Independent Review of WallStreet1928

No is isnt. As always you avoid the question for very obvious reasons.

If you close 3 lots at +40, and 2 lots at +60 how many pips would YOU claim to have made.

Its a very simple question, and requires only a simple 2 or 3 digit answer.

Once that particular answe is out of the way, we can move on.

I am giving everybody the chance who has nay concerns or queries to ring me today

I am free all day expect between 4pm-7pm...but if you ring then I may still answer

I am willing to spend as much time as you , I am willing to exchange trading strategies and help you with your trading. I am also willing to take negative feedback and learn from any mistakes I am making. I am also willing to learn from you , as several of you are very good traders in your own right

I have been taught to learn off everyone

I learn from novice trader every day, they inspire me ...there zeal and eagerness to learn motivates me !!

A bit of wisdom for you then to consider:

"A chance event, or a misjudgement, can rip your reputation to shreds and, once gone, rebuilding it can sometimes be impossible."

Thats because the answer is so simple.........I feel ashamed answering it because I dont want to disrespect you.

but if you insist and it makes you happy here we go.... please dont take it to heart !!

I close + 40 on 4 contracts and leave 1 contract as a runner

I do not count the additional 1 contract in my result as it is inaccurate and would certainly skew my results.

Therefore I have made + 40 only ......any additional points on last contract = bonus and it certainly increases my profitability for me and my students. I let students decide how best to manage there own trades because it would be tantamount to patronising, because like I explained before a lot of my students are much more accomplished and better traders than me. I always ask why do you remain on the service, they reply " we want a respectable 3rd party opinion".

now the last contract before you start another argument because I know where you are going with this , like I said I am a good chess player.......I have already got you in check mate, I am just toying with you at present.

Scenario 1

I go long ftse 5505 , hits 1st target for + 30, 4 contracts closed. My last contract is now b/e @ 5505

market rally to 5560 ...last contract closed + 55 ..........

total point made = + 30 only ......I never include last contract in my results as it is unfair to do so . The last contract = bonus and over time if I take 20-30 trades each giving me an extra + 20 or +30 = paying for 3 or 4 of my losing trades = greater profitability on my trading book


scenario 2

I go long ftse 5505 , hits 1st target for + 30, 4 contracts closed. My last contract is now b/e @ 5505

market falls back to 5505 ...last contract closed b/e


Now you will say...aaah , but ths trade is not + 5 contracts for + 30, it is 4 contracts for + 30.

Therefore the next trade that hits stop loss = - 30 @ 5 contracts

you will say

profitable trade = 4 * 30 = £120

losing trade = 5 * 30 = £150

your losses are outweighing your profit only on trades that do not carry on going in the intended direction.


My answer to this again is focus on 90% accuracy level

If i bat 90% your whole argument is invalid.......the number of times I will exceed + 30 on last contract far outnumbers the time I will hit either stop loss for - 30 on 5 contracts or I hit target for 4 contracts only ???

why ???

because I bat @ 90% accuracy level

over to you

Yes indeed that is why I have been spending so many hours of my trading hours on this thread whilst my students are angry and want me to spend more time with them. My students realise that all the criticism on this thread is unjustified as they are witnessing me trade in real time and they are watching there trading accounts profit rise exponentially ..........Greedy buggers, they are spoilt !! hehe

that is why I have given you my mobile number so that anyone who has any concerns i am here to clarify and provide comprehensive answers for you ??

surely you dont expect me to sit here all day typing away for you ??

I must stress that I will not be accepting any students on this thread due to the disrespect shown to me...........just in case people accuse me of getting students !!

I can assure you I am in no need of students .........I can just about manage the number students I already have as I have to answer every question a student poses to me.

I need a secretary

I also want to point out that I my not be able to carry on with the live analysis service from June 2012 onwards

I have been given several offers from individuals to manage money for them .........I have refused offers in excess of £1 million in the past and i continue to do so. I do this in order to focus and help my students , because that means more to me

But recently with all this trash talk and criticism ......... I have come to a point in my life that I am now beginning to question my self, is it really worth it ??

Shall I just go Solo and enjoy the profits myself ........and live a peaceful life on farm and just enjoy nature whilst trading for several wealthy clients.

But what will that achieve ?

the rich will richer ..........the poor people just get poorer?? !!

I am 29 years old now , approaching 30 and I am beginning to question where i want to be in 10 year time ?

I am at pivotal point in my trading career

All i ask is for mutual respect and appreciation of my trading ability and I never get it

I never question anybody else, i trust there trading ability and I congratulate them when they have a good day ?

Life is very strange and people are stranger .................hence preferring a life of seclusion!!

Feel free to disrepect me all you wish, its no concern whatsoever, and I'll certainly wont take offense.

I understand that you need to be flexible, and sometimes you'll close 3 out of 5 at T1, and sometime you'll close 4/5 at T1 and sometimes you'll close 2/5 dependant on market conditions. That's a given. I also understand precisely why you'd want to leave a position running

However, the issue that needs to be cleared up is the basis on which you calculate profits and losses. There's no right and wrong answer, but noone is ever going to be able to independantly verify your results unless they know the basis on which you work.

A simple numeric answer to the question is all we seek.

again that is why I think Dutch is a very intelligent man

He came to me and asked me if he could do an independent review ..........I didnt know who the geezer was and I still don't to be honest.

If you dont believe me (remember I'm the bad guy supposedly, this is a hollywood movie and I'm the evil criminal chap ) . Then feel free to check all my blog posts to see if I have ever interacted with him before ........

Why do I think he is an intelligent man and a person with immense wisdom?

I shall explain shortly