To You Know Who (no, not Voldemort)
I sincerely hope you read this post and that the BabyPips admins don’t delete it, although if they do, just know that it is not because there is anything within it that is against BabyPips’ rules. This is a letter from one friend to another, posted in the hopes that the friend in question will admit to his error.
Firstly, let it be known that what you have taught me is greatly appreciated and has certainly illuminated a vast array of techniques that are available for use in chartering the misty forex seas, and no doubt can bring immense success when applied in a well-oiled system devoid of human emotion.
That aside though, as a follower (I guess ex-follower now) and friend, I had always appreciated the effort you put into teaching newbies manners in which they can make sense of the market. I value the fact that you poured so much effort into introducing these techniques in an audially and visually appealing fashion.
Something never quite added up for me though, although I chose to overlook it; this being your often condescending attitude towards anyone who ever questioned your claims of success. It is no secret that the adoration of multiple followers (myself included) inflated your ego to the point where it became almost toxic. Still I chose to overlook it though, as I was grateful for all your assistance over the years.
Nevertheless, last year sometime I really began to question your ethics. A professional trader should have no reason to flaunt his success against newbie traders on a newbie forum. The claims you started making were seasoned with insults towards anyone who challenged you, and you cast yourself as this hero of trading to whom nothing is impossible. I sat on the sidelines and waited…
Along came this massive debacle which has shaken the majority of the BabyPips community. I must say, somehow I had this feeling that it would end like this, because God has a habit of humbling the proud and overconfident, anyone who boasts in their own abilities.
Nevertheless, now you have left BabyPips and taken a following with you, most of whom do not have any idea that they are under a “spell” of sorts. I guess I can’t blame them, since if you are fake, then they would have to give up all that they had worked on for so very long.
Just to set the record straight, and also to hopefully open the eyes of some of the fanatics, here are the facts:
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You started the myfxbook challenge with only $2k, and that same day said that you’d deposit the other $3k within the week - Nothing further was deposited until almost 3 weeks later. Simple clean fact.
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During this time, you remained completely silent on why you were failing to deposit the remaining funds, instead latching onto someone’s proposed reasoning, this being that you were trading the 2k account based on a 5k account’s risk. Come on man, it is plainly evident now that you do not follow any sort of risk management in any event! 5% risk yesterday on 2 consecutive trades, this after specifically stating that you personally never risk more than 2%, usually less, and risk reduction after each loss, need I say more?
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You made losses initially and made it frightfully clear that you were trading genuinely, no messing around. Unfortunately the videos are gone now, but anyone who watched that particular one will know that you assured us, the followers, that you were trading properly and merely had a bad day. Why did you later go back on this statement and say that it was a lesson? Sounds like a flat-out lie to me.
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You are now saying on your twitter feed that Chris Lori and yourself decided that you would not be a guest speaker at his conference anymore - Bro, I am completely dumbfounded by the fact that some guys still don’t get it - You aren’t presenting because the game is up, there is no “business reason” behind it, Come on, this is becoming embarrassing!
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You leave BabyPips and delete all your videos after they simply removed a link from one of your posts, Mistakenly I might add! It’s just too much of a coincidence that this ended up being the reason why you left BabyPips after such a petty little mistake.
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I do not know whether your trading last week was genuine or not, because you were buying highs and selling lows, but then it doesn’t explain why this week you would hold a massive losing trade despite vast evidence suggesting that GBPUSD was heading even lower. This is by no means in line with what you teach - cut your losing trades short.
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After you lost the trade, you immediately made the system private. Why? Because you were ashamed with the loss. That doesn’t strike me as the sort of behavior exhibited by a professional who acknowledges that losses are part and parcel of the business. What is even more upsetting is that you then opened the account again upon erasing that loss. It’s shameful and cowardly man, can’t you see that?
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After a month of trading, you have yet to take a single trade that well and truly illustrates a combination of your methods, despite there having been a multitude of trades in this period that fit the profile so nicely.
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There are other things which never added up, such as using some guys gun cabinet video from YouTube without giving him credit or trying to pass it off as your own or something.
Anyway, long story short, I know that people will slate me heavily for being a “turncoat” etc, but you and I both know that everything is not as it seems. I implore you to face the music and just come clean, you will be far more respected for it rather than passing off everything with excuses.
Anyway bro, again, I appreciate all the assistance you have given me personally, but I am extremely hurt by your recent actions, since I gave you the benefit of the doubt and saw the best in you.
Sincerely,
Your friend
