Recovery MAM (By goodboy_fx)
| Gain : | -99.85% |
| Drawdown | 99.87% |
| Pips: | -2908.3 |
| Trades | 255 |
| Won: |
|
| Lost: |
|
| Type: | Real |
| Leverage: | - |
| Trading: | Unknown |
Recovery MAM Discussion
Jul 20, 2016 at 18:09
1,230 Views
18 Replies
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Jul 29, 2016 at 15:38
playing with fire bro,good luck anyway
Member Since Dec 28, 2012
11 posts
Aug 12, 2016 at 06:40
her we are , another massive DD only stopped by pulling the plug or ut would have been margin call for the Mamm investors
Member Since Dec 28, 2012
11 posts
Aug 12, 2016 at 07:00
Nicks responce on forex signals:
4 pips?
Not exactly....
There was a point during this trade where you went from expecting a 4 pip move and hitting your take profit, to praying that it didn't drop another 4 pips and wiping another 10% of your available equity (at one point you had 97 lots open on the MAM). So why did you hold and continue to add? Not for any logical reason... you fell into the rookie trap of 'well I've come this far, cutting now is pointless, so I might as well run it to hell'.
You could have cut this basket and regrouped numerous times, but you didn't. You destroyed $41,000 of peoples hard earned money on a 130 pip move on GBPUSD.... 130 pips! That's a walk in the park for GBPUSD.
The magic dust has settled and I hope we can all see this for what it is. A strategy that repeatedly risks the entire account in the hopes of doubling it. Almost like a coin toss or martingale. We got sucked in because of the sexy gains and excitement, which I admit I also made the mistake of believing for a fleeting moment.
But the fact of the matter is that this has been a waste of money, time and resources for everyone concerned. Nothing that's happened in the past 24hrs leads me to think that we should continue to run this MAM.
A trader's true character is shown during moments of adversity, and I'm sad to say that Goodboy has displayed the worst character of any trader I've ever worked with. I'm yet to hear from him other than the ridiculous post above.
We won't be trading the Goodboy strategy on the MAM any further, however one of the other traders here is deliberating about the possibility of taking over in an attempt to help recover everyone's money (free of charge). I'll of course communicate with each of you individually on all the details if/when that happens so you can make up your own mind on what you'd like to do.
Until then, if you bump into a Pakistani/American in New York City answering to the name of Adna, please tell him I'd like to talk to him.
4 pips?
Not exactly....
There was a point during this trade where you went from expecting a 4 pip move and hitting your take profit, to praying that it didn't drop another 4 pips and wiping another 10% of your available equity (at one point you had 97 lots open on the MAM). So why did you hold and continue to add? Not for any logical reason... you fell into the rookie trap of 'well I've come this far, cutting now is pointless, so I might as well run it to hell'.
You could have cut this basket and regrouped numerous times, but you didn't. You destroyed $41,000 of peoples hard earned money on a 130 pip move on GBPUSD.... 130 pips! That's a walk in the park for GBPUSD.
The magic dust has settled and I hope we can all see this for what it is. A strategy that repeatedly risks the entire account in the hopes of doubling it. Almost like a coin toss or martingale. We got sucked in because of the sexy gains and excitement, which I admit I also made the mistake of believing for a fleeting moment.
But the fact of the matter is that this has been a waste of money, time and resources for everyone concerned. Nothing that's happened in the past 24hrs leads me to think that we should continue to run this MAM.
A trader's true character is shown during moments of adversity, and I'm sad to say that Goodboy has displayed the worst character of any trader I've ever worked with. I'm yet to hear from him other than the ridiculous post above.
We won't be trading the Goodboy strategy on the MAM any further, however one of the other traders here is deliberating about the possibility of taking over in an attempt to help recover everyone's money (free of charge). I'll of course communicate with each of you individually on all the details if/when that happens so you can make up your own mind on what you'd like to do.
Until then, if you bump into a Pakistani/American in New York City answering to the name of Adna, please tell him I'd like to talk to him.
Member Since Jul 20, 2016
1 posts
Aug 13, 2016 at 11:07
Nick,
The problem here is bring this guy to your members in the first place. It wasn't hard to do fact checking on him. I read what a wonderful and skilled trader etc...... I was laughing out loud reading comments like that. If he was trading his own account and not with other peoples money than it wouldn't be a concern. That is why you need to be a registered to be a PAMM/MAM for some type of security and no guarantees as well.
I figured with your experience and market knowledge you would have been more cautious than to bring this guy into your group. So all the blame is not on him, he was just being himself. To add, you want to distance yourself by calling out his identity is more troubling.
I know a sucker is born every minute and no one was making them invest but you bear some responsibility here since you both would have benefited from this arrangement.
The problem here is bring this guy to your members in the first place. It wasn't hard to do fact checking on him. I read what a wonderful and skilled trader etc...... I was laughing out loud reading comments like that. If he was trading his own account and not with other peoples money than it wouldn't be a concern. That is why you need to be a registered to be a PAMM/MAM for some type of security and no guarantees as well.
I figured with your experience and market knowledge you would have been more cautious than to bring this guy into your group. So all the blame is not on him, he was just being himself. To add, you want to distance yourself by calling out his identity is more troubling.
I know a sucker is born every minute and no one was making them invest but you bear some responsibility here since you both would have benefited from this arrangement.
Member Since Dec 28, 2012
11 posts
Sep 18, 2016 at 07:06
blown account after blown acct, there are still fools who think they can make money with him....
forex_trader_356817
Member Since Sep 01, 2016
51 posts
Sep 18, 2016 at 07:16
Amazing! He has, as of this post, 74 people tracking him.
Member Since Dec 28, 2012
11 posts
Sep 18, 2016 at 10:01
his copier have lost all their money, following him means nothing
Member Since Dec 28, 2012
11 posts
Oct 21, 2016 at 13:02
He will stop at nothing to feed his ego and ruin peoples funds! HE wants locking up
TRADEFX2016 posted:
one of my friend emailed him and this is the response he has got.
this means even after blowing soo many accounts, he is still wanting to blow more money from innocent people.
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Nov 13, 2016 at 08:01
watchme posted:
Ouch ryan. Pick urself up and continue. Hope you can recover. Take care.
haha,begging for vouch,i guess that is the speedy road
Member Since Dec 28, 2012
11 posts
Nov 21, 2016 at 07:22
HI, Tradefx
I cannot see any activity on his fxjunction account. What have you seen?
I cannot see any activity on his fxjunction account. What have you seen?
Member Since Dec 28, 2012
11 posts
Nov 21, 2016 at 07:40
Good boy is back and trading the same old crap! Lets see how long it takes for a blowout!
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