the most important thing for them is to keep the nice and well natured subscribers. otherwise, they will be out of the business. but, unfortunately or fortunately for them? the supply of the newbies will continue. so. below are the people Rob is with now. http://www.marketinggameplan.com/products/item7.cfm trading room can be totally manipulated no matter how real it looks. i'm not particularly talking about Rob's room, but using hedge with other account etc. the presenter can use pseudo questions that they prepared beforehand to divert from the real questions from subscribers and so forth. i hope this will be a wake-up call for everybody not only for people who suffered but Rob and people around him. cuz i would like to believe that they too didn't start out, in the beginning, aspiring to live their cozy lives at the expense of others especially if they have significant others. they can start over from scratch if they so choose.
By the way, anyone wanna buy a "Robert's Indicators" video from me? I think it's a "$300 value". Any offers? No, wait!...it's actually a $599 video according to TDM! Someone please make me a reasonable offer! This video may be your ticket to the rich-house ....maybe if you fade them! Ha! http://www.tradethemarkets.com/products/item266.cfm
Part of this is from another thread: My understanding is that RH *only* had about 470 contracts when Infinity triggered the margin call. Total contracts traded after the exit would have been double that at about 940. Anyone that sells trading services and provides trading advice to the public and provides actual trading results is subject to being regulated and audited by the NFA at any time even if they are not registered with the NFA. All it takes is for one person to file a complaint. What you can be sure of is that if you can withstand a $300k loss and a margin call then you are probably making a lot more money selling the training than you are trading.
I don't know if it matters, or not, but Rob was always very clear to people that he was not a registered financial planner and therefore would not provide anyone with any advice on what they should, or should not do. He said he was providing people the opportunity to watch him trade as a professional. I agree with you 100% Although some people in this thread who clearly were never a part of the room or have ever traded with Infinity seem to think they know better. I've been out of his room all of this year, but I'm still confident of two things. 1) The loss was real. 2) He makes more off of subscriptions than he does his trading. It's also interesting to note that although Rob reopened his youtube channel to comments, his latest video where he acknowledges his loss has yet to receive a single comment. For those of you who are not satisfied with the legitimacy of his loss, why not go right to the source?
Hoffman had over 850 contracts and went for more when his account was locked by his broker. This has been confirmed by multiple sources that watched the trade live. He most definitely made more money from the training room than from trading. I think someone said his profits for the year was around $100-150k, which got wiped out by the "impressive" loss.
Comments probably have to be approved before they appear. Good luck getting a comment approved other than an ass-kissing comment.
I'd like to see some educator out there that tells people, don't add to losers but press your position when things move your way. Everyone seems to be in the averaging down camp and well, we know what those results look like as time goes by. FoN
It doesn't matter. The purpose of an NFA investigation is to verify that that someone working in the Futures industry is acting according to the rules of the NFA and whether or not they need to be under the NFA's regulatory umbrella. I'm not saying that they will determine that Hoffman needs to be under their authority, but they still have the regulatory power to look into what is going on and to audit his results. The key point being, if you provide real trade results, as Hoffman does every time he supposedly trades live in front of others, then that is subject to being audited to verify the results are real. You can have all the disclaimers in the world but once you say to a paying customer "this is a trade I took and this is how much I made," you are opening yourself up to an audit investigation to verify those results.
as long as you say this is for education then its outside the future authority. How do you think trader international, ttm still in business? by claiming 'education' only thats why.