If someone hires a mentor or educator and just expects to be gifted with an ATM with very little effort on his part - then that person will never succeed. The secret is that there is no secret. No holy grail. Every successful trader works his ass off at it. And if someone requires certainty - go get a government job because trading is definitely not your line of work. Absolutely no one can predict what markets are going to do. The common theme for my clients who are successful is that they put in quite a bit of work and take their time before they choose to trade live. If you're chasing easy money please do not hire me - it would be a waste of your money and my time.
I don't mean to dog on an old point, but I don't understand why one can't post proof of their success? Is there some law against it? Is there fear that it will cause global warming? I've sent a few email to John Carter asking the same thing? Why can't he just post proof of his success? Seems to me like it would be a great advertising strategy. I would sign up in a heart beat with some one if they could prove that they themselves have successfully traded and produced a profit over the last 5 years or so.
It is my choice whom I choose to take on as clients. The vetting process works both ways. I will not accept for a client anyone who doesn't have the smarts to recognize that the references, performance and related work committment of other clients is the very best benchmark for how he himself might possibly perform with the program. If that's not good enough, then please take a pass. I've been very consistent about this over the years and I will absolutely not be posting any additional trading statements publicly either here or on the website. I'm a consultant, not a registered fund manager. Go ask the clients how they like the program and if it really works. Thanks.
You have to assume anyone not willing to share extensive historical performance, they teach for a living because they cannot trade profitably for a living. Why would it matter if a registered fund manager shared performance metrics?
Bone is trying to be just a little bit pregnant. He's happy to trumpet a supposedly marvelous trade from years ago, but won't post anything current because he is a teacher, not a trader. I wonder how Soros would have done if he only accepted public money on the basis of breaking the BOE in '92. 'Stop asking about returns, don't you know I broke the BOE and then profited immensely from the Asian crisis?'
Since my clients come to me as experienced traders, they can tell what works and what doesn't, and they have stated in their own words that if they dedicate themselves and put in the time and effort that there is edge and profitability in my methods. 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
Ronin and DRW are Chicago based futures prop firms with NYC offices and that also have internal training programs. Very strong spread traders. I highly recommend them.
THOSE WHO CAN , TRADE ( 1 %) THOSE WHO CANT , TEACH ( have no performance record to show, use fake testimonials, mislead people,have a big mouth.......) 99 % Welcome to the snake oil world of BONE
I expect Bone will post another repetive marketing material in the coming next few posts. Why? For anyone new to this thread, human nature will always look at the first page and the last page of this thread, so Bone has to make sure his marketing material will be in the first and last page of this thread . This proof Bone is a completely snake oil salesman, so my advice is to stay away from him!!
Trolls and flaming assholes cannot, by definition, ever be satisfied by anything the target of their wrath posts. In fact, they completely ignore the positive reviews from clients that these bullies so hypocritically proclaim they are trying to protect from getting cheated and ripped-off. Like it never even happened. I must be a fraud because I refuse to post my personal financial information in a public forum, or with an anonymous party who happens to email me. What an absolutely asinine premise. BTW, who the fuck does that? Answer that one. Never mind that the majority of my clients are positive about my service. Control freaks and bullies posting anonymously behind keyboards do what they do in order to regulate their own anxieties and self-doubts.