Puntersmate Trading Investment

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harry_rag
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Joined: Tue May 04, 2010 6:41 pm

Re: Puntersmate Trading Investment

Post by harry_rag » Tue Mar 12, 2019 11:52 am

Be interesting to see if there’s an explanation for it, maybe as simple as there was an opportunity but it just didn’t work out, “shit happens” etc.

Sorry you’ve taken that hit, presumably it’s not the fact that there’s been a loss that concerns you so much as the specific nature of it.

kenbo
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Joined: Tue Nov 04, 2014 7:15 pm

Re: Puntersmate Trading Investment

Post by kenbo » Tue Mar 12, 2019 12:47 pm

Could the server fee, and the percentage of profits you pay be deducted from your initial investment, instead of being paid separately each month? If it did go belly up after several years then you’d be far more out of pocket than what your initial investment was.

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Col
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Re: Puntersmate Trading Investment

Post by Col » Tue Mar 12, 2019 1:44 pm

General consensus is that the loss could have been worse, the biggest worry is that we were trading the EURGBP at all yesterday, when the whole idea was to reduce risk while anything important was happening regarding Brexit. Even the explanation spells that out.

Regarding the recent EURGBP trade, the decision to close the trade as close to TP as possible was made so that the system could be turned off before Brexit News later today.
Unfortunately, due to volatility there has been slippage, which we as a company are unable to control. Meaning some accounts will have suffered a small loss.


Someone has just pointed out it's the first daily loss since November.

Obviously there will be no commission fees at the end of the month if we are still in a loss situation, but seemingly the losses we incur this month, are carried into the next month, and is reduced from your profits, for commission purposes.

We move on.

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Col
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Re: Puntersmate Trading Investment

Post by Col » Tue Mar 12, 2019 2:04 pm

kenbo wrote:
Tue Mar 12, 2019 12:47 pm
Could the server fee, and the percentage of profits you pay be deducted from your initial investment, instead of being paid separately each month? If it did go belly up after several years then you’d be far more out of pocket than what your initial investment was.
They don't have access to the money in your account, only the account holder can access that.

kenbo
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Re: Puntersmate Trading Investment

Post by kenbo » Tue Mar 12, 2019 2:09 pm

I didn’t realise that. That should cut out a very large percentage of the likelihood of being ripped off.

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charliepie
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Re: Puntersmate Trading Investment

Post by charliepie » Tue Mar 12, 2019 4:07 pm

So you lost about £120 overnight? Losses are always going to happen in any form of trading, I guess the loss could have been a lot more so no need to worry yet!

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Col
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Re: Puntersmate Trading Investment

Post by Col » Fri Mar 15, 2019 7:36 pm

Results

M - 11/03/2019 - Closed Trade P/L: + 0.00
T - 12/03/2019 - Closed Trade P/L: - 115.25
W - 13/03/2019 - Closed Trade P/L: + 9.50
T - 14/03/2019 - Closed Trade P/L: + 7.18
F - 15/03/2019 - Closed Trade P/L: + 6.82


Running total for March - 95.20

Results with all fees paid
February - + 143.53

Trading Account Live

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Col
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Re: Puntersmate Trading Investment

Post by Col » Tue Mar 19, 2019 9:09 pm

Results

M - 18/03/2019 - Closed Trade P/L: + 3.37
T - 19/03/2019 - Closed Trade P/L: + 11.88


Running total for March - 79.95

Results with all fees paid
February - + 143.53

Trading Account Live

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Col
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Re: Puntersmate Trading Investment

Post by Col » Tue Mar 19, 2019 9:41 pm

No official word from the the guys who set up the trades, but reading between the lines and comments from some of the regulars, it looks like the trades which resulted in the loss on March 12th was all down to bad judgement, and a failure to suspend any EURGBP trades. We haven't had any EURGBP trades since that day, and will steer clear of them until the whole area is a bit steadier.

Meanwhile we continue to claw back the losses for this month.

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Col
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Re: Puntersmate Trading Investment

Post by Col » Wed Mar 20, 2019 8:04 am

Some cracking trades overnight. :)

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