SpreadProfessor Openings
- Thread starter bone
- Start date
during the gold rush, those who made the biggest fortunes did so by mining gold. the general stores made a living... the pioneer miners and panners made generational fortunes.
you'd be surprised how many traders out there are damaged goods, incapable of making one dime while trying to follow any winning approach.
a good bunch of traders at any given time are so shell-shocked from prior losses that they fear losing another $20 on a one-lot trade.
It ain't the -$20 that they fear: it is the fact that their unrealistic dreams from before have been shattered. They need to get this right, they need to profit, they need to win. They cannot emotionally stomach one more painful loss, dollars are not the issue any more.
A good number of those walking wounded are precisely the ones who conjure up such risk-free barter offers as you proposed. Maybe you personally aren't part of the emotionally damaged group, but out of 10 similar offers the OP gets there will be 8 or 9 who fit that descript.
Arrow: If you're making money swing trading the markets, I wouldn't change what you're doing even if you were a client. Three of my clients actually have not changed their core methodologies per se since hiring me, but have somehow been able to enhance their revenue streams - mostly with the custom correlators and setups I derived for the instruments they are trading. For example, one trader of mine scalps Bunds for stupid size and I have him keying off of some very good correlators like the Swiss Franc and a particular technical entry setup we built together via webinar.
When I first started doing this last year, my impression was that I could standardize alot of material - I have found the exact opposite to be true. Every client comes to me with a certain amount of 'baggage' in terms of self-destructive habits and a reinforced viewpoint of the market and how to trade it. I need to get a sense of their risk appetites and their capitalization. I've never been a 'one-size-fits-all' kind of guy, and if there are X number of profitable traders in the market there are X different trading systems. Some prospects come to me and want to know how I have done it through the years, and that's fine, I show them how I have learned to fish - the whole thing, nothing held back. Others want to concentrate on a particular time zone or market space. Most of my clients are involved in equities or interest rates, and want learn energy. The bottom line is that after a couple of individual conferences I end up customizing materials for each client by and large.
In terms of the trade set-ups I use and teach, the entry is largely a mechanical signal but the exit does involve some tradecraft rules and instruction on my part by design to maximize profit - and in that respect I believe that some sort of 'audited P&L report' would be inaccurate. If the trading system I teach were totally mechanical, then yes, it could easily be backtested and audited but that is not the case. The most automation or mechanization I could claim would be 'grey box'.
When I first started doing this last year, my impression was that I could standardize alot of material - I have found the exact opposite to be true. Every client comes to me with a certain amount of 'baggage' in terms of self-destructive habits and a reinforced viewpoint of the market and how to trade it. I need to get a sense of their risk appetites and their capitalization. I've never been a 'one-size-fits-all' kind of guy, and if there are X number of profitable traders in the market there are X different trading systems. Some prospects come to me and want to know how I have done it through the years, and that's fine, I show them how I have learned to fish - the whole thing, nothing held back. Others want to concentrate on a particular time zone or market space. Most of my clients are involved in equities or interest rates, and want learn energy. The bottom line is that after a couple of individual conferences I end up customizing materials for each client by and large.
In terms of the trade set-ups I use and teach, the entry is largely a mechanical signal but the exit does involve some tradecraft rules and instruction on my part by design to maximize profit - and in that respect I believe that some sort of 'audited P&L report' would be inaccurate. If the trading system I teach were totally mechanical, then yes, it could easily be backtested and audited but that is not the case. The most automation or mechanization I could claim would be 'grey box'.
in other words, you really have not much of an idea, read what other people put up, parroted them back, think this has some kind of impact, and are trying to avoid legitimate challenges to your claims.
As to your PMs, again, you love to throw claims without any substantiation.
Funy thing - you claim great results, but need to advertise here to try and make money.
I was going to stay out of this as it's typical of the bullshit so prevalent on ET, but let me ask all the mudslingers a question:
Have you actually done any homework of your own to either verify or dispute bone's claims?
Have you read his eight years worth of posts on a variety of trading-related topics?
Have you talked to any of his clients?
Have you tried to verify, for yourself, his history, track record, and talked to his firm?
Now, he's offered all of these to anyone who'd care to do a little research.
Seems to me if you haven't done the above you're talking through your ass, and don't have any information to base your claims upon.
Have you actually done any homework of your own to either verify or dispute bone's claims?
Have you read his eight years worth of posts on a variety of trading-related topics?
Have you talked to any of his clients?
Have you tried to verify, for yourself, his history, track record, and talked to his firm?
Now, he's offered all of these to anyone who'd care to do a little research.
Seems to me if you haven't done the above you're talking through your ass, and don't have any information to base your claims upon.
none of that anger was directed at you personally and if it came across as such, I apologize sincerely.
most of the time my posts get one pass and no editing, I'm multi-tasking during these visits in between other office stuff. If we all sat around a long table having breakfast in the morning or couple of beers at night, the tone and inflection face to face would be much more congenial.
I'll do a better job of articulating next time. Congrats on the swing trades and business successes
I think that the key to my success in terms of my own trading and the positive feedback/rave reviews I get from clients is that I mechanize and take out of the decision-making process a very significant and demanding component: the entry signal. A client of mine in Australia used to be a hedge fund analyst and reports to me that my entry setup was one of the best he's ever seen. I want my clients to re-direct that energy they use for trade entry into proper trade management. I spend most of my instructional time on managing trades. It is the exit, not the entrance, that makes trading into careers.
BS.
When I was in the diamond business someone once told me: 'you make your money when you buy the diamonds, not when you sell them'.
Without a good entrance, the exit is irrelevant.
When I was in the diamond business someone once told me: 'you make your money when you buy the diamonds, not when you sell them'.
Without a good entrance, the exit is irrelevant.