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Project $1.0m (One Million Dollars)

  • #21
  • May 8, 2014 4:59pm May 8, 2014 4:59pm
Quoting pammPROF
{quote} OK. How about when we succeeds, you really shave your head and quit trading. The question now is this: how are we gonna know you will honor your words?Thing is, your opinion don't even matter as the saying goes, ONLY A FOOL DOUBTS PROOF. So, let's both wait and see as its just a matter of time. Trading starts next week.You said outrageous scammers promise 30/60% IN A YEAR. So you are saying hedge funds too are scammers. Just cos you don't know how to spell does not mean others don't. Just accept you can't spell then go learn.
You have provided no proof. Stop BSing me. You are gambling other people's money, you crook. I'll be here the day you either lose it all or remove the trade explorer. I actually dont feel sorry for all yout investors. They are ignoring the warnings. Greed is such a powerful emotion.
  • #22
  • May 9, 2014 9:11am May 9, 2014 9:11am
Quoting card
{quote} You have provided no proof. Stop BSing me.
Fisrt off, I have no obligation to provide you with any proof whatsoever. We choose what we want to show to prospective investors.

Quoting card
{quote} You are gambling other people's money, you crook.
Second, either we are gambling with other people's money or not, I see how this is your business. I bet you are one of those wannabe traders who don't even know what they are doing. I bet you must have recently blown your account and is trying to vent your anger here. You see, I even if I want to lash back at you, I can't seem to bring myself to stoop so low to your level. In

In the meantime, I will just simply ignore you until our set objective is met and we will see who is the crook.

Quoting card
{quote}I'll be here the day you either lose it all or remove the trade explorer. I actually dont feel sorry for all your investors. They are ignoring the warnings. Greed is such a powerful emotion.
All those who have invested in our project don't need your sympathy nor advise as its not your money they are investing. You said you will be here the day we will either lose it all or take down the explorer. I bet you will also be here when we succeeds.
Determine The Market Condition; then trade it!
  • #23
  • May 9, 2014 9:21am May 9, 2014 9:21am
Let the game begins.
  • #24
  • May 9, 2014 11:41am May 9, 2014 11:41am
Quoting pammPROF
{quote} Fisrt off, I have no obligation to provide you with any proof whatsoever. We choose what we want to show to prospective investors. {quote} Second, either we are gambling with other people's money or not, I see how this is your business. I bet you are one of those wannabe traders who don't even know what they are doing. I bet you must have recently blown your account and is trying to vent your anger here. You see, I even if I want to lash back at you, I can't seem to bring myself to stoop so low to your level. In In the meantime, I will just...

Yeah good one. You crook. I dont really give a shit about what you think. You are a freaking crook. It will be a cold day in hell before someone like you can hurt my feelings. I'm just here to warn as many people as possible.
  • #25
  • May 9, 2014 11:45am May 9, 2014 11:45am
Do not invest your money with this guy. If you have money problems and you are desparate, this will make it worse. You have better odds of winning the lottery.
  • #26
  • May 11, 2014 6:11pm May 11, 2014 6:11pm
Lots of signs that this guy is a scam:

1. Crazy returns that are just not possible
2. He keeps saying "we" have a strategy and "we" are running a fund. There is no we. He just wants to sound like a legitimate operation. Why would you need multiple people to run a retail PAMM account?
3. No evidence of past returns. Not even a demo account.
4. Bullshitting about him being able to detect momentum build up and get in before there is a breakout. If you run the statistics on momentum/break out strategies, you will notice that the win rate is not good at all. How many times have you seen something break out, only to move in the opposite direction within a few minutes or just keep see sawing? With the kind of risk he wants to take with YOUR money and trading every day, I would be surprised if he ends the week with positive returns.
5. He's from Nigeria. Good luck getting your money back or even reporting him to the authorities. He's probably not even using a real name with Liteforex,
  • #27
  • May 11, 2014 8:54pm May 11, 2014 8:54pm
Quoting card
Lots of signs that this guy is a scam: 1. Crazy returns that are just not possible 2. He keeps saying "we" have a strategy and "we" are running a fund. There is no we. He just wants to sound like a legitimate operation. Why would you need multiple people to run a retail PAMM account? 3. No evidence of past returns. Not even a demo account. 4. Bullshitting about him being able to detect momentum build up and get in before there is a breakout. If you run the statistics on momentum/break out strategies, you will notice that the win rate is not good...

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At the end of each trading day, I will post every detail of our trading for that day. At the end of every week, I will post a summary.
Determine The Market Condition; then trade it!
  • #28
  • May 11, 2014 9:03pm May 11, 2014 9:03pm
The OP deserves a chance to prove his trading/results. Only after his trading results have been proven here should anyone really actually take any action. So lets not jump to conclusions here really , sit tight folk and just watch for the timebeing.
  • #29
  • May 11, 2014 10:22pm May 11, 2014 10:22pm
Sure, everyone deserves to prove themselves BEFORE soliciting investors. This guy is just gambling with other people's money. And not just that, but he's blatantly lying about having this magical system that can give him mostly wins on highly leveraged bets. So, yeah I think it's appropriate to judge this guy for the crook he is.

He's just going to gamble away investors' money and vanish. Freaking crook and shame on all those idiot investors for pissing away their money. When they come back to bitch about how they were cheated out of money, I'll be sure to give them an earful
  • #30
  • May 12, 2014 1:42am May 12, 2014 1:42am
I hate to be the first one to post this but it is day 1 and already on that short GBP/JPY trade you have broken your rules as hightlight in Post 1 ie Maximum risk per trade 15% and yet here we are trade number 2, after a cocky reply to trade number 1 and picking the momemtum before the market moves, currently at -27.1% and moving.

Sorry, I am all for it when people risk there own money, but with investors on board, if you cannot follow a simple set of rules ON YOUR SECOND trade, on your FIRST day, then I am sorry for the investors who have put in. From here on in it cannot be considered trading as rules help define at a minimum the difference between trading and gambing.
  • #31
  • May 12, 2014 3:59am May 12, 2014 3:59am
Nice start....
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  • #32
  • May 12, 2014 4:02am May 12, 2014 4:02am
haha priceless.
  • #33
  • May 12, 2014 4:45am May 12, 2014 4:45am
wow, trading without a stop loss order is amazing!
  • #34
  • May 12, 2014 4:58am May 12, 2014 4:58am
Quoting PopatJunk
wow, trading without a stop loss order is amazing!
They are using a hidden SL.

Trouble is, I think they hid it so well, now they cant find it.
  • #35
  • May 12, 2014 5:59am May 12, 2014 5:59am
Quoting mrnicecookie
Hi Pammprof, Thanks for your replies to my queries, I have already invested the said amount and would like to contact you with regards to any queries i might have. Do you have a personal email or contact where i can reach you?
Right about now Mrnicecookie, I would be contacting Mr Pammprof and asking for what's left.

I am still gobsmacked at the blatant disregard for the set of rules at the start of this thread, a set of rules you established and regardless of how many people try and do the same, the current OPEN position short GBP/JPY which is DOWN over 40% shows that you are not ready to trade let alone with other peoples money.

You sir have destroyed any credibility you may have thought you had, and if Forex Factory values anything, they would shut down this thread to perhaps minimise damage irrespective of whether it is a commercial thread and their position on managing this section of the site. When trading other peoples money there is a duty of care to up hold and considering forums are a faceless place, you have solicited money through a quest to double the account each day by establishing rules to govern your trading. By breaching the equity risked per trade and obviously trading without a SL you are essentially gambling.

Mrnicecookie. take you money and run with it. You personally could have done better just by flipping a coin!
  • #36
  • May 12, 2014 7:00am May 12, 2014 7:00am
Quoting Mister Dave
{quote} They are using a hidden SL. Trouble is, I think they hid it so well, now they cant find it.
Brilliant! I nearly fell off my chair.

I'm amazed that anyone would invest with this guy and I hope not too many people have. There seem to be a lot of high leverage/high risk/high reward systems and threads knocking about recently but this thread just goes to prove that in the long run they are just not sustainable. Sure people can get lucky for a day, maybe even a few weeks, maybe a year but sooner or later high risks just lead to high losses in your account.
  • #37
  • May 12, 2014 7:11am May 12, 2014 7:11am
Quoting Hugh Briss
{quote} Brilliant! I nearly fell off my chair. I'm amazed that anyone would invest with this guy and I hope not too many people have. There seem to be a lot of high leverage/high risk/high reward systems and threads knocking about recently but this thread just goes to prove that in the long run they are just not sustainable. Sure people can get lucky for a day, maybe even a few weeks, maybe a year but sooner or later high risks just lead to high losses in your account.
My last comment here, I am sure that the OP has done enough damage but they'll be back. Looking at his profile, he has this account, plus a 50% growth account and finally a backup account. Not sure what the plan there is but if anyone comes on now then they just deserve to have the mickey taken from them.

High return threads I don't have a problem with but when you state a set of rules that help entice people to come on board, basically saying that 'yes' I am taking some risks to try and double the account daily but at least I have some kind of rules in place, THEN you break those rules on the first day of operating, that to me is morally so far left of centre that it just makes me wonder.

It is different when you take your own money and risk it, but when you take others on the premise of some form of planning and then break it, seriously.

You don't see these types of approaches ever really pay off, but I have see a few live accounts in my time where in a relatively short period of time traders have multiplied accounts by more than 10x and are still going. Those traders generally find a spot though where the risk and I am sure broker influences almost forces them to trade their plan on lower leverage and risk, but the gains are so good that it seldom worries them. That is why I take most of these approaches with a large pinch of salt.

Rant done, this thread is likely going to be done and I am sorry for those who may have put money in here thinking it was going to be traded, albeit with a low chance of success, but none the less traded and not gambled........
  • #38
  • May 12, 2014 7:34am May 12, 2014 7:34am
Quoting Razor_trader
{quote} You don't see these types of approaches ever really pay off, but I have see a few live accounts in my time where in a relatively short period of time traders have multiplied accounts by more than 10x and are still going.
You are right, so have I but it normally gets given back just as quick. It is just gambling in it's truest sense and sometimes gamblers win.
  • #39
  • May 12, 2014 7:28pm May 12, 2014 7:28pm
So much for the emergency stop loss at 15% of equity. 1 day in and you're down 68%. Nothing more to say here. I hope the investors at least learnt a lesson from this experience.
  • #40
  • May 12, 2014 8:10pm May 12, 2014 8:10pm
This has to be one of the funniest threads yet that I've come across on this forum.
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