Because people like him cannot make money from trading. So they need to make money from selling/ teaching their "trading". To do so, they try to impress others with fake results.
100% winning rate of 10000 deals in 100 days
- Thread starter Hardison
- Start date
Because people like him cannot make money from trading. So they need to make money from selling/ teaching their "trading". To do so, they try to impress others with fake results.
Your observation is correct.
The accumulated amount of position floating loss is acceptable to the account, so it's no problem. 【Plan your trade, Trade your plan】
Maybe what you said is right. Everything is based on reality.
Your observation is correct.
It might be acceptable for the moment, but this can change drastically. And you have not mentioned floating losses before I pointed them out. If you want to create a minimum amount of credibility, you should not only post your daily closed PnL, but also the open positions with the floating losses. And even if you do this, there will always be endless doubts and debates about your results and the purpose of showing them, just by the nature of it.
Maybe what you said is right. Everything is based on reality.
Maybe, maybe not. The answer is blowing in the wind.
Sure thing, there are plenty of examples, here is one:
At the top you can see he bought at 01:01:00 for 108.886
At the bottom you can see he bought at 04:18:02 for 107.049
You can also see he closed the top position 93 minutes after the bottom position, even though he opened the top position 3 hours and 17 minutes prior to the bottom position. Meaning the top position was open the whole time all other trades in this screenshot were opened and closed (averaging in and closing the other positions while the top position is still open and in a massive DD).
Since the first position was opened at 01:01 for 108.886 and the bottom position at 04:18:02 for 107.049 that means the top position had a draw down of at least 1.837 (from what we can see in his statements, it could be more) while he closed it for a profit of 0.114.
In this case giving a 16 to 1 risk to reward ratio.
A quick glance at the most recent posted statements show a trade that went 7.52 against him and for that he took a profit of only 0.15.
This is a disaster waiting to happen. It's not a question if it will happen, but when.
