Hi Everyone,
There used to be a real popular senior trader and mentor in our group named Sherman. He used to work really hard and was kinda cool guy. You guys must have heard about Sherman box when Victor or some other senior traders are in room – this Sherman guy was the inventor of that Sherman box.
Anyway this blog Vlad is writing to tell you about the anecdote when Sherman got Mangal Margined (remember I coined a new term Mangal Margin that everytime from now on if someone will blow his/her account because of wave theory it will be referred to as being Mangal Margined).
Anyway this incident is almost 1 year old when Gold was at its highs but wave theory proponents saw 1 more up. So when gold started dumping (instead of trading with the trend and shorting) they started longing like mad.
They tried to buy at 0.236 fib didnt work.
Sherman was long big lots. Anil said dont worry; one more move up will come it will break the top. Its coming.
So they (especially Sherman tried to long 0.318 fib ) it also didnt work.
Sherman was now in big drawdown; he contacted Anil. Anil nonchalantly said its coming.
Sherman added more to the trades and went long 0.618 fib. it seemed to be working for a while. Anil told everyone , see its working. Wave theory does work. And then
IT DUMPED!!
Last resort was 886 fib. this was Sherman’s only hope. He was down around USD 60k.
Didnt work.
Ultimately it broke the wave’s bottom.
Sherman blew his account losing in excess of around USD 95k.
Sherman used be such a cool and funny guy always.
Anil Mangal – master of counter trend trading buying gold for 1 more up thinking he is oversmart in a dumping market
On his last day in trading room; he said to everyone that clearly this bullshit theory doesn’t work and that he was going somewhere else to look for methods which work. He was never seen in the trading room again.
He learnt his lesson after blowing 95k and having a scar for life.
How many will you lose before you will learn yours? Or are you also waiting to be “Mangal Margined”
Vlad.
PS: if you will look at the chart in hindsight now, you will not see any thing of significance; Anil Mangal will cutely call it contracting or expanding or whatever fancy name he has invented (for hindsight preaching) but lots of wave theory guys blew their accounts trying to get one more up ( Vlad calls this trying to be oversmart and trying to tell market what market should do instead of trading with the market) This is just ONE example of when we blew our accounts looking for big move (just like GBPCAD great genius short at an important support). Vlad will tell you more stories about what happened in the past.
That is tragedy!!
Keep up the good work here.
I read your blog from the 1st day on google blog site.
I will send you the comments later on too.
Thank you.
Vlad is doing what Vlad can do. Now you guys also need to contribute and not just read.
Very true. I remember the story
Ofcourse its true. Vlad selling no courses; Vlad dont lie
Thank you for commenting 🙂
Sherman ???
Has played #stopless ???
And asks Anil, to wiz for him one more wave up?
OMG !
Sherman was a legend.
Was…
till your post.
PS
Never trade #stopless, if you don’t know how!
No kidding, Sherman was a great guy. He did play the game with high risk though, and like someone else said, you should never trade without a stop.
But on the other hand, I know too well the ‘it’s coming’ crap from Anil. My final straw was in the first quarter of 2018 when USDJPY dropped hard, and kept dropping for months. Anil was expecting a C wave up to complete his imaginary structure. The whole time Anil would say, ‘the up move is coming’, hence keep looking for longs. The evidence is in his youtube webinars which will still be available. Then around April 2018 USDJPY did start to make a move up (as it would eventually) and he exclaimed ‘see I told you it would go up’. This is classic Anil talk, never wrong always right.
I know that others lost a lot of money in that time, as we were only looking for longs and never going with the trend. After that I stopped actively participating in the group and started looking for better things. I’ve never looked back.
Me too; Vlad calls Anil’s lines fantasy lines and Vlad and his friends laugh at him and his calls.
Vlad being a mathematician ran a statistical test on Anil’s calls (on a sample collected over 3 months) and it turned out that if you would reverse trade him; you would end up making more money.
Hence Vlad now dedicatedly reverse trades his calls to make money – no kidding there. Reverse trading Anil Mangal gives you 60-40 edge which is better than a coin flip and any hedge fund manager will give you his left arm and right leg for such an edge in short term trading.
You guys can try also – like USOIL short, GBPCAD short, USDCAD short,… now he called for AUDUSD long this week but Vlad is short it and already in green (Vlad will long it later from the bottom).. There are so many example..
Anil has a God given knack of shorting bottoms and longing tops; and this talent is too good to let it go to waste hence Vlad now reverse trades Anil with a passion
Man, thats not about Anil, but about Sherman.
Sherman Cho was a legend
like Benny G, and Kalbot
Anil can say anything. but he can’t move the market
keep this in mind.
And … my advice listen his webinars w/o sound. No sound, no bias.
Hi-ok? Sherman choo here(am in China at the moment, hence the ip 🙂
1) Someone contacted me about being on a site and true, I had come up with what some call “sherman” box to improve timing of my entries for day and swing trading.
2) Regards to $100k loss from gold buys, sorry to hear of this loss, I should mention that those gold buy trades were by another trader going by similar first name “sherman” whom I’m not familiar with.
Quite the opposite, Based on TV forecast (under my Gold charts) , the trade idea was to sell and time factor was to hold the short position for 2 weeks at least.
3) i have started an fx sharing series on YouTube bout news trading, stop loss, correlation, moving averages and more..
according to google analytics, average viewing time is 18 -23 minutes per video, stuff retail traders should know before investing their next 5 to 10 years in this biz. (Leave a like if helpful so I’l know what to talk more on.)
Trade safe, party hard because… YOLO right?
To the top,
Sherman choo
Singapore
Sherman !!!
Lets give some support for our lefendary friend !
Here are all his projects, I suppose
http://anilmangalscam.com/forum/viewtopic.php?f=8&t=169