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Did Robert Hoffman really lose 312K in a single TF trade? Yikes!
- Thread starter Jreality
- Start date
Quote from Jreality:
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?
It was under 20k. 18 I think. After that hit he refunded the account quite a bit (you can tell by the quick buttons on the infinity platform), and if you saw my earlier post then you know about him being down 100k with an oil trade, so he certainly put more money in there.
Rob is not a trader but a salesman. Successful traders do not sell their systems or teach.
why would a successful traders want to deal with small traders (LOSERS)
Who want to deal with losers? Only salesmen/saleswomen deal with losers. In fact, the LOSERS think they found a holy grail system by believing:
How would you like to make $5000 per day with a starting capital $2000?
Only a salesmen/saleswomen believe losers will fall for the statement above. That is their job is to duped the losers (SMALL TRADERS)
why would a successful traders want to deal with small traders (LOSERS)
Who want to deal with losers? Only salesmen/saleswomen deal with losers. In fact, the LOSERS think they found a holy grail system by believing:
How would you like to make $5000 per day with a starting capital $2000?
Only a salesmen/saleswomen believe losers will fall for the statement above. That is their job is to duped the losers (SMALL TRADERS)
Quote from Burns' Suit:
It was under 20k. 18 I think. After that hit he refunded the account quite a bit (you can tell by the quick buttons on the infinity platform), and if you saw my earlier post then you know about him being down 100k with an oil trade, so he certainly put more money in there.
In his video on handling losses where he doesn't talk anything about handling losses he calls this latest draw down "impressive" compared to his past DD.
He needs to find a new word. A draw down 15 times worse than your last one is insane.
It seems to me the his position sizing strategy was created in a way to maximize his subscriptions. He averages down to make sure he has plenty of positive days to keep the lemmings lured, of course the downside is that one day your losses reach a level that your broker wont let you keep trading anyway, which seem to have happened here
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. (maybe, say 5 contracts or less) When I was in his room a couple years back, I was very surprised to discover that he trades with huge sizes trying to scalp a few ticks, and added to losing positions. I felt mislead, especially when the winners were smaller than the losers.
When I originally first watched his videos on YouTube, I had assumed that he used conservative sizes. (maybe, say 5 contracts or less) When I was in his room a couple years back, I was very surprised to discover that he trades with huge sizes trying to scalp a few ticks, and added to losing positions. I felt mislead, especially when the winners were smaller than the losers.