guy to you also for $300 a month.

It's a learning experience http://www.youtube.com/watch?v=_bIpUVA9308&feature=youtu.be

During the small time I was in Hoffman's room he went to the traders expo in NYC and then said that he was approached by people who wanted him to trade opm. Another odd thing he said that stuck with me was one morning he said off hand that he would train the ES while he was still able to...

I don't like his use of 7 different indicator's but he defines his risk

You make an excellent point.

Yeah he uses moving averages as support levels and when I was in the room only entered when all 7 that he uses were moving up or down so after the morninv rally he probably bought initially near the hod Tf is Russell 2000

what will always go wrong when you employ above strategy, the market will not always come back and when you do not understand the meaning of risk management your broker locks you out and closes said trade.

He placed a small initial trade which seemed to always be in the wrong direction and aggressively and heavily added to it to get a better average and would usually exit with a few ticks. I was in his room for a short while before this streak started to offset the doldrums of the day.

Yes, apparently he was blown up by the hubris bomb

Thanks for the post, I have been looking to eat healthier

I trade the es nq and the spread, I am in bed by midnight and up at 545. very important to not nap after trading or it will throw entire sleep schedule into aray.

I live in SF (SOMA) but for now I prefer to trade alone from home.

I was not completely clear. I was wondering about any experiences with Falcon trading computers I am painfully aware of Dell problems.

I need to purchase a new pc as my main system for execution, charting and my data feed. I was looking at Dell and Falcon Trading Systems http://www.falcontradingsystems.com/ They look good and have specs I need and they have an impressive list of customers but I really know nothing about the...

a lot like the Bear Stearns bankruptcy put someone purchased 1.7 million worth, 2 or 3 days later over 300 million