Abandon hope all ye who enter here – Dante Alighieri, The Divine Comedy In 2014 I read an article by Andreas Clenow, Why managing your own money is a bad trade, that resonated with me because it elaborated on what I was already pretty much thinking myself. To wit, managing OPM (other people’s money) is… Read More »
Jack Nicholson: You want answers? Tom Cruise: I think I’m entitled to them Jack Nicholson: You want answers? Tom Cruise: I want the truth! Jack Nicholson: You can’t handle the truth! – from the movie A Few Good Men (1992) So what’s the truth that a lot of wannabe traders can’t handle? Actually, there are… Read More »
Since early December last year until this week I’ve had a ‘Verified Performance’ widget tracking the performance of a live €10k account at Darwinex. This post is to explain why it got started, why I shut it down and the way forward. Close followers of my site know that I’ve been an enthusiastic cheerleader of… Read More »
Two of the oldest and best known review sites for trading/investing services, products and companies are ForexPeaceArmy.com (FPA) and Investimonials.com. The scope of this article is to show that they are both untrustworthy and more or less fraudulent. ForexPeaceArmy.com is run by Dmitri Chavkerov, a Russian national apparently living in the US. If you were… Read More »
We’re all just one trade away from humility. – Marvin to Bud Fox in Wall Street. Last night I’d just finished watching an Alfred Hitchcock movie (Frenzy (1972) – recommend it) when I checked my Twitter feed. It was in a frenzy (pun intended) about GBP – capital letters tweets and charts that indicated a… Read More »
Listen and understand! That Trading Guru is out there. It can’t be bargained with, it can’t be reasoned with. It doesn’t feel pity or remorse or fear, and it absolutely will not stop…ever…until your wallet is bled dry. – paraphrase of Kyle Reese to Sarah Connor in The Terminator School of Trade (SoT) has been… Read More »
I’ve been using ForexFactory for its Calendar feature for a long time. Because they’re decent with their advertising (as in not harassing you with countless pop-ups), I disabled Adblock on the site. Last night, an ad that I’d never seen before caught my eye: Tradeo ad on ForexFactory Clicking on it, you land on this… Read More »
The Latest News On Paul Tudor Jones: Bloomberg just reported that Tudor Investment Corp., the hedge fund started by legendary Paul Tudor Jones in 1980 is laying off 15% of its workforce, amid lackluster performance and client withdrawals. Performance since 2001. Photo Credit: Bloomberg But if with all I had I still lost, what… Read More »
A few reminders of how the conflict of interest looks like – always good to keep in mind before entering into a business relationship with a trading/financial professional. 1. EuroScalperPro, a 100% automated Forex EA, is currently being heavily advertised on Facebook. It comes in a free version, if you sign up with one of… Read More »
Three things happened over the past few days that reminded me once again how much BS and deceit there is in the trading world. But before I start, I’d like to quickly answer those who think along the lines of: ‘why do you even care, just mind your own business’. I care because these guys… Read More »