Already profitable, what's next?

Discussion in 'Trading' started by metatrader54, Jun 6, 2018.

  1. jl1575

    jl1575

    Insane risks taken? what are you talking about? His entire risk was only $2000!
    Actually he took $2000 to $248,000 in about 9 month, and I recalled he reached $300,000 before he stopped posting.
     
    Last edited: Jul 6, 2019
    #41     Jul 6, 2019
  2. ironchef

    ironchef

    Well, I was too stupid at the time to know he was faking it. Not real trades, all after the fact trades so guaranteed winners. Was exposed by @destriero and barred from ET.

    When it is too good to be true, it is not true.
     
    #42     Jul 6, 2019
    expiated and Onra like this.
  3. destriero

    destriero


    OI would wait for a move and go over the time and sales and approriate a trade after the move occurred. It worked for a long time but he got sloppy. On occasion he would take an order amounting to a few lots and then say he was up 8-$10K... on a trade that made a few hundred. IOW he'd take a one lot hitting the tape and state he was long 20-50 lots. 100% fraud.

    It's one thing to make a call on paper... quite another level to appropriate a quick move of say 10 points higher in the SPX by hunting in the time and sales and picking a winning call that traded--by another trader.

    He simply ignored the posts until Baron stepped in and asked for some minimal validation. None came and *poof*.

    @smallfil was caught pulling the same scam on this thread as well.
     
    #43     Jul 6, 2019
    ironchef and Onra like this.
  4. TommyR

    TommyR

    10 percent compounding per month for 5 years is good i think you are too harsh on yourself. amazed you have no spare cash tbh at that rate.
     
    #44     Jul 6, 2019
  5. destriero

    destriero


    Doubles his money every 30 weeks and is broke. Sounds plausible.
     
    #45     Jul 6, 2019
  6. ironchef

    ironchef

    It took a lot of work to create 9 months' worth of fake trades and fake profits. I still don't understand why.
     
    #46     Jul 6, 2019
    destriero likes this.