If that guy knew the first two things about reading price action and trading in harmony with correct directrion... he would have never even considered all that average-down crap. The fact that a major part of his approach is based on additional entries as price moves sharply against means he has no clue about how to properly trade the right direction in the first place. No bias or opinion on my part... that's a straight-up fact. Traders who can trade price are not positioned where the market shoves itself down their throat. As for those guys personally, no one really cares. They could all blow their accounts up and it hurts no one else. BUT... and that is a big but... they hold themselves out as educational experts while leading countless others straight down the wrong path to failure and destruction. THAT is the one part which appalls me
Seriously...why would you want to learn trading from a horrible trader/blow out artist who makes all of his money from collecting 300 bucks a month from people who have no clue? It's not like the guy makes money trading.
Basically guys like Hoffman lead sheep into the slaughterhouse..... Educational experts....LOL...that's hilarious. They are marketers...not trading/education experts. Real traders don't try and hawk their ideas on a website for a fee....they trade and make far more money from their trading.
Yeah, he hastened the deaths (by 24h) of these degens trading $500 haircuts at global futures. Not if, but when. It's only a matter of duration.
The funny part is that people think they will spend $300 per month for his room and make money on "his calls" lmao! If folks would go there to learn, maybe they would - but they won't do that, so they don't learn anything lol. Then you have peanut gallery wanna be traders who think they know everything - telling other unknowing folks ridiculous things who are hoping to learn - as though they could learn anything from the wanna be traders who can't trade their way into to two consecutive winning days rofl! It's a viscous circle - keep up the great job teachers! LOL
Yeah...the guy was making a few thousand at most each day (and that's being generous), loses 325k...then made it back already? No way in hell. Loses 325k on an 800 lot....now trades 10 lots.....yeah...he made it back.....man...people will believe anything.
See, this is freaking hilarious to me - and if they're not offended, it would make anyone who has been taught by Rob laugh because it shows you have zero clue about what you're talking about LOL.
I'd be surprised if he didn't make it all back.........they guy does have an 8 figure account - what's the big deal?