Guys, have a look at those 2 new accounts that Tamoor opened few weeks ago: The first one is the aggressive account:
http://www.myfxbook.com/members/tamoorraja/eec-aggressive/2069931
I'm going to explain how you should read myfxbook: First you should understand the relation between your expectations vs reality ratio.
Expectations is what the trader wants you to see: Only nice profits, this is what matters for most of the investors and the traders know that.
Reality: It shows what the trade really is, with all profits and losses after (profits) are realized.
So now let's go back to the chart: The first 2 pictures on top is the aggressive account, which is showing +127K in profits until Apr 17th, this is what traders see and as I said, this is the only thing they pay attention, but there is so many more important features you should be attention to:
You should look at the
drawdown area, which is how much this particular account risked at any given point, a reasonable acceptable drawdown should not be more than 20%, in this case you can se that's above -40% already, this doesn't mean the account has lost 40% yet, but it means that opened trades at one point reached those values in losses, but they became profitable at some point.
Another feature to pay attention is the
Equity Growth, which is the real profit, not the Gross Growth, this yellow line fluctuates as the opened trades are currently going up and down, if you pay attention at March 30th, the yellow line decreased rapidly and then it went back up and matched the red line, that means the trades reached the break even, not necessary the trades are closed at this time, now from beginning of Apr to 17th, both lines were flat, so the opened trades were fluctuating around the break even.
Another important feature is the
Profitability, which until the 17th was showing +80%, which means the majority of the trades are profitable, BUT, this could be a very dangerous signal, why?
Now look at the charts below, what do you see? The gains went from +151% to - 63% in 1 day, why this happened? Because this particular account doesn't trade with
STOP LOSS Level, this is how Tamoor Tariq was managing to delivery up to 15% per week for 18 weeks in a row, because he was showing to the investors the majority of the time, only profits, he was hiding the opened trades away from investors, I already mentioned in the past 2 of his accounts that went burst and he removed from his profile on myfxbook.
So what really happened? There were several trades on GBP crosses and if you follow the GBP trade, they exploded to the upside on APR 18th after the UK PM spoke. Therefore this created huge losses for EEC account, this is the dangerous behind an investment which doesn't trade with stop losses, as I always mentioned here: No matter how good a trade system looks like, you need to deeply investigate the account to see what's behind, but as you know, investors in this type of HYIP don't care about it, all they care is about profits, profits and profits.
Now people are telling that Tamoor is not feeling well and it's in bed, okay, this may be true, but this is not an excuse for such huge losses, this is why you should never believe on someone who is promising so much profits in a short amount of time, this strategy is used to attract clients and the only one who will actually make money, is the trader.
Another thing, Tamoor is trading with about $1.5M, but where is the rest of the money? You (investor) know where it is? He certainly could have withdrawn the remaining capital, which it was about $5M, or not, you never know until when an honest guy, who holds couple Million Dollars from clients funds direct into his trading account, will keep his words that he will indeed give the money back to the clients, he said the payouts will start on May 12th, regardless is there are profits or not. Well, we shall see.
