(By break even, I meant his trading will become 50/50, not that he will recover from his impressive 300k loss.)
Ironically, John Carter's own trading plan has the following rule: "If you hit a 30% total drawdown, it is time for a 6 week break from trading." Maybe Rob needs to follow that rule.
I would expect that he still will have a high percentage of winners, but the losers will be more frequent than before and the losers will still be bigger than the winners. He will probably be break-even overall. Even if he is profitable, most of the followers will likely still get chopped up and lose money.
I'm sorry you got burned. I didn't say I was smart. I said I was idiot. And yet I still knew this guy was full of shit. Why is that so remarkable to you? lol? Do you somehow think you have to be smart or join a room to see what a loser someone like this is? Robert Hoffman was a marble mouth liar from day one. A loser, who tried to feed off other losers. It was fun to rag on him back then and now. It's not easy for someone as dumb as myself to find more pathetic traders. I found 2 now. How much did u lose?
If you have a hammer, everything looks like a nail. If you think everybody is a snake oil salesman, ofcourse you would think the Hoff is a snake oil salesmen. After-the-fact I-told-you-so's won't help any newbies avoid future catastrophes. As I said, you would not have known his actual trading style unless you was in his room. Yes, I was in his room a month. His conversation in the youtube videos is not similar at all to his trading style in his live videos.
Interesting how it took a blown out account before he decided to use stops again. And people are paying him for this expert trading advice?! I would think that he would have to trade less contracts after blowing out his account! Just sayin'
you are all very lucky to have a man like that willing to trade in public. suggest you send as much as you can to the Get Back To Even Fund(c) so he can resume showing you how its done at an early date.
Another ingrate . They crucified another good man some time ago. Play it again, Marty (check out that blonde)
What is the latest on Rob Hoffman.? Did he make it all back the following week (and then some).? He was going to post a clip on youtube with detailed analysis of his disastrous 312K trade, he never did i think....at least I can't find it.