Update On Everything

PFGBest Update

Haven't heard much on the PFGBest front, other than what I read online.  Seems this debacle has been going on for 20 years.  I wonder if they'll do clawbacks from profitable accounts from that time period?  That will really stir the pot.

I am assuming all my positions are closed, although the last statement I got (after the fraud) shows open positions and incorrect positions.  Oh, and it also says my equity is -$20,631.74.  Maybe they plan on billing me that amount, to pay off others.  Who knows.  Good luck if they do.

Personally, I'm just kind of numb to this whole thing.  I'm not mad - although I looked that way on Fox Business News.  I feel really bad for people who lost much more than me, and the honest people who lost their jobs.  A bit depressed, for sure, but I've still got 3 other accounts (1 forex, 2 futures) that I have to trade.

With the PFG building and technology sitting idle, I'm sure some vulture will try to buy it, and try to resurrect the brokerage.  I pity that fool.  No futures trader will come within 100 yards of anything that even smells like PFGBest, for at least 25 years.

When all the dust clears, after assets are sold, and the gold fillings in Russ Sr.'s teeth are forcibly removed and sold, I still guess I'll see 30-40% of my money.  For the sake of people who lost much more than me, I hope I am 100% wrong.  I really do.


Contest Update

Obviously I am sad the contest is over.  But, I wonder if Robbins Trading (the people who really sponsor the World Cup contest) will be able to survive this hit to their reputation.  I hope so, because they are pretty good people.


Contest System Update

I am still trading the contest trading strategy, at another broker.  I have been trading it there since the start of the year.  The only differences were 1) position size and 2) I do not add on to winning positions in this remaining account.

The contest strategy is still struggling, and I think a lot of it is due to the drought this year.  Lots of prices behaving abnormally.

At some point in the next month or two, I will update its performance.  I still have confidence in the strategy, even with its poor performance.


Blog Update

I will continue to post here, but frankly it is not as exciting for everyone, myself included, without the contest account to track.

If you really have a craving for my writing, or my expertise, head over to my website http://www.kjtradingsystems.com for free articles, videos, webinars, etc.

I plan on doing some free webinars in late July and August.  One will be 100% attendee Q&A, which I've never seen anyone do before.  If this interests you, signup for my e-mail list http://www.kjtradingsystems.com/signup.html and you'll get an invitation before anyone else.


Trading Process Update

I have 4 steps to go in the Trading Process series I started on this blog.  Look for the next 4 steps over the next month or so.  Somewhere on the right side on the blog there is a signup box for e-mail, and then you won;t have to keep checking for new posts - you'll be notified automatically.



That is all for now!

Kevin