| Re: Independent Review of WallStreet1928 Quote:
Originally Posted by Sidekicker 300 points a week and 3% per trade.
Each trade seems to be around 30 pts though could vary. This week it seems 17 trades so far.
May as well call it 20 trades at 3% each.
He says he has a 90% win rate so that means he is claiming he is making 54% a week on his account (18 wins 2 losses = 18 x 3% = 54%).
From £5 per point (stated by him) this is £1,500 a week (5 x 300 pts).
So, the account size must be £2.777 (1,500/0.54).
He still hasn't answered which contracts and broker he trades with.
He has claimed he makes hundreds of extra pips every day on commodity trades that are not shared with anyone else.
He claims he pays CGT and that is why he uses CFDs.
Not a single one of his students gets the same number of points as him.
Obviously, none of this is compounded otherwise the % or number of contracts would have changed over time. So, he must be removing all of this from his account every week.
He hasn't answered crucial points about the exit of trades overnight when his broker couldn't possibly have filled them at the required quote.
He writes on his own thread about 1 winning trade entirely defeating his critics.
He averages into a trade but always gets 100% of the average. There is something very wrong with his claims. Surely you must be smelling this by now? |
Sidekicker
You are not helping this independent review process as you are making a number of 'thinking errors in your posts'. You seem to be applying a huge amount of 'confirmation bias' to your posts to try and confirm that WS1928 is a fraud. Let me deal with your post above. Each trade seems to be around 30 pts though could vary. This week it seems 17 trades so far.
May as well call it 20 trades at 3% each.
He says he has a 90% win rate so that means he is claiming he is making 54% a week on his account (18 wins 2 losses = 18 x 3% = 54%).
From £5 per point (stated by him) this is £1,500 a week (5 x 300 pts).
So, the account size must be £2.777 (1,500/0.54).
This is complete guff. you are making up calculations assuming he makes 3% per trade this is guff. He still hasn't answered which contracts and broker he trades with.
so what. FYI I think he trades with IG markets & CMC all CFD's, this is irrelevant and guff. He has claimed he makes hundreds of extra pips every day on commodity trades that are not shared with anyone else.
so what, if he is a profitable trader he might no share some his trades. Do you expect him to give you a complete personal asset/liability breakdown and inform you every time he makes an investment decision in his life. He claims he pays CGT and that is why he uses CFDs.
again so what. I read he doesn't trade spread bets for religious reasons. While we are on the subject of religion his religion and everyone else's is a private matter for them.
Not a single one of his students gets the same number of points as him.
jezuz wept. there are multiple trades from live alerts with averaging in so of course nobody is going to get the same point score. Obviously, none of this is compounded otherwise the % or number of contracts would have changed over time. So, he must be removing all of this from his account every week.
no not obviously wtf are you talking about you are just making wild assumptions not helpful to anyone. He hasn't answered crucial points about the exit of trades overnight when his broker couldn't possibly have filled them at the required quote. where, what are you talking about, is this the old spreads widen in the night cr7p. He writes on his own thread about 1 winning trade entirely defeating his critics.
the guy comes in for some serious criticism which imo is overly personal from some quarters. This guy knows how to trade even when he posts a live trade these people dont apologise they dont acknowledge it. He averages into a trade but always gets 100% of the average.
you complete schlong. I suggest you go and look up the word average in a GCSE maths textbook.
In summary you are being entirely unhelpful with this review, you are just making stuff up with huge amounts of confirmation bias. |