Lost half of my years salary in a week!

Quote from acdspit00:

i regret saying that about ya PohPoh its just not helping me now, 3 years from now when all is over and done with I will look at it as a good lesson but even if i did get the money back some how I would still have learned the same lesson but without an indigent effect.
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Hey Buddy...
When I was in Florence, Italy when I was 17, I played a shell game on the street with some guys. With a small amount of money, I won once. I won twice. Then, I busted out $200, and got DUUUUUUUUUUUPED. I never felt so horrible. The same thing happened to you.
To me, $200 was a huge figure. Not so much the amount, but the fact that I had been so hosed, and been so dumb. Loss is the only real teacher we have in this game of risk and reward.

So when I tell the guys to stop telling the scam artist scumbag to return your money, it's for a few reasons.

A) You ain't getting anything back from a scammer. It's just not going to happen. It's like wishing you wore a dome after a drunken night of banging the town whore. I wish - but oops. NATTA one silly EYE-Talian in Florence felt sorry enough for me to return MY money. It's the nature of the scam. You were dead the minute you said "Hi Mike"...

B) Getting your money back won't teach you a lesson. LOSING it will. I know it sucks. I've been there. I've been hosed for MUCH MORE than 10K (see RefcoFX). Next time be more cautious. You will NEVER forget this for the rest of your life.

C) Trading is filled with losses. It's not about ego, or even so much winning. It's about protecting what you have with a steely cold grip. Trading is about taking more money out of the market than what you put in. When someone promises you the moon, or a dollar figure/day - let that be another red flag.

Trading lessons, like life lessons, are HARD.....

I do wish you all the best and I'm sorry if you feel like I'm rubbing salt in your wounds. I'm not.

Cheers.
 
This probably won't make me very popular as a first post but I'm very new to forex and have been reading up on the industry a little in the past weeks. I came across this thread and have to say, AWESOME THREAD! It's better then a soap opera. I hope it stays visible for all the newbs out there like me that aren't necessarily posting, but I guarantee appreciate it.

That said, I don't think he should give the money back at all. I'm a 'former' gambler. It became almost nature to look for ways to make an easy buck, or place a sure bet. There are no sure bets, and it looks like forex is in the same vain where as you're trying to predict the future. People see poker, sports betting, and black jack as a game of skill too yet pros win and loose none the less every day ...

I had a buddy who put a bet on a 'sure win' for a sporting event back a few years ago. I'm talking more money then we are discussing in this forum. The sure bet didn't come through and let's just say it was a good thing he had friends and family willing to sell a few things to keep him on this planet with a debt like that.

You trusted someone with your money promising you great things. I don't see it any different then trusting a good poker player to play at the WSOP for you. $10K to get in. If he flops a few bad hands, he's out early and there goes your cash. Even the pros mess up at this tournament. You're going to argue with him? He wasn't pulling a gun at you to give him the cash. You decided to go through with it. You knew there was a risk.

I know it sucks bud and I'm sure plenty of us here lost at some point in our lives but I still am taking his side on this one.

Best of luck.
 
Well, your buddy didn't take the 10K buyin and run out of the casino.
He probably didn't portray himself as Texas Dolly.
Paying Phil Hellmuth's buyin at the WSOP is different than paying your buddies' buyin.
But getting scammed is what happened here...
 
Pro or not, when you hand someone $10K, or worse your life savings to trade in an industry that repeats a billion times how 'risky' it is, who's fault is it in the first place? Did anyone forget that he was asking the guy to trade for him and not the other way around? The dude didn't want to. Then he does, it goes wrong, and you ask your money back? I can't see how if you step back from everything you can still feel he owes him something.

If you ask Daniel Negraneux to play at the World Series of Poker on your behalf (or trust a guy who talks a lot at which point it's your fault anyways for trusting), he says no at first, then says yes, looses from 1-2 bad hands, and you want to take legal action against him? Wake up.

Don't play around with money you can't afford to loose in an industry you know jack about from some guy who talks a lot. This seems like common sense, though I guess we have the advantage as we see the outcome.

If he used the crazy strategy and it worked, it still would have been wacked out to give it a shot in the first place with your life savings on the line, unless of course you accepted prior that there was a chance of loosing everything.
 
Quote from MrBob:


If you ask Daniel Negraneux to play at the World Series of Poker on your behalf (or trust a guy who talks a lot at which point it's your fault anyways for trusting), he says no at first, then says yes, looses from 1-2 bad hands, and you want to take legal action against him? Wake up.
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The difference here is that Daniel doesn't entice people on a board all day making claims of how much money he can make.
 
Quote from MrBob:

I don't see it any different then trusting a good poker player
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By your logic, the victim of any con job or fraud should accept the loss as his failure and walk away?

How stupid is that?

And what does that say to the perp? "Oh, gosh, it was my fault. So good luck with your next victim."
 
Mr Bob are you sure your not MP parading around the forum at a local library so we don't know its you tryin to give yourself brownie points... and lindq made a good point...why just give up all hope of even getting a nickle back and let this happen to someone else when I can take some action..especially when my lawyers are free!!! I won't give up.
 
Quote from HolyGrail:

In addition, blowing out a 10,000 dollar account in 4 days in JUST PLAIN IRRESPONSIBLE!! I don't think I could do that if I tried.
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With stats like that the dude needs to sell a fade service and it would be a hit.
 
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