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Pip Mavens DR (By pipmavens)
| Gain : | +277.73% |
| Drawdown | 30.35% |
| Pips: | 1311.9 |
| Trades | 574 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:500 |
| Trading: | Unknown |
Pip Mavens DR Discussion
May 27, 2016 at 12:10
597 Views
2 Replies
Mar 03, 2017 at 08:16
My friend used to subscribe to this provider, but in the last few months,it appears that the lure of more and more money has had an effect on Chris Lee who manages the Pip Mavens account.Initially it was a $30 fee per month that then doubled.
And now he is introducing a system that pockets 25% of the profits instead of a fixed monthly figure.
It is said that the sight of more money makes most of us greedy,and it appears that this is what is happening here.
I did some research on alternatives and it looks like there are some other similar and alternative signal providers that give more or less the same result so I would switch if you are being urged to switch to the profit sharing alternative.
While a percentage of about 10-15 percent is more reasonable, the real reason why this will be a recurring issue is that once he has tasted blood in the form of increased dosh, then it is only to be expected that more demands for even more raised percentages will ensue and its far better to exit to a alternative provider that is more stable and thinks about a longer term strategy than a trader looking at a quick buck strategy.
And now he is introducing a system that pockets 25% of the profits instead of a fixed monthly figure.
It is said that the sight of more money makes most of us greedy,and it appears that this is what is happening here.
I did some research on alternatives and it looks like there are some other similar and alternative signal providers that give more or less the same result so I would switch if you are being urged to switch to the profit sharing alternative.
While a percentage of about 10-15 percent is more reasonable, the real reason why this will be a recurring issue is that once he has tasted blood in the form of increased dosh, then it is only to be expected that more demands for even more raised percentages will ensue and its far better to exit to a alternative provider that is more stable and thinks about a longer term strategy than a trader looking at a quick buck strategy.
Mar 03, 2017 at 10:37
This is Chris, the trader who runs this account.
I won't even go into the ridiculous hypocrisy of TomZee, who talks about "greed" when he is guilty of that very charge. By wanting to pay less fees, isn't he "greedy" for more for himself? The lack of self-awareness here is so glaring I just had to say something about it.
Now let me get this straight: He wants me to make thousands of dollars for him, and get paid just $30 for the privilege? Give me a break.
I set a high-watermark performance fee because that is the only way to ensure my incentives are 100% aligned with my trade followers. This is a pure performance fee -- there is no fixed payment at all. In other words, whatever fees I charge comes purely out of the profits I make for my trade followers. Nothing comes out of their own pockets.
Here's a little education for him: If I truly just wanted to make a quick buck, I would charge a FIXED $200 fee per month, and then take just a few trades. In this case, since my trading performance is not linked to the fee, I can just sit back and collect the $200 without doing much. THAT'S how you scam people. Clearly, this guy clearly has no idea what he's talking about.
If he thinks he can find another trader who can make the same return WITH THE SAME LEVEL OF DRAWDOWN, please, be my guest. In fact, please tell me who he is and I will join his signal as well.
Ok, I've spent enough time on addressing this. Time to get back to making money for my trade followers.
Peace out.
I won't even go into the ridiculous hypocrisy of TomZee, who talks about "greed" when he is guilty of that very charge. By wanting to pay less fees, isn't he "greedy" for more for himself? The lack of self-awareness here is so glaring I just had to say something about it.
Now let me get this straight: He wants me to make thousands of dollars for him, and get paid just $30 for the privilege? Give me a break.
I set a high-watermark performance fee because that is the only way to ensure my incentives are 100% aligned with my trade followers. This is a pure performance fee -- there is no fixed payment at all. In other words, whatever fees I charge comes purely out of the profits I make for my trade followers. Nothing comes out of their own pockets.
Here's a little education for him: If I truly just wanted to make a quick buck, I would charge a FIXED $200 fee per month, and then take just a few trades. In this case, since my trading performance is not linked to the fee, I can just sit back and collect the $200 without doing much. THAT'S how you scam people. Clearly, this guy clearly has no idea what he's talking about.
If he thinks he can find another trader who can make the same return WITH THE SAME LEVEL OF DRAWDOWN, please, be my guest. In fact, please tell me who he is and I will join his signal as well.
Ok, I've spent enough time on addressing this. Time to get back to making money for my trade followers.
Peace out.
Member Since Jan 25, 2010
1288 posts
Dec 16, 2018 at 10:00
Thank you Chris. Do what is right for your business.
There will always be haters, and they have personal reasons for their hate. Don't take their hate personally.
Keep sharing your success with others!
There will always be haters, and they have personal reasons for their hate. Don't take their hate personally.
Keep sharing your success with others!
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