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Anyone know of this service- newfuturestrading.com


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Anyone know of this service- newfuturestrading.com

  #61 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
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Lornz View Post
@bluemele

I thought he only sold his "mentoring" services?

No, he had a 10 YN (ZN) fund he put together.

Of course he didn't do it properly per SEC guidelines or any of that or meet any NFA requirements etc..

Who knows, he could have made a killing with this fund and just never shared with investors, but I doubt it. That is all speculation though.

Oh, and the returns he was promising were a bit out of this world. 10% per month compounding.... Sound familiar?

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  #62 (permalink)
 
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 bluemele 
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vovan348 View Post
I've heard about investing deals before and I know one of his students that invested some money also. I hope he can get his money back.

About system. It become personal because of the traders. You can use the same indicators and the same idea but trade very different from others. Everybody sees things different way and it has nothing to do with Henry.
For example Horst doing very well with that system. Sure he uses a lot of other knowledge he has so can do everybody else to make it personal!

Yes, a lot of traders have made it their own. That has always been my challenge as Judy, Roger, Horst, Danielle among others trade all very differently. As a student 'following' them I have had a hard time making up my mind what is right/wrong and gets confusing watching others. Regardless I learn from both and I have also experimented myself my like you have with the larger stops and holding targets. In the end though, I decided to stick with what I was getting better at as that was my own personality.

We all do trade quite differently.

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  #63 (permalink)
 
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 vovan348 
Moscow
 
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bluemele View Post
Yes, a lot of traders have made it their own. That has always been my challenge as Judy, Roger, Horst, Danielle among others trade all very differently. As a student 'following' them I have had a hard time making up my mind what is right/wrong and gets confusing watching others. Regardless I learn from both and I have also experimented myself my like you have with the larger stops and holding targets. In the end though, I decided to stick with what I was getting better at as that was my own personality.

We all do trade quite differently.

I feel you! Haha...
Same here. It takes a while to figure out what fits you the best!

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  #64 (permalink)
 
Lornz's Avatar
 Lornz 
Oslo, Norway
 
Experience: Advanced
Platform: CQG, Excel
Trading: CL
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bluemele View Post
No, he had a 10 YN (ZN) fund he put together.

Of course he didn't do it properly per SEC guidelines or any of that or meet any NFA requirements etc..

Who knows, he could have made a killing with this fund and just never shared with investors, but I doubt it. That is all speculation though.

Oh, and the returns he was promising were a bit out of this world. 10% per month compounding.... Sound familiar?

That's all?

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  #65 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
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Lornz View Post
That's all?

Well, a big deal to some who will lose most of their savings. Like a very good friend of mine if he doesn't start paying people. Not to mention all the students that had 'money back guarantees'.

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  #66 (permalink)
 
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 Lornz 
Oslo, Norway
 
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bluemele View Post
Well, a big deal to some who will lose most of their savings. Like a very good friend of mine if he doesn't start paying people. Not to mention all the students that had 'money back guarantees'.

Yes, I hope it works out. I was trying be ironic about 10% compounding a month. He would be the richest man in the world by now...

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  #67 (permalink)
 
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 bluemele 
Honolulu, Hawaii
 
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Lornz View Post
Yes, I hope it works out. I was trying be ironic about 10% compounding a month. He would be the richest man in the world by now...

Yup.

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  #68 (permalink)
 
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 bluemele 
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https://www.sos.nh.gov/securities/PDF/Enforcement_Orders/EnforcOrder_NewFutures-CeaseDesist.pdf

Ouch.

Poor Ryan. He is probably going to have a pretty good sized judgement and had no clue.

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  #69 (permalink)
 
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 cory 
virginia
 
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he probably thinks just a couple of good trades then he can full fill the 10% promise and some changes.

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  #70 (permalink)
 
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 Trader Duck 
Fairbanks, Alaska
 
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bluemele View Post
Oh, and the returns he was promising were a bit out of this world. 10% per month compounding.... Sound familiar?

10% per month is not impressive. Isn't that only 2 tics per day? If you have a $5,000 account, trade the EC with 1 contract and make 40 tics in the market, you will make $500. That is a 10% return. In the futures market this is absolutely possible to do in a month. But there are some that average that much each day. To me 40 tics per day is like a 280 yard drive in golf. Most amatuers can't do that, but the pros do it all the time and some average that much. We know it's possible in golf because we can watch it on TV. But in trading, it isn't so easy to witness that kind of success. In some trading chat rooms, you see it. But if you look at the charts and apply a good trading strategy, you can see it. There is no need to look at someone else's P&L to prove it. You can see it in the charts.

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