Idiot - if you and Frits do not even know what a spread actually is in terms of position construction and contract sizing, if you cannot properly mark a spread in terms of P&L, if you do not know how to margin a spread correctly, and especially if you cannot chart a spread correctly - then why the fuck should you care ? This is a specialty that I teach to already experienced traders - guys banging out well into six figures (and a few seven figure honchos) for several years scalping Bunds, Crude, ES, Bonds, the Euro, for size. You cannot put spreads into Collective2. Most backtesting programs will not accomodate spread positions. Most charting packages will not even chart a spread. The fact of the matter is that you and the rest of the retail punters would not know what the fuck you were looking at. I do not take on clients like you and Frits. I cannot work with guys like you - I need experienced traders for clients. I have no interest in proving anything to you. This is not for you. I turn down guys like you every day. I do not run some sort of trading academy, not even close. I turn away way more guys than I ultimately accept. I don't need your money, and I certainly don't want to deal with you.
This is a post from over in the Futures Spread Trading Thread here in the Educational Forums section - a reply regarding an earlier post from this ET Member ( and several others ) requesting from me some background information on the specialty that is spread trading and intermarket arbitrage. And it emphatically proves my point in the last post - that posting spread trade calls for the benefit of retail punters and biased pundits/bombthrowers not schooled in the art is a non-sensical and meaningless exercise.
this was posted in 2010, has there been any updates? because when you see someone claiming 459pips over a few days because of swing trading, does one really give pause to the significant number of other patterns that occur during that duration of a hold? patterns of selling, buying, frenzies, panic, etc? that are all valid tradeable conditions? does anyone give valid pause to the significant stoploss or drawdown just to maintain those positions, or the significant gains that are lost over that holding period, and finally stopped out in the position?
thanks for your time and research and keeping this list current thanks! we've been duly warned besides, those have to buy during the presentation / webinar glad handing offers, and guarantees, and refunds (that never happen) and the hundreds of persons on the presentation pressures why even bother trying to make money from trading, since they're making money from trading (fools from one room to the other)
lol, every moron in chicago with a pulse spread trades , this guy is trying to pass it off as some specialty.
b.hull, if you can unwrap your hands from the grip around local's manhood, go ahead and mark my positions.
"Traders" as you describe yourselves Frits, Stock 777, and b. hull is of course a theft from truth telling. You, Frits, admit you have never made a dime trading and you want to scorch the earth because you "got ripped off" by Rockwell Trading or something to that effect. You followed their calls to the letter and in your words you have "not made dollar 1". Your words, not mine. You also proclaim in your blog that trading is a "hobby" for you. b. hull tells us in his posts that he is an ex-exchange analyst who "has everything to learn". He opines extensively about the virtues of fundamental analysis and timing the markets as such; in fact, if you review most of his posts in detail he waxes poetic about his gloryhole love fantasy for "local". Stock 777 / Abraham Lincoln, well, nothing can be said for that sad sack of shit.
Stock777 as seen at home, very sad. <iframe width="560" height="345" src="http://www.youtube.com/embed/pB_1t-Vn6Vs" frameborder="0" allowfullscreen></iframe>