Lost half of my years salary in a week!

This thread has been restored to fx.. keep the future course of conversation fx related.

 

Thank you. I believe it was the correct decision.

 

Yes, thanks Chaos.
Mr Parker, my comment about you looking for fish was a bit strong considering the OP asked you to manage his account, so I apologize for that. ..

 

Strong? The OP asked him to manage his account because MP misrepresented himself as an experienced forex manager who made $300 a trade!

Throughout this thread, he continues to brag about his successes, and how the loss of the young serviceman's money was just 'bad luck'. Well, according to him, he typically has 'good luck'... so what's the problem with rectifying his mistake by simply sharing some of this typical good luck with the poor guy who's money he lost by returning it and calling it a misunderstanding?

If you won't or can't MP, you are a thief, there's nothing else you can call yourself, and you will end up in more hot water than you can appreciate. To save yourself the embarassment, pain and suffering, just pay the guy back from your incredibly successful trading... or are you not particularly successful and admit now to lying to him to get him to invest with you?

 

Yes Write the young serviceman a check and be done with it ...

For God's sake you live in Westchester County!!

Maybe some of your famous neighbors can tell you exactly what
doing time in the pokey for securities fraud is all about

 

Q
Quote from acdspit00:

He also wants me to put money into crownforex b/c he thinks he can average 200 a day on 5k account.



Quote from acdspit00:

He told me he would manage a 10k account with FXDD. He could make like 300 a day on it... and he would get 25%

UQ

The following table is the 1st year's earning for a trader who "can average 200 a day on 5K account", besides his other incomes from managed accounts for others (that he desperately needs in order to meet margin calls again and again after blowing-up each time). LOL.

Day 0 > $5,000
Day 1 > $5,200
Day 2 > $5,408
Day 3 > $5,624
Day 4 > $5,849
Day 5 > $6,083
Day 6 > $6,327
Day 7 > $6,580
Day 8 > $6,843
Day 9 > $7,117
Day 10 > $7,401
Day 11 > $7,697
Day 12 > $8,005
Day 13 > $8,325
Day 14 > $8,658
Day 15 > $9,005
Day 16 > $9,365
Day 17 > $9,740
Day 18 > $10,129
Day 19 > $10,534
Day 20 > $10,956
Day 21 > $11,394
Day 22 > $11,850
Day 23 > $12,324
Day 24 > $12,817
Day 25 > $13,329
Day 26 > $13,862
Day 27 > $14,417
Day 28 > $14,994
Day 29 > $15,593
Day 30 > $16,217
Day 31 > $16,866
Day 32 > $17,540
Day 33 > $18,242
Day 34 > $18,972
Day 35 > $19,730
Day 36 > $20,520
Day 37 > $21,340
Day 38 > $22,194
Day 39 > $23,082
Day 40 > $24,005
Day 41 > $24,965
Day 42 > $25,964
Day 43 > $27,002
Day 44 > $28,083
Day 45 > $29,206
Day 46 > $30,374
Day 47 > $31,589
Day 48 > $32,853
Day 49 > $34,167
Day 50 > $35,533
Day 51 > $36,955
Day 52 > $38,433
Day 53 > $39,970
Day 54 > $41,569
Day 55 > $43,232
Day 56 > $44,961
Day 57 > $46,760
Day 58 > $48,630
Day 59 > $50,575
Day 60 > $52,598
Day 61 > $54,702
Day 62 > $56,890
Day 63 > $59,166
Day 64 > $61,532
Day 65 > $63,994
Day 66 > $66,553
Day 67 > $69,216
Day 68 > $71,984
Day 69 > $74,864
Day 70 > $77,858
Day 71 > $80,972
Day 72 > $84,211
Day 73 > $87,580
Day 74 > $91,083
Day 75 > $94,726
Day 76 > $98,515
Day 77 > $102,456
Day 78 > $106,554
Day 79 > $110,816
Day 80 > $115,249
Day 81 > $119,859
Day 82 > $124,653
Day 83 > $129,639
Day 84 > $134,825
Day 85 > $140,218
Day 86 > $145,827
Day 87 > $151,660
Day 88 > $157,726
Day 89 > $164,035
Day 90 > $170,597
Day 91 > $177,421
Day 92 > $184,517
Day 93 > $191,898
Day 94 > $199,574
Day 95 > $207,557
Day 96 > $215,859
Day 97 > $224,494
Day 98 > $233,473
Day 99 > $242,812
Day 100 > $252,525
Day 101 > $262,626
Day 102 > $273,131
Day 103 > $284,056
Day 104 > $295,418
Day 105 > $307,235
Day 106 > $319,524
Day 107 > $332,305
Day 108 > $345,598
Day 109 > $359,421
Day 110 > $373,798
Day 111 > $388,750
Day 112 > $404,300
Day 113 > $420,472
Day 114 > $437,291
Day 115 > $454,783
Day 116 > $472,974
Day 117 > $491,893
Day 118 > $511,569
Day 119 > $532,032
Day 120 > $553,313
Day 121 > $575,445
Day 122 > $598,463
Day 123 > $622,402
Day 124 > $647,298
Day 125 > $673,190
Day 126 > $700,117
Day 127 > $728,122
Day 128 > $757,247
Day 129 > $787,537
Day 130 > $819,038
Day 131 > $851,800
Day 132 > $885,872
Day 133 > $921,306
Day 134 > $958,159
Day 135 > $996,485
Day 136 > $1,036,345
Day 137 > $1,077,798
Day 138 > $1,120,910
Day 139 > $1,165,747
Day 140 > $1,212,376
Day 141 > $1,260,872
Day 142 > $1,311,306
Day 143 > $1,363,759
Day 144 > $1,418,309
Day 145 > $1,475,041
Day 146 > $1,534,043
Day 147 > $1,595,405
Day 148 > $1,659,221
Day 149 > $1,725,590
Day 150 > $1,794,613
Day 151 > $1,866,398
Day 152 > $1,941,054
Day 153 > $2,018,696
Day 154 > $2,099,444
Day 155 > $2,183,422
Day 156 > $2,270,758
Day 157 > $2,361,589
Day 158 > $2,456,052
Day 159 > $2,554,294
Day 160 > $2,656,466
Day 161 > $2,762,725
Day 162 > $2,873,234
Day 163 > $2,988,163
Day 164 > $3,107,690
Day 165 > $3,231,997
Day 166 > $3,361,277
Day 167 > $3,495,728
Day 168 > $3,635,557
Day 169 > $3,780,980
Day 170 > $3,932,219
Day 171 > $4,089,508
Day 172 > $4,253,088
Day 173 > $4,423,211
Day 174 > $4,600,140
Day 175 > $4,784,146
Day 176 > $4,975,511
Day 177 > $5,174,532
Day 178 > $5,381,513
Day 179 > $5,596,774
Day 180 > $5,820,645
Day 181 > $6,053,470
Day 182 > $6,295,609
Day 183 > $6,547,433
Day 184 > $6,809,331
Day 185 > $7,081,704
Day 186 > $7,364,972
Day 187 > $7,659,571
Day 188 > $7,965,954
Day 189 > $8,284,592
Day 190 > $8,615,976
Day 191 > $8,960,615
Day 192 > $9,319,039
Day 193 > $9,691,801
Day 194 > $10,079,473
Day 195 > $10,482,652
Day 196 > $10,901,958
Day 197 > $11,338,036
Day 198 > $11,791,558
Day 199 > $12,263,220
Day 200 > $12,753,749
Day 201 > $13,263,899
Day 202 > $13,794,455
Day 203 > $14,346,233
Day 204 > $14,920,082
Day 205 > $15,516,886
Day 206 > $16,137,561
Day 207 > $16,783,064
Day 208 > $17,454,386
Day 209 > $18,152,562
Day 210 > $18,878,664
Day 211 > $19,633,811
Day 212 > $20,419,163
Day 213 > $21,235,930
Day 214 > $22,085,367
Day 215 > $22,968,781
Day 216 > $23,887,533
Day 217 > $24,843,034
Day 218 > $25,836,755
Day 219 > $26,870,225
Day 220 > $27,945,034
Day 221 > $29,062,836
Day 222 > $30,225,349
Day 223 > $31,434,363
Day 224 > $32,691,738
Day 225 > $33,999,407
Day 226 > $35,359,384
Day 227 > $36,773,759
Day 228 > $38,244,709
Day 229 > $39,774,498
Day 230 > $41,365,478
Day 231 > $43,020,097
Day 232 > $44,740,901
Day 233 > $46,530,537
Day 234 > $48,391,758
Day 235 > $50,327,428
Day 236 > $52,340,526
Day 237 > $54,434,147
Day 238 > $56,611,512
Day 239 > $58,875,973
Day 240 > $61,231,012
Day 241 > $63,680,252
Day 242 > $66,227,462
Day 243 > $68,876,561
Day 244 > $71,631,623
Day 245 > $74,496,888
Day 246 > $77,476,764
Day 247 > $80,575,834
Day 248 > $83,798,868
Day 249 > $87,150,822
Day 250 > $90,636,855

 

I think that response on projected returns is unfair.

He would have taken a holiday on day 214.

 

LOL

 

Isn't it true that he currently still have to trade everyday with automated trading, other than moderating a trading board for preying some novices?

Why would that (supposedly honest) board allow him to stay?

 

This is quite true. I work for the Navy (civilian engineer), and the DOD takes a very dim view of companies, and individuals, taking advantage of service members.

Many companies, shady and legit, have been sanctioned for offering less than optimal investments. Some were outright frauds and some just prayed on unsophisticated and preoccupied military people with outrageous fees, for run-of-the-mill mutual fund investments, for example.

I would think that there would at least be an investigation, after a complaint is filed. These military lawyers are just waiting to hammer people messing with service members.

JMHO