Quote:
Originally posted by wozdan
Kal,
You have made 4000 pips in 3 months on GBP/USD?
That is really incredible...if my calculations are correct that would be about 40 times the equity involved when trading at 100:1 leverage!
What is your system based on, in general, no specifics just what is your philosophy?
Why do you post your results on an Internet forum? You are most likely a billionaire right now...so why waste your time?
wozdan,
|
The live trades he's posted on MoneyTec add up to around 378 pips over two pairs with risks in excess of 900 pips and no published stops or limits at the time the trades were posted.
The past-performance results he's posted here and on his website are pure fiction and an attempt to solicit for new subscribers to his $300-per-month forcasts-via-email.
One minute he says he isn't selling anything, the next he's advertising in the classifieds and on various forums, as well as using a variety of aliases to endorse himself.
His 'system' is based on averaging, adding to a losing position in the hope the market turns in his favor. The risks in his live posted trades were far in excess of the potential reward and subsequent profit realised for those trades collectively.
Silverbulit has already lost two accounts using similar tactics, something he conveniently omits to mention, it now seems he's trying to recoup some losses from unsuspecting new traders by claiming untruthful and unverifiable results.
Whatever leverage he uses is academic, risking 900 pips to gain 378, adding to losing positions, allowing losses to run, and
hoping things turn out ok are not sound trading practices and will eventually result in loss.
Mick (no, not Mishak or anyone else, Mick, M-i-c-k
)