GBP&EURO Trades (silverbulit) Part 2

[currencia]

Mishak, U are talkin stu.... U should maybe tend to business as a moderator and stay out of trading, as U R imparting your personal views and biases about how to trade upon others and do so in bad taste. U have not a clue as to what his ratios are because you dont know what his account size is as compared to his lot size traded. You are apparently by the way U talk one of those who trades all available funds in your account and then has to set an arbitrary psychological stop on your scalp trade. Get a life. Stop trying to tell others what their account size ought be or is and surmizing how many lots they traded at what margin level. If the guy sold at 2500 and bought back at 1800 it sounds like it would have broken your bank many times over, but it is possible that it could have made nary a dent in another traders account or ratios. As I recall , without refreshing my recollection, the trader got stopped out and re-entered. I haven't followed his trades very close and don't necessarily agree with what he/she posts, but you have no bases to surmize the things you do; especially coming from a moderator. Lighten up a bit.

One well known and often quoted trader that I know, trades one mini lot (a $100,000 lot) at 100:1. His account size is one mio. A 175 pip or $1,750 loss means nothin in the scope of it. So, $1750 bucks may kill your account completely, but stop posting that it therefore would do the same with other's accounts when you have absolutely no bases to say such things.

[MickMason]

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 )

[wozdan]

What I meant to say really, is that it's pretty incredible that someone has a system, that gives him a return of 40 big figures in 3 months, whatever th account size and leverage.

Currencia said about a trader that trades 100,000 lots, account of 1 mio, so it is a rather safe ratio of position size to eguity - very little risk to equity here

But still, it is about 4% in 3 months with very little risk (because of the high lot/equity ratio).

My question is this, does anyone ever traded this system on a live account? Because paper trading and live trading have very little in common....I myself have a system that gives me more than 25% retern per year but on paper it looked like it could earn me 10 times that...

wozdan

[wozdan]

meant to say LOW lot/equity ratio...

[MickMason]

Originally posted by currencia
Mishak, U are talkin stu.... U should maybe tend to business as a moderator and stay out of trading

I think that's a bit unfair, from what I've read of Mishak's posts he's only ever tried to offer practical help to other members and imparted his knowledge and experience in an unbiased and neutral way without any ulterior motive.

Unfortunately the same cannot be said for all subscribers here

Regards

Mick

[wozdan]

Mick,

Well, that explains a lot ..
be aware then
regards

[currencia]

"Unfortunately the same cannot be said for all subscribers here"

Yes Mick Mason, after 62 posts from a 30 day newbie, surely you were looking straight into the mirror when U make such comment.

If not, perhaps U should try that shrink U were talking about in another thread. The mirror would be cheaper if you would only listen to yourself.

Post your own trades for inspection. After 12 years of trading and 62 posts in less than a month member here, you ought be ready to show how it is done rather than go overboard criticizing others who dare tread. Silverbullet doesn't need your "help" to show how he is doing.

So just trot on over to trade reco's and fire away by pressing the "new thread" button. That way, U can really be protecting the innocent newbie from unscrupulous trades of others by showing them the MickMason way in positive fashion, rather than all this bashing of others.

I'll look forward to congratulating you on your first successfull post.

[silverbulit]

currencia,

Thanks for your posts. They make alot more sense to me than most of the BS that goes on here including some of the posts from some so-called moderators. He still hasn't answered why he allows others to post their past performance without having posted them live on here and will not allow me to do so. Clearly there is some affilliation/benefit with them that he's worried about losing.

mishak (and the rest of you skeptics),

The fact of the matter is my results are audited and they prove beyond any doubt that what I'm posting is real. The results on my website are real and they are only getting better with time. And believe you me - I've already raised many eyebrows from those who really matter (investment houses and banks). It's just a matter of time. Just remember my name.

And the fact that some of you make a big deal out of $150 or even $300 per month for that matter to me confuses me. This money hardly even pays for the time I spend answer questions etc... and if that kind of money seems significant in your measure then clearly this service is not for you. To any serious investor paying even $5K for one month of what i offer is absolutely insignificant. This is not me speaking. This is my clients.

I know I come across as harsh and sometimes insensitive. But, sometimes you really have to say what's on your mind.

All the best,
Kal