OK, so it's on the record that bone outright falsified the CV of a client on this thread while a sponsor; ostensibly using that false CV to advertise his service. Trader "TH" has never been employed by Goldman Sachs. "TH"/carteblanche has verified it to me via PM.
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). I don't believe that my $7,500 has been anything but an excellent investment and highly recommend Bone's services. R1234: I signed up with spread professor last year. When I first signed up I must admit I was a bit concerned it might be a waste of money or maybe even a scam. But as I began adding his method to my existing methods I can say it does add value and I have more than made back my investment. His method is legit if used consistently and does carry an edge. J:Law: For all the naysayers & harsh critics of Bone & his spreadprofessor services....not only are his offers legitimate & sound. His ethics compass is intact & oriented in the right direction. If you are on the fence about working with him, just know that he has his feet on the ground & you will walk away from the experience with a greater knowledge of futures, spreading & tradecraft in general.
Accusations: 1. $400k Bone made prop trading.... true the statement shows a sweep not actual purchase and sales. Let's assume he deposited the funds, where did it come from, grandma? The tiny margin required for spreads, why be at prop firm with $400k? Or if he did this then what would his box be $2mm, $8mm? Would any firm entrust a rookie with the amount? 2. Bone calling on a former client to vet his statement... I ask, who in the world would come forward if not for somebody he knows. after all he and his business is under attack. 3. @stereo70... I feel bad for your experiences with your trading and personal life. Ed Seykota and many other trading pros has stated that trading when your behind is suicide. as I read your story, it seemed life got in the way of your dreams. You deserve respect for getting thru it, but market shifts cause all strategies to go sour. Unfortunately it had to work for you at that time of your life, but it stopped. Happens to all of us so reserves are necessary. 4. Goldman former client.... I have not been at a BB firm since 2008.. all I can say is that posting on social media, including IM is the quickest way to get yourself fired. I had a Manger on the desk who received a girl in a bikini pic. He was canned within 30 minutes. I have friends that still work at these firms who will NOT respond to any IM outside the firm. I truthfully do not know if this gentleman works or worked their. Point is ed Seykota and all the rest are in all the books we have all read. The stuff Bone teaches is in all the same books we've read. Put on a trade, You will experience a drawdown.. guaranteed!!
The guy ("TH" reputed Goldman energy trader in Singapore) lives many thousands of miles from Singapore. You're free to ask him yourself, but he's pretty f*cking pissed off right now. Work on this one, Sport. He came here publicly to refute the Goldman claim. Ignore it? Or come on here and go public and throw bone under the bus? This has gone to the NFA so it's being taken seriously. I have two confirmed sources, a GS employee, and the man himself, that he has never worked there. No client of bone's with the initials "TH" has ever worked at Goldman Sachs. It's not a case of mistaken identity. He was the client "TH" from Oz. Obviously it is a complete fabrication by bone. So far he's used a client to vet a statement for PNL that nobody can vet. Just winged it. "YTD PROFIT AND LOSS" is what's required. It's not there and the Agate email is a joke. I don't think a lot more can be said. The credibility is gone. You were told that one of bone's clients went on the GS to trade. lol you don't feel a bit duped?