Quote from spd:
EXECUTION REPORT AND INDEPENDENTLY AUDITIED BROKER STATEMENT YOU FRAUD!!!!!!!!!!!!!!
See, I can do it too.
So you got lucky and made a couple handles on a countertrend scalp. You called for a top, why arent you riding this baby all the way to shit bottom? There is absolutely no edge in going short because it looks like a head and shoulders may from, if you did have a profitable trade (I dont think you did) you got lucky this time.
Dude, just stop now. You are criticizing the risk/reward structure of Bone's methods. Everything he does revolves around spreads. It is now painfully obvious you dont even know what a spread is. Your perception of his risk/reward is so far from the realm of reality its just laughable at this point. You havent a clue of the true dynamics of these markets you play around in, and that is all you are doing, playing.
Whether you like Bones website or message board demeanor, he is a market professional, not some jokster selling emini signals. That is evident in the posts he makes in many threads all over these boards (he usually makes no direct mention of his educationalservice ). Its clear that he really does have a passion for the markets and what makes them move around. His posts on energy and rates always get my wheels turning and make me want to do more research and learn as much as I can about these specific markets. I could care less about his method at this point in my trading career, but to write him off as a scam just because he claims to be successful and chooses to teach as well is foolish. Only an arrogant knowitall would do such a thing, and their endgame always ends up the same.
Best of luck Joseph, keep on watching out for them head and shoulders!
Why would need an audited brokerage statment, when the call was made far in advance, and you can simply look at the chart and see for your self?