SpreadProfessor Clients - Thanks !

[ballsofgold]

Then you would know that your broker AMP doesn't clear LME and your messaging ratio example is for a firm and not an individual.

Yes agreed...amp is a PA...

Lme is for the fund and managed accounts - other people's money

 

[ballsofgold]

ballsofgold (awesome nickname and great hedge against inflation), what tools or books would you recommend to new traders? I've had good results with arbmaker and seasonalgo.

Had a look at arbmaker, it looks like an amazing tool. Thank you for sharing, With me as i may play around with it..

 

[stereo70]

@galvin and gambit,
90% of those who try are and will be unprofitable in trading across all styles.

personally, i do not believe his course is worth 7k.

Recently bone posted a 1-2-1 grain fly and said it was a good long setup. That doesnt mean anything. What matters is where you enter and EXIT irrespective of the direction bias to make a system trade worthy.

Flies break especially when the seasonality plays surrounding wasda/usda figures can cause cost of carry to trade above and below fair value. The delusion is that short term vol on flies entices traders to leverage up and wipe you out on event risk when the curve has a big move. Controlling that is key. Whether or not he addresses that risk in the course is a risk that a student has to take.

I would advise people against paying 7k as he is massively overvalued but if one has lil access to a method which covers cross asset trading, and is too lazy to manipulate data themselves, then that trader will most likely be unprofitable with or without bone.

The upside to the course is that he will guide those traders in looking at things they have never seen before. Giving traders an enhanced way of thinking might allow 1/10 traders to do well if they put in the work

As for his marketing tactics, he is on the borderline, but given all that has been exposed...the students have enough info to make an informed decision

having taken "the course" i can speak to this. it is simply a mechanical technical entry system with discretionary exit based on the most common rules.

there is no consideration given to market-specific fundamentals. bone has acknowledged lack of expertness in markets other than energy and interest rates.

i have emails from before i executed my contract, from bone, that are all specific to intraday energy spreads. one specific fly he called his "bread and butter trade".

i ask bone: want to deny that before i post them? that issue represents the last leg on which you've been standing with regards to my supposed laziness and self-will. caveat emptor.

lot of money to listen to a condescending failure tell you to work harder. please.

 

[Gambit]

Stereo70, it's not surprising that only one of bone's customers has made money. It looks like bone is the "Wolf of ET." Slap together some fancy jargon and dated technical analysis, mix in a slick sales pitch and voila...

 

[bone]

having taken "the course" i can speak to this. it is simply a mechanical technical entry system with discretionary exit based on the most common rules.

I spend a great deal more time and effort with clients on spread construction than the actual trade entry or the exit. And the system has evolved over the past five years, and the amount of materials distributed to clients has increased dramatically, and the program price and the contract term length has increased as well.

 

[bone]

Let me welcome another new client to the program today - and I am pleased that he took the time to interact with existing clients, perform due diligence, and make a truly informed decision.

 

[stereo70]

I spend a great deal more time and effort with clients on spread construction than the actual trade entry or the exit. And the system has evolved over the past five years, and the amount of materials distributed to clients has increased dramatically, and the program price and the contract term length has increased as well.

really?

Let me welcome another new client to the program today - and I am pleased that he took the time to interact with existing clients, perform due diligence, and make a truly informed decision.

you're a joke. your new knee-jerk response is to proclaim a new client.

now that your "technical indicator package" has proven to be a pos, time to wax hyperbolic about "spread construction."

your verbiage is gross.

 

[stereo70]

Let me welcome another new client to the program today - and I am pleased that he took the time to interact with existing clients, perform due diligence, and make a truly informed decision.

you've welcomed three new clients; i thought there were only two spots?

 

[Pigsky]

So let's do the math......

course costs 7k, and 125 ET members have taken it

= $875,000

and that's just from ET members, not counting other clients not from ET.

Hmmmm.... anyone else thinking of getting into the education business???

 

[Gambit]

So let's do the math......

course costs 7k, and 125 ET members have taken it

= $875,000

and that's just from ET members, not counting other clients not from ET.

Hmmmm.... anyone else thinking of getting into the education business???

The best part is you can now state that your methodology may not even work for 90 percent of traders!