nobody attacked him. He dug the hole himself with contradicting excuses, smoke screens, Stamdford research project, and blatant disregard for prudent money management. I have no advice for you. You will learn it with Mike Parker soon enough. I will give you one year, and you will come back with your story.
========================================= an intelligent question was asked, and here we go again with the conspiracy theorists ! I CANT MAKE A THING IF THE ACCOUNT DOESNT GO UP ! now read it again, cause what you wrote this time makes less sense than anything else youve been writing ! mp
You must really think people are stupid. If you trade 4 contracts for chris and go long while shorting 1 contract for yourself (because that is where you think the market is going) you can't lose. If it goes your way you win, if the trade goes against you only break even. You are using your clients as a HEDGE against your own stupidity. And then when the market comes back you can tell your poor suckers if they only put more money in they would have won big time.
========================================== thnx for the wondrous plan, but it bites the big one -- if i knew which way the mkt was going, i wouldnt need to hedge anyones account, now would I, and if i just wanted to sit still and let the money happen, id simply go long or short based on the 3 month charts, which have proven to be correct (verifiable over at sho) upwards of 90% of the time. (and i know you would love to get your hands on them) took me 6 years and much communication with the medveds, but now the charts do everything but actually say "long" or "short". Whoops, i take that back -- do have little red and green bulbs that do that just fine ! I would never dream of doing what you say, but i can see that you sure do ! any other conspiracies you care to come up with -- maybe you can connect me to the kennedy problems also ! another thing -- why the heck does everyone hide behind alias's here, like the hoods of the KKK ? Why not use your real names ? bah mp
That's the whole point. YOU DON'T KNOW WHERE THE MARKET IS GOING AND YOU ARE AN INEPT TRADER. The solution is to hedge WITH OTHER PEOPLE'S MONEY.
MT4 (MetaTrader) is a hedging platform. No trade can ever close or modify any other open trade. To close or modify an open trade, one must close (either fully or partially) or modify that trade itself. So, to answer your question, that's not an offset, that's a separate, 2nd trade in the opposite direction, short 4 lots USD/JPY. It did not close the 1st trade, also 40:1 leverage, long 4 lots USD/JPY, opened exactly 5 minutes earlier.
I make it a point to know how money CAN BE MADE from any sitiuation. I don't trade other peoples money with the exception of my wife before she was my wife. I guaranteed her better returns than if she invested in an s&p mutual fund and if I didn't perform I would make up the difference out of my own accounts.
Makes perfectly good sense to me. You guys have pretty much figured how the scameister gets it done. He'd better hope none of his other victims get a hold of this thread, otherwise he might have problems. JJ
=================================== oh my golly gosh -- i sure hope you dont figure out the other half -- the offshore account trading thru china ! oh, btw --- my other "victims" are loving this thread, but its more like saturday nite live than a stern warning to them ! sorry mp
HAHAHAHA!!! That is exactly what I said out loud when I read his stupid comment. Oh my God, this guy must think we are all MORONS! He must think he is fooling someone! Delusion!!