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

Quote from tradingjournals:

+1.

I would not be surprised if he makes more than he "lost". Just this thread must have brought some cash to his account.
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If people read this thread or any of the latest news on this guy and still pay to learn from him, they deserve to be parted with their money and I have no sympathy at all when they blow out their account.

The guy is a horrible trader, anyone who can't see that should not be trading.
 
Quote from EPrado:

Apparently in the past he averaged down losers continually until he is one tick in the green.

So..........this loss had to be gigantic compared to his wining days.

Like the guy who started this thread mentioned, all it takes is one time, for this type of strategy to go wrong and your account is history. So the fact that this type of loss hasn't happened in 2 yrs really is irrelevant. He could take his 1 tick profits time after time, but he eventually will lose everything.

You will not find one successful trader or fund manager who has lasted in the trading business doing what this guy did.
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+1.
 
Quote from EPrado:

Apparently in the past he averaged down losers continually until he is one tick in the green.

So..........this loss had to be gigantic compared to his wining days.

Like the guy who started this thread mentioned, all it takes is one time, for this type of strategy to go wrong and your account is history. So the fact that this type of loss hasn't happened in 2 yrs really is irrelevant. He could take his 1 tick profits time after time, but he eventually will lose everything.

You will not find one successful trader or fund manager who has lasted in the trading business doing what this guy did.
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2 winning years is more than enough of a track record to become a trading guru. The guy could have stopped trading altogether... that is if he understood his trading methodology was leading to inevitable doom.
 
Quote from Ash1972:

If Victor Niederhoffer was in the signal selling business, he would be this guy..
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+1

It can be proven mathematically that averaging down, martingaling, and selling tail insurance and or naked premium are basically the same. If you play long enough you lose everything.
 
there are virtually no people on earth besides very elite group of traders, who care about math or statistics in trading. most clients of these scam artists want EMOTIONS!

this thread about losing 300k in a single trade will only bring more customers to Mr Hoffman.:D
 
Red flags:

Discretionary trading: discretionary trading cannot be taught.
Powercharting.com website: registered in 2007. youtube snptrader registered in 2008.
average down + purported trend trading + taking 1 tick target: does not compute.

People never learn :p
 
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