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Did Robert Hoffman really lose 312K in a single TF trade? Yikes!
- Thread starter Jreality
- Start date
Quote from jedwards:
Are you a profitable trader after subscribing to this room?
If yes, for how long now?
If no, how long do you think it will take you to get profitable following his methods?
Yes, I am profitable. It took me over 2 years to get that way - I had some extremely bad habits that I had to overcome. He did not help me with that part - that is something every trader must accomplish themselves IMO. In my case, I had 11 years worth of bad habits to overcome.
Once I overcame them and traded exclusively the way he teaches, I trade less and make more and I do it consistently.
I still lose, get stopped out, have losing days - but with a relatively small account, I can live off my trading now and have done so comfortably for the last few out of 9 months, thanks to what he taught.
Quote from RockyRacoon:
From one of his private mentoring sessions a few years ago - he told me it was over 7 figures.
So you're right, perhaps I am full of it - maybe it's over 8 figures.
He told you. Ok..so that makes it true. If he had 10 million in an account why in god's name is he trading 10 lots of Russell futures now?
Seriously...you can't be that gullible. People who trade with smaller accounts go towards the Russell/Dow futures. Mostly retail.
People with 10 million trade SP's and maybe Nasdaq futures.
Common sense....
Quote from RockyRacoon:
Yes, I am profitable. It took me over 2 years to get that way - I had some extremely bad habits that I had to overcome. He did not help me with that part - that is something every trader must accomplish themselves IMO. In my case, I had 11 years worth of bad habits to overcome.
Once I overcame them and traded exclusively the way he teaches, I trade less and make more and I do it consistently.
I still lose, get stopped out, have losing days - but with a relatively small account, I can live off my trading now and have done so comfortably for the last few out of 9 months, thanks to what he taught.
Here is a typical statement from a guy like Hoffman.
+2000
+400
+1000
+1300
+5000
+200
+750
+1100
+10000
-85,000
Seen it before....same ending result every time.
If you trade the way he teaches you will end up with blown out account #4.
Quote from EPrado:
He told you. Ok..so that makes it true. If he had 10 million in an account why in god's name is he trading 10 lots of Russell futures now?
Seriously...you can't be that gullible. People who trade with smaller accounts go towards the Russell/Dow futures. Mostly retail.
People with 10 million trade SP's and maybe Nasdaq futures.
Common sense....
I dont know what he is doing these days. I don't need to spend all day in his or anyone's room any more.
Quote from atticus:
9 months in his chat room..... blown out "a few" accounts adding to losers reco'd by Hoffman.... and somehow is profitable? I find that math a bit suspect.
It's pretty simple actually. . . . the folks on this forum should understand it.
First account was futures - blew out $5k
Next two accounts were FXCM Micro accounts - blew out about $3k between the two of them.
Stopped subscribing to his chat room about a year ago.
Studied and sim traded for a few months then opened a stock account and was profitable - now I trade futures again - - - making good money trading one and two at a time using his methods.
Crap, no wonder I don't post on forums - I just missed another trade worth a couple hundred bucks.
Quote from RockyRacoon:
I dont know what he is doing these days. I don't need to spend all day in his or anyone's room any more.
That's great. Hopefully you learned what not to do by watching what he does. Seems, from what you said, you have.
But honestly.....most people like yourself who pay to go into these rooms end up just chasing calls by these clowns, learn really bad habits/horrible strategies. Blow out their accounts.
If you are one of the few who survived and are actually profitable ...then congrats.
Quote from RockyRacoon:
It's pretty simple actually. . . . the folks on this forum should understand it.
First account was futures - blew out $5k
Next two accounts were FXCM Micro accounts - blew out about $3k between the two of them.
Stopped subscribing to his chat room about a year ago.
Studied and sim traded for a few months then opened a stock account and was profitable - now I trade futures again - - - making good money trading one and two at a time using his methods.
Crap, no wonder I don't post on forums - I just missed another trade worth a couple hundred bucks.
You basically just agreed to everything that atticus, me and others are saying. Sites like Hoffman's are useless.
You went to his room, blew out a bunch of accounts. Left his room, and are now actually profitable.
Quote from EPrado:
You basically just agreed to everything that atticus, me and others are saying. Sites like Hoffman's are useless.
You went to his room, blew out a bunch of accounts. Left his room, and are now actually profitable.
Not useless because I learned.
Besides, one of the things Rob *used to say* was the goal was to learn enough so that at some point, you do not need to be in his room.