Avoid at all cost
This guy (peter knight) is a joke. His website shows amazing returns and he can talk like the best. But as soon as you deposit, your account equity will go down faster than the speed of light by trading super high volumes through a broker that charges rediculously high comisssions. Avoid at all cost.
Reply from Peterknightadvisor
In Response to Hugo Eekhout’s and Tomas Ullrich’s Comments
Hugo Eekhout’s and Tomas Ullrich’s both opened small accounts trading the same program, extreme fundamentals fueled high volatility and trade frequency, the program failed, hit it’s disclosed risk tolerance level and was closed. There experience was unfortunate but risk and drawdowns are a part of trading, Tomas Ullrich represented himself as a “investment professional”, Hugo Eekhout as “an experienced trader” both assured me they were suitable to trade an aggressive leveraged futures program. Both reviewed my disclosure and disclosure video both acknowledged the clearing costs and disclosed risk levels for their account.
Every program we trade uses fully disclosed trading methodology we provide all historical data, every order and trade for life of program enabling clients to verify past performance including all costs and monitor trades forward prior to investing, I reviewed trading strategy for the program they were trading with both Tomas Ullrich and Hugo Eekhout, both monitored trades as they occurred for several months prior to opening their accounts. When they opened they both re-acknowledged risk and confirmed trading cost, both we’re charged a total of $10.00 to a maximum of $20 per contact, per trade, the contacts they we’re controlling had value from $25.000 to more than $250,000, the $10.00 to $20.00 per contracts covered all bid ask spreads, brokerage and regulatory fees, we paid all platform cost and add on fees. Their carry cost on leveraged long positions was less than 4.00% annually, on short positions they we’re paid 4.00% (this applies to all futures positions) see the Merc’s website cme.com, carry cost is built into the forward price the cme also provides educational resources for additional information.
Total value of the contacts they traded exceeded $30,000,000 USD, individual contacts had daily ranges from $1,000 to more than $5,000, they both were trading multiple contacts, total losses for the program they traded with heavily leveraged positions for several months through unprecedented volatility was limited to the represented risk tolerance level for their accounts of $15,000.
Gentlemen I have several hundred traders, seems that the two of you are special, in the future if you are going to trade with anyone be honest about your ability to take risk, if a disclosed risk tolerance is hit, deal with it, not whine anonymously about it online. if you have a problem with this call me 340-244-4310.
Date of experience: May 24, 2023