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What the heck is this ??
- Thread starter sonyericson
- Start date
Quote from joe4422:
Seems like a pretty simple system. Nearly every news announcement will bounce both ways, so you just use a tiny target and a big stop loss. You get a lot of wins, but whoops, every loser whipes out a few weeks gains.
You don't actually make money with this system. Daddy owned a big company that went out of business, so you throw a logo up over one table and pretend like it's your big company, when in reality, it's just another piece of empty commercial real estate.
Then you sell this crap for a big chunk of money.
If you want news announcements, get tradethenews.com. duh.
If you want to use a huge stop and a tiny target at a moment of a volatillity spike, all you need is a coin.
Jus to let all newbies out there know, this whole idea is really, really dumb.
By the way, anyone can type up phoney brokerage statements. Do those even look remotely real to anyone?
+1
This thread pretty much looks like it's dead but I decided to post this anyway. I was in a webinar for Hindsight Trading which was previously owned by Jason Anderson and Sean Larsgard and I found something interesting on Hindsight's website relating to Jason & Sean. In describing the company and trying to distinguish the new ownership, the website says "In early 2009 the founders decided to pursue their dreams of Trading a Large CTA Fund which opened the door for the new ownership group to form creating the NEW HINDSIGHT TRADING". This is a direct quote that I copied and pasted from Hindsight's website. The point I am trying to make is that I guess Jason & Sean's dream of trading a large CTA fund did not pan out so they are hocking junk software to naive traders. (btw, the founders are Jason & Sean)
You also need to be careful when dealing with Hindsight Trading since it is run by former students of the company that Jason & Sean put together (although I have no dealings with Hindsight other then attending one webinar, so this is only based on pure speculation and a pinch of healthy skeptism). I would also question why they would've sold the company just because they wanted to manage money. They could've hired trainers and some executives to run the company (while starting their fund) which I would think would help them reach their goal of trading a large CTA fund as a result of having access to many traders who would get to see first hand how good their methodology is.
Just my 2 cents...
btw, not that this matters much, but there is no such thing as a CTA fund. CTA's manage individual accounts held in the name of the owner of the account and a CPO is a commodity pool where all funds are traded collectively. Just a minor thing I wanted to point out to highlight ignorance on the part of Hindsight which is a small red flag reflecting that they might not be as professional as they hold themselves out to be (but then again, I don't think Hindsight has held themselves out as money managers of any kind so take that for what it's worth).
You also need to be careful when dealing with Hindsight Trading since it is run by former students of the company that Jason & Sean put together (although I have no dealings with Hindsight other then attending one webinar, so this is only based on pure speculation and a pinch of healthy skeptism). I would also question why they would've sold the company just because they wanted to manage money. They could've hired trainers and some executives to run the company (while starting their fund) which I would think would help them reach their goal of trading a large CTA fund as a result of having access to many traders who would get to see first hand how good their methodology is.
Just my 2 cents...
btw, not that this matters much, but there is no such thing as a CTA fund. CTA's manage individual accounts held in the name of the owner of the account and a CPO is a commodity pool where all funds are traded collectively. Just a minor thing I wanted to point out to highlight ignorance on the part of Hindsight which is a small red flag reflecting that they might not be as professional as they hold themselves out to be (but then again, I don't think Hindsight has held themselves out as money managers of any kind so take that for what it's worth).