Thank you all for your very informative comments. The reason I used a signal service in the first place was due to time constraints not due to greed. Also I have taken responsibility for my part as I have lost $12,000.
I made this complaint so that others would be aware of what Greg Stefaniak was doing and so they could make a better informed decision based on hindsight provided by me. When I increased my base lot to 0.3 lots I assumed that I was authorizing Greg to trade at this lot size. He was trading a base lot of 0.02 and I set the multiplier to 15. Nowhere had Greg stated that he would be leveraging the base lot by 24 times whenever there was a Counter Trend. I posted the email I received from Greg which was in answer to members worried about the DD. He said to not close any trades manually and that he knew what he was doing. By this, I took it to mean that he was trading to a specific plan and if I manually closed trades I would be interfering in that plan.
Obviously in hindsight I was wrong to believe him but at the time I didn't know that.
I was a fool to trust him and I would simply like Greg to explain why the trades I received were completely different to everyone else. I have not had anyone contact me to say they received the same trades. I posted the exact trades I received so everyone could compare them. If there was broker differences etc, I would expect some differences perhaps in the times that the trades were delivered but I would still expect the same trades to be sent to everyone. While I was receiving Sell trades in the GBPUSD rally, other people didn't receive one sell trade but buy trades only. I wanted an explanation for this.
I will trade for myself from now on as I haven't given up on my desire to trade.
But, if someone is offering one thing and delivering something completely different then they are receiving money by deception. I disagree with those members who have said he is just a bad trader, he is a lot more than that because he takes a monthly fee knowing that he is wiping out hundreds of peoples' accounts and that is criminal in my opinion. And then he has the cheek to place a 4 star FPA rating insinuating that his service is fully approved by FPA members. This is an insult and I can't understand anyone wanting to be associated with this person in any shape or form. I have complained to ASIC the Australian Securities and Investment Commission and they can't take any action because Greg is in another country. So if anyone who lives in Poland has had their account wiped out you would do everyone a favour by reporting Greg Stefaniak to the authorities.
I made this complaint so that others would be aware of what Greg Stefaniak was doing and so they could make a better informed decision based on hindsight provided by me. When I increased my base lot to 0.3 lots I assumed that I was authorizing Greg to trade at this lot size. He was trading a base lot of 0.02 and I set the multiplier to 15. Nowhere had Greg stated that he would be leveraging the base lot by 24 times whenever there was a Counter Trend. I posted the email I received from Greg which was in answer to members worried about the DD. He said to not close any trades manually and that he knew what he was doing. By this, I took it to mean that he was trading to a specific plan and if I manually closed trades I would be interfering in that plan.
Obviously in hindsight I was wrong to believe him but at the time I didn't know that.
I was a fool to trust him and I would simply like Greg to explain why the trades I received were completely different to everyone else. I have not had anyone contact me to say they received the same trades. I posted the exact trades I received so everyone could compare them. If there was broker differences etc, I would expect some differences perhaps in the times that the trades were delivered but I would still expect the same trades to be sent to everyone. While I was receiving Sell trades in the GBPUSD rally, other people didn't receive one sell trade but buy trades only. I wanted an explanation for this.
I will trade for myself from now on as I haven't given up on my desire to trade.
But, if someone is offering one thing and delivering something completely different then they are receiving money by deception. I disagree with those members who have said he is just a bad trader, he is a lot more than that because he takes a monthly fee knowing that he is wiping out hundreds of peoples' accounts and that is criminal in my opinion. And then he has the cheek to place a 4 star FPA rating insinuating that his service is fully approved by FPA members. This is an insult and I can't understand anyone wanting to be associated with this person in any shape or form. I have complained to ASIC the Australian Securities and Investment Commission and they can't take any action because Greg is in another country. So if anyone who lives in Poland has had their account wiped out you would do everyone a favour by reporting Greg Stefaniak to the authorities.