He saying here: "You should let your trades breathe, by giving them wider stop losses than you may want." You didn't let your trades breathe at all. There's complete contradiction here, from what Nial Fuller says, and what he actually does, and what he actually did. And this is also interesting, because keep in mind, according to his own words from the actual competition, he was applying sophisticated money management.
Sophisticated money management. So, 51% of his trades had inverted risk to reward ratios, and somehow that's sophisticated money management? A bunch of his trades had no stop loss or take profit, and somehow that's sophisticated running management? He also further said about the competition: "These are the exact same strategies I have been teaching to other traders. I'm not a day trader." Which is interesting, because when you start to look at the risk... Where it actually shows the actual duration in terms of the trades, this black line is the 25 hour mark. The majority of trades are clustered inside a few hours. And over half of his trades are closed within 24 hours. So, now you're saying you're not a day trader, but yet the majority of your trades were closed inside, not only one day, but inside half a day https://casinoslots-sa.co.za/entropay. You are a day trader. It's just complete fabrication here. Now, luckily FX Blue has a good risk assessment, where the analyse all the trades in the competition. And so this is, again, million@Maverick, this is his account. Now, this is where it starts to talk about risk over ruin. Nial Fuller's final risk of ruin was 53.2%. And what that basically means is, is that the chances of him losing 100% of his count, was 53.2%. In other words, you could flip a coin and on any given day of Nial Fuller's trading, that account, he has a 53% chance that that account's gonna blow up. The entire account. He has a 53.2 chance his entire account is gonna blow up. His single worst day was -40.1%. And when you start to look at the percent chance or the risk of ruin that he will lose 50% of his account, 73% chance that he will lose half of his entire account. This is absolutely horrible risk metics. This is something no professional trader would be doing. And if you were trying to manage funds for somebody, or applying to manage funds, if they were to see these stats, they would kick you out the door and they would never talk to you again. Yet, somehow AxiTrader thougtht it was a great idea, and said yes. Let's give that guy a million dollars. He's the winner. These stats are fantastic. Let's invest in that guy. That really tells you something about AxiTrader for that matter. Now, also looking at his statistics here, he had a total of four days with 10% losses or greater. Which it shows right here. It measures it this all in the risk statistics here. In fact, if you look, the majority of the days now Fuller is trading, he's losing money. If it weren't for just a few big wins, and then a couple here, this account would have blown up completely. The majority of time, if Nial Fuller's trading and making trades, he's losing money. I want you to think about that. Four trading days with 10% losses or more. Statistically, if you have two months of 10% losses, your chances of recovering that entire account fall to next to nothing. Your chances go exponentially higher that you will not recover your account. Less than 7% of all accounts that have two months of 10% draw-downs or more, will not recover their account. So less than 7% will actually recover it. 93% plus, will not. He's had four days with 10%. So, again, absolutely horrible risk metrics here. I've gone over all the trades. I've gone over the risk analysis. And I've kinda pointed out some of these stats. You know, just to kinda point this out a little bit more here, kinda go back to this here for a second. 18 trades had an inverted risk to reward ratio. Only three had favourable risk to reward ratio. That means Nial is six times more likely to have an inverted risk to reward ratio than he will have a trade with a favourable risk to reward ratio. 600% chance. 600%. Six times greater. For every one he has a favourable risk to reward ratio, he's gonna have six other that are inverted. He actually has a greater chance, a three times greater chance that his trades will actually not have a stop loss, take profit, or both, than he will produce an actual trade with a favourable risk to reward ratio. These are absolutely horrible statistics. These are not sophisticated money management strategies. This is not something a professional trader does. This is not somebody who shows discipline or a strong mindset or consistency in their trading. These are thing that you would expect out of a retail trader who's been struggling for years and continually blowing up account, blowing up account, blowing up account. This should tell you very clearly, this should bring you to the same inevitable conclusion, that Nial Fuller does not trade the way he says he does. At all. It's a complete farce. He says one thing, he trades another. And the proof is in the pudding. These are his trades. This is all the trades he ever took. There's no other inevitable conclusion on this one here. And so with that being said, I have five questions for Nial Fuller. These are questions you should, you know, if you're a student or thinking about becoming a student of his, these are questions you should be asking yourself. You should have an immense amount of questions here.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |