So they should hold everyones hand, how can they make someone they cannot even see stop from putting on a hugh poition. I thougt of doing what they are doing, but with live video, to much bandwidth was needed.
Ok hold on here maybe I am missing something here but who's responsable for money management on your students?? Did you know how much they're trading in advance?? Did you know this guy was heavy loaded in advance?? Did you warned him about the consequences of over-leveraging?? what do you mean by a personal trade??
They recommend an inverse risk:reward relationship (risk 40 ticks to make 10 on the YM, for example), and call-out reversal, counter-trend strategy trades all the time. The nOOb who blew his account is probably one of their most loyal students, and as a result of him taking their trade and getting reamed, these self-promoters come on here and totally trash him in a thread (ostensibly to continue to promote their shaddy-ass service). LMAO. Jimmy Jam
well I tell you brother inverse risk-relationships are dead traps. You could make tons of money yet equally lost them in a couple of trades. I mean, some people do and I sometimes tweak the risk/reward ratio based on market conditions but you better be sure aobut the consequences and be hyper-caffeinaded to pull the trigger if the market really reverses on you. I do revese my position if the market goes the other way, but sometimes I get burned twice. Not for newbies ok but you know, it all comes down to money management. Who's responsible for that?... are they telling the studens to go in wit X amount of capital?? Who put the firecracker on his ass????
Didn't you notice the title to the thread? DAILY fatal newbie mistake. Anyone heard of Sigmund Freud?