Search results

  1. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    I think regulating and auditing trading rooms is a very good idea.
  2. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    The video in the top link works. Here it is again: http://www.mrswing.com/articles/When_Will_Rob_Blow_Up.html ADD: and here's the link to the actual Flash file in case they decide to take it down. You could right click to download it and then use File - Open in Internet Explorer to...
  3. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Just got a marketing email from TradeTheMarkets. They're hosting a special "member only 2 day live trading webinar" (on July 27th and 28th) with Rob Hoffman, Hubert Senters, John Carter about dealing with losses. Gee, I wonder why?! LOL! And, for those who aren't members, they're offering...
  4. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    It's funny, but, believe it or not, the guys (John F. Carter & Hubert) from TradeTheMarkets actually made a video in January predicting that Rob would eventually blow up his account: http://www.mrswing.com/articles/When_Will_Rob_Blow_Up.html...
  5. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Comments probably have to be approved before they appear. Good luck getting a comment approved other than an ass-kissing comment.
  6. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    By the way, anyone wanna buy a "Robert's Indicators" video from me? I think it's a "$300 value". Any offers? :-) No, wait!...it's actually a $599 video according to TDM! Someone please make me a reasonable offer! This video may be your ticket to the rich-house :-) ....maybe if...
  7. J

    Is Forecasting Methodology of David Williams (Reflected Wave, etc.) any good?

    The reason I'm asking is because another trader claims to have a proprietary ES forecast that helps him swing trade the ES, but he won't tell anyone the methodology. He only wants paid subscribers. The other person claims it is based on the work of another trader but he won't tell anyone who...
  8. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Yikes! It sounds like they were drinking the Reckless Rob Kool Aid!
  9. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Actually, now that I think about it, he's damned lucky that he "only" lost 312K. The notional value of his total postion, when he was in on 852 contracts, was almost 70 million dollars near the bottom on the day he was involved. What the heck was he thinking, with an account that is only...
  10. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    He got lucky for a year (2010) where supposedly he didn't have a losing trade. The problem is he thought his understanding of the market (levels, etc.) was so good that he could just keep averaging down as a strategy and it would always come back in his favor. Hmmm....Is there any chance...
  11. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    "the know nothings" ??? Who do you think you are?.... Cramer?!....."They Know Nothing! They Know Nothing!" :-)
  12. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    I agree that his position sizing strategy seems to be for the purpose of enticing more subscribers with a high win/loss ratio. The problem is that the losers will wipe out the winners. When I originally first watched his videos on YouTube, I had assumed that he used conservative sizes...
  13. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Literally blowing out your account is not just a mere "drawdown". It is a TRADING DISASTER, and likely the only thing keeping him in the game is his subscription fees.
  14. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    When I was in his room (a couple of years ago) his winners were relatively small and his losses (although much less frequent than his winners) would often wipe out several weeks worth of gains.
  15. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    I got the 312K number from a different discussion. Anyway, I'm curious...how much did he lose during the previous time that he lost?
  16. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    My understanding is that his broker is Infinity, and the simulator is a different color (blue) than a live account (white). Rob always talks about how he not a "simulator jockey" and how he trades with real money.
  17. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Excellent questions to ask. It would be nice if live trading gurus were required to publish independently audited trading results. I suspect that, if it weren't for subscription fees, then his trading career might have just ended. Luckily, he has subscription fees to fall back on.
  18. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Excellent points! ADD: and his returns were likely abysmal in terms of the RISK he was taking on. The true RISK became evident when he lost 312K in a single trade.
  19. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    Lets face it. What Robert Hoffman does (averaging heavily leveraged instruments) is dangerous. Even if it works for him 99% (or more) of the time he can still blow up his account (and did in real life). For other people who try to emulate him, they will blow up much quicker and easier...
  20. J

    Did Robert Hoffman really lose 312K in a single TF trade? Yikes!

    I suspect it IS a big setback for him, subscription fees notwithstanding. Also, I think that people who try to trade like him will lose more frequently than him and blow up their accounts quicker than he does.
Back
Top