In fact, you should be totally sceptical about Nial Fuller's trading. Anything he says he does, you should now know he doesn't do that at all. It's the complete opposite. So these are five questions that came out of my mind, and maybe you have others yourself, but the first one for me is: One, you were calling these high quality trading opportunities when you talked about this in your competition. Case and point, you said it right here http://oncasinogames.com/canada/lucky-nugget-casino/.
"Winning the competition was a balance of finding quality trading opportunities." Okay, so are you telling me that the majority of your trades with inverted risk to reward ratios and closed out inside of a day, these are high quality trading opportunities? Is that what you're telling us? Because that doesn't make any sense. Second question, you call this sophisticated money management. Please explain to me how this is sophisticated money management. 'Cause this is something that an incredibly undisciplined retail trader on crack would do. There's no discipline here whatsoever and there's no sophistication in it whatsoever. You had a total of three out of 35 trades that had positive risk to reward ratios. The rest were all even, negative, most of them, or no stop loss or take profit. So, is this what you call sophisticated money management? My third question is, is closing trades early in the negative what you call having the discipline not to trade, or as you... Letting the market take you out of your trade? Is that what you would... Is that why you're saying why you should almost never manually close trades? Please explain the discrepancy here. Now, you also said these are the same strategies you teach to others. That's in this little statement right here. "These are the exact same strategies I have been teaching to other traders." Okay let me get this straight. You have been teaching to other traders to have inverted risk to reward ratios, to not let the trades play out, to only have, for every positive risk to reward ratio trade you have, you have six others that are inverted? Are your strategies really that, do they have that poor of entry stop losses and take profits? If these are the same strategies you teach other traders, then your students should be highly concerned. If they're not, please explain the discrepancy there. 'Cause it doesn't make sense. It either is the strategies you teach to them, which would be an abomination, or it's not. You choose. And the last is, where you talk about, you say you're not a day trader. You said right here: "I am not a day trader. I'm more of a swing trader, so I only traded a handful of times during the competition." Which is it? You traded 35 times in a period of what, six weeks? You were averaging about 1.15 trades a day. You're saying you're not a day trader, but when you average 1.15 trades a day, you're a day trader. And when over 51% of your trades are closed within a 24 hour period, and of half of those, the majority of them are closed inside 12 hours? That makes you a day trader. So please explain the difference here. The bottom line is that the evidence now speaks clearly itself. These were your trades from the competition, which you were so eager to brag about. In fact, you were promoting your win in the competition as of three weeks ago. It was a year after it, and you were still promoting it. So, this is something that you thought was some big achievement, but when you start to look at the numbers, I think everybody now knows why you never talked about these trades in a later article or video. Because the numbers are absolutely horrible. This doesn't show someone who's using sophisticated money management. This doesn't show someone shows discipline or confidence or patience or letting their trades take them out. Anybody who looks at this, should be coming to the inevitable conclusion that I did, which is that Nial Fuller trades nothing like he says he does. In fact, he trades the complete opposite. And so, if anybody's even thinking about becoming his student, or is a student, this should leave immense questions in your mind because Nial Fuller's saying one thing and completely doing another thing.
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AuthorTimothy Farrar is a famous travel blogger and writer at Eleventy traveler blog. He is a surfer, tattoo addict, drummer, Swiss design-head and doodler. Operating at the sweet spot between art and function to craft experiences that go beyond design. ArchivesCategories
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