SpreadProfessor Clients - Thanks !

bone said:
RockMachine:

At the risk of voiding my contract with Bone, I wanted to give an unbiased opinion of Spreadprofessor's service.

1. The price is high = yes. However, as stated Bone ONLY wants experienced traders. Well, experienced traders are MUCH harder to train because you have to un-train them first. New clients after a few weeks/months are encouraged to post their trade setups. Often, they show head and shoulder and archaic setups with multiple squiggly lines, etc. Myself, I had a nasty habit of placing tight stops, which every few months I revert to. Point is, Bone didn't teach this stuff.
2. The Guy really cares = Hell Yes! I'm on my 10th month of a 6month contract. Why? because I'm not ready.
But to be clear, I contribute and I want it!
3. The $500k trade issue = Don't know. Semantics wise, if I were to make x$ in say the "Crack spread" for 2013, I would phrase it " I made X$ trading the Crack Spread last year. "
4. Is this the Turtle Experiment = Kinda. Richard Dennis said that he could publish his strategy in print and MOST people would lose money. In fact his original group has some who prospered and others who crashed.
Weakest link is always the trader.
5. Overall, Bone's experience and knowledge of spread trading in 2014 is easily top 10,5,3 in the world. However, if you trade automated by ticks and turnover 100's of trades per day, then you will need to be un-trained, unless of course your infrastructure budget can compete with the big boys.
6. Finally, I have met and worked with a few people on ET, some were good, others would eat their children for $500..YOU KNOW who you are.. As for Bone, he's legit and cares and is very cautious as to working with the right people and especially before he lets you trade live.

Eudamonia:

As a current client I made my decision regarding Bone's services based on discussions with his references (former clients). Were they able to apply what Bone taught them and derive an edge? And the answer to that was yes - although it would require a lot of work on my part to learn the system (hence why it is a 6+ month contract).

Currently, after four months of simulated trading I'm sitting on a 70% win ratio with a 1:1 reward to risk. Several other traders have shown their results in our trading room of their own trading that is similar or in some cases better. After a few more months I will switch over to live and anticipate I'll see similar results in a live account (because I have accounted for commissions and slippage in my estimates).
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Bone : You keep on repeat the same meterial AGAIN and AGAIN, you look more like a snake oil salesman than a real trader !!!!!!
 
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Perpetual motion

This thread could go on forever.



:)
 
galvinlee888 said:

Bone : You keep on repeat the same meterial AGAIN and AGAIN, you look more like a snake oil salesman than a real trader !!!!!!
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If he is going to repeat the same endorsements, maybe he should take out the paper trading testimonials.
Those two traders may start making money but at the moment, they are not.
 
I'm finding that new clients are typically taking three or four weeks just to digest the original distribution of materials - which includes all sorts of reference materials, a custom indicator packages and rules for trade entry, profit/loss targeting at time of trade entry and position management, and many hours of historical recorded webinars covering all sorts of topics. After this review process, I typically will meet with the client and the client is building out his charting platform with hundreds of spread combinations. For intermarket spreads, we tend to ignore the prompt months and seem to prefer butterflys and condors in many cases. In many products like STIRS and energy, there is significant open interest for several years out in the curve and that is where many clients seem to gravitate to as they gain experience and confidence.
 
bone said:
I'm finding that new clients are typically taking three or four weeks just to digest the original distribution of materials - which includes all sorts of reference materials, a custom indicator packages and rules for trade entry, profit/loss targeting at time of trade entry and position management, and many hours of historical recorded webinars covering all sorts of topics. After this review process, I typically will meet with the client and the client is building out his charting platform with hundreds of spread combinations. For intermarket spreads, we tend to ignore the prompt months and seem to prefer butterflys and condors in many cases. In many products like STIRS and energy, there is significant open interest for several years out in the curve and that is where many clients seem to gravitate to as they gain experience and confidence.
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Sounds pretty interesting. I like the fact that you are looking further out the curve, gets rid of front moth noise. Does your material look at roll returns in the oil space? Also, did you manage to clear up those questions regarding the statement on your website?
 
Are yo
FreeMoneyStoxx said:
Sounds pretty interesting. I like the fact that you are looking further out the curve, gets rid of front moth noise. Does your material look at roll returns in the oil space? Also, did you manage to clear up those questions regarding the statement on your website?
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Are you again talking to yourself , Bone ?? LOL
 
Bone,

My question for you is quite simple.

As a trader, 5k days for me are not rare.

From my understanding, you charge 5-10k per course based on messages Ive read.

Onto the question.

If the system is good and consistently profitable, why bother?

Why does someone with a good system, needs hassle of a business, plus clients, plus more clients, for pesky amounts of money?

Logically, it does not add up.

Help me understand without feeling attacked.
 
FreeMoneyStoxx said:
Sounds pretty interesting. I like the fact that you are looking further out the curve, gets rid of front moth noise. Does your material look at roll returns in the oil space? Also, did you manage to clear up those questions regarding the statement on your website?
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can someone check the ip address of this guy and Bone, see if he's that stupid, he did the same thing on Big Mikes Forum posting as a 'client' known as 'PropArb'..

surprised he hasnt come up with the fact he's got a new client in shanghai or london or some other bullshit who is in a hedge fund lol
 
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