Quote:
Originally Posted by ElectricSavant
I have requested to close my managed account at PFG as there seems to be no let up in sight for the character of the market to return favorably to the GoFxPro trading method.
Thank you for the opportunity and thank you for this thread.
Perhaps now that I close my account the performance can return to its published profitability 
I lost 14.21% ($1,421,60) from my invested capital in a very short period of time (3.5 months) and the dismal string of losses continue and the trader seems to not vary his trading style and continues to churn the account daily.
ES |
Hi ES - Unfortunately, my own exact experience. My 10k started August 2. I think it was, nice initial profit but now gone well south. I cannot understand the rigidity that perseveres from a professional trader. If it is not working, you don't do it. Switch to another strategy that better suits the market - immediately. The age old expression is : If you don't change what you do, you will not change what you get. Maybe the problem is in our being "subscribed" to one portfolio technique. If all his portfolio techniques were performing the same he could not stay in business. I would have to argue however that ANY portfolio needs a whole bunch of techniques to fit the character of the market as it changes - no matter what those changes are. There are plenty of traders making lots of profit - of course - otherwise there would be no market. Now I am finding PFG are very slow re closing my account. Requested 12 days ago - no meaningful response yet.
Altos.