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Menelaus
09 Mar 12 07:57
Joined:
Date Joined: 03 Feb 05
| Topic/replies: 6,745 | Blogger: Menelaus's blog
This is what benny the clown posted:


Mrben     08 Mar 12 10:13 
………………..
I bought gold yesterday and will exit early 1700's. 1684 this morning.

Aud  will go back over 106

easy easy $$$$$$$$$$$$$$$$$$$$$$$$ to be had today. "

I exited those trades within the last half hour for a 6 figure result.

Gold hit 1702  and the AUD 106.52.

.In a day.LoveLoveLoveLoveLoveLoveLoveLoveLove

Read em and weep losers.LaughLaughLaughLaughLaughLaugh

Knock me all you like if it makes you feel better about your loser selves.

While you are busy knocking me- oh who fkkn cares, I just made 10 years average income.

FK you allSilly





These are some of the responses he got:

sosa jr     08 Mar 12 10:26 
i dont care if your socialist,right wing , left wing, fullback, captain caoch or running the water Mr Ben. But after that post and the arrogance it exudes you can add me to the list of people that arent that fond of you, And it aint the 6 figure sum. As ol Dato Tan says... $1 million dollars is horse feed these days. Good luck to ya




megsy     08 Mar 12 12:47 
you posted this thread at around 9.30pm and bragged you had it on a thread at 8.30am the AUD will go above 106 today LaughLaugh

at 6am this morning after overseas trading USA the dollar was already trading over at 1.0615 and finished the day on par...you idiot !! LaughLaugh




whoopi     08 Mar 12 20:37 
I made one gazillion on the momngolian camel races this morning. Then i built a skscraper out of toilet paper and sold it for 2 bazillion....working on world peace now, should achieve it by the time gold hits the early 1700's this afternoon.
Oh, and i married miss universe yesterday




sootyfive     08 Mar 12 21:25 
no one could take Mrben seriously after reading his non expertise on that thread "The coming Aussie Ression will send you broke".




sootyfive     09 Mar 12 02:17 
While you are busy knocking me- oh who fkkn cares, I just made 10 years average income.

FK you all


average wage say $60,000 x 10 years = $600,000

profit say 0.05 on the AUD to make 10 years income = $1.2 billion invested.

or say gold profit,  $18 a ounze profit = $54,464,000 invested = $576,000 total profit.


you want to retract your statement mrben?



logroller     09 Mar 12 04:15 
just let poor old ben out of the straight jacket long enough to write a few pearls of wisdom for us all to share,,, thank u ben




silverunderwear     09 Mar 12 06:47 
Sooty5 you've quoted figures for the physical, that won't shoot down our high flying dreamer.




You can find the whole tragic-comedy here:

http://community.betfair.com/australian/go/thread/view/93998/28978143/why-the-socialist-losers-here-hate-me--and-why-i-dont-care
Pause Switch to Standard View Eventually everyone except Wipeout...
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Report Menelaus March 9, 2012 12:13 PM GMT
And a few more:


whoopi 09 Mar 12 08:34 
so pastie you are confident that Mrben did indeed invest 1 billion dollars to make his$600,000? interesting....wanna join my cult?



sootyfive 09 Mar 12 08:35 
i think you should read this thread Pastie before you sidetrack the topic, even if he did invest at those prices, aussies dont like bullshit artist who decide its open slander and abuse, its obvious he is a sandwich short of a picnic.


Joel 09 Mar 12 08:54 
He's obviously not a retail client. Mischief I think his real name might be Donald Crazy
Report Menelaus March 9, 2012 12:15 PM GMT
And finally someone nails it:



megsy 09 Mar 12 08:01 
he made a prediction after the days trading.
look at the times he posted on the financial thread to this chart. you want to support an idiot, by all means

Report Whippet March 9, 2012 5:37 PM GMT
It's bad enough that melly is a obnoxious, hate ridden, envious individual, but it also looks like he is a complete liar as well.

Sterling job on

A) posting a false quote. the real time Ben posted his trade up was 07 Mar 12 21:55, not after the event which you are trying to claim. see here: http://community.betfair.com/tradefair__financials/go/thread/view/94198/28977393/get-on

B) posting up a completely meaningless graph


even if you don't believe that ben entered the trade earlier in the day, he still made over 800 pips on the AUD trade, and $16 on the gold one, from the point he posted the trade on the forum; this is an undeniable fact.

Finally, I'm not entirely sure what the "betting 1 billion dollars" bit is about, 6 figures is only $100,000 (£63k), hardly outside the realms of fantasy is it?

I look forward to your response where you completely ignore the date stamp on bens post, and just go off on one anyway. But hey, anything to distract from your own, unbelievable, irrefutable after timing, eh?
Report Muqbil March 9, 2012 6:30 PM GMT
Whippet, to believe this trading tale you have to accept Mr Ben Entered the trade at the absolute lowest gold ever traded and exited at the highest it ever traded. He said mid hundreds of thousands, that is way more than 100,000.

I hope the trades were real, but it does stretch anyone's faith to believe that $500,000 was made on these two trades.

Other posters have been asked to post trade account details to put the matters to bed, maybe Mr Ben might oblige to silence those of the inquisitive nature?
Report Maximum March 9, 2012 7:10 PM GMT
Of course he is a dreamer as many bettors are - me included.
Report Whippet March 9, 2012 7:19 PM GMT
that's not really true, is it?

IG markets (which is most definitely for retail traders) will give quotes for 10,000 contracts on the AUD. Ben would have needed to buy approx 7000 contracts to achieve a return of $500k, less obviously if he got in earlier than the time he posted on this forum. This would have required $3.4m to fund at 5% margin.

again, for the gold, ig markets will quote well above 740 contracts. approx 300 would have been required to make $500k (again, less if you got in earlier). That would have required $1.1m to fund at 2.4% margin.

So it certainly isn't anything like "buying at the absolute lowest ever traded gold price", is it? Furthermore, if someone actually was a "professional trader", it definitely isn't remotely outside the realms of possibility. Let's face it, if ig markets will actually quote those sort of contract sizes, then someone must be buying them that large, right? And considering they are a retail only platform mainly for mug punters, then there must be people staking considerably more through more professional brokers, am I right?

So if benny actually was a professional trader, then what exactly is that daft about this story? Whether or not you actually believe that he is a professional trader is another matter; but I don't think anyone can make the accusation that the figures don't remotely add up, because they aren't particularly far fetched.

I think the main accusation from melly anyway was that it was aftertimed, which is clearly false.
Report Menelaus March 9, 2012 9:07 PM GMT
Wow, wow, wow, Wipeout, I'll have to hand it to you mate. No one will ever accuse you of being unfaithful to your lover.

Laugh
Report Menelaus March 9, 2012 9:29 PM GMT
The only thing "daft" here is your intellect.

Your numbers are all fecked up but who gives a toss. It matters not.

Could benny the clown be a professional trader? Could Madonna be still a virgin? Could Anders Breivik be sane?

Why not, if you are as stupid as you are, anything is possible.



P.S. it's stunning how you continue to p*********e yourself on here. Quite disgusting but stunning nonetheless.
Report Maximum March 9, 2012 9:32 PM GMT
Being infidel is a sin ...Happy
Report Whippet March 9, 2012 9:55 PM GMT
is that seriously the best you can come up with melly? you have seriously lost the plot on here now. a dribbling retard could come up with better responses than the tripe you a spouting on here these days.

answer these questions please.

A) Were benny's trades after timed like you claimed they were?

B) If you claim my figures are "all fecked up", please provide the correct totals needed to make $500k, assuming he bought the AUD at 1.057 and closed at 1.065, and bought gold at 1684 and closed at 1700, thanks.

Or, you could keep on with the insults in an effort to distract from:

A) the fact that you were caught after timing spectacularly only a few days ago
B) the fact that your bullsh1t dwarfs anything that you think benny comes out with (how is that "7 figure directorship" you claim to be on btw?)
C) the fact that you are an intellectual retard, only capable of spouting nonsense you have read in textbooks, and incapable of participating in any intelligent debate?


PS They can't have taught you much down at the LSE because what sort of tool posts a graph that doesn't have a date on it and then claims it makes him right? This really is basic stuff.
Report LiverpoolUnited March 9, 2012 10:39 PM GMT
whippet, is this the manelaus MUG that was outed on here earlier this week as a liar and walter mitty type ignoramus?  And not for the first time according to my records @Manelaus exposed  what a MUGGET
Report Menelaus March 9, 2012 10:48 PM GMT
Let me get this straight lover boy, you are questioning my seven figure salary but "what's so daft about benny the clown making a $5,000,000 bet" ( your numbers, not mine, mine are a lot higher)!!!!!!

I'd call you a hypocrite if you weren't such a w*****e.
Report Whippet March 10, 2012 12:55 AM GMT
can you even read you feckin ****?

$500k is $500 thousand, not $5 million you moron.

how about answering my question: What is the true amount of contracts you would have needed to buy (and what deposit you would have to put down), to have won $500k on those two trades. Clearly there is a fundamental flaw in your understanding of either basic maths, or what a contract actually is, if you think that it would require a bet of $1 billion to make that amount. Laugh

Now how about you answer the question instead of trying to deflect the issue away from your own ignorance.

I see you have quietly dropped your accusations of aftertiming, and ignored completely the fact you have repeatedly lied on this thread (particularly your graph). Great job.
Report Maximum March 10, 2012 1:01 AM GMT
Who would take this gunge serious?
Report johnnie walker March 10, 2012 12:54 PM GMT
mr ben you could avoid these threads.
no one will take you seriously - whether you re telling the truth or not - if this is your ungracious style. some of the bitter replies you get are an obvious consequence. personally i dont care, but if you want people to read your stuff and comment in a constructive way, thats not the way forward. unless your idea of the forum is a bragging kindergarden only.

you do the right thing to trade short term ( day trading ) as your record, at least on the forum, for longer term views is somehow poor ( werent you predicting a massive collapse of everything just a few weeks ago? ). as an advice, stick to your strenghts, and day trade. the other advice i would give you, you seem to have too far stops compared to your somehow closer tps. if you really trade in such a size, discipline is paramount. a flash crash like we witnessed in may10, or a tsunami in japan like we saw in march11, can happen anytime and it s unpredictable. and without proper stops in place, a leveraged bet could wipe years of profits away. if there s something these yrs of crisis have changed forever it s the liquidity of the markets. it seems to exist, until the moment it disappears all at the same time, making the door for the exit very very small.

ps
for the sake of clarity, someone should teach in australia that 600k over half a cent makes it 120million, not 1.2 billion anyway. considering ben claims he made a 6 figures sum and 10 times the average salary, i would read his claim as having made 300k ish usd ( fx trading is tax free ). he also says he made it thru a combination of audusd, xauusd and trading eurusd explosion on the upside. assume he made 100k per bet, he would have required a 20 million stake, for which a professional broker would ask for maximum a 1 million deposit.
we re still talking about a massive number and somehow far fetched ( only few months ago ben was making bets 'large enough' to finance a 3d tv or a 2weeks break in bali, so we re here talking about upping his stakes 10 times ), but totally believable and achievable.

for the sake of clarity too, audusd on the 7th march spent all day below 1.0600 and at the time of mr ben thread, around newyork close, was puked below 1.0550. there s a chance he could have made a full figure on his investment.

jw.
Report Menelaus March 11, 2012 11:53 AM GMT
What a bunch of rubbish!!!!!

Anyone who posts on here that benny the clown could possibly be betting a stake In the range of $500k to $20 million, depending whose numbers you choose to believe is a bigger fool than benny himself.

It's fiction, it's all make believe and it mostly all has been wrong short term or long term (some of us pay attention - or are the short term calls "sell gold", "sell all metals", "sell the aud" when all had massive moves to the upside almost to the hour when he posted that drivel all coveniently forgiven and forgotten? ).

You know how I know?

I know because ANYONE who trades  the markets in this volume knows that money is created as debt, knows  what inflation is and how it's calculated, knows that hyperinflation is not just high inflation, knows that the price of WTI flashing on the CNBC ticker-tape is not the price of OIL, and on, and on, and on.........

This is how I know and I call a clown a clown when I see one.

Cheers.
Report Whippet March 11, 2012 12:18 PM GMT
This is how I know and I call a clown a clown when I see one.


Seems you have called this one pretty poorly like usual. Set up a straw man, and when it inevitably gets knocked down, you move onto another line of attack. Fail.

Here's how the current one went:

1) Accuse ben of after timing. Your proof is to doctor a quote from ben, and post up a graph with no date stamp on it. Way to go genius. Laugh

2) Accuse ben of having to bet $1.2 billion to make these returns
Report Whippet March 11, 2012 12:23 PM GMT
why the **** has it deleted half my post?

continued....

2) Accuse ben of having to bet $1.2 billion to make these returns
Report Whippet March 11, 2012 12:26 PM GMT
forum is fecked by the looks of it.


2) Accuse ben of having to bet $1.2 billion to make these returns
Report Menelaus March 11, 2012 12:54 PM GMT
There fixed it, I knew his b***** wouldn't get it Laugh

This is how I know and I call a clown a clown when I see one.....I don't get down on my knees like Wipeout to s*** his d***.

What a w***** !!!!
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