Search results

If he gave back several years worth of gains from the room in a single day, then something is seriously wrong with his trading methodology.

Rob likely started to believe he was such a levels guru that the Martingale strategy would always work for him.

You should watch this video from Carter & Senters talking about how they expected Rob to eventually blow up. In other words, they PREDICTED that Rob would eventually blow up! "...I tell you what...I just can wait to see him blow up...and you know it's gonna happen!" (both of them...

He did a webinar after his losing trade. In the webinar he said that he was comfortable with the loss and anyone who was saying he "got his head handed to him" didn't have any idea about his account size. Also, he said he had set a percentage-based stop in advance with his broker so that if...

Even if is true that he lost everything from trading, his subscription fees likely covered his losses. It must be nice to have subscription fees (from people who think he's a guru) to fall back on. :)

Thanks for the screen shot. I had to zoom in to make out the numbers. When you add up the two numbers (realized loss shown on the right, PLUS the loss on the not-yet-liquidated portion of his position), it looks like he was down a total of $311,500 at the time that the MessageBox popped up...

Yes, blog sounds like a good idea.

Quote: I've received payments in lieu of dividends on fully paid for securities. See this post: http://www.elitetrader.com/vb/showthread.php?s=&postid=3384562#post3384562

Correct me if I'm wrong, but it seems to me that when a futures broker "segregates" the customer funds, there isn't actually an individual bank account per customer that the funds go into. It seems to me that all the money for all the customers gets put in one giant bank account by the clearing...

FWIW, I've had an IB account since sometime in 2010. I never dip into my margin, and haven't done so the whole time I've had the account. My cash balance was always positive in the statement of funds, and I never borrowed any stock. However, I have received payments in lieu of dividends...

On her blog she said on Nov. 4th that the is finished paying her federal income taxes because she "refuses to hand her money over to the criminals". She sounds crazy. Maybe she needed to shut down her business because she would not be able to run a brokerage business if she were to wind up...

Rob? Is that you? :D

I'm told that he supposedly made a bunch of changes in the room for the purpose of better risk management. I suppose that is analogous to locking the barn door after most of the horses already got out. I'm told he trades smaller sizes now (usually 10 contracts or less total). I'm...

Wow! All that screen time gone to waste! (except for the subscription fees he managed to collect from wannabes) Why bother daytrading at all if 18 months of gains can get wiped out in a single trade?! ADD: Hmmm. Assuming it's true that his total loss was 312K, then 5K in commission for a...

Rob tried to make it sound like his account size was so big to begin with that the loss was not that a big deal to him at all. He said that anyone claiming he got wiped out has no idea how big his account is and they're only speculating. He also made it sound like he "didn't get slaughtered"...

Interesting how it took a blown out account before he decided to use stops again. And people are paying him for this expert trading advice?! I would think that he would have to trade less contracts after blowing out his account! Just sayin'

I'm told that some brokers trade AGAINST their clients. ADD: I won't mention the name of one that I'm told trades against their clients..... but it is well known that the founders of that particular brokerage are active traders.

I would expect that he still will have a high percentage of winners, but the losers will be more frequent than before and the losers will still be bigger than the winners. He will probably be break-even overall. Even if he is profitable, most of the followers will likely still get...

Ironically, John Carter's own trading plan has the following rule: "If you hit a 30% total drawdown, it is time for a 6 week break from trading." Maybe Rob needs to follow that rule. :)

How do you know for certain that it was him?