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Customer Review for Ken Roberts:


124 of 129 people found the following review helpful:
Review:
December 1, 2007
Reviewer:
Brian Lucena from Redwood City, California.
Review Title::
Ken Roberts Won't Even Trade His Own System.
Rating:
1 Star (or Unacceptable).
Review:
In 1993 while living in Ashland, Oregon I purchased the Ken Roberts course and subsequently opened an account at Great Pacific Trading Company (GPTC)in Grants Pass, Oregon. GPTC was at the time, Ken Robert's recommended brokerage. After doing some study I quickly began to learn about Technical analysis and discovered that money management is THE KEY to profits.



I became so interested in the markets that I interviewed with GPTC and was hired as a broker. My first assignment was as assistant to Mr. Robert's personal broker, Carmen Lopez. I worked under Ms. Lopez for almost a year and became familiar with Ken and many people who worked at his firm.



On occasion I would take his orders and I knew his market positions daily. Let me tell you that he didn't even trade his own system. Ken Roberts is (or was at the time) a scale trader, meaning he waits for markets to trade towards the lower end of their historical range and buys, adding positions as the market drops, and selling them on the way up.



On one occasion Mr. Roberts was long 1500 contracts of Feeder Cattle with the market tanking daily, and within a few weeks or so he was on a million and a half dollar margin call.



When Carmen called him to request more margin money he went crazy and was screaming in the phone "I'm Ken Roberts, nobody gives me a margin call!"



Ken Roberts had enough money (from selling his worthless course to a lot of people) to scale trade many markets at once and over time did fine, but he never told his starry eyed sycophants how he was trading.



I've been wanting to tell that story for 13 years and I hope it helps someone avoid this charlatan.

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