ES Journal Archive (2009 - 2010)

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maybe Robert has a big gun account? $118k is a tiny slice of his account? when I read Martin schwartz's book "PIT BULL", he said one day he lost almost $800k (he kept shorting big s&p 500 until limit up to the closing, what a dude he is ? ego strikes him?)



Quote from NoDoji:

He is a counter-trend RTM trader who fades the move rather than waiting for confirmation. He was caught in the HAR scam last year and lost $118K after more than doubling his trading account in a few months. This style of trading has a very high win rate and every now and then large losers. Many highly successful traders trade this way, Lescor being one of them. Despite the HAR hit, Robert was still profitable last year. It's very sad that legitimate trades in a fast market get busted, but trades based on a false press release by a consortium looking to make millions on a carefully planned scam are left to stand.
 
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