Lost half of my years salary in a week!

Quote from Tums:

MP: when are you going to explain this blow-by-blow? Which one is yours, and which one is not?
or are you still concocting the story?

http://www.elitetrader.com/vb/attachment.php?s=&postid=1250220
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I believe that MP opened the trades but may not have closed some of them. The account owner did have his trading station open and logged in, which could have been a problem.

The date is interesting, October 31. Looks like acdspit00 got a rock instead of a treat for halloween.
 
Quote from Tums:
you sure blow a lot of hot air, don't you.
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Since the original poster has disappeared I'm going by the facts we have. Who knows what acdspit00 was doing while he was logged in? A click here? a click there? :eek:

lollol.gif

acdspit00 checking to see how
mparkernys is doing with the
FX trades.
 
Quote from acdspit00:

I somewhat got myself into a bind. I trusted a moderator on a pretty big stock/forex forum and let him handle a 10k forex account. In 1 week I am down 9k.. Holding on to my last 1k but unlucky enough its deemed as a bagger in audusd down 700 dollars so far. He wants me to add more money to keep the margin but I just dont have the guts to do it anymore... so depressed. He told me he has been doing it for a long time 15 years in the biz. There isnt anything I can do is there? I want to feel reinbursed somehow but i know he would never give me half of what he lost... well if i need to i can post the history and see what you guys think i can tell you he place 4lot orders at a time and the first two being going long on usdjpy.. He also wants me to put money into crownforex b/c he thinks he can average 200 a day on 5k account. I am not knoledgable enough to trade forex myself as i know would be the best way so there is nobody to blame but myself.
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:p
 
Quote from acdspit00:

I somewhat got myself into a bind. .. I am not knoledgable enough to trade forex myself as i know would be the best way so there is nobody to blame but myself.
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Well atleast you are taking responsibility for your own foolishness.

Hopefully it wasnt borrowed money.

The guy you trusted comes over as incompetant but we all suspect he is a crook and will probably never be punished.

No doubt this happens to hundreds of unsuspecting suckers everyday.

Learn the lesson and move on.
 
gentle peoples,

give the man a chance to respond -- sit back, relax and enjoy the trading that the forex market is giving us (hope you were all having a ball last nite with it !)

I never blamed him forex-forex, but only make note that his computer, left open to FXDD's trading platform, noted as such by the FXDD's own tech reps and in a public place where patients had played with the computer "might" have instigated the losing trades !

all i have ever stated, continuously, was that something WAS wrong and these losing trades should never have happened, but DID !

first you came after me, and now -- rather humorously, you are starting on him !

Perhaps it is my age and my life, but excess excitement is best left to the wonderous nights with the Watkins twins I enjoy after i have pumped up on vitamins and viagra, and not needed on any forumn !

give the man time -- he will respond !

and learn well the lesson that not all is as it appears at first blush, former wives being the most glaring example of that expression !

trade well my friends -- its a wonderful market for a flipper out there !

mp
 
Quote from ElectricSavant:

quit farting and come out with it...lets see...the kid is not a kid in the military in Japan...and he is a millionaire...he put 10K in a account and let Mike Parker trade it...then he sabotaged his own money as he had a personal beef with him...its only 10k...

orrr....

Mike and the kid cooked this up to get new members in that other Forum they came from...

or....

FXDD will get a platform to explain themselves on...for free...

or..

I don't know...and will never know as I am too stupid to see the trees for the forest
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============================================

OK, TIME TO FESS UP !

THIS WAS RESEARCH FOR A Ph.D. THESIS that is being prepared AT STANFORD that delves into group psychology in the internet era, and is most easily compared to the old childhood game of "telephone", where we watch how the story changes, emotions build, tensions increase and accusations are thrown !

You all have provided pages of research, which will be categorized and sifted, aiding in forming the results and opinions of the dissertation so stated previously !

We researchers wish to thank you for your cooperation and contributions, and wish you pleasure and treasure in your chosen endeavors ! Naturally, we hope for your permission to add your group in our footnotes as a valued contributor !

THANK YOU,

mp -- director of faculty/student research
Internet Forex project
Stamford University
 
Quote from mparkernys:

============================================

OK, TIME TO FESS UP !

THIS WAS RESEARCH FOR A Ph.D. THESIS that is being prepared AT STANFORD ...

THANK YOU,

mp -- director of faculty/student research
Internet Forex project
Stamford University
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I didn't paticpate in the thread because 1) I don't trade forex 2) going against broker is mostly a lost cause but if this is the case lets the thread starter say it's so.
 
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