DislikedI'm at nearly 50% DD. Alum should say something, as this DD in one week is simply unacceptable.Ignored
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combined time frames: long/position/short via fx/cfd/binaries 1 reply
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DislikedI'm at nearly 50% DD. Alum should say something, as this DD in one week is simply unacceptable.Ignored
Alum Trading Signals Update
First of all, i would like to apologise for the delayed update as many of my investors are aware this is a busy period in my life on a personal level and i was busy for my weekend function, so i have been unable to post my update.
My account is 33% down and ive been told some people accounts are 50% down, ofcouse this must be due to slippage. I have to agree with Terraforce my approach did change when investors kept complaining about slippage, so i tried to become more selective with the type of trades i took which meant, lots of my winners where then excluded from the win and loss ratio. This is not a excuse, im only stating what has happened this week. However my confidence is not low at all, i am fully aware what the problem was, and i am ready to bring my account back up, like i have mentioned before, i do not blow my account, i hope no one here blows here account with my recommendations. I know we are on a tight string, but this is not as hard or big deal as some investors are thinking, it only takes 4, 5 winning trades and you all will feel less panicky.
In total around 10 to 15 winning trades. I will review each day and take my trades, ive not revenged traded or panicked at all. I would also like to give investors some advice, when investors panic quickly over slippage or drawdown, this is why in the past providers have revenge traded and took even more silly trades, so they can quickly recover so the investors do not run away, so what ends up happening is, they blow your account very quickly.
I am giving my skill a chance to recover your trades as ive done this in the past, and seriously its not impossible at all. I have to agree the drawdown is unacceptable and in truth not at all the service i want to provide, therefore once all the accounts are recovered and back in profit, i need to be clear on a few things about slippage.
Slippage and rejected trades is out of my control. However if every one faces slippage then il take some responsibility for that trade and take a extra trade to balance things for the week. Even if 70% of investors face this issue, i will consider taking extra trade to cover the loss etc. However if lets say 12 different people got slippage on a trade and then on a another 20 different people had slippage issues, then this is a individual base scenario.
As a individual i cannot keep trading extra trades to balance your account every week, as a individual we need to look at the wider picture. Therefore ive decided if any investor has spent 4 weeks with me from this day onwards and is not in profit because of slippage, then he will free signals or discounted 60% signals every week, until he is back in profit. My account can grow by 50% but if your -10% then there still is no real reason for you to be with me, this is why ive considered free signals or discounted signals after the 4th week for subscribers that have been affected by slippage. This now gives me the freedom to trade and take my trades, and i am certain lots of them trades would be winners anyway, i just had worried about them to much.
I do not want to discuss slippage with any investor untill the 4th week, then we can review the investor account. Also people whoever adjusts trade sizes are not eligible because when the account is in recovery mode, you have reduced your trade size and your not getting the recovery you should be getting, so your drawdown would remain still nearly the same.
I still believe this has been my teething period, as trading is different to the business of giving signals, as i was concerned about slippage, the first 2 weeks i was not concerned and i just did what was required and it was done so easily. I would like to go back to that now.
My investors need to give me the opportunity to bring this account back up, and then they are free to consider what they want to do.
I will post my results on here like i do every week before trading starts again, i have been busy but i thought this update message is required before every one starts assuming ive ran away all quiet. This is not the case at all.
Once again im cool as ice and im not panicked, this is achievable you just need to break it down in little chunks.
Many Thanks
Alum Trading Signals
DislikedAlum Trading Signals Update First of all, i would like to apologise for the delayed update as many of my investors are aware this is a busy period in my life on a personal level and i was busy for my weekend function, so i have been unable to post my update. My account is 33% down and ive been told some people accounts are 50% down, ofcouse this must be due to slippage. I have to agree with Terraforce my approach did change when investors kept complaining about slippage, so i tried to become more selective with the type of trades i took which meant,...Ignored
Disliked{quote} Alum For forgot to reply my message, please give me a response. Alum, I got one problem with signalpussh, before I purchased 75& a week, but I forgot to cancel it and for last week I only want to trade 50$ , but signal push still charged me 75 $ and I do ask t to refund me 25 $ because I only trade 50$ for account 1000$ But signalpush could not do a refund, so I lost my 25$. But I did cancel the subscription this week because I want t go back to 50$ subscription, but signal push told me I don't have insurance subscription for canceling....Ignored
Alum Trading Signals Week 4 Results
The week starting from 31st March up till 4th April, i had 33% drawdown on my personal account.
There are investors who were 50% down because of slippage, because i did no reach a 60% win ratio which is minimum expectations, all my investors have had a free week.
I am not making excuses but because of slippage complaints i was very vary and as a result could not trade my original trading plan, i became more vigilant which meant a lot of my winners i was just watching and when i did enter, overall it was not giving the good results it should. I of course have highlighted before the plan i have in regards to slippage and now i trade with a free mind, and i am confident before i go on holiday people accounts will be back up.
I know this is not what was expected from my service, and i need to be honest with my self, its also disappointing for me. Im a man of action and i will let my trading do the talking. Im not going to revenge trade the market, i will do what i have been doing for the past 2 years and i know doing what i do can win the markets with least risk.
Below are the trades i took, and only 1 loss was taken on my account which was not a signal as i was not signed in.
DislikedSubscribed to you 2 weeks ago. I experience a lot of slippage and not in my advantage unfortunately. For example trading seesion from tonight 3 trades worked out as wins for you but I lost 2 of them and one same. In this way it will take a long time for my account to recover. I hope it will get better.Ignored
DislikedYou're not wrong, 4xplosion. One good thing about alum's advertisement, it's opened up my eyes to the raw potential of signal providers when managed well. JustSignals, and that Vortex guy seem to do well (except when vortex blows his lid and draws down a massive 20 odd percent!!)Ignored
DislikedYou're not wrong, 4xplosion. One good thing about alum's advertisement, it's opened up my eyes to the raw potential of signal providers when managed well. JustSignals, and that Vortex guy seem to do well (except when vortex blows his lid and draws down a massive 20 odd percent!!)Ignored
Disliked{quote} Oh that Vortex guy is a time bomb. he was banned from the other binary forum because he used a demo account to send out his trading signals yet claiming to be trading his funded account. when he was exposed, he even tried to cover it up. besides that, he blew his account couple of times causing a lot of his subbies crashing their accounts. i think one of his trading week was as low at 12% ITM as performance at one point. Then he quit. Weeks later he came back as a new signal provider claiming to have figured everything out. 2 weeks later...Ignored