Feedback from Virtual Trading sesson last Tues. I understand the concept of a losing trade, but I am very unhappy with the VT session: 1. No adjustments were discussed except to continue to hold the trades and "hope" they worked out. I have surpassed the 6% loss and had to simply close the losing trades. 2. Several of the trades had bearish bias, and he gave no market view except to say that professional traders were "nervous" abt the continuing uptrend. No attempt was made to made the portfolio of trades market neutral. After the four trades, I had a beta weighted (spy) delta of over -100, even though the market had been going straight up. The SPY calendar was, for example, had a bearish bias. 3. He seems to have a lack of understanding of basic calendar spreads. He looked for low probability shorts as his main criterion, which is good for verticals, but has nothing to do with calendars. (I assume I do not need to explain this to you). 4. Apparently he does not have a good feeling for the role of volitility in selecting trades (especially calendars). At least when I posted a question on what trades he would look for in high volitility markets, no answer was forthcoming, and very little mention was made abt volitility. 5. Trades were quickly posted with only a few minutes between the trades to participate. Not enough time was given to decide the merits of the trade and risk involved. Especially to understand that, for some trades, the **continuation** of the uptrend would be very fatal to those trades. No explanation of how to manage them except "the same volitility that took it out of range COULD bring it back again". The CME trade fr a previous session underlined this casual attitude towards risk management. Anyway, again I understand I am responsible for my own trades, but I trusted that you would provide a reasonably balanced set of trades and teach us how to manage them if our risk mgt rules went out of bounds. To say the least I was very disappointed in the lack of professionalism and poor training I experienced.