nobody attacked him. He dug the hole himself with contradicting excuses, smoke screens, Stamdford research project, and blatant disregard for prudent money management.Quote from femmeforex:
Gents,
the "she" MP speaks of is ME.
ACDspit00- Id like to say Ive been down where u have and I understand the feelin you feel, However what where u thinking posting this? Resolution will not come of this!
and as far as MP is concerned
I know exactly who he is and what he has done for me as well as many others! This constant bashing is ridiclulous and yet continues. Have u not done your DD on MP. He has been a successful trader for many of years who has gone above and beyond to help others! Period! And well, some may not understand him you dont need to and who are any of u to judge him! Yes something happened there is no doubt...but MP has remained in the Lions Den for long enough. <font size=4> U guys attacked someones reputation who has been clean and unscared for over 10 years.</font> This topic has no business being on a forum and I do believe it was said once it stops both will move ahead with talks! Its a snowball effect and boys Let It Go! Mods u can remove whatever u want! Do the right thing and let it end here... MP is very well respected by MANY so please before a can of whoop ass gets released on your boards from the flock of hundreds from sho REMOVE IT! Im disturbed that u let it continue for this Long...
Respectfully,
Quote from HolyGrail:
He makes 25% of all profits. HE CAN'T LOSE. All he needs to do is convince enough people to give him the opportunity to trade for them.
He can also take the other side of the contract and have 25% LESS RISK.
EDIT: If he has 4 clients he can trade RISK FREE ON HIS SIDE OF THE LEDGER.
Quote from mparkernys:
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an intelligent question was asked, and here we go again with the conspiracy theorists !
I CANT MAKE A THING IF THE ACCOUNT DOESNT GO UP !
now read it again, cause what you wrote this time makes less sense than anything else youve been writing !
mp
==========================================Quote from HolyGrail:
You must really think people are stupid. If you trade 4 contracts for chris and go long while shorting 4 contracts for yourself (because that is where you think the market is going) you can't lose. If it goes your way you win, if the trade goes against you only lose 75% of what you would have lost. You are using your clients as a HEDGE against your own stupidity. And then when the market comes back you can tell your poor suckers if they only put more money in they would have won big time.
Quote from mparkernys:
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thnx for the wondrous plan, but it bites the big one -- if i knew which way the mkt was going, i wouldnt need to hedge anyones account,
mp
Quote from PohPoh:
I dont understand the first trade...it looks like he entered a short JPY and then offset it a few minutes later...why does it show as a 3K loss 2 days later?
I make it a point to know how money CAN BE MADE from any sitiuation.Quote from mparkernys:
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I would never dream of doing what you say, but i can see that you sure do !
mp
Quote from late apex:
MT4 (MetaTrader) is a hedging platform. No trade can ever close or modify any other open trade. To close or modify an open trade, one must close (either fully or partially) or modify that trade itself.
So, to answer your question, that's not an offset, that's a separate, 2nd trade in the opposite direction, short 4 lots USD/JPY. It did not close the 1st trade, also 40:1 leverage, long 4 lots USD/JPY, opened exactly 5 minutes earlier.
Quote from JimmyJam:
Makes perfectly good sense to me.
You guys have pretty much figured how the scameister gets it done.
He'd better hope none of his other victims get a hold of this thread, otherwise he might have problems.
JJ
Quote from HolyGrail:
That's the whole point. YOU DON'T KNOW WHERE THE MARKET IS GOING AND YOU ARE AN INEPT TRADER. The solution is to hedge WITH OTHER PEOPLE'S MONEY.