Thread: AutoFX - Mick
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Old 21-10-2004, 01:45   #8 (permalink)
MickMason
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Re: What's the point Mick?

Quote:
Originally posted by buff


Mick,

I just had to jump in here as I can't see any point to this thread at all.

Me neither, but then I'm not the one who started the thread, it was Autofx being antagonistic and childish. I don't understand where he gets his opening comments from, maybe he dreamt them up because they bear no relation to anything I've ever said, very odd behavior if you ask me.

There is absolutely nothing in any of his posts that is helpful to anyone, he doesn't seem to understand the very basics of this business even though he claims to be a 'seasoned trader', and he's trying to sell a losing system to gullible novices, that's the only reason he's here as far as I can see.

It needs to be made absolutely clear that his system can have significant drawdown and may not show profit for several months, if at all. It appears not to have the two most basic requisites of any trading system, money management and risk/reward. The system is totally unsuitable for any novice trader with limited equity, and would be of little interest to experienced traders as they will see it for what it is. Anyone can take a position and allow it to accrue massive losses until it turns to untargeted profit provided they have sufficient funds, but how many of us have that sort of cash?

I'm an intraday player, I don't hold on to losing positions for indefinate periods until they turn profitable just so as I can say my system works.

I'll leave it there, this thread is of no benefit to anyone....

Mick

Last edited by MickMason; 21-10-2004 at 01:56.
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