I scanned through your posts - you absolutely LOVE to bitch; sometimes about me, but it would appear that you have not posted any constructive materials in terms of trading ideas or actionable content of worth to the community. Have you any trading bonafides ?
I will let a small sampling of my clients, brave enough to withstand the trolls and PM's, and who also chose to put in the hard work post as ET Members. 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.
speaking of a dead horse. admit you lied about client "th". HOW CAN ANYONE BELIEVE ANYTHING YOU SAY AFTER THAT. WTF?
Bone - same old question, are you a profitable trader or just a snake oil salesman that sell some useless education?
Look, it is obvious that he is not a profitable trader as he is teaching. However, it doesn't takeaway the fact that he may have been profitable at a time or has experience in the markets which may be helpful to some traders..... The issue is that he had very aggressive marketing tactics in the beginning, virtually lied about things in which he was called out for publicly, despite all his denials. Since then, it appears he has taken on the feedback in some way. He had admitted that he is no longer selling a profitable trading strategy but rather a spread course. His website has a softer tone. I can't see how there is any unethical practice at the moment. Maybe a stretch of the truth here or there but i think his new marketing is more acceptable. Is the course worth it or not? That is relative to each client.
I am not against anyone to make a living through teaching or selling some trading course. What really stuck me is his marketing approach, e.g. Keep on posting the SAME feedbacks from his "students" ( which is questionable here if those feedbacks are real or make up) I also concern if he is not profitable, how could you expect the students can become profitable?
Last night during our Group Webinar we talked about building intermarket interest rate spread combinations, and reviewed some new trades taken by clients - particularly in the Eurodollars and the ICE Softs.
Galvin, his students are mostly unprofitable... look at his customer reviews. Only one client from his reviews has made money as of today.
@galvin and gambit, 90% of those who try are and will be unprofitable in trading across all styles. personally, i do not believe his course is worth 7k. Recently bone posted a 1-2-1 grain fly and said it was a good long setup. That doesnt mean anything. What matters is where you enter and EXIT irrespective of the direction bias to make a system trade worthy. Flies break especially when the seasonality plays surrounding wasda/usda figures can cause cost of carry to trade above and below fair value. The delusion is that short term vol on flies entices traders to leverage up and wipe you out on event risk when the curve has a big move. Controlling that is key. Whether or not he addresses that risk in the course is a risk that a student has to take. I would advise people against paying 7k as he is massively overvalued but if one has lil access to a method which covers cross asset trading, and is too lazy to manipulate data themselves, then that trader will most likely be unprofitable with or without bone. The upside to the course is that he will guide those traders in looking at things they have never seen before. Giving traders an enhanced way of thinking might allow 1/10 traders to do well if they put in the work As for his marketing tactics, he is on the borderline, but given all that has been exposed...the students have enough info to make an informed decision