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Originally Posted by jtraderfx
Let me just point out some of my observations
1. Does Iris use MM? Does he know what it means? It seems that he lets trades run many thousands of pips into the red and seems to hope that it will reverse one day and be profitable. Then if it does eventually turn profitable he will come here and announce that he closed it well after the fact. He seems to be trading to the left of the chart. If it doesn't work out, he will disappear and eventually come back once the dust has settled to claim being stopped out for profit. So out of the 2000 posts, how many are believable? Of course he will have a high success rate when he trades to the left of the chart and his broker must be unique to allow him to trades off yesterday's prices.
2. Iris is making the calls here and anyone who does is up for scrutiny. If he lets trades run many thousands of pips into the red then it is only natural that people will question it. If he makes calls based on the past, then again, someone will pick it up and criticise him. There is no need for others to start making their own calls. If someone criticises your president or my prime minister, they don't have to setup their own government to show them how it's done. They will simply point out their veiws and objections.
3. My main point to this thread is that there is very little transparancy. All he needs to do is to explain his position when things don't work out. That seems to be a very difficult thing for him to do. He applauds his successes and covers up his losses. Fairytale land thread.
j
j
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Do you really believe that Iris 'lets trades run many thousands of pips into the red and seems to hope that it will reverse one day and be profitable'? Iris is an experienced trader and of course he would never do anything THAT stupid.
What amazes me is that he actually hopes to get away with this naive primitive lie rather than admitting his mistake. Strangely, there are quite a few traders around who accepted that lame excuse and even followed it wiping out their accounts.
But the bottom line is: anyone who advises you to do anything like that for any reason (whether it is stupidity or cover up) has zero credibility after that for good.