I know better. It's funny how one's judgement is impaired when one is desperate and a bit greedy.
The bottom line is David created his highly effective method when the S&P was highly volitile and it hit all his "tag" points consistently. In short, the S&P was predictible and highly tradeable. By his own admission volitility has dried up considerably. Whereas the S&P once has 20 to 30 point swing days, it now has 5 to 10 on its best days. Alas, the S&P emini is now a scalpers market.
Funny thing is, the emini Russell 2000 and Nasdaq 100 DOES hit his signals regularly. He promised to call signals for said markets but never did. He is married to the S&P and refuses to go where the action is simply because he wants to trade huge contract lots. He fels the S&P is the only market that will support a single 1000 contract order reversing on 2000 contracts to take a countertrend trade.
He does live with a woman (!) and seems pu**y whipped to the nth degree. Asking him to trade the Russell was like asking him to cheat on his girlfriend. As a 20+ year veteran of the markets, he still makes rookie mistakes. Most notably the emotional abuse of himself. When he missed an "obvious" signal which was a winner, he harped on it for 30 minutes straight calling himself an idiot. I wasn't paying him $400 per day to be HIS therapist.
In short, I feel his lessons are easily worth $2500; not the $10,000 he thinks its worth. Based on his blog, I thought he could call market turns with pinpoint accuracy. Market Monk had the grail. Easily worth $10,000 (total price)
I learned he AVERAGED a 3 to 4 tick stop loss. He did not place a 3 to 4 tick stop EACH TIME. Big difference. The latter implies a grail trading strategy.
To answer another's question, Monk did take down his blog but he included an email address which I retained. I said to him I remembered his blog and would he consider teaching me his method. He told me he is interested in looking for partners read: friends to trade with. He has the temperment of a six-year-old so he will be friendless his entire life, despite having a networth of about $40 million.
"What gaineth a man to inherit the Earth but lose his own soul" paraphrased proverb
The bottom line is David created his highly effective method when the S&P was highly volitile and it hit all his "tag" points consistently. In short, the S&P was predictible and highly tradeable. By his own admission volitility has dried up considerably. Whereas the S&P once has 20 to 30 point swing days, it now has 5 to 10 on its best days. Alas, the S&P emini is now a scalpers market.
Funny thing is, the emini Russell 2000 and Nasdaq 100 DOES hit his signals regularly. He promised to call signals for said markets but never did. He is married to the S&P and refuses to go where the action is simply because he wants to trade huge contract lots. He fels the S&P is the only market that will support a single 1000 contract order reversing on 2000 contracts to take a countertrend trade.
He does live with a woman (!) and seems pu**y whipped to the nth degree. Asking him to trade the Russell was like asking him to cheat on his girlfriend. As a 20+ year veteran of the markets, he still makes rookie mistakes. Most notably the emotional abuse of himself. When he missed an "obvious" signal which was a winner, he harped on it for 30 minutes straight calling himself an idiot. I wasn't paying him $400 per day to be HIS therapist.
In short, I feel his lessons are easily worth $2500; not the $10,000 he thinks its worth. Based on his blog, I thought he could call market turns with pinpoint accuracy. Market Monk had the grail. Easily worth $10,000 (total price)
I learned he AVERAGED a 3 to 4 tick stop loss. He did not place a 3 to 4 tick stop EACH TIME. Big difference. The latter implies a grail trading strategy.
To answer another's question, Monk did take down his blog but he included an email address which I retained. I said to him I remembered his blog and would he consider teaching me his method. He told me he is interested in looking for partners read: friends to trade with. He has the temperment of a six-year-old so he will be friendless his entire life, despite having a networth of about $40 million.
"What gaineth a man to inherit the Earth but lose his own soul" paraphrased proverb
