Lord Flasheart
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no idea,his communication is very poor to say the least
Lord Flasheart
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People are such quality. He has a 3 day break and everyone is begging him to come back or think hes made a million and ran off. quality
Yeah, I agree!
I've been reading seriously the worst - that he run away that he is in for commission etc. etc....seriously.
Lord Flasheart
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the world will relax,hes back.
Lord Flasheart
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Now lets see how he plays this He is curently 250 pips offside and stops set at 170 per lot so could we see a 1000 pip drawdown. This is what I mean about this not being trading. Whatever methods he has, he is hoping they come back so he can take his 10 pips profit. This could be forex cruise control again. Ive looked though the site and there are many other traders id rather have my cash with. I really hope he doesnt fail as it could be disastrous for the site and industry.
jungles
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agreed, this is a problem with so many of them........they cant take a loss
it can work for a time, but the market catches up with this type of trader eventually, and over the cliff they go
and yes its not "trading", in the sense that risk and therefore longevity are not variables considered in the strategy, at least not skilfully.
*i notice the no# 1 follower (or what was) lost ~$462,000 in the past 24hrs trading kama's, saved's and 88's signals; closed at margin-call it seems: ZuluTrade - Performance
it can work for a time, but the market catches up with this type of trader eventually, and over the cliff they go
and yes its not "trading", in the sense that risk and therefore longevity are not variables considered in the strategy, at least not skilfully.
*i notice the no# 1 follower (or what was) lost ~$462,000 in the past 24hrs trading kama's, saved's and 88's signals; closed at margin-call it seems: ZuluTrade - Performance
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Lord Flasheart
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im not overly concerned by any of the followers performance,they always try and re invent the wheel and some even do the opposite. zulu are quick to tell you how much the top 10 have eant this year,I bet if they told us how much the previous top 10 had lost it would be a lot more. Im tempted to do some reverse trading and do the opposite of what they do
wackypete2
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What most of you don't realize is the providers are offering exactly what the followers want: BIG $$, high % win, few or no losses, fantasy world. Providers who don;t offer that and only give a measly 20% per year with excellent money management never get any followers so they never make money. Eventually they give what the customer wants or decide it's not worth their time so good traders disappear quickly. Can't blame the providers, blame the followers.
Most followers only have $1000 account or less. 20% of that isn't worth their time being on the site. I'm not ashamed to say it but if I needed the money and tried being a provider on any of these sites I'd start up a demo account and do the same as everyone else. It's the only way you are going to make money as a provider. END
Peter
Most followers only have $1000 account or less. 20% of that isn't worth their time being on the site. I'm not ashamed to say it but if I needed the money and tried being a provider on any of these sites I'd start up a demo account and do the same as everyone else. It's the only way you are going to make money as a provider. END
Peter
jungles
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you are right, the model caters to the majority of the audience, and is unlikely to change
Lord Flasheart
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spot on as ever wacky. Its a shame its like that as the concept is fantastic.
Oh come on guys,
every trader is different and they will continue to be different - if you noticed trades have returned and he has put some strong stop/loss of 180 pips there, other than that we will wait and see how things will reverse. eventually.
There are good providers and the point is to get the profit while they are making it, so we can all benefit from it. If you get the momentum then all is fine ! Luckily the system allows you to protect your account at any way possible.
Btw, about the reverse trading, i have seen some followers and providers doing it, and even though i support it on theory, I still do not think I can pull it off myself.
every trader is different and they will continue to be different - if you noticed trades have returned and he has put some strong stop/loss of 180 pips there, other than that we will wait and see how things will reverse. eventually.
There are good providers and the point is to get the profit while they are making it, so we can all benefit from it. If you get the momentum then all is fine ! Luckily the system allows you to protect your account at any way possible.
Btw, about the reverse trading, i have seen some followers and providers doing it, and even though i support it on theory, I still do not think I can pull it off myself.
Lord Flasheart
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so robert do you think kama is a good trader.what he is doing now is not trading.He is just hoping his trades come back and is prepared to risk all. A lot of these guys will be using max leverage and already have had their accounts wiped out and its probably money they cant afford to lose and in desperation gave it to him. This could be very bad for the industry
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I think it is to early to tell.
I mean we are all so so prejudiced (with our reasons of course) that we are watching each and every move of the traders, forgetting that they DO eventually lose.
Nobody can beat the market FOREVER....we all know that but we still forget here here and there when our money are at stake. I think with him, best will be to wait and see whats going on.
Btw, Jankowski also lost last week ....he was writing extensively in linkedin on Friday...
Lord Flasheart
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Fair enough
I beleive I can beat the market forever,just not every trade,every week or every month. Sadly that is what his followers think.Even if he gets out of this it has shown his true colours. I really dont mind him losing 1000 pips,its just the way he does it
I beleive I can beat the market forever,just not every trade,every week or every month. Sadly that is what his followers think.Even if he gets out of this it has shown his true colours. I really dont mind him losing 1000 pips,its just the way he does it
what you are saying is not forever. There would be losses to absorb and that will be OK of course.
Well you know how followers are - they want trades positive trades all the time every day at every trade...but we all know this is unrealistic and especially for forex - which is so very volatile.....
Well you know how followers are - they want trades positive trades all the time every day at every trade...but we all know this is unrealistic and especially for forex - which is so very volatile.....
jungles
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kama took a week off, returned Mon, and took 5 trades in close succession
x3 euro, shorting (2997ish) into major support 1.3000,
why x3 and why short into major support!
............i dont see much to support these 3 technically
he also bought usdchf, which is not so bad, but then minutes later took a second position
why? again, seems a little erratic
how will he manage these 5, which seem more emotional than technical
in the past he holds and holds until red turns green, which as we all know drives only over a cliff
so which set of trades will it be? this set? or will it be postphoned until a future date?
x3 euro, shorting (2997ish) into major support 1.3000,
why x3 and why short into major support!
............i dont see much to support these 3 technically
he also bought usdchf, which is not so bad, but then minutes later took a second position
why? again, seems a little erratic
how will he manage these 5, which seem more emotional than technical
in the past he holds and holds until red turns green, which as we all know drives only over a cliff
so which set of trades will it be? this set? or will it be postphoned until a future date?
I am quite impressed by Kama /Saved fx. As to shorting into major support at 1.3, then major support is also, by definition, major resistance from the underneath.
Any trader with a 1051% ROI and a 94% success rate with a maximum dd of 12% has earned my respect.
At the present time, he is 170 pips in the red spread over 5 positions, so he is only averaging a 34pip drawdown.
If a drawdown of 34 pips in a trade is a disaster for a trader, then the risk level is miles too high
Some of the posts by followers on his zulu page are unbelievably greedy and stupid. This poster writes that Kama Does not understand anything at all.
Check out this follower;s performance here He simply can't pick a winning trade. He is hopeless! Yet he says that kama Does not understand anything at all.
