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Bernie Madoff Didn’t Really Die

dan-murphy
Dan April 14, 2021
0 Comments
Corona Del Mar, CA

Howdy Friend!

Bernie Madoff is dead. But his tarnished legacy lives on.

And no, I'm not talking about his infamous Ponzi Scheme -- that's what the "news" will concentrate on today. 

The job of the news is to protect the interests of their oligarch owners. That should be very clear by now. (Why else would Bezos buy a failing newspaper?).

That's why they won't say a peep about the fact that good 'ol Bernie invented Payment for Order Flow. For a reporter, that's like grabbing the third rail with both hands.

Back in the 90's, Madoff started legally bribing brokers to send customer orders their way.

They ended up siphoning off about 10% of NYSE orders from floor traders. Most stocks' bid/ask spreads were at 25 cents back then, so he'd make 1/8th or 12.5 cents on most orders.

In 1994, a paper came out exposing the manipulated bid/ask spreads, which resulted in a $1 billion settlement and a tightening of bid/ask spreads (good for you and I).

These days, the whole operation is on auto-pilot. Firms like Citadel shave off pennies on each order using high frequency trading.

Sadly, newb traders don't realize firms like Robinhood make most of their profits by selling your orders directly to Citadel. It's better just to pay legit commissions.

More like robbing the hood: Steal from the poor and give to the rich.

I wrote a report all about it. You'd be surprised who's on the "naughty" list.

Download it here >>

Trade smart,

Dan "Prince of Proof" Murphy

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The Relaxed Investor (Downloaded by over 200,000 readers)

The Ghost of Bernie Madoff is Not Yet Dead

The Ultimate Crash Detector

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Disclaimer: The results listed herein are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under (or over) compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed.

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Portfolio Boss
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EARNINGS DISCLAIMER: I like to provide full transparency and not blow smoke up your behind, so listen up.100% Club members in general are seeing between 91%-100% winning months in back tests just using the Instant Start templates I created for them. These results are out-of-sample (unseen in the optimization phase), so I put a lot of weight into that fact.

I don’t yet have a statistic for the average member as far as gains are concerned. There are a lot of variables because this is not a cookie-cutter program. I do have dozens of brokerage statements on file, and the majority are looking positive.

There were a couple outliers that weren’t good because they went off track. I believe I convinced them of where they went wrong and they are back on track (too much leverage, and some over-fitting to the past). That’s my job :)

There are other factors in play as well such as: Are you actually making the trades? Account size. Is your broker any good or are they fleecing you? Are you using all the leverage available to you, or are you dialing it back like I recommend?

Simply put, I believe the reason we’re seeing the highest preliminary success rate of any program EVER is because:

a) you’re selecting from 100+ supercomputer-built strategies, and the odds of them all failing at once are extremely low.

b) the strategies take advantage of highly unusual edges that very few if any know about.

c) Our Meta ML technology is completely unique in the trading world. Very few understand that all strategies have cycles, and that there are opportune times to trade them. This allows you to treat trading more like a business rather than a hobby.

d) The daily instructions are brain-dead simple to follow, and can be accomplished in just a few minutes.

Government required disclaimer: The results listed herein are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under (or over) compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed.

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