From: jeffrey E. [jeevacation@gmail.com] Sent: 7/13/2018 11:11:16 AM To: Paul Barrett iS ; Richard Kahn
Importance: — High
Im not angry , sorry, itis sad. it is apparent that you have no experience trading. we both made a
mistake. . the spy trades were the results of a rank amatuer.. youtook a postion on the direction of the
market. ok. you decided to play it extra short time and short. . why? becaue the options are cheaper.
? knowing full well that time premium was running. . first silly move. . I allowed as promised to give you
authority. . you seta target. . it hit the traget, you moved in back. based on media reporting on trump
visit? you didnt act. the market dipped and you panicked. . AMATEUR. wrong options wrong timing ,
no discipline and as a percentaage of investment. a one day dip fof 25%. wanting to buy the highter strike , is
ok. but why the same month? why the same moment. why the same index. . sorry. I have taught this for
many years. and your grade isanF. notone goodmoveinmany. . re broadcom. the crack happend in
the morning. options were higher. no alternative presented. no analysis. , this is no way to manage
money. I have lost a great deal of money hoping you would be able to do as you promised you could . would. Had you told me , jeffrey Id like to try a new job as a manager lets start slow I can learn. i would be
less annoyed. you told me you had great confidence knew the risks and truly believed you would be able to
raise money .do well and prosper. . If it were not you, this would have ended months ago.. we should
work on a solution . not sure yet what shape it takes.
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