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Benny is very patient and helpful -
01-30-2010, 01:30 PM
I spoke to Benny at length via skype (this is Joe) and email back in August 2009. He was very free with his time. I wanted to gain enough info on his trading method to effectively make a decision to enroll in his program or not. I was certainly taken back by the cost of his program (kind of like Kyle A. of Canada). But after speaking with Benny and another trader Benny was kind enough to allow me to chat with I felt much more at ease. The way he trades he does not have losing days. Granted, you may have to babysit the trade for a few hours but……hey no losing days, awesome. Unfortunately, I got a illness which I am recovering from still so I have not yet take the plunge with his mentoring, yet.
My Comments on KC from Asia’s post; After our first conversation I knew that the Reverse Cost Averaging method was similar to the Martingdale method but Benny added his own twist to it (which I do not know). You have to be comfortable with that kind of money management system. You had to know that before you enrolled in his mentoring? There are certainly pros and cons to the Martingdale method of which you must determine how much you will ultimate risk when trade goes against you. Perhaps KC, you were starting out with too much risk initially and when the price action went against you , you compounded that by adding to your losing trades. Maybe you should start with say ¼ or ½ of one % to allow for any increase risk as the price goes against you to max out leverage wise to your 3% max risk. On other thing, maybe you need to start thinking that first about Risk instead of Reward……meaning what is the most drawdown I am willing to accept in my account, instead of solely focusing on the Reward.
I am sure if you are having these issues Benny would help you with your problem (as you must not be following the system exactly) and possibly help you recover all your losses. I have found that he is a very patient and giving individual.
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