Already profitable, what's next?

[jl1575]

That's 5000% WTF? How?! That is insane.. There must be insane risks taken? I am making some 5-10% a month and honestly I think it's better than 90% of people out there.

Rags to riches is really a dream I want to achieve but at least for me, it's way more realistic to either get a track record then manage money or keep saving and work for money to increase your trading capital no?

Insane risks taken? what are you talking about? His entire risk was only $2000!
Actually he took $2000 to $248,000 in about 9 month, and I recalled he reached $300,000 before he stopped posting.

 

[ironchef]

Insane risks taken? what are you talking about? His entire risk was only $2000!
Actually he took $2000 to $248,000 in about 9 month, and I recalled he reached $300,000 before he stopped posting.

Well, I was too stupid at the time to know he was faking it. Not real trades, all after the fact trades so guaranteed winners. Was exposed by @destriero and barred from ET.

When it is too good to be true, it is not true.

 

[destriero]

Well, I was too stupid at the time to know he was faking it. Not real trades, all after the fact trades so guaranteed winners. Was exposed by @destriero and barred from ET.

When it is too good to be true, it is not true.

OI would wait for a move and go over the time and sales and approriate a trade after the move occurred. It worked for a long time but he got sloppy. On occasion he would take an order amounting to a few lots and then say he was up 8-$10K... on a trade that made a few hundred. IOW he'd take a one lot hitting the tape and state he was long 20-50 lots. 100% fraud.

It's one thing to make a call on paper... quite another level to appropriate a quick move of say 10 points higher in the SPX by hunting in the time and sales and picking a winning call that traded--by another trader.

He simply ignored the posts until Baron stepped in and asked for some minimal validation. None came and *poof*.

@smallfil was caught pulling the same scam on this thread as well.

 

[TommyR]

10 percent compounding per month for 5 years is good i think you are too harsh on yourself. amazed you have no spare cash tbh at that rate.

 

[destriero]

10 percent compounding per month for 5 years is good i think you are too harsh on yourself. amazed you have no spare cash tbh at that rate.

Doubles his money every 30 weeks and is broke. Sounds plausible.

 

[ironchef]

OI would wait for a move and go over the time and sales and approriate a trade after the move occurred. It worked for a long time but he got sloppy. On occasion he would take an order amounting to a few lots and then say he was up 8-$10K... on a trade that made a few hundred. IOW he'd take a one lot hitting the tape and state he was long 20-50 lots. 100% fraud.

It's one thing to make a call on paper... quite another level to appropriate a quick move of say 10 points higher in the SPX by hunting in the time and sales and picking a winning call that traded--by another trader.

He simply ignored the posts until Baron stepped in and asked for some minimal validation. None came and *poof*.

@smallfil was caught pulling the same scam on this thread as well.

It took a lot of work to create 9 months' worth of fake trades and fake profits. I still don't understand why.