I have never posted on ET but, I just wanted to set the record straight. I hired the Spread Professor about 8 months ago because a spread trade I was doing appeared to be fading. I did a Google search on spreading to get new ideas & came across the Spread professor website. I was shocked, excited, and very skeptical of what I found. Shocked b/c I could not believe somebody out there would provide a service like this; excited about the potential upside if it was legit; skeptical for obvious reasons. I have been in this business in some form or another for 14 years. I know a good thing when I see it. The Commodity trading world in Chicago and NYC is pretty small and if you don't know someone, then you probably know someone who does. That said, I mentioned his name to a few colleagues and got the confirmation I needed. Go back and read his posts on ET as I have. It should be obvious to someone in this industry that the man knows his stuff. That is why he attracts the clients he does. Are you going to hire him and make 7 figures your first year? Probably not. Will you learn new strategies and or build on a strategy you are already doing? You bet you will. Is it expensive? Thatâs all relative. I think gas is expensive, but I still buy it. Some things you pay up for because it has value. I've worked with many traders throughout my career and all I can say is the man is a true professional and an expert in his field. In our world there are individuals that make large sums of money in any given year well into the 7 and 8 figures...08 in particular was an exceptional year for some big players. If you don't believe this then it is pretty evident you are not very familiar with our industry. So yes, Bone stating some of his clients are in the 7-8 figure income level does not surprise me. Perhaps they were high income producers well before they hired Bone. Even so, he was probably able to show them a thing or two that helped add to their bottom line on trades they already do, or showed them some new methodologies. Bottom line...The man is extremely smart, is an expert in spread trading, and excels in modeling. If you are dedicated and hire him as a consultant, he can help you improve your bottom line. He has done so for me and many others.
TraderZones solicited for sale, here on Elite Trader, a purported trading system for $250,000. And he was not offering the audited financial statements or third party trading system verification he espouses here. Who's the hypocrite?
From another post and another third party: "TraderZones, who used to post under RCanfiel here on ET and who's name is Ross Canfield, is a failed system trader, and tried (unsuccessfully) to sell systems here for 250K as well as Collective2 (he has pulled them since). According to the opinions on Collective2, he's also deceitful and has changed aliases (just like on ET) several times. http://preview.collective2.com/cgi-...nt=searchstatus ...ironic that he's giving you the above advice "
Just remember this, he's left a paper trail here at ET via stating trendlines, s/r levels, price action only trading is not TA. He's also stated those things have value. Another third-party gem about TraderZones: "In addition, he's stated here at ET and at his former fee-base website that he's studied 1,500 trading systems and only 1% had an edge. He's also well known for demanding access to codes of traders that say they are profitable but will then challenge them to post verifiable proof if they don't cough up the codes. Why would a trader that uses codes give a system designing hypocritical vendor access to their codes...a question he refuses to answer. He's also on record here many years ago in stating that things like money management, trade management, market experience et cetera does not improve a traders chances and that it was just voodoo (see his old debates with me when he was known as rcanfiel and his old debates with me as TraderZones when he first changed aliases). "
I am not even asking for audited brokerage statements, only % and risk/reward figures for your 18 years. P.S. Try to be less obvious with your aliases, same style as yours,long winded posts ...
In case your past 18 year track record s...., use one of the above to build up a track record. P.S. I contacted a prop shop and the only thing they required from me was a 1 year track record (no references from my mother, sister...)
Peternam: The prop shop you contacted - was it a proprietary futures trading firm that requires no capital contribution or an equities prop trading firm that requires a capital contribution? Your 8% return - is that with equities or with futures?
"Surely an 8% return with futures isnt worth mentioning is it?" No, but his perspective appears to me at least to be limited to the equities domain - someone unfamiliar with the Chicago/NYC private futures firm prop trading model would find the returns on initial margin quite extreme, and it is not a valid comparison. You will not find any serious trader or manager posting individual trades on anyone's forum like a competition or performance analysis. No manager will ever provide individual trades even in a private offering prospectus. That's why nobody really likes to do managed accounts - too easy to backtest or birddog. IMHO, Peternam is the only bomb-thrower who might have any valid trading experience - TraderZones is a well-documented failed systems trader who hates everybody and tries to compete in the trader education space, and JoePaterno is just a miserable hag who has never posted one reply with any actual trading inferences or specific trade discussion since June of '08. For the record, the seven and eight-figure guys were that way before they hired me. I've got a coulple traders who I would estimate made more money in their 20's than I've made in a lifetime.