The beauty of being an ET sponsor and selling snake oil is you get to tout your service with impunity. This guy is employing the QVC, get em before they sell out, only a few left, last chance, and limited edition, school of marketing cheap jewelery and gadgets. Good luck to those of you who forked over your money to this carnival barker.
Prospects read the posts from Rolextrader, PPT, and TraderZones. Prospects review my credentials, and independently speak with my current clients who are trading my system. Prospects become clients. That is the beauty of being an ET sponsor.
bone, I have a suggestion for your marketing scheme: put a trading clock in your posts that counts down how much time is left before your phenomenal offer expires and watch the lemmings climb over themselves to get in first.
There are posts on here everyday with people making buy/sell recommendations. Has anyone here been fined or arrested for doing that? Guests on CNBC do the same all the time, don't recall reading about any fines or arrests of those people either. Don't think you'd be in too much danger, an anonymous poster on ET. Threatening suing other anonymous posters on here is childish. I'm not accusing you of being a fraud, I think you may be legit, that's why I'm posting this.
For someone posting under an anonymous nick of course the repercussions of giving buy/sell recommendations are small/nonexistant like on any messageboard. But if you stick your name out and also conduct business related to the industry, there is a certain chance that someone will file a complaint - and you also have a real business to lose if this is followed up by the authorities.
Well, there's a bigger issue here in the sense that traders who become clients of mine just don't want to be handed the fish - they are paying to be taught how to fish. Some case points: A client of mine from Australia is one of the biggest 90 Day Bill traders on the SFE. He is now moving to Singapore to get a more favorable time zone for the ICE Gas/Oil Crack Spread and the Nikkei/Kospi Spread trades. Because I was able to give him some fresh revenue streams, he is actually doing better with the bills in that he can sit back and take better trades - no need to force things. I have thirty clients who are now trading currency, energy, and metals spreads where when they first hired me were strictly equity pairs or yield curve traders. A couple of very big scalpers in the ES hired me - they are still scalping, but they have tighter analytics and are also keying off of ES correlators. Nearly all of my clients are ET members, so if somehow I was something less than I claimed to be or somehow ripping people off I am sure you would have heard about it by now.
On fast money they are making calls right and left and every guest voices their opnions too. Then Peter Schiff comes on and won't give any opnions about specific trades, he says he will get into the trouble with the SEC. I don't know what is legal, from my observations there are many making calls. I'm not saying bones should start making calls I just didn't see how he could get into trouble. These long time ET'ers vouching for bones is impressive though.
I do have some openings coming up from Oct/Nov 2009 clients who are done with their contracts. I could rotate in a couple of 'newbies'. I have three ET members who recently joined up who are experienced equity pairs and stat arb types - one is a phD who was on Morgan Stanley's desk long ago. The idea is to re-orient their sexuality from convergence to divergence.
Cubs: "I don't know the first thing about spread trading." That would make you a newbie to me, at least! Different mindset and approach to the market - also has some excellent tradecraft applicability to scalping a market as well.