THE PATTERN TRADER LLC
DELRAY BEACH, FLORIDA

I was a high flyer. I just took my first company public. Now I was heading to jail because of insider trading. It 1990 and I was living in New York. I had just completed a public offering for a Company I had founded a few years ago. Also at the time, Gregg was the owner of Futures Link, a small commodity firm in Beverly Hills. Little did I know that it was code for “I’m doing something illegal and you are too much of a straight shooter”. Naturally, I kept asking Gregg questions about this company, because he wouldn’t shut up about it. So I began asking Gregg some innocuous questions; “what industry was the company in? (He said it was a hotel company), ” where was it listed?” (On the New York Stock Exchange), “what was the price?” ($14.00), “what is the dividend yield” (it was 9%). This was a rare find. A huge 9% yield in such a reliable and stable company. Everything lined up. Once I finished my analysis of the Motel 6 stock I decided that we should straddle the trade. I had no inside information on the company whatsoever. So we agreed to buy the call option at $17 and sell it at $20. That meant we had no upside beyond $20. What I did not know (until it was revealed in my SEC disposition), was that Ezra had received a call from Gregg telling him there would be an announcement, the very next day, that Motel 6 would be acquired by the French company Accor. (In a June 5, 2002, Gregg sent the SEC a notarized letter confirming that he had lied). AND I had to provide for him. I needed to afford all the things we would require in later life. I had regular contact with the CEO of FXCM, I was in talks with the owner of ForexPeaceArmy about doing a joint venture. It was an overnight disaster that I couldn’t recover from. I kept making mistakes. I didn’t sleep. They were all infatuated by ‘EAs’ (trading robots) and $47 ‘internet money making trading products’ that were junk. products HOW CAN WE HELP? Let us help you to get started on the right path without any hype, big promises or "magic systems" Let us help you to progress by teaching you the key fundamentals that we use to win an average of 4 big trades per month