Traderj

You are quite right Opie this particular thread has degenerated, but please keep your eyes open to the fact that PeterG and Jamdoody had a large had in that... so moving on.....

I hate to say it as it's very much a closing the barn door after the horse has escaped type thing.. I wonder if the people that have lost money in this ClubFX thing have learned their lesson? Regardless of whether PeterB is a liar, scammer or just completely clueless when it comes to computer security the bigger issue here is it does seem that at least SOME of the people did in fact break the golden rule and invested more than they could afford to lose.

This often happens after a program has built up a bit of trust or the member has removed a few bucks not close to their total investment but enough to allow them to convince themselves that this person is in fact real So they throw the farm at it..

But remember any time you give ANYBODY control over YOUR money you have taken a risk I don't care if it's me or PeterB or anybody once you no longer have access like you would with a managed account (MA) what goes on with your money is 100% out of your hands.

This does not mean that other programs don't ever work out, but it's curious how people get the slightest bit of faith in something and then start throwing the mortgage money at it.

It would seem to me that any program that is not able or willing to provide proof of their actual trading account's activity should be considered suspect with a rather large red flag hanging over them.

I don't know if anybody has brought this issue up either, but the likelyhood of PeterB "averaging" a 20% return or greater month after month on the FX is almost nil. So perhaps he had a couple of great months then the bottom fell out and this (the hacker story) was the only way he could figure to get out of it without losing face or having to face the music. Although I would have to think as an investor I would much rather have him say here's the deal I made a horrific trading move and the account is in a 70% draw down and deal with that reality, than the complete nonsense that is now happening.

His silence for the last 4 days now just make it look more and more like he's going to do a runner. That might not be the case maybe he will reappear with a great solution, but even if he does how insane would someone have to be to invest with him again after how he's handled this whole mess. The proof of any person's character is NOT how they handle the good times but rather the tough times. It's pretty clear his handling of this situation has been massively poor.. regardless of how it ends up.

I hope it all works out for you guys that have money in it certainly does make great theater