I was just looking at performance of a mech trading system.....it has a great equity curve.....but on closer view I found that it has some losses of 15-25 % per trade.....one really needs rich( and foolish) father-in-law to trade such system..
Cannot even think of touching such great systems...wont disclose the name...
Smart_trade
Real story of rich father in law :
When I was starting as a struggling trader, we had formed a group...each moth everyone will contribute Rs 500 and we used to get trading and MM books from USA,UK through someone going there....
One of us was continuously making large losses and his family was disturbed...his father-in-law was a big textile tycoon and he was coming from London so we told him to get one trading book saying that we will pay the cost in INR....
F-I-L arrived and we checked up with him that he had bought the book costing some Rs 5000.....our trader friend was missing for last few days....we went to father -in- law's row house to collect the book and making a payment to him....father in law asked " what do you all do ?" we said we trade.....he brought the brand new book and put it on the ground in his backyard and put petrol on it and burnt the book in front of our eyes...
He later on told us that he supported our friend's losses but the losses were continuous and our friend started torturing his wife out of frustration of trading losses.....he said I dont want similar thing to happen to your families and that is why I am not giving the book to you , I am burning it in front of your eyes....
We have no right to disturb our wife and kids as they have done nothing wrong...it was an eye opener for all of us....
Smart_trade
