If people read this thread or any of the latest news on this guy and still pay to learn from him, they deserve to be parted with their money and I have no sympathy at all when they blow out their account. The guy is a horrible trader, anyone who can't see that should not be trading.
2 winning years is more than enough of a track record to become a trading guru. The guy could have stopped trading altogether... that is if he understood his trading methodology was leading to inevitable doom.
+1 It can be proven mathematically that averaging down, martingaling, and selling tail insurance and or naked premium are basically the same. If you play long enough you lose everything.
there are virtually no people on earth besides very elite group of traders, who care about math or statistics in trading. most clients of these scam artists want EMOTIONS! this thread about losing 300k in a single trade will only bring more customers to Mr Hoffman.
Red flags: Discretionary trading: discretionary trading cannot be taught. Powercharting.com website: registered in 2007. youtube snptrader registered in 2008. average down + purported trend trading + taking 1 tick target: does not compute. People never learn