Jake Bernstein Responds to His Critics

In so doing I have been able to reach traders all over the world.

• I have appeared on radio, television and public appearances all over the world.
• My innovative research and market forecasts have been followed avidly followed by professional traders and the public for many years.
• My list of clients reads like a who's who of major money managers, hedge funds, brokerage firms and financial institutions as well as individual traders.
• I have published more than 35 books on trading which have been read by traders all over the world, and they have been published in a number of languages. And by the most respected publishers in the world

In this profession, as in all others, virtually anyone who achieves a position of fame becomes a target of jealousy and attacks for a variety of other reasons.

Over the years a number of my competitors have taken shots at me.

Many of them have never met me and know nothing about me or my work.

I have even met people who tell me that they learned my trading methods from someone who claims to know me. And I have never even met that person. Furthermore, many traders have either directly stolen my research, copied it or taught it to others.

Nothing in this business surprises me.

Some people have tried to discredit me due to some issues I had with the National Futures Association (NFA) a number of years ago.

The NFA is a self regulatory agency that subjected me to a hearing by individuals who were my competitors in this business.

We presented an honest case and we feel that their ruling was incorrect. The NFA took issue with my advertising even though we had sought legal advice and our attorneys actually approved them prior to our use.

Almost a decade ago a major magazine that endorsed my work several years before, wrote a negative article about me. Some of my competitors took joy in the negative article but never once mentioned the positive endorsement. This is the kind of back biting and professional jealousy that dominates the commodity business.

Judge me on the quality of my work, on your direct experience with me and not on the basis of hearsay by others.

Get to know me. Come see my seminars. See what I have to offer in the markets and in research. And then you can judge for yourself rather than allowing competitors who are just trying to bring themselves up by putting me down make up your mind for you.

Jake Bernstein

PS The fact is I receive numerous letters of praise as well as accolades from people in the business.

PPS The Other Funny thing is that when you see a "bad" article on me it usually has a link to someone who is selling trading products. In other words competitor who feels the need for a leg up.

ANALYSIS OF HOGS TRADES IN FORBES MAGAZINE ARTICLE COMPETITORS USE TO TRASH JAKE BERNSTEIN

Let's see how that trade Has gone - now we know it's unfiltered for pattern entry and exit rules and you would not just stand there and take a trade without a stop loss and trade management.

We have used the words above and looked at the years since the article - but with a twist we have only bought at the HIGH of the Day and Sold at the Low - reducing the returns on the LH Z Contract for that Year:

Here  are the results in Ticks not Dollars to keep ASIC Happy - remember this trade was publicly advised by Forbes Magazine in March 1999:

In 6 years That's

• 2 Losers of 206 Ticks (one pretty much a scratch trade) and
•  4 Winners worth 769 Ticks for
•  A Net 563 Ticks Total

The Charts are below and remember we have punished the trade but using Murphy's Law.

Makes you wonder about the Critics Huh?

Analysis of SP Trades in Forbes Magazine

Year   Result
1999  + 5.90
2000  + 27.50 (2nd largest profit ever)
2001  + 25.70
2002  -11.20
2003  - 37.90
2004  + 9.20
2005  + 8.20
2006  - 9.90

Net gain 17.5 points (check the maths in dollars)

Cost of one year forbes magazine today $29.99

Profits from these trades enough to buy over 387 annual subscriptions!.