I warn the newbies to not dive into DLS. i was eager to make the easy money, got involved back in 2007 and lost a BUNCH. I cut corners, as i did not have the $100,000 account dr joe says you need. nevertheless, i believe that everybody who traded this by the rules (and is still around) is still under water...
don't you also think it's a very big clue that dr joe has just recently said that he thinks there are better ways to make money (such as selling puts)? Didn't his long absence mean anything?
I know when there is uncertainty, we tend to look for leaders to show us the way. But to direct newbies to check out this system without a heavy warning, seems iresponsible, so pardon me for the friendly warning. i paid my dues.
I am very grateful to Dr Joe for sharing his system development, and for this forum. And maybe the market conditions will favor a person starting the strategy now, but be warned, there is significant risk of loss of significant capital. I am recalling that there is no "stoploss" principle to this system. Please correct me if I am wrong. maybe a newbie will tweak the system and make it better. i sure don't want to prevent that from happening!
just be careful, newbies. be careful. ~greg
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