atticus is absolutely right, bone... I believe you're perfectly legit and actually have something meaningful and worthwhile to offer. Seems like other serious people also believe that. You should ignore the various loud naysayers, unless they make a specific accusation (which, clearly, is unlikely). Do not stoop to their level and certainly don't threaten, as it doesn't help you whatsoever.
How about I give you 13k AFTER I make it using your system, now how much capital do I need ? Holy grail only 6500 bucks..... no way, I will double what you want ONLY under context that you dont make money off my loss! whats the big deal in all this ?
"Holy grail only 6500 bucks..... no way, I will double what you want ONLY under context that you dont make money off my loss!" The fact of the matter is that with over 30 SpreadProfessor individual clients last year, that business accounted for just a tad less than 25% of my declared gross income last year. The holy grail is that there is no 'holy grail'. I instruct on relative value spread trading methodologies, provide a technical trading model that has worked very well for me and other clients, and help set up trader work spaces in terms of execution platforms and model setups. Other than my initial consulting fee, I make no other fees or 'haircuts' - clients can choose any execution, brokerage, or charting platform they desire, so I have no earthly idea how a client's trading loss becomes a gain for me. Several weeks ago I licensed out my technology in the form of a custom encrypted 'grey box' GUI model to a prominent prop equities group with an exclusive 2 year commercial license for the equities space. I mention that only because that firm did a considerable amount of due diligence research on me. The point being is that before any contract I facilitate a high degree of due diligence between parties, and I am happy about providing that to anyone if they are serious about becoming a client. I will not, however, post that extent of detailed personal information or my trading statements in a public space to satisfy a posse of bomb-throwing trolls.
How to be a Guru in 10 easy Steps: 1. Explain how making 20 ES points a day is really easy, using past charts and showing where you would have bought and sold. 2. Tell everyone that everyone else likely blew up trading because they are dumb, and not following your method 3. Explain how trading is hard, yet easy, and will let you live the life you wanted. 4. Tell them you spent 10,000 hours looking at charts, and that must be worth something. 5. Tell them you don't like systems, yet your simple way of trading is like a system and can be used to trade anything on any time frame. 6. Give them guarantees on your performance, but make it very hard to really understand so you win no matter what. 7. Tell them you have traded everything and have tons of money, but really only teach because you like people. 8. Make them think your special cost will run out very soon and you will never offer this crap every again. 9. Tell them you will teach them stuff nobody has every taught them, and it will be 10 hours of some of the best stuff they ever seen -- totally new!! 10. Most important: NEVER, NEVER, NEVER show them an audited Profit and Loss statement for the last year or more. Tell them how un-important making money really is, since they won't have the exact losses, errr..i mean wins... as you. Make it seem like you don't really need the money, but keep begging... err..asking.. for their money. Then use their money to open up a trading account. http://www.elitetrader.com/vb/showthread.php?s=&threadid=174098
Feedback from client on May 05, 2010: " Pete, Have only traded 5 times since I increased size... At any rate had a really nice day today...+7K It was a good confidence builder. I am scaling in always showing 2 lots but taking them off 1 at a time because I have no patience...this works for me as I don't get out too soon. Patrick " Again, 30 ET members have become clients since July of 2009.
There ya go, guy... fixed that post for ya. Seriously dude, you need to hang out with a better class of losers than worstfraudever
and this is for your post "professor" NEVER, NEVER, NEVER show them an audited Profit and Loss statement.
I am not a CTA, I am not a registered investment advisor, I am not making buy or sell recommendations, so I do not require an 'audited' profit-loss statement. For God's sake, Bernie Madoff and several hundred other crooks had 'audited' profit-loss statements. All of those ratings agencies involved in the MBS fraud were 'audited'. For that matter, I post a 2006 annual brokerage statement showing about $500K in net profits from Advantage Futures for my ICE crack spread account - anybody who knows my name can call Advantage and ask if that is my statement, and Advantage would say 'yes'. Terry Duffy, senior vice president Advantage Futures knows me personally. He knows about SpreadProfessor. He has seen the website. Statement is still up there.