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Full Velocity’s bot-generated 90 percent or more losses for affiliates during the Terra/Luna crypto meltdown last month.

Despite being marketed as being able to “thrive in tumultuous markets,” Full Velocity bot accounts were quickly liquidated when a real volatile market arose.

James Ward, the company’s creator, is returning with a new bot.

Full Velocity’s new bot, which was supposed to be released in mid-May, didn’t arrive until the end of the month.

Ward spoke on a webinar on June 3rd to promote Full Velocity’s new bot to existing affiliates and investors.

Ward refers to Full Velocity’s first bot as employing a “hedge tactic.” Ward quickly differentiates the new bot by calling it a “non-hedge stop-loss bot.”

When it comes to performance, it’s a strong performer.

Every part of reality is thrown out the window. When you consider the stock market, banks, or anything else, this is a fantastic offer.

On the fee front, Full Velocity has reduced its former 30% fee to 25%.

Ward claims Full Velocity’s new bot “averaged 2.9 percent each week” throughout its testing phase, without specifying how long that was.

During the Terra/Luna crash, the bot was said to have generated 0.41 percent on the first day.

I suppose this bot did 0.41 percent on the day we were liquidated.

“What’s keeping this bot from being liquidated?” is, of course, one of the most important questions.

Ward’s response to this is to use less balance and stop/loss.

At any one time, the bot’s balance usage indicates how much of the available trade balance it is utilizing.

This skyrocketed to liquidation with the original Full Velocity bot when market volatility got too great.

Keeping in mind that this is simply a test, Ward argues that this time;

We’ve put a lot of effort into ensuring that you’re safe even in the worst-case situation.

7.3 percent was the maximum usage rate achieved by this bot over the whole testing period.

Stop/loss orders have also been implemented, to limit investor losses in the case of another market crisis.

We want a nuclear button switch that says, “No, we stop,” if something happens that causes this market to spiral out of control. We shall not suffer any further setbacks.

The stop/loss in Full Velocity is implemented in two steps.

A pause is triggered if overall positions decrease by 12%, suspending all trading activity.

If it falls below 15%, all trading stops (presumably pending human interaction).

All of this, of course, requires the crypto market to cooperate. Losses might still be more than 15% if trades plummet more than 15% in one hit.

Ward, on the other hand, appears to be certain that affiliates will always be able to withdraw at least 90% of their trading amount, regardless of what occurs.

In the worst-case scenario that this bot has tested thus far, I would have been able to obtain 90% of my money back (out).

But, based on the historical value and movement of this bot and what it’s been able to achieve, I believe you’ll be able to get it back in the ninety-five, maybe even ninety-six to ninety-seven percent range.

This was brought up in Ward’s webinar’s Q&A portion, and it raised the issue of profitability with limits in place.

When the average utilization rate is only 2.9 percent, how is it feasible to produce big profits?

Ward responded as follows:

That’s a wonderful topic, and I don’t have a complete explanation – other than to say that the number of trades taking place inside this bot vs the other bot will most likely be a hundred times higher.

The speed at which this bot trades will be much different.

More deals would seem to make it more difficult to manage everything, but that’s impossible to verify without Ward providing more details about Full Velocity’s new bot.

This leads me to Ward’s final pitch.

If you knew… you could access your earnings at any time, you could take your commissions at any time, you could take your principle at any time, and you knew that in the worst-case situation, you may receive 90% back, that should give you peace of mind.

That, in my opinion, is one of the most appealing aspects of what we do.

Personally, knowing that Full Velocity has met regulatory standards and is working within the law would offer me a piece of mind.

With Full Velocity’s first edition, securities fraud was a huge issue, and you’ve seen how that played out.

James Ward and Full Velocity are based in the United States, specifically Alabama.

The passive “2.9 percent a week” investment option offered by Full Velocity is a securities offering. This necessitates SEC registration, which includes complete disclosure of the bot.

Neither Full Velocity nor James Ward is registered with the Securities and Exchange Commission. There is also no verified information on the new bot.

Who designed it? Providing customers with a trade history that has been verified. How long has the bot been in use, and under what circumstances has it been used?

It’s not good enough to say “2.9 percent a week on average” on YouTube. It’s also not legal.

That’s what would offer me peace of mind as a possible investment.

Even if we ignore the legalities (which you should), crowing about how “phenomenal” your new bot is less than a month after your first mystery bot had a meltdown isn’t credible.

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