Hi guys,
Well alrighty then.
Lets call upon anybody else involved with that forum around the time-frame specified.
Or perhaps, we could request some-how to get the original posts transfered here, for all to see?
We could even try to track-down the original planet wealth e-book, & disseminate it here also, again for all too see and pass opinion on?
I'm pretty shore I lost mine [soon after I lost my shirt I think], but It's possible Arnold Thomas & Becker still have a copy of mine on file?
If so, would it be o.k. to post it here?..or maybe just some excerps, 1 or 2 pages?
I'll look into it.
How was it possible to sustain such losses?
I think it was something to do with being advised it was ok to risk up to half of your bank at any one time.
Spreading trades across diff. sectors would almost ensure a constant safety net, as at least some trades would succeed. blah blah.
The rest? well they could just be 'rolled-out' etc...
I think usually doubling the initial trade size to recover any losses etc.[actually I think we needed closer to triple in reallity!]
Well we all found out the hard way, that all trades can go south in any given month, for at least a few months in a row...It all seems so simple now!
Forget about the hype of an 80% success ratio.
I now would prefer to look at risk/reward ratio.
Which I think at the time was 3-4 to 1...[i.e risk $3-4 to make $1]
Again, a little different to their e-book examples!
Who cares about success ratio, when on the the occaisions you do get it wrong, you go backwards much faster!
I wish they could have 'spruiked that'..But I geuss 80% success ratio sounds so much sexier!
So, yes given the above details, one can easily see that your bank could be devastated very quickly.
Which gave rise to some of us asking just what sort of bank Andrew was trading with, given the size of his trades.
I geuss, wanting to be somehow re-assured we were all doing it right?
I remember on one such occaission, you briskly chimed-in & told us that was a "matter for his own capitol preservation"...[none of our business?]
A lame 'Practice what I say, not what I preach' sorta comment.
Not very inspiring I can tell you!
Okey-dokey, we've all been actively encouraged & sometimes assisted in taking out a second mortgage, to participate, & we start getting those sort of run-around flakey, don't ask the hard questions type attitude.
Pox.
Perhaps Aaron, [I think that was his name] could come forward, & tell us about his 80k in a month loss due to the "volitility advantage" strategy?
More of a "disadvantage" in his book I would think!
Anyway I'll see if I can dig up a couple of pages from the above mentioned e-book...That's of course if it doesn't embarrass anybody into pos. legal action?
Good night all, speak soon,
Vicki
p.s. planet wealth rocks