My son is the trader not me. He never has had money to invest. He never has been employed by any business doing trades. He hardly has ever been employed at all. He is twenty five years old. He was disabled for several years with a severe form of bipolar disorder. He still is unstable, but most of the time is coherent, a big improvement. He failed out of college, and did not exactly graduate from high school. His zeal for video games as a kid turned into zeal for profits on Forex trades using a demo account on the Forex.com trading platform. Over the last four years, he says he has found a way to make astronomical profits. His method grows his fund 5% every day. Nineteen out of twenty trades he makes are winners. 99.9% of his trading so far has been with a demo account at Forex.com.
"Real Traders Never Believe Me Until I Show Them My Results"
He says that when he talks to real traders, they never believe what he says are his trading results. Then he shows them his results. At that point, he says, many become ready to hand over money in amounts ranging from the “few thousand they have in their pocket,” to the $150,000 in their trust fund, to uncounted $millions under the control of people who already have made a fortune by their time as traders or in their jobs at financial institutions. Total investments to date: $0.00.
He says he has settled on a formula that on average grows his fund 5% very trading day, with no substantial losses to offset those gains. He makes 3-5 trades per day. He is not using any sort of leverage, except in the form of investments to his fund where he will split profits 50-50 with his investors. Until now, he has not accepted investments, because he was in preparation mode. He is expecting $10,000 investment from his friend with the trust fund on Tuesday. He will deposit that money into a broker account and commence generating his fortune.
He Trades Like Rainman Counting Toothpicks
He watches a data stream that comes through the Forex.com trading platform. He says data more than two minutes old is irrelevant. He says a lot of considerations go into spotting the opportunities. When he spots them, he says the window for making the trade is a few seconds.
If what is says is true, he seems like Rainman in the toothpick scene, where a box of 250 toothpicks is dropped to the floor. Rainman, the savant, with a severe problem being normal, does not know how many toothpicks were in the box. He eyeballs the scattered toothpicks and counts them in three groups of 82, totally 246 toothpicks that he has counted. At that point, someone notices there are four toothpicks still in the box, showing Rainman’s count was accurate. Something like that is how my son spots trading opportunities. It’s either that, or it all false information, just in his mind, disconnected from reality.
Until a few days ago, I have assumed it was all just in his mind. He has been talking about getting investment dollars for years, speaking as if the money all is in hand and the profits all in his pocket. Earlier this week, he called to say the first $10,000 investment was on its way, due in two days. That was four days ago… Now he says the money is coming on Tuesday, with hundreds of thousands more after that.
To be continued.
