Horse race trading vs. Stock trading

[Fish]

Re: Horse race trading vs Stock trading

Who else who joined raceplays had their account wiped out on 4th Feb?
I don't know if the whole scheme was set up to to take us down, or he just couldn't handle the losing streak and went all in on the last race and wipe out the bank. 2 vital published trading rules were broken which leads me to think it was all a set up. Investigations will take place.

Fish

 

[Lucifer_au]

Re: Horse race trading vs Stock trading

Jeez!!!!

So raceplays had their cust. account wiped!



Anymore details??

Rgds.
Lucifer_au

 

[Fish]

Re: Horse race trading vs Stock trading

Well what happened on THE DAY was that a bad losing streak hit. One of the trading RULES was to stop betting for the day if the bank is 20% down.
So he continues betting and the bank gets down to about 50%.
At this stage bets were 10% of original bank, which was another RULE. Then the crazy mofo lays down the remaining 50% of the bank on then one of the next races and it loses.

I don't know if the bad run got to him or it was all a set up?
I'm thinking it was a setup because he was all over the online forums promoting his race trading. There were also 35% commisions paid to him from the winnings, which will never be seen again. This means that more than 100% of bank was lost because the commissions were not paid from the trading bank. The results were good until that fatal day so I really do think we were set up to go down hard.

Anybody else who registered please reply so we can see what can be done about this.


Down the river.

 

[coyotte]

Re: Horse race trading vs Stock trading

Sort of makes you wonder how we ever managed to survive this long as a species


Cheers