I was reflecting a lot about my previous covesting tweet and the reactions received. I would like to genuinely apologize to my followers, for the words displayed did not reflect the true meaning of what i believe. This thread attempts to clarify:

/2 it appeared like I do encourage novice traders to trade with other people's money in order to learn. this is not at all the case, I definitely strongly discourage creating a fund if you don't know exactly what you are doing on a professional level.

/3 by no means is it advised to trade with stranger's money if you haven't completely mastered it for yourself. and even when you are a professional you have to be able to operate with great responsibility, always knowing that the risk you take affects others big time as well.

/4 after all this is what a professional does, managing and reducing risk. what i actually attempted to emphasize is that when you have reached a certain professional level in your own trading - taking the next step up - increasing responsibility, may serve as a catalyst to learn

/5 even more about risk management and how to protect profits/funds for yourself and other investors, and in the process refining the professionalism in your trading.

/6 If you have not been trading seriously and very dedicated for years, dont even think about creating a fund. this would be the definition of irresponsibility. the likelihood that you get wiped, and with that the funds of your investors, will leave a serious mark on skins.

/7 from my own experience I affirm that the greater responsibility has forced me to be even more considerate about the risk i take and how to protect the funds of my followers, for their pain is my pain and and vice versa.

/8 although i am on the board, I did not promote my own fund, for this was not the reason for the tweet. I stand with saying that covesting is a big upcoming trend & that the idea as such is proper. It requires however both the professionalism of the fund manager AND investors

/9 I firmly stand with my strong opinion that PrimeXBT is the most excellent exchange I have ever used in my career. my sincere apologies if my poor articulation has trampled on anyone's toe. I do hope this thread has clarified what I truly meant. thanks for your honest feedback.