Re: Mark Cook's Fax

[Marcelo Martinez <marcelom@xxxxxxxxxxxxx>]

Chris : 

I really appreciate you telling us your experience with Mark Cook. My
thought was that if you can learn something from someone who has been
successful , it would cut down on your own learning time; however, your
experiences seems to "again" support the idea that one must pursue one's
own method , which I'm trying to do.


thanks,

Marcelo


Chris Lober wrote:
> 
> I tried his fax service about two years ago and was very disappointed.  The
> trades he recommended required very large stops, and just about all of them
> did hit the stops for a loss.   While it was only a month that I received
> the fax, his calls during that time left much to be desired, and would have
> resulted in some steep losses.
> 
>  He does talk in the fax about buy programs, sell programs,  and when he
> expected them to occur.  This sounded interesting to me, and is why I tried
> the service, but the results never backed up his claims.
> 
> Regards,
> 
> Chris Lober
> 
> ----------
> > From: Marcelo Martinez <marcelom@xxxxxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Re: Mark Cook's Fax
> > Date: Wednesday, August 27, 1997 7:47 PM
> >
> > Bill:
> >
> > I appreciate your candid account.
> >
> > >
> > >         I used Mark Cook's faxes
> >
> > Did you use the fax as a tool and trade yourself ?
> >
> > I have been thinking for six months of trying this route  , but the
> > price is a little steep. In additon , during this time I have been
> > following his weekly "free" commentary and predictions , and I will
> > compare that with actual market action the week following. He did
> > predict some macro market turns , but I'm going to quantify that. Based
> > on this info, I will make the decision to try the fax for the minimum
> > amount of time and trade it myself.
> >
> >
> >   There were long idle periods and when he did
> > > trade my account he promptly lost 30% ! in just two trades. Troubled, I
> > > cancelled the account. Of course he said the money was only really lost
> > > because I didn't have the commitment to really risk it all.
> >
> >
> > I'm really surprised at this statement since he stressed the point at
> > Future's '97 that you should only risk a maximum of 40% , afterwhich you
> > can't really recover.
> >
> >
> > >         The one real problem I had with Mark was his inability to show
> any
> > > results in writing or a sample account. He even got very vague about
> > > giving me references as he said these were big guys who didn't want to
> > > be bothered with that stuff. He talks a Greeaat Game with lots of
> > > dropped references to people for whom he rapidly quadrupled and
> > > quintupled their money, but acted insulted when I tried to probe for
> > > some verification. He also said he was 1 quarter from a 5 year winning
> > > track record which Norm Zadah says still has never been accomplished by
> > > ANY options CTA.
> >
> > I am also a stickler on track records whatever they way be. There is a
> > troubling discrepensy between what he told you , and the image he
> > projects, and articles that have been written about him. I did ask him
> > at the conference what is his winning percentage , and he really did not
> > answer me, hmmmm... So is he real or not ?
> >
> > I E-mailed him for previous copies of faxes so that I could check them
> > against the market, and there was no response.
> >
> > I will let you know if I receive new information.
> >
> > Marcelo