Attending a FX scam – automated responses – part 2

Yet another automated robot has fallen for the trap! This week I joined another scam presentation from the same company as the previous blog: https://pneuma.capital/attending-a-fx-scam-automated-responses/ These presentations claim to be “live” but they are clearly pre-recorded and have automated bots to answer some of your general questions. To catch them out, I tend to give absurd answers to see what… Read More

Attending a FX scam – automated responses

Today’s blog is too hilarious not to share! I joined another scam presentation and realized that it was not live (even though the email invite clearly stated that it was a live event). These recordings are so blatantly scripted, that they have bots that will respond to your answer when the recorded presenter asks a question. To catch them out,… Read More

Attending a FX scam presentation – unrealistic returns

I had too much fun joining a Zoom call where a scammer tried recruiting people into their trading scam. The invite had many red flags like “free $500 giveaway” and “guaranteed returns”, so I created a fake alias to protect my personal details. Once I was in, it was too easy to spot the scam – they could not answer… Read More

THE GREATEST TRADING SYSTEM EVER PRODUCED (PART 2)

I hope you had some fun sharing the previous blog with as many family members, friends and people of the trading community as possible. If you have not read part 1 of this blog, be sure to go through it before continuing with this article. You can find part 1 here:https://pneuma.capital/the-greatest-trading-system-ever-produced-part-1/ I hate scams. They are incredibly dishonest and make… Read More

THE GREATEST TRADING SYSTEM EVER PRODUCED (Part 1)

This is the greatest trading system ever produced. You are guaranteed to double your money every two weeks. For example, a small investment of $500 from you can grow into $8000 in just under two months. With this system that I developed, you will be able to quit your job and live off your trading income for the rest of… Read More

ONE YEAR OF TRADING

This is me at the start of my trading journey in September 2020 when I registered Pneuma Capital. Armed with some education and high levels of enthusiasm, I entered the markets with the expectations of making cash rain down from the sky. One year later, I realize my wide-eye enthusiasm overestimated the capital gains and completely underestimated the difficulty of… Read More

DOES REPETITION LEAD TO MASTERY?

Does repetition lead to mastery of a skill, and (if it works) how do we apply it to our trading? “Repetition is the mother of skill” comes from Tony Robbin’s “Awaken the Giant Within”. While I do not fully agree with Tony’s ideals, I do believe that this specific lesson is true. Trading is a skill that can be enhanced… Read More

MARKET RANDOMNESS

Why is it difficult to make money in the markets? There are many reasons why it is difficult to make consistent profits by trading. Some people trade without an edge, some do not treat it as a business and some are simply just unlucky. Regardless of these points, the environment in which trading occurs is highly random. It is a… Read More

ASYMMETRIC DRAWDOWN AND RECOVERY

Good trading requires a good understanding behind the maths related to how money is exposed to the markets. There is a misconception that the percentage lost is equal to the percentage recovery, as many new traders believe that their losses can be easily recovered. At low drawdown levels (between 1% and 10%), the recovery needed is approximately equal to the… Read More