Traderj

Well now we know the name of Peterb's next scam... I submit STSE as the name

Jude, simply ask to see June's final statement.. it will show balance and ROI for the month... 30 seconds of work for PeterB to shut every one up for good.. odd why he would not climb over hot coals to provide it.

Conciliator

You can say this about all sorts of things. "Why can't he just show Jude/PeterG..."

Well, I think we know why he can't...

Jude

I haven't seen him online on the IM for a couple of days. I'll email him to see what we can make out of it.

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Traderj

Yeah you're quite right, my question should be why won't he... haha... hell we know the answer to that too don't we? Nevermind

Traderj

Hey Conciliator

Just for the record in case you aren't aware, the FX markets close each Friday at I believe it's 4:30 PM EST, and reopen mid afternoon Sunday... so as PeterB can NOT physically trade during that time on the last weekend of each month he can make as many payments as he needs without causing any issues with his trading schedule...

This whole paying the smaller ones first will make things easier on him is just plain retarded.... it's simply amazing that anybody thinks that his logic on this issue makes any sense.... once again the sheep continue to amaze me with their unending ability to look and act like buffoons.

seemezoo

I know I'm going pages back here (this thread grows fast!) but,
so most probably 20% monthly (or originally 1% daily) was impossible
to begin with.
I realise the request/demand addressed to PeterB - to allow Jude access
trading account, and never approved nor rejected.

What about on personal level? - I understand Jude's approach toward
him regarding Forex blog, and fully respect that. But it sounds like
to me PeterB should know Jude is aware of CFX's impossible ROI.

Jude, have you ever mentioned that to PeterB? - that you think/know
20% ROI every month is impossible to achieve?
If he denied you, that may go back to the "proof" request but
what would he SAY about it? - as he never even SAID anything about
doubted "20%" except original, positive statement on the gone website...
(or I could have missed it somewhere as it's hard to keep up with
the thread at GT! And actually I asked about it there but as suspected
received a silent reply )

yuko

JoseLeon

If PeterB was adding negative positions it´s possible to gain that profit, but when he changed the broker those negative positions are lost money

Perhaps that´s what happened?

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Schminner

If you have enough capital to cover the margin, adding to a losing trade will sometime result in profit. But that takes up so much time and premium ..

In PeterB's case, I just don't believe he's actually trading at all ....

Traderj

It's called averaging down, as when you have a position that is losing say you are down from 20 pips.. and you double that position at the 40 pip mark, now you have double the lots and once you get back to that 30 pip losing mark you are at break even, it is pretty common in trading.. BUT is much much more dangerous to trade that way.... because if you still end up with a losing trade you can't recover with, you will lose DOUBLE your normal number of lots... averaging down has to be done with great care and it is not something professional trades will do very often, only that rare time they feel they have jumped into a trade a bit too soon and they want to give it a bit more breathing room to recover. I have been on both sides in the future market, actually the two biggest trades I've had, one winner and one loser were both the result of averaging down...

You know there was a time I would have thought your statement was incorrect, but it's pretty clear by now that if PeterB had live statements to show to shut up the complainers (myself included in that group) it would have done so by now.

He complains time and time again about how pressure and stress it is from the doubters, yet one simple act of showing Jude a few months of statements shuts every one up.

There are ONLY two reasons that he won't show the statements..

1. He is either NOT trading or not trading anywhere near well enough to offer the returns he was promising.

2. He is making SO MUCH MORE than 20% he doesn't want anyone to see and feel ripped off "only" getting a 20% return.

I'll let you decide for yourselves which one you think is correct.. but there is NO third option... not with him always talking about the stress and so forth.. as he could end it any time with a couple of pieces of paper.

Schminner

It almost seems as if PeterB is deliberately stalling time and hoping to incite investors to report him to authorities.

Then, the South African authorities would just slap him on the wrist for his misdemeanor.

Finally, PeterB would use this as an excuse to completely not refund the $$$.

In the end, PeterB can retired in the lap of luxury at every sheep's expense, while the everyone blames one another and praise PeterB as a hero for his honesty and diligence.

2 years later, PeterB returns to fatten his retirement fund by rounding more sheeps from GT ... LOL