Thread: How to lose 1.2 million dollars and burn 300 subscribers

I have examined the .csv trading background of a trader which was considered one of the best signals on the market. I have. It shows in detail each and every transaction, Symbol, Time, etc.. PlusMax DD, Max Number of transactions he was in at precisely the same time, the data on those transactions , like $ included etc..
I also have a movie of his transactions plotted on a chart going back a few month.

I really don't know how to upload the movie...
allow me to know if anybody has some interest.

Originally Posted by ;

I have analyzed the .csv trading background of a trader which was considered one of the best signs on the market.

If the green text from the chart you attached signal his entrances, then it looks like he was piling places on the SP and got struck by the correction a couple of days ago. A case of too much greed, too little risk management?

Originally Posted by ;

quoteIf the green text at the chart that you attached indie his entries, then it appears like he had been stacking positions about the SP and got hit from the correction a few days ago. Perhaps a situation of too much greed, too little risk management?

Depends where his stops were...

I was also checked that profile couple of times. But seems like that there was some sacm, bcz he deals on pair and brokers are provide which pair to trade lot.
So that he asked his customer to combine beneath his affiliation . Almost 90% trades joins to follow him. And now a surprising he blew his account. Additionally antoehr thing is . Inistially his account was 15-20k prior to this episode he pulled almost 25k out of his account (3-5 weeks earlier). Which seems fishy.

What's the point here ? 1.2 million or 12 dollars. Ultimately the outcome is the same...
The Foreign Exchange is a huge money pit.

If you're demoning that anything retail Foreign Exchange is completely dismal... then okay.

Originally Posted by ;

too small risk management?

From what I know of the title HE didn't lose any money. His subscribers did! His risk management is very professional: he does not risk his own money....

BTW if he managed ~$150M it's OK to lose $1.2M

Originally Posted by ;

prior to this episode he pulled almost 25k from his account (3-5 weeks earlier).

Oh missed this one. He actually MADE money!

Who are we speaking about here. Any links?

Originally Posted by ;

From what I know of this name HE didn't lose any cash. His subscribers did! His risk management is very professional: he does not risk his own cash....

If you ever set up your own fund, please don't bother sending me a prospectus....LOL

Originally Posted by ;

BTW when he handled ~$150M it's OK to lose $1.2M

I was only responding to the initial article, I didn't see anything around 150M, only that he lost 1.2M along with 300 subscribers got burnt.

I though the bigger success trader was CALM. He got 3000 subscribers using a 100 account. His collapse was well spectacular