SPX Historical Spread Plays

So are you saying he faked his SPX spread results?

I got his spreadsheet but I haven't gone back to check to results.

 

lol, that is so funny you know his history. he went under cassandra, wasting assets,etc. i actually was tempted in the early 90's to subscribe but did some DD and walked away. he indeed served time and apparently resurfaced.

 

Kevin Schmit posted his greatest hits on Josh's other thread. I'd never heard of the guy.

 

If you can raise money so easily, why should you need to develop your own system ? You only need to raise the money and collect fees (2-3%) and put the money in the SPY or QQQQ and let it ride through the market .. (and outperform 80% of the hedge fund outside)

 

Gentlemen,

I used that term loosely, as some of you have hardly acted in that fashion, the unearthing of a “scandal” in my past has causing this Forum to be used for matters unrelated to the discussion of options. Why this is relevant is beyond me, but there it is, and I shall address it. Those who have posted re a now 16 year old case have revealed an palpably perverse delight in elucidating my misfortune. What that says about them I leave for readers to decide; who knows, maybe they also beat their wives and kick small dogs. In any event, I have no wish to dredge up the circumstances of case, as anyone with an ounce of humanity can appreciate, other than to say that there are always two sides to every story, and the information available on the internet presents only the Maryland Attorney General’s perspective on the allegations. Suffice to say, there was enough against me to enter a plea agreement, as all my assets had been seized and mounting a credible defence without funds to fight the charges, seemed futile. I ended up serving 4.5 years in durance vile, most of it in a Medium Security prison, sharing a 7’ by 11’ cell with a drug dealer in for murder: an experience I can assure you that I would not recommend to my worst enemy. I received no breaks such as early work release or home detention and was set free in July 1999 on Mandatory Parole/Probation. I finished that portion of my sentence as a law abiding citizen and have been one ever since. It might be of interest to you all to know that the SEC (originator of the case) in 1996 settled their charges against me “without me admitting or denying guilt” and I am allowed to participate in any legitimate commercial activity, including the securities business, as long as I do not violate the conditions of Securities Acts of 1933 and 1934, as amended. This I have done, am doing, and will do, in future, as instructed. So, accusing me of “still scamming in your 70's", is not only inaccurate, it’s probably actionable. Summing up, I’ve paid my debt to society, my transgressions have ruined my life and I have no one to blame but myself, but the past is the past, not the present. For those who believe in retribution, that ‘pound of flesh’ has been taken, and for those who believe that atonement should allow a man to rehabilitate himself, well, that’s where I am, at present. For those who instead think that I should carry this cross to Calvary, well to them I say, OK, but remember, I still have my First Amendment rights, so all I ask on this Forum, or on any publication, is to weigh the material on its merits, not on the mistakes made by the source long ago. Don’t shoot the messenger, just because you may differ with the conclusions drawn.

Thank you, and good trading to all.

Josh Fry

 

Huh? I said that I would not be able to raise money. People give money like crazy it seems to scammers who are smooth talkers and have no proof their system works. My point is that I could show absolute PROOF of my system and no one would probably invest because:

1. I am not a smooth-talking scammer type.
2. I would never guarantee any sort of return that would be enough to excite people.

JJacksET4

 

josh,

...you are ok in my book, hope you continue to bring your expertise to the options forum....

 

traderlux,

Thank you for those sentiments from the bottom of my heart. You have no idea how difficult it was for me to write that post.

God bless and good luck in your trading.

Josh

 

josh, the delight comes from seeing someone who preyed on the ignorance of others (nearly me) get his just due. in any case you are/were one of many and many to come.

i can never save everyone from scammers , but when possible i will always give my 2 cents on hard work as the only way to earn in these markets.

 

Have you paid the $3.8MM court-ordered restitution? You stated on another thread that you have "clients" and trade "with a group". I assume that a substantial portion of any income you earn is going to your victims?