Fx Power Club - Growth, Hot Forex PAMM Discussion

Thank you for all the friendly messages and support along the way. I had a long message written, but this is clearly not a place where people come to talk about what happened, etc as it is simply a venting board now for the frustrated. I understand, when I first found forex many years ago, I personally lost well over $100,000 USD and that is solely why I wanted to learn and study so I could do better than the managed who lost all of my hard earned money. Over the past 7 years, I have grown a nice email list of forex traders, ran a nice website, created free videos all over the web and never had a thing to sell. I wanted to create a training course, but most of the needed info can be found free online so I never felt good doing that. Creating a managed account and growing money for people and also getting paid for good performance was a great thing for all, a true win-win-win. When we lose money people become viscous. When I lost my money, there were no emails, no places to vent or share frustrations, no explanations....that is how most of PAMM's work and many/most lose the money with time. It was not my personal greed that prompted me to place bigger trades, it was the need to not disappoint people and lose their funds when trades were going poorly. Everyone should know that as a fund manager, you don't need to make big gains on a 300K account at 30-35% performance to make a nice income. This was not about trying to squeeze an extra bit of profit out for me as we all know that I only get paid when I win for you the investors. It would be foolish to build a large following, get great gains, then try to crank it as hard as possible in the 3rd or 4th month. Why not just make smaller gains over time and build a nice income? I will tell you why. We had two large draw downs of 40-60+% each which we fully recovered from. We made 300% and over 100% another month. Even someone who does not have any knowledge of trading can see this is a very risky account. I did my best and did not sleep or eat at times trying to fix it, but the third draw down broke it down. Please note that we did not lose the last 20% today as some state....although your balances show you had 20% or so, there was only 30-40% of that actually in equity...in other words, the draw down never ended. The equity is the only thing that matters, not the balance as it does not include live, negative trades. I even made a YouTube video on managed accounts and how to read the floating P & L for those that did not understand it. Yes, it felt good to save the account from over trading twice, but then the threats began. Death threats, lawsuit threats, more than one email from people claiming they would like to know how I felt if they killed themselves over the losses in this account, the cursing, the damning, etc. You all read only a fraction of that here in this discussion board. There is not one person reading this who emailed me over the past few days who I did not respond to...usually in an hour, any hour of the day. I am an honest person who knows how to trade, I know how to cut exposure and risk, but not with the pressure of a couple hundred investors. I am deeply sorry for everyone's loss, there is nothing I can say to make it better clearly. I am not a salesman trying to sell you anything, but rather simply making my last statement here. I won't respond to anything here any longer, but you may message me if you would like anytime. There still tiny open trades in the same pair as always. Another note. This drawdown has been going on for three weeks. All of you knew that, especially those who are out to kill me or themselves, or start begging for food for their families. Again, I am deeply sorry, but it did not happen overnight. Some of you withdrew money at the first draw down, some after we recovered fully the first or second time. Some have taken out a fraction of your account that was left just today. My point is that although it is unacceptable as a forex managed account, there was time to leave if you wanted to. Those who recently joined never saw any gains, only losses of course, and I am sorry. Some had huge gains in the beginning and let it all ride until the end. Most have taken at least some principal out over the course of the last month or two. Again, I am sorry for the loss. I am done trading for the public, I have removed the Facebook group, deleted the myfxbook fund page, and my website that I have built for years as well. Not that many of you care to read this or know, but I am not interested in this managed account business any longer...not because of the trading, but because of the threats and hate from the minority. Those who know me, know that I am honest (I posted updates often and exactly the facts and truthful very often and never once made a claim to anyone), I am not a scammer, I did not steal money, I do not profit when you lose money, and that I also lost 5 figures of my own money in this managed account. I have been open, honest, and transparent, having responded to 100% of all emails, messages, calls in short order. I know...none of that matters of course now, but these are the facts and they need to be said. Now those of you can rant and rave and post hate and cuss, as I won't be reading it any longer. I personally messaged each of those haters and none responded to me, only posted more here to get everyone worked up as people often do online. I meant the best, we had a great run, and it all crashed down in the end. I am sorry and I will chat with anyone who has questions into the future. I wish you the best and hope that your future investments with anyone else go well.

Thank you for reading.