PoseidonFX (June 2013 - September 2014) Обсуждение

looks good!

Why did you choose to hide your balance ?
And what was the point of repeated withdrawals/deposits of small sums in the past ? Seems like something is fishy here, but can't put my finger on it.

Hey @ana_ane75 , thanks for pointing that out. (Disabling public view of balance was temporary.)

As far as why there are withdrawals and deposits - this is my personal account. Much of the deposits or withdrawals are dependent on when I get extra money, or need the money for personal expenses :) For example, if I need to buy a couch, I'll take money from the profits from my trading account. Hope that makes sense and is non-fishy!

- Alex

ana_ane75 posted:
Why did you choose to hide your balance ?
And what was the point of repeated withdrawals/deposits of small sums in the past ? Seems like something is fishy here, but can't put my finger on it.

Hey, there's one more thing that I thought to bring up here. Keep in mind that Myfxbook does not consider deposits and withdrawals in calculating returns, since they use Time-Weighted Return, which is a standard method used by funds who must calculate performance accurately despite client deposits and withdrawals. Just look on the top-left of any Myfxbook page to see this in action ('Absolute Gain' vs 'Gain').

- Alex

well, it certainly doesn't look like a personal account to me...more like the deposit/withdrawal activity at a pooled fund. The feeling I get is that you don't really trust your strategy to leave the money there to compound. To illustrate my point, there is an account traded by ForexPeaceArmy on your signals and since start in March 2014 it is down -16% while you're up 7% in the same period on Myfxbook.

ana_ane75 posted:
well, it certainly doesn't look like a personal account to me...more like the deposit/withdrawal activity at a pooled fund. The feeling I get is that you don't really trust your strategy to leave the money there to compound. To illustrate my point, there is an account traded by ForexPeaceArmy on your signals and since start in March 2014 it is down -16% while you're up 7% in the same period on Myfxbook.

Hello again Ana! In your defense, there are an ABUNDANCE of forex scams on the internet. When I worked for FXCM as a broker, part of my job was to expose them and stop my firm from working with scammers. So you are right to be skeptical, and you've asked some great questions. I'm happy to respond to you to make sure everything is clear.

To be perfectly honest with you, I am a 24 year old working professional and I have $30,000 in the account. Believe me, I am not rich yet. I don't have millions in the bank. After all, that's why I took up trading 4 years ago! I *need* to trust my systems, and I certainly do.

Again, just to be clear, Myfxbook uses Time Weighted Return, meaning that I cannot hide anything using deposits or withdrawals. I want to encourage you to check out the difference between Absolute and Time Weighted return in Investopedia's CFA study section:
https://www.investopedia.com/exam-guide/cfa-level-1/quantitative-methods/discounted-cash-flow-time-weighted-return.asp

Unrelatedly, a pooled fund with only $30k in it would be kind of pathetic. Think about it - if you run the numbers, you need at least $250k to consider making it work as a CPO, if you are charging 2 / 20. (If you are curious, we are not currently seeking CTA or CPO registration, nor are we accepting investors, but we are considering taking offshore managed accounts in the next several months! Still in the works)

One last thing - the account on Forex Peace Army is completely out of my control. The client is making his own trades in addition to ours, which are not profitable. I can't force him to do anything he doesn't want to, and the FPA never takes anything down which has been put up =) I would put my account up there too, except I don't primarily use Metatrader4, and FPA only allows the use of MT4 specifically.

Let's be clear - I am not a faceless name on the internet posing as a Forex guru. Feel free to connect with me on Linkedin, I'm actually a cool guy.
https://www.linkedin.com/in/alexcboyd

I hope that all makes sense my friend! Again, I love your skepticism. Keep it coming, and keep doing well in the markets.

- Alex