Poolprofit---www.poolprofit.com

Apprentice Joined: 06 Oct 2006 Posts: 77

This is a new program that I thought looked interesting.

Apprentice Joined: 06 Oct 2006 Posts: 77

The following was posted on another forum by the admin of pool profit. They are looking for someone to conduct dd on the program.

Hi everybody, today i have finished working on my first project and feels happy to present it to you. Kindly communicate ur ideas about the plateform, any possible bugs,or any improvement that may help us. The site is located at www.poolprofit.com

Some of the general infos are like this

PLAN NAME :Pool Power 1 UNIT PRICE :$100
DESCRIPTION: Instrument: Fx Spot ; Minimum entry: USD 100 ; Target Monthly Returns:10-100% ; Risk levels: Extreme ; Drawdown Possibilty > 50 % ; Leverage: 1:10 to 1:40 ; Broker: Neiumex ; Unit Activation Time: 1-3 days ; Withdrawl Response Time: 1-5 days ; Optimum Time Horizon: Short Term ;

PLAN NAME :Pool Power 2 UNIT PRICE :$100
DESCRIPTION: Instrument: Fx Spot ; Minimum entry: USD 100 ; Target Monthly Returns:> 5 percent ; Risk levels: least ; Drawdown Possibilty 10-30 percent ; Leverage: 1:1 to 1:10 ; Broker: Neiumex ; Unit Activation Time: 1-3 days ; Withdrawl Response Time: 1-5 days ; Optimum Time Horizon: medium to long term

Wish u all good luck and would appreciate any feedbacks or questions regarding this.
Thanks

Posted: Fri Nov 17, 2006 11:14 pm

From the looks of it, this is very high risk. It looks like they are trading with 100% of the deposits, especially with the second option.

5% potential profit with risk of up to 30% drawdown is a larger risk than I am willing to accept.

Levaz

Apprentice Joined: 20 Nov 2006 Posts: 80

levaz wrote:

From the looks of it, this is very high risk. It looks like they are trading with 100% of the deposits, especially with the second option.

5% potential profit with risk of up to 30% drawdown is a larger risk than I am willing to accept.

Levaz

Actually, I was thinking of making a deposit in Plan 1 after the DD is completed and another couple months of returns. With 6 or so months as a track record, their 'system' should be sufficiently tweaked. RISKY! Very Happy

Newbie Joined: 05 Feb 2007 Posts: 7

Hi dear fellows. yes the system is slightly tweaked and the following changes in the plan prposals are in offing
PP1 target returns 75-150 percent per annum with drawdown restricted at 30-40 percent and a RRR ( risk to reward ratio) of 1:2 to 1:3.5

PP2 target returns at about 35-70 percent per annum with drawdown restricted at 12-16 percent and a RRR ( risk to reward ratio) of 1:2 to 1:3.5

This makes me and the trader more comfortable and stable.

Newbie Joined: 05 Feb 2007 Posts: 7

Trade updates:

September (one week trading)

PP1 : 11.41 percent

pp2 : 0.68 percent

October

pp1 : 22.22 percent

pp2 : 8.38 percent

November

pp1 : 44.00 percent

pp2 : 4.17 percent

December

PP1 : 20.00 percent

PP2 : 9.59 percent

January 2007

PP1 : 0.87 percent

PP2 : 0.34 percent

February 2007 9 (As on 21.02.2007)

PP1 : -1.25 percent

PP2 : -0.50 percent

Posted: Fri Feb 23, 2007 10:20 am

Hey

Would you care to elaborate the reasons for this sudden drop in January, and February (as of now) ?
Thanks

Newbie Joined: 05 Feb 2007 Posts: 7

Hi eno, as it was discussed earlier that till november end, test account was being run at extreme risk levels to test the endurance of the system. However from december start we gradually lowered the leverage utilsation and in january starting week, the leverage system was well decided over and implemented. Further as u may be aware that in all genuine opportunities there are good phases and bad as well, however at the end of a term all that matters is that good months were very good and bad months were not so bad, which averages out the thing on a longer time horizon.
So the crux is that if one is a serious investor and have a time horizon slightly longer, for them we are still striving towards targetted returns on an annual basis however the shallow investors would keep on moving capital from one to another loosing some possibly good months or opportunities.
Finally as i remain extra concerned about equity protection so the game is being played at a slow pace though still towards our targetted returns.
Hope that clarifies

Posted: Fri Feb 23, 2007 2:06 pm

moneyking wrote:

Hi eno, as it was discussed earlier that till november end, test account was being run at extreme risk levels to test the endurance of the system. However from december start we gradually lowered the leverage utilsation and in january starting week, the leverage system was well decided over and implemented. Further as u may be aware that in all genuine opportunities there are good phases and bad as well, however at the end of a term all that matters is that good months were very good and bad months were not so bad, which averages out the thing on a longer time horizon.
So the crux is that if one is a serious investor and have a time horizon slightly longer, for them we are still striving towards targetted returns on an annual basis however the shallow investors would keep on moving capital from one to another loosing some possibly good months or opportunities.
Finally as i remain extra concerned about equity protection so the game is being played at a slow pace though still towards our targetted returns.
Hope that clarifies

Thankyou!

Posted: Sat Mar 31, 2007 2:47 pm

MoneyKing,

I am still waiting for the documents for verification.

Meanwhile, my min-MA with FxMantra has been activated earlier this week, and so far trading has been good. Up approx. 4% as of close of trading Friday.

Levaz

Posted: Mon Jun 11, 2007 9:12 pm

Still have not received the requested documents.

I do know that they trade, not very well though Sad

They just wiped out my MA - LOST 97% in 40 days - I would really like to know what the trader was thinking (or was he thinking at all)???

There is no control, no hedging, - absolutely no safety in his trading style.

Yes, if he get lucky, you will make a bundle, but that is more seldom than a rarity.

I do not recommend the MA's - and if you still insist, contact me and give me your money instead - You WILL be giving it away afterall!!

Levaz

Newbie Joined: 01 Feb 2007 Posts: 14

They did have good money management in the beginning, that's why I opened multiple managed accounts with the trader. But then things changed, the trading went bad and the risk management went away. That's why I closed my accounts before the final wipe out. It was the right decision in hind sight. But I left some money in the pool, and it is gone now.

Posted: Wed Jun 13, 2007 11:22 am

They just threw caution to the wind,

Just a terrible mess.

Levaz