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Originally Posted by Traderj
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Lol..yeah, plain utter complete major stupidity. But I think we've ripped on them enough. Oh my, how right PT Barnum was, it pains me to think of it. Let's just assume that there is a sucker born every minute. Now some simple math.
1 x 60 x 24 = 1440 suckers per day x 30 days = 43200 per month x 12 months = 518400 suckers per year on average!
lool..god help us all..and especially god help those who belong in the above number.
I
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admit I've lost more than my share of money, very little of it online as I have a pretty good smell meter, (obviously not perfect) but I've lost thousands before in the markets in a single trade etc.. but that is something I go into with eyes open and I am the one calling the shots and controlling my money...
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Oh yeah in the trading arena I've lost a lot more than $450 - especially in the FOREX market. I guess you can say that I've learned my lessons the hard way but even still I never lost so much that I would be seriously hurt financially or emotionally. I think that's the key to managing risk. Find a comfortable loss or risk level and stick to it come hell or high waters.
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I quite agree with you in regards to the "afford to lose" comment as much as I dislike it I have never put money on the line that if instantly gone would have any adverse effect on my life.
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Another thing that I find interesting is the psychological aspect. When you lose money yourself you are at least able to learn from your mistakes and make sure they don't happen again and you are more likely to own up to your mistakes. When someone else loses your money it is quite a different game. Most people feel as they are not responsible at all for the loss and end up placing ALL the blame on that person. They don't learn anything from that experience and they aren't able to take responsibility for what happen. Remember people, it doesn't matter what the effect is, YOU are the cause of both your demise and your success (with obvious rare exceptions of course).
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I realize now looking back I was very very lucky to be in so early, back when the rates were higher and I was able to get the seed money back and a little profit.. I don't expect to see a penny of the "money" in my account there and have already accepted that..due to my being in "profit" and the fact that I stirred it up a bit in the Legisi forum before they deleted all my posts hehehe.... ahhhhh good times...
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hahahah..yeah, I admire the fact that you stood up against the majority opinion or what I call the "herd mentality" or "sheep" or "sheeple" (I can think of more derogatory terms but I doubt you'd want to hear them lol).
Consent is the number one thing that a wise admin of a scam must build. It is imperative that a "clique" develop of loyal followers who will gladly follow you to their financial slaughter and come back for seconds. In that sense I am not surprised that the forum admins deleted your posts.
I just hope I don't see a "How-To" manual on how to run a successful HYIP Ponzi scheme and hopefully I won't be quoted lool
