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Exactly. This guy Hoffman can re-load his account, trade for the next year making tiny profits every day, but the end result will be he will lose everything at some point. The scale into losers with no plan of taking a loss will obliterate an account.....every time. If these guys Carter and...

I agree. If he really was trading live it will show up.

He can claim over and over again it's real. Doesn't mean much considering they can't show any REAL results. The fact he did it in front of paid subscribers doesn't mean the account wasn't in simulation mode. Hey, if you guys know when he was forced to dump, and the volume spikes up at that...

I think a lot of these scam sites have their guys trading on a simulator. I find it tough to believe a guy who was trading 1 lots can go up to an 850 lot. Also....any trader who was used to trading 1-5 lots then goes to 850 lots and loses 330k would not be as cool/calm as this Hoffman guy is in...

Surf, I am worried about you. You are contradicting yourself more and more.

I couldn't agree more. They are basically saying : "We are not in the trading biz to make trading profits, but we will show you how to make profits....even though we don't know how to make profits".

Who knows if he was even really trading a real account. He claims he is, but the fact that he can't show any kind of statements leads me to believe he might be on a simulator. A lot of these scam firms show an order book on their videos....but it's a demo. I don't watch the russell futures...

Getting chopped up with the rest of the fixed systems huh? Surf has resorted to using TA and Stops......the same two things he bashes.

I traded Russell Futures briefly in 2005-2006. Unless things changed(from what you posted they haven't), trying to exit 850 is insane. The inside mkt is probably what....10 x 10 ? And if you go to sweep the bids, even though they might be showing 40 and 50 lots, they are not gonna be there when...

This is a beaut: "Our services are not structured around track records. We provide our services to assist members in learning how to trade on their own and not based on past performance" Of course....why would new traders want to learn from people who actually make money trading and...

The fact that the owners of that site didn't part ways with the guy after that speaks volumes. They actually took a disaster scenario and are trying to spin it off as a positive....that people should look to this guy for advice. There is no excuse for a 1 lot guy to get up to 850 lots...

Great post. That's exactly it. Wanna-be traders who go to these sites do not want to put the time in and actually learn how to trade. They go to these fancy websites with the claims of "100% winners !!!" "We never lose!!!" and just think it's that easy. I guess anyone who believes this BS...

I have seen lots of traders blow out...some real bad ones. But the "getting teeth pulled" reason for his blow out is a hoot. Seriously. There is a reason guys like Hoffman and the other clowns out their selling useless strategies aren't gainfully employed by a trading firm/hedge fund. They...

He probably had great returns in the 2nd half of 2008....then been losing money since. It's funny how Surf rips on people who don't adapt to mkt changes, but yet he is still trading like it's 2008 and the vix is at 90. He goes for home runs in markets that one shouldn't be going for home runs...

Surf is a strange bird at times. He seems to contradict everything. A lot of the stuff he criticizes are things he does himself. He probably stirs shit up all the time to draw fire/attention to his threads. He's certainly good at that. As far as The Del Cap........GREAT race huh? Like you...

Summer 2008.

This guy babbles on and on without ever talking about his "impressive drawdown". No mention of the important thing...how much did he lose on Thursday vs how much he normally makes on a winning day. He talks about not having a losing day in 18 months before this "impressive" draw down. Sounds...

I agree that one must adapt at times to different mkt conditions and make the necessary changes at times. But....there are plenty of older strategies that continue to work and have been for years. Their success is primarily determined by position sizing and risk management. At the end of...

Surf, Nice trade so far man. I know I am going to regret this, but when you attack fixed systems, who are you talking about? Some examples? .......and who are the flexions? What planet are they from?

The guy sounds beyond full of shit. Yeah, he trades Russell futures for 3 ticks, I am sure people are knocking down his door to give him money. The guy had a 300k account and his volume in the ES was too big? That's hilarious. Even if he was getting a low day trade margin rate of $500...