Hi Everyone,
Often you must have heard Anil saying in Trading Room that that hedging doesn’t work. Well, there is a interesting story behind it. Many years ago Anil managed to screw up a Russian Investor’s account when he bought big lots GBPJPY right under weekly EMA 200 (LOL LOL). No surprises there GBPJPY fell down. Anil Mangal was taken a back as it continued to fall and fall and fall.
Anil tried to hedged the account. And even after 3 years the price still has not reached those same levels.
So Hence you will find Anil saying hedging doesn’t work because he has been scarred for life. He ended up blowing the account of investor; GBPJPY never reached those levels again.
Hence its paramount that if you are trusting your money with someone you should ask for verified third party account of trading (myfxbook) and similarly when you are taking a trading course with someone.
Vlad is attaching the chat which he had with one of the contributors
Chat started on Sunday, March 31, 2019 2:36:45 PM
(2:36:45 PM) *** Visitor 3894697 has joined the chat ***
(2:36:45 PM) Visitor 3894697: vlad you there
(2:37:04 PM) *** Vlad has joined the chat ***
(2:37:05 PM) Vlad: yea
(2:37:09 PM) Vlad: vlad always here
(2:37:41 PM) Visitor 3894697: hahaah do you ever sleep
(2:37:58 PM) Vlad: vlad is vampire
(2:38:05 PM) Visitor 3894697: by the way
(2:38:08 PM) Vlad: ok
(2:38:17 PM) Visitor 3894697: I made this chart ready
(2:38:19 PM) Visitor 3894697: check it out
(2:38:35 PM) Vlad: where
(2:38:38 PM) Visitor 3894697: post if you want and attribute it to an old student who wants to remain anonymous
(2:38:40 PM) Visitor 3894697: wait
(2:38:45 PM) Vlad: sure
(2:38:56 PM) Visitor 3894697: https://www.tradingview.com/x/uJvBS6Fp/
(2:39:25 PM) Vlad: ok
(2:39:31 PM) Vlad: u need to tell me the story with it also
(2:39:37 PM) Vlad: so that i make it interesting
(2:39:39 PM) Visitor 3894697: nothing
(2:39:46 PM) Visitor 3894697: we were in the trading room
(2:39:56 PM) Visitor 3894697: he looked at GJ and he told to all buy
(2:39:59 PM) Visitor 3894697: we bought with him
(2:40:09 PM) Visitor 3894697: then it took a dive
(2:40:18 PM) Vlad: ok
(2:40:21 PM) Visitor 3894697: and he stopped talking about it
(2:40:23 PM) Visitor 3894697: for a while
(2:40:28 PM) Visitor 3894697: then I brought it up
(2:40:41 PM) Visitor 3894697: and he said …I don;t know why you guys are fixated on GY
(2:40:50 PM) Visitor 3894697: so I thought he closed the positioon
(2:41:02 PM) Visitor 3894697: but couple weeks later he said he is hedging that position
(2:41:20 PM) Visitor 3894697: and he is meeting with his broker and his investor to figure out how to unwind it
(2:41:27 PM) Visitor 3894697: but very nonchalantly
(2:41:43 PM) Visitor 3894697: he kept saying it will come back
(2:41:57 PM) Visitor 3894697: he hedged and 3 years later NADA! lol lo l
(2:42:00 PM) Visitor 3894697: story of his life
(2:42:17 PM) Visitor 3894697: this is a true story of course he can’t deny it
(2:42:30 PM) Vlad: yea, Vlad remembers this screw up.
(2:42:36 PM) Vlad: it still have not come back
(2:42:36 PM) Vlad: lol
(2:42:41 PM) Vlad: i just checked
(2:42:43 PM) Visitor 3894697: nope!
(2:42:50 PM) Visitor 3894697: i say it in the text too
(2:43:02 PM) Visitor 3894697: 3 f’ing years
(2:43:12 PM) Vlad: give me name of some guy who got burnt in the trade
(2:43:21 PM) Visitor 3894697: I can’t
(2:43:24 PM) Vlad: i need to the post connect with personality
(2:43:29 PM) Visitor 3894697: i have no permission
(2:43:46 PM) Visitor 3894697: I got burned out of few thousands dollars
(2:43:50 PM) Vlad: but whole group got burnt?
(2:43:50 PM) Visitor 3894697: in that trade
(2:43:58 PM) Visitor 3894697: no I dunno
(2:44:03 PM) Visitor 3894697: or if we did
(2:44:08 PM) Visitor 3894697: nobody told anybody else
(2:44:13 PM) Visitor 3894697: or at least I didn’t hear
(2:44:22 PM) Visitor 3894697: but people we asking him about the trade we all took with him
(2:44:32 PM) Visitor 3894697: wwere*
(2:44:51 PM) Vlad: and what explanation did he give
(2:44:57 PM) Visitor 3894697: nothing
(2:45:12 PM) Visitor 3894697: a bunch of ranting…he is a dictator you can’t challenge him
(2:45:15 PM) Visitor 3894697: you get booted out
(2:45:35 PM) Visitor 3894697: so people hush hush behind the scenes comment but not in the room
(2:46:03 PM) Vlad: yea i know
(2:46:19 PM) Visitor 3894697: also there is the factor of shame
(2:46:43 PM) Visitor 3894697: so one is not willing to share loss stories
(2:46:48 PM) Vlad: yes
(2:46:55 PM) Vlad: they look stupid
(2:47:00 PM) Vlad: and thats how he gets away
(2:47:10 PM) Visitor 3894697: exactly and he COUNTS on that
(2:47:23 PM) Visitor 3894697: and then if you speak up he SHPMES you
(2:47:30 PM) Visitor 3894697: you are stupid for taking the trade
(2:47:45 PM) Visitor 3894697: YOU should come talk to him so HE can HELP you
(2:47:48 PM) Visitor 3894697: say what?
(2:47:51 PM) Visitor 3894697: help yourself first
(2:47:56 PM) Visitor 3894697: dumbass
(2:47:57 PM) Vlad: lol
(2:48:12 PM) Vlad: but he made 2.5 million out of this
(2:48:17 PM) Visitor 3894697: exactly
(2:48:21 PM) Vlad: well not anymore
(2:48:27 PM) Vlad: thats where the road ends
(2:48:29 PM) Visitor 3894697: yes!!
(2:48:36 PM) Visitor 3894697: I am gonna help as much as I can
(2:48:40 PM) Visitor 3894697: I am just getting started
(2:49:01 PM) Visitor 3894697: so nobody think they are missing out on anything
(2:49:18 PM) Vlad: yes
(2:49:27 PM) Vlad: dont worry
(2:49:30 PM) Visitor 3894697: no no
(2:49:34 PM) Vlad: ?
(2:49:35 PM) Visitor 3894697: you can update true
(2:49:56 PM) Vlad: i will
(2:50:03 PM) Vlad: yes
(2:50:07 PM) Visitor 3894697: that whatever he is is selling is available on the net
(2:50:10 PM) Visitor 3894697: and here is proof
(2:50:24 PM) Visitor 3894697: student promises you more similar resources or go google yourself
(2:50:35 PM) Visitor 3894697: there is NOTHING special about what he teaches
(2:50:51 PM) Vlad: yes
(2:51:02 PM) Vlad: man i have got so much material to write recently
(2:51:07 PM) Vlad: everyone giving me stories
(2:51:08 PM) Visitor 3894697: hshshs
(2:51:12 PM) Vlad: but no one writing themselves
(2:51:16 PM) Visitor 3894697: you got yourself a job
(2:51:23 PM) Visitor 3894697: I will my friend I promise you
(2:51:33 PM) Visitor 3894697: I am just busy with a project and I am gonna flood you
(2:51:38 PM) Visitor 3894697: and get you solutions as well
(2:51:41 PM) Visitor 3894697: trust me
(2:51:48 PM) Vlad: ok
(2:53:20 PM) Visitor 3894697: you know that before he kicked some of us he told everybody that doesn’t agree with me leave…tjat’s what he did with the 5k course he paid for
(2:53:34 PM) Visitor 3894697: so he expect people to eat up the expense and chalk it off
(2:53:59 PM) Vlad: how convenient
(2:54:12 PM) Visitor 3894697: 2.5million later he is still spewing the same crap!
(2:54:26 PM) Visitor 3894697: no strategy no counting no shiz!
(2:55:08 PM) Vlad: i am chatting another old trader like u
(2:55:22 PM) Vlad: he is saying he did the gbpjpy trade for a russian investor
(2:55:26 PM) Vlad: and hedged it
(2:55:30 PM) Visitor 3894697: hahaah yes
(2:55:31 PM) Vlad: lost lots of money
(2:55:32 PM) Visitor 3894697: see all confirms
(2:55:43 PM) Vlad: and then russian investor left anil showing middle finger
(2:56:12 PM) Visitor 3894697: meaning who gave the middle finger?
(2:56:27 PM) Vlad: russian investor
(2:56:32 PM) Visitor 3894697: to anil
(2:56:37 PM) Vlad: yes
(2:56:39 PM) Vlad: who else
(2:56:43 PM) Visitor 3894697: i think ti is the other way around
(2:56:49 PM) Visitor 3894697: anil screwed his investor
(2:56:53 PM) Visitor 3894697: anil didn’t lose anything
(2:57:20 PM) Visitor 3894697: is it just an english issue here or you mean something totatlly different
(2:57:35 PM) Vlad: yes technically anil fucked him up
(2:57:44 PM) Visitor 3894697: exactly
(2:57:48 PM) Vlad: but yea russian didnt trust him for long; he left quickly
(2:58:17 PM) Visitor 3894697: my theory is this 500K is not investor money
(2:58:32 PM) Vlad: really?
(2:58:37 PM) Visitor 3894697: it is his…unless he found some rich dumbass in dubai
(2:58:55 PM) Visitor 3894697: but truly 500K with no record
(2:59:09 PM) Vlad: no
(2:59:43 PM) Vlad: so its another rich dumbass
(2:59:50 PM) Visitor 3894697: oh oby!
(2:59:53 PM) Visitor 3894697: boy
(3:00:05 PM) Visitor 3894697: ok god help us all
(3:00:15 PM) Visitor 3894697: i hope he stumbles upon your website
(3:13:06 PM) *** Visitor 3894697 has left ***
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