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Infinity Shares reports a loss of -2.32% for July
Hello,
We started off the month with a very good trade that was documented on the blog. It was a very nice call that netted us a couple of hundred pips. After that, things went rather south all of a sudden while we were using bigger lots to trade. It set us back by quite a bit, plus added to the fact that Xtian was out with a rather nasty lung infection. We were about 5-6% down before the end of the month. We did manage to recover most of the losses by the end of the month, but it just wasnt enough to get us back into the green.
Final Result for the Month of July:-2.32%
All pending transactions will be processed within 7 days, we have made a bank wire to load our e-gold account to do so.
Regards,
ISFIC
Popularity: 5% [?]
Hey,
They had several good weeks. Week 1-2-4 and 5 were all very good netting around 5% profit. But in week 3 everything that could go wrong went wrong. Week 3 was a disaster, they had extreme losses that week. Call it a mis-trading week.
Reason for this? Several reasons, but the major reason is most likely the fact that Chris and Steven are news traders and not tech traders. Due to issues with different brokers, sadly they can no longer trade the news.
Is this the end for IS or can Chris and Steven still adapt and become excellent tech-traders? I have a feeling august will give us a more accurate answer to that question. Patience is growing thin, I think 5 months is more than enought to adapt trading style.
If they cannot lift their performance level again, they will call it quit and they will give full refunds.
Whether IS fails or not, keep in mind they are trying to perform and be honest in a world full of scams. And that already counts for something.
It frustrates me, when 99.99% of program are scam , that one of the few programs that isnt a scam(in this case infinityshares) which did well for over a year, went south with their performance. It would be ashame if they are forced to close down but like Clifton says honesty doesnt pay your bills and with IS recent performance I can earn more with my bank with less risk. Sad but true.
I hope for the best, but its possible a real opportunity will have to close it doors. One less in an already dramaticly decreased portfolio. A BIG NO.
Hello,
I’m not the bashing type, so don’t get me the wrong way (and as an investment fund administrator myself I have received my unfair share of bashing, so I really have no intend to bash IS) but why don’t they refund everyone, learn how to properly use technical analysis and then resume their public activity. Their reputation will not be harmed in any way, everyone will understand and in the end they will come on top rather then being perceived as mediocre traders.
Makila, in my opinion, as a technical trader, I do not believe 5 or 6 months is enough to completely change your trading strategy and perfectly adapt to it. It took me years to learn and get used with what I consider to be a very simple and extremely profitable system. I don’t see how in 5-6 months they can adapt to something they haven’t done before.
Again, this is just my humble opinion.
Regards,
Dan