Full Velocity’s buying and selling bot supposedly “thrives in tumultuous markets.”
Till a tumultuous market, it labored.
James Ward’s buying and selling bot has failed.
Ward first appeared on Might ninth. Two days into the Terra Collapse.
“This market is exclusive.
We have seen good and evil since February 2021. Our bot has carried out in up-and-down and sideways markets. We’re in a 45-day market downturn.
We play the market’s ups and downs with a hedge method. Now, there are not any positives.”
Full Velocity’s bot’s 62.5% utilization was regarding.
After outlining “the market” points, Ward opened up for Q & A however did not give assist.
Should you ask me what it’s best to do, I am unable to advise you.
The intention was to hope the quantity rose after which proceed.
Ward’s bot continued to fail all through the following 24 hours.
On Might 10, he launched a “unhappy in your loss” video (Ward’s webinar movies have been uploaded on YouTube 24 hours later).
“Yesterday, our accounts have been nearing 80% utilization. After the Luna crash, the bot could not promote positions quick sufficient to succeed in the required utilization fee. Thus, a liquidation occurred. We bumped into an issue (the bot) could not deal with after a yr of nice work. We have had it worse. We had it worse.”
Ward says he is closed off Full Velocity’s Telegram teams due to the collapse. Ward’s YouTube movies don’t have any feedback. In contrast to in his Might 10 video, Ward solutions questions from Full Velocity associates. One inquired, ” How did we lose 90% if there wasn’t 90%?” “Buying and selling?”
Ward mentioned, “Utilization fee is how a lot of your cash is working out there.” Yesterday, your accessible steadiness was very low. It reached 1%. When buying and selling futures, a portion of your cash covers the margin. If you do not have sufficient, a margin name or liquidation happens. They’re the identical in crypto. You noticed it, proper?
Regardless of creating widespread losses with bogus “risky market” assertions, Ward thinks a brand new Full Velocity bot will assist.
We introduced three weeks in the past that we might be releasing a brand new bot in Might.
“This continues. Our bot launches Might 16. Advancing wonderful system. Superb expertise works. Might’s nearly over. Because the Might 11 video, Ward hasn’t up to date publicly.”
Full Velocity’s web site exhibits no new bots.
Full Velocity permits anybody to enroll and make the most of the bot at no cost, in contrast to Ward’s crypto Ponzi schemes. Ward received individuals to spend with out danger and used Full Velocity’s bot with out danger.
Ward took 30% of the bot’s ROI. Ward retains all charges if the bot loses.
Humanly, it is brutal. It is terrible to witness as a result of it is going to hurt households. That is horrible. A few of you prompt shut associates, which is irritating since you perceived this as a safe place. nonetheless do Our imaginative and prescient hasn’t modified. I do know that is insane. The corporate’s path hasn’t modified.
Solely James Ward made cash in Full Velocity exterior of the MLM alternative (on which Ward sits).