How to lose 1.2 million dollars and burn 300 subscribers | Forex Factory

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Attachments: How to lose 1.2 million dollars and burn 300 subscribers
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How to lose 1.2 million dollars and burn 300 subscribers

  • #1
  • First Post: Feb 7, 2018 6:17pm Feb 7, 2018 6:17pm
I have analyzed the .csv trading history of a trader that was considered one of the best signals out there. I have spreadsheet that goes back to the beginning of his trades. It shows in detail every single trade, Symbol, Time, etc. PlusMax DD, Max # of trades he was in at the same time, the data on those trades , like $ involved etc.
I also have a video of all his trades plotted on a chart going back several month.

I don't know how to upload the video...
let me know if anyone has any interest.
Attached Image (click to enlarge)
Click to Enlarge Name: Market Low 2-7-2018 13-58-55.png Size: 81 KB
  • #2
  • Feb 8, 2018 1:06am Feb 8, 2018 1:06am
Quoting fxarcher
I have analyzed the .csv trading history of a trader that was considered one of the best signals out there.
If the green text in the chart you attached indicate his entries, then it looks like he was stacking positions on the S&P and got hit by the correction a couple of days ago. Perhaps a case of too much greed, too little risk management?
  • #3
  • Feb 8, 2018 1:36am Feb 8, 2018 1:36am
Quoting hanover
{quote}If the green text in the chart you attached indicate his entries, then it looks like he was stacking positions on the S&P and got hit by the correction a couple of days ago. Perhaps a case of too much greed, too little risk management?

Depends where his stops were.........
  • #4
  • Feb 8, 2018 1:45am Feb 8, 2018 1:45am
i was also checked that profile few times. but seems like there was some sacm, bcz he trades only on specific pair and very few brokers are offer that pair to trade micro lot.
so he asked his client to join under his affiliation . almost 90% trades joins to follow him. and now a sudden he blew his account. also antoehr thing is . inistially his account was 15-20k + prior to this incident he withdrawn almost 25k from his account (3-5 weeks before). which seems fishy as well.
  • #5
  • Feb 8, 2018 2:10am Feb 8, 2018 2:10am
What is the point here ? 1.2 million or 12 dollars. ultimately the result is always the same...
The forex is a huge money pit.

If you are showing that anything retail forex is absolutely dismal... then ok.
  • #6
  • Feb 8, 2018 2:24am Feb 8, 2018 2:24am
Quoting hanover
too little risk management?
From what I understand of the title HE didn't lose any money. His subscribers did! His risk management is very professional: he doesn't risk his own money....

BTW if he managed ~$150M it is OK to lose $1.2M
No greed. No fear. Just maths.
  • #7
  • Feb 8, 2018 2:25am Feb 8, 2018 2:25am
Quoting inversio
prior to this incident he withdrawn almost 25k from his account (3-5 weeks before).
Oh missed this one. He actually MADE money!
No greed. No fear. Just maths.
  • #8
  • Feb 8, 2018 2:31am Feb 8, 2018 2:31am
Who are we talking about here. Any links?
Your salary is the bribe they give you to forget your dreams
  • #9
  • Feb 8, 2018 3:32am Feb 8, 2018 3:32am
Quoting PipMeUp
From what I understand of the title HE didn't lose any money. His subscribers did! His risk management is very professional: he doesn't risk his own money....
If you ever set up your own fund, please don't bother sending me a prospectus........LOL

Quote
BTW if he managed ~$150M it is OK to lose $1.2M
I was merely replying to the first post, I didn't see anything about 150M, just that he lost 1.2M and 300 subscribers got burned.
  • #10
  • Feb 8, 2018 5:16am Feb 8, 2018 5:16am
I though the bigger success trader was CALM. He got 3000 subscribers with a 100$ account. His fall was well spectacular as his grow
Try don't lose pants never...
  • #11
  • Feb 8, 2018 5:26am Feb 8, 2018 5:26am
This guy has missed his calling, he should be on Wall Street, instead of playing this game for peanuts...
Look Sharp/Trade Tight
  • #12
  • Feb 8, 2018 6:31am Feb 8, 2018 6:31am
Quoting horvat
Who are we talking about here. Any links?

Bet this one he meant:
https://www.mql5.com/en/users/rafab1975

Quoting PayTheLimit
This guy has missed his calling, he should be on Wall Street, instead of playing this game for peanuts...
300*30$=9000$....quite a few peanuts for most
there is always, always another trade!!
  • #13
  • Feb 8, 2018 9:22am Feb 8, 2018 9:22am
Quoting fxarcher
I have analyzed the .csv trading history of a trader that was considered one ...
Perhaps this trader was fooled by Gordon Gekko's speech on Greed is Good!

Inserted Video
  • #14
  • Feb 8, 2018 9:27am Feb 8, 2018 9:27am
Quoting profitfarmer
{quote} Bet this one he meant: https://www.mql5.com/en/users/rafab1975 {quote} 300*30$=9000$....quite a few peanuts for most
I don't mind those peanuts from retail traders
  • #15
  • Feb 8, 2018 9:41am Feb 8, 2018 9:41am
The tipical NOOB mistake; trying to hit a home run "let the profit runs".. "its just a minor correction" etc etc..
  • #16
  • Feb 8, 2018 9:49am Feb 8, 2018 9:49am
Quoting fxarcher
I have analyzed the .csv trading history of a trader that was considered one of the best signals out there. I have spreadsheet that goes back to the beginning of his trades. It shows in detail every single trade, Symbol, Time, etc. PlusMax DD, Max # of trades he was in at the same time, the data on those trades , like $ involved etc. I also have a video of all his trades plotted on a chart going back several month. I don't know how to upload the video... let me know if anyone has any interest. {image}

Will be interesting to see.

Upload the spreadsheet here and upload the video to mega.co.nz and paste the link here with key.
  • #17
  • Feb 8, 2018 9:53am Feb 8, 2018 9:53am
Quoting havo
The tipical NOOB mistake; trying to hit a home run "let the profit runs".. "its just a minor correction" etc etc..
Nothing wrong with letting the profits run if you're still winning the brawls and caught up in another melee.

Realistically, taking profits too early just means you have to fight more matches and pay the spread to do it.
"The fun is in the hunt. Not the kill."
  • #18
  • Feb 8, 2018 9:57am Feb 8, 2018 9:57am
who is he ? anyone can share link ?
  • #19
  • Feb 8, 2018 9:57am Feb 8, 2018 9:57am
Quoting Redeflect
{quote} Nothing wrong with letting the profits run if you're still winning the brawls and caught up in another melee.
if there is NOTHING supporting that logic then its a noob move plain and simple !! you never know how much the market will move in 1 direction, you can make all the TA in the world and still end with an "educated guess" at best..

giving up profits in "hope" you can get a juuust a bit more = noob move
  • #20
  • Feb 8, 2018 10:01am Feb 8, 2018 10:01am
Quoting havo
{quote} if there is NOTHING supporting that logic then its a noob move plain and simple !! you never know how much the market will move in 1 direction, you can make all the TA in the world and still end with an "educated guess" at best.. giving up profits in "hope" you can get a juuust a bit more = noob move
Money is money no matter which way you look at it. As long as it's not 'just a bit more' and you haven't found a better place to put it then there's no reason to take it off the table. Letting it run to exhaustion though... Questionable tactic.
"The fun is in the hunt. Not the kill."
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