Is what I'm reading in the other thread true, that he lost 312K in a single TF trade by averaging heavily into a trade that went against him? If so, I think I just lost whatever ounce of respect I ever had for him as a trader.
The reason I just lost all respect for him as a trader, is because he always pretends to be something he is not, which someone who is concerned about avoiding risk by waiting for the proper setups, etc. The problem is he adds to losing trades with leveraged instruments, so he is someone you should stay away from if you fear losing money!
What I find funny is that I see he has a new video on YouTube where he calmly talks about this as being another learning experience. LMFAO! How about the learning experience being not to play heavily with leveraged instruments the way Robert Hoffman does!
The problem with him is, while he does seem to have a good feel for the market, and seems to present the calm image of someone who is conservative about taking the best setups, his strategy of adding heavily to losing positions will ultimately blow one's account out. It may not happen for a while, but it WILL eventually happen if you trade like hime.
The real lesson is stay away from traders like Robert Hoffman who are playing with fire with heavily leverage instruments. Even though it APPEARED Robert Hoffman could pull it off and take money from the market, even he himself.
His loss IS a learning experience....and the lesson is don't trade like Robert Hoffman. You'll ultimately get your head handed to you, just like he did. His setups likely work most of the time, but all it takes is ONE TIME for a setup to fail when he averages in heavily and BOOM he blows up his account. What a joke! Lesson learned! Stay away from him, except for entertainment! Sorry, Rob, you're probably a nice guy, but I just lost all respect for you as a trader.
ADD: If, by any chance, he's still up for the year from his TRADING (not marketing or subscriptions), then I'll rethink my stance, but I doubt that to be the case.