I'd like to welcome five new clients who signed up for the upcoming training rotation. All are current ET Members, and they took the time to check my background references, ask lots of probing questions and independently contact some existing clients. As a side note, I added several weeks to the existing contract terms in order to account for Summer vacations and timing variances. What is it with the Dutch - I just picked up my second client from the Netherlands! Another new client is a power trader, which is great - we can talk heat rates and the inc/dec markets.
Congratulations on your new clients. May I suggest you spend some of the revenue on getting yourself some therapy. Your posts clearly demonstrate that you need to sit down and have a good long chat with somebody. Ultimately it will help you and your clients.
Sun Too: I have lots of long chats with my clients on a regular basis. Individual, personal chats with graphical props.
Well, apparently his clients are making six figures with these methods, and yet he needs to charge people four figures for training. Why bone wouldn't take his expertise and earn his own six figures is left as an exercise for the reader.
Maybe that explains was he doesn't want to share how much he made in his 18 consecutive "profitable" years and why we only see a brokerage statement of a very short period. Bone, Would be so kind to share your 18 year track record with us ? (I have asked this before but no response)
I think you guys are being overly critical here. Do you really think anyone would go and post their complete trading history for people on a forum? For anyone that is serious, he gives more than enough information about himself where you can independently look him up to see if he is being straight up with you, and he gives you contact information with some people he had worked with and is currently working with, so you can talk with them. Now about why would he help people for such a small amount if it makes him so much money. 1. Their is more to life than money. While you are young, you can concentrate on making money to have a good comfortable life later on and provide for your family. If all you do throughout your life is concentrate on money, that's sad because you would miss out on a lot life has to offer. 2. No matter how you put it, trading will take a lot of time and energy. It isn't hard to imagine how someone would be tired of spending those long hours after doing it for years and years. Being a consultant and teaching will provide a good amount of income without the same stress in my opinion. Which is more important, making a ton of money and being stressed out or relaxing and making good money. It depends on where you're at in life. 3. This course isn't the only source of income for him. He does have a bunch of things going on that keep him busy. This makes me believe that he offers it because he likes doing it. This isn't like a college course where he gives you a bunch of crap and says here do it and grades you. There is a lot of interaction that goes on each day. It's a pretty fulfilling feeling to see someone you helped succeed and move out on their own, and no he shouldn't do it for free even if he likes it so much. It isn't charity work. Spread trading isn't a holy grail, and it isn't advertised that way. In the end, it is up to the individual trader as to if he will be profitable or not. What he offers is to teach the person how to spread trade and how to do it. He'll show you how to make your own spreads too and gives lots on feedback on trades that you make. He also gives a view of the market that you might not have had, which can clarify things. He gives you as much attention as you want within reason. I mean he isn't going to talk to you on the phone every day for an hour. He is willing to do a meeting more than once a week depending on what you need, but I don't take him up on that. I do email him daily though and always get timely responses. If you only want to contact him once a week, it isn't a big deal either. Now obviously, this isn't for everyone. Not everyone needs or wants a consultant or learn a different way of trading. If you don't want it, no one cares, but people can make their own decisions. Yes, I am one of his clients. I normally just read lots of posts, but I found it kind of ridiculous that someone resurrects this thread after three months just to bad mouth him. Take this how you want. I know it has improved my trading, and I really do believe that it sped up the learning curve a tremendous amount, which is what I was after. To me, it is well worth it.
So we can assume that you two have done all the due diligence on bone, right? You've: *Read his years worth of posts here on ET *Contacted all his references both personal and professional *Read over his CV, complete wih patents, publications, and the rest (not sure what a CV is? Look that one up) *Talked to his backers *Talked to his current clients *Met with him personally, perhaps even met his wife and family? He's certainly offeerd all of this to anyone who'd care to investigate his credentials, so have you? I'm betting no, that none of this has been done. That what you're doing is speculating - well, that's not even the right word, so we'll use guessing, and simply acting the way anonymous people on message boards tend to frequently act. Big D, you just kept getting your dick stepped on the the other thread, so thought you'd take it over here on a personal level, right?
Interview questions to anyone who teaches options-related material: 1. What is the delta of an ATM call? 2. Is an ATM straddle delta neutral? 3. If the delta of a strike is say 25%, what it the probability that the instrument visits the strike? Assume cost of carry is zero.