Quote:
Originally Posted by fxmaximumz
Greetings,
Simply a reality check. I have word from former member of the zorro trading group that people have lost more than HALF of their accounts over the last 1 week, and that instead of solving the situation, igor simply defended himself by explaining this is the facts you have to accept OR this is the drawdown you have to accept.
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I'm not a member of Igor's group, but in fairness to Igor he's always been completely open about the potential drawdowns. From what Ive seen posted publically, a key component of the methodology is based on using high leverage in an attempt to protect the account, sizable drawdowns where inevitable.
Personally I dont possess the right psychology to trade these types of staking plans, and I suspect that when push comes to shove, there'll probably be a few people agonising over the situation they find themselves in this week. I suppose that the systems either running within the parameters that its designer intended or its not, and until this weeks results are publicised noone other than members of the group really know the full details.
The time for highlighting and discussing these problems is probably best delayed until the present difficulties have passed, additional pressure defending critisism of the system in forums probably isnt really what anyone in the group needs right now. Regardless I wish Igor and his group well