Lazyman's guide

Dear Investors,

In spite of our efforts we unfortunately have to inform you that Ibizatraders didn’t make it. By the end of November we had to report you a big draw down. If such a draw down has to be made up during a 2 to 3 months period it is obvious we had to take substantial risks in our books. As per the end of December we positioned ourselves for a big move up in all currencies against the US$, such according to general market expectations at that moment. Surprisingly to the markets and ourselves such moves did not materialize. In fact just everything one can trade against USD went down, from currencies to commodities, from precious metals to energy. Although we had our stops somewhere down the line this couldn’t prevent us taking big losses again. The situation got desperate and we were, unfortunately forced to finish our operations.

We understand that most of you are very disappointed and some even angry or frustrated. Well, so are we. I know it offers very little solace but we have been working for almost a year now on Ibizatraders (including the preparations). The undersigned also spend a lot of money and time on this project and never earned a penny neither. In fact he lost most of his savings as well in trading. Apart from the material aspect he also lost the most precious of all: his reputation, which can’t be expressed in money!

If there are still disbelievers as to the honesty of this fund: a copy of the trading account activity will be sent to Bluemax of Hyip Navigator so there won’t be any doubt left as far as that is concerned. We understand that many of you might have individual questions, remarks, reproaches etc. As it will be impossible to me to answer or react on everything posted we decided to take the site down; besides it won’t help or change anything. As I do not want to be straight away unavailable for comments or questions I kindly request you to call me up on my home phone, everybody’s question will be addressed. For the few that might want to contact or warn the authorities I can only say: please do so. Ibizatraders is a legitimate fund and hasn’t anything to hide. We would gladly cooperate with any authority that contacts us. Ibizatraders went down due to losses on trading and not of stealing. Once again we would like to stress that this closure is very difficult for us and we want you to be sure we feel terrible for what went wrong after all the confidence you gave us. We won’t be active anymore in the markets, online or offline, so we retire from it. If you see sites coming up in the future using the name Ibizatraders or something similar or the undersigned name please mind it won’t be us but a fake.

Sincerely.
Peter Ris

Okay, I do not want to keep rambling about this kind of program. If u want to play with forex, learn yourself, don't trust these idiots who claim to know how to earn money from forex.

After a year in hyips, all I can say is 99% of programs are bullshit... I am still staying in this game, probably have another program to introduce next week but I will keep my stakes to lesser programs.I can probably say that you should go for programs with higher interest returns, seems better with regards to those programs which promise 10% per month and fails to deliver. DD is useless, so don't bother reading any DD... hyips are short term... Putting money in other people's hand is definitely not the way to go if you want to think and grow rich this way, you are probably going to suffer. I speak this from experience... Currently, I have removed all programs I am monitoring and I am probably not going to list much programs in the future except PP01 may be opened again in march probably...

I don't know whether I will close this blog or maybe I change it to something else. If I lost in ibizatraders it would only be $250 so nothing much to complain about... would probably update my portfolio as well if time permits. Bye