Yes he lost 312k, and kept talking about it for the next 2 weeks. He only makes trades that usally get him 100 dollars each or a little more sometimes. That loss errased years of wins, but he makes his money from people watching him make these small little trades using a huge account. I will bet not many of the same people will pay to watch him again.
wondering why no one has mentioned the Universal Trading robo-trading account offered through TradeTheMarkets and Infinity. sounds like a bunch of subscribers enrolled and it's down for some over 50% since july... their forums are getting antsy
Is he the same Rob Hoffman that makes CME sponsored events?: http://www.cmegroup.com/education/events/2011-10-20-live-trading-robert-hoffman.html They must be crazy to associate their name with him...
I was in the room at time. Attached is a screen shot I took. I was in room for about 2 months prior to this blow up, went like 70 for 70 on trades following him. At that time he had gone like a year with no loosing trades or something like that. I would say his average winner in the two months I was there was like $500. So who knows, but overall I did learn a lot. I took what I learned not as the bible but just one more thing in a long list of things to do to become a successful trader. He would throw around what he made in 2010 (prior year at that point) and I got the gist it was in the 250k range ... in 2010 he was saying he was in the low 100's. So I would bet (no proof) the blow up was a year and have hit. Funny I was trading a dummy account at the same time as his and at same point went down -$500k, with 1800 contracts, then it turned around and made 1.2MM LOL. So would have worked if willing to hang in there (totally kidding) I believe Rob is very upfront with his blow up, take a few things of what he does, apply to your knowledge base and move on ...
Thanks for the screen shot. I had to zoom in to make out the numbers. When you add up the two numbers (realized loss shown on the right, PLUS the loss on the not-yet-liquidated portion of his position), it looks like he was down a total of $311,500 at the time that the MessageBox popped up. Rob's blow up is likely the most important lesson he could ever teach anyone about trading. Anyone needing lessons on trading should find another teacher. JMHO!
So basically Rob gave back almost everything, if not everything, he made in the prior 2 years as a result of the blowup? Does that put Rob in the same boat as the newbs he mentors? ...and therefore, doesn't his blowup simply mean that he just got demoted back down to newbie himself?
Even if is true that he lost everything from trading, his subscription fees likely covered his losses. It must be nice to have subscription fees (from people who think he's a guru) to fall back on.