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Nobody has lost half of his account.
And if someone wants to claim that he lost half of his account, then post your compleet results by a statement of your account.
Do not refer to a drawdown that you never encountered personally or that you were never in.
Today boomylumi admitted that he lost 30% on his account. That is a lot but he admitted also that he compouned with 100% increase of postions size after only making 20% profit.
He realizes fully that if he would not have compouned after only making 20% profit he would not have lost that amount of money.
I have clearly explained many times in the room that if one wants to compound in this way that he wants to go from 1 mini or micro or whatever kind of a lot to 2 micro or 2 mini lots that he needs to make 100% profit. Not sooner.
Starting with 2 and go to 3 one needs to make 50% profit. Starting with 4 and go to 5 needs a 25% profit ...etc...
I and people like boomylumi are now even glad on what happend over the last 3 days. Because people get so overwelmed by the hughe profits that the system makes over the last month that they think that they can do what ever they want (taking way to much risk).
Tomorrow full explaination on the results over the last week. With explenation on MaxDD and the estimation on the profits.
Easy to say that the MaxDD is bigger but not saying that the profits are also a lot bigger. The R/R ratio of 7 over a whole year is no way and was never in danger.
Regards...iGoR
Last edited by iGoR; 11-20-2008 at 07:45 PM.
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