Educational Trading Programs

No...just a happy user of the method. I thought all the VSA stuff everywhere was tradeguider spam??? LOL!

When I use or learn something that helps me a lot, I will definitely pass it on to others....btw, I am NOT the author of the book, "Law of Attraction" which I have mentioned in several threads here too....so no spam from me, just passion for trading and what works!


...and felton does not do what TI does (plus they are going to have realtime automated indications for all trade signals as a part of the indicators tools...TI does not have this at all).

[brownsfan019]

	Quote:	Fulcrum
	No...just a happy user of the method. I thought all the VSA stuff everywhere was tradeguider spam??? LOL! When I use or learn something that helps me a lot, I will definitely pass it on to others....btw, I am NOT the author of the book, "Law of Attraction" which I have mentioned in several threads here too....so no spam from me, just passion for trading and what works! ...and felton does not do what TI does (plus they are going to have realtime automated indications for all trade signals as a part of the indicators tools...TI does not have this at all).

Like I said, you can say that Felton, who was a TI employee and teacher there, has different stuff but it's the same junk in a new shiny box.

Are you also over at ET trying to help others?
http://www.elitetrader.com/vb/showth...6&pagenumber=4

I guess Felton has the newbies out there pushing his divergence trading system.

Allow me to ask this - does Roger trade with real money or does he still trade just on a simulator?

Yes Roger trades with real money and puts his DOM up at times when I am in the room...I was in the room today for a little while and he did. I have been trading futures for almost 9 years now (full time since 2002) and I do not find anything wrong with what Roger is doing....seems like a very good guy to me.

Also, TI sued him after he left and it is my understanding that Roger won the lawsuit (court found Roger was using a different method), so my hat is off to him for beating that outfit.

[trader273]

	Quote:	Fulcrum
	No...just a happy user of the method. I thought all the VSA stuff everywhere was tradeguider spam??? LOL!

Difference is that people can learn from what people are talking about without having to purchase with anything. TI, Felton or any other crap like that with "secret" and "proprietary" indicators, people that dont pay for the "ultra-secret--ultra-profitable" settings are left in the dark. So saying "I use felton trading", helps no one. However, when people say i use VSA and here is my chart and here is how you can set it up, helps people.

Ask yourself this question- If felton or TI was really that good, why not just trade it for yourself. Set up a CTA, charge 20%-30% performance fee and you can be a millionaire. It makes no sense to set up an "Educational" service and make peanuts of what you can with a profitable CTA. I raise this question with all vendors and never get a straight answer. It is always, "well we just like to help people", which is a bunch of crap. Trading is one of the most cut-throat businesses out there.

So unless you post the felton indicators in the coding forum, it helps no one. So either post the indicators or stop talking about felton (unless he wants to become a paid sponsor-- im sure james would be interested then)

I do not assume that everyone is dumb enough to go run out and buy everything they first here about...you know give traders some credit that they do their own due diligence first for whatever method they are looking at (like the VSA tradeguider product). Traders are pretty sharp imo and they should invite a competition of ideas and methods....one dimensional exposure is harmful to trading longevity. Your limiting beliefs and negative assumptions will reduce your potential for success...that is a losing mentality to operate from in trading.

[brownsfan019]

	Quote:	Fulcrum
	I do not assume that everyone is dumb enough to go run out and buy everything they first here about...you know give traders some credit that they do their own due diligence first for whatever method they are looking at (like the VSA tradeguider product). Traders are pretty sharp imo and they should invite a competition of ideas and methods....one dimensional exposure is harmful to trading longevity. Your limiting beliefs and negative assumptions will reduce your potential for success...that is a losing mentality to operate from in trading.

I think the point Fulcrum was that to blindly follow ANY system where you have NO IDEA how things are being constructed is a TERRIBLE way to try to trade. To rely 100% on a person, such as Roger that has a history of up and leaving (see TI and that other place he went to afterwards), is a recipe for disaster.

Point being that any trader that is serious about trading and making it, should avoid sites like Felton's at all costs. There's no benefit to joining a service where you are 100% dependent on one person and their magical indicators (which you can get for free anyways). Eventually, Roger will leave. That's what he does. One day, all that magical stuff will be gone. Then what?

And there within lies the problem with these type of sites... Once someone leaves, you have to hope they come back sooner or later. And until then, good luck!

	Quote:	brownsfan019
	I think the point Fulcrum was that to blindly follow ANY system where you have NO IDEA how things are being constructed is a TERRIBLE way to try to trade. To rely 100% on a person, such as Roger that has a history of up and leaving (see TI and that other place he went to afterwards), is a recipe for disaster. Point being that any trader that is serious about trading and making it, should avoid sites like Felton's at all costs. There's no benefit to joining a service where you are 100% dependent on one person and their magical indicators (which you can get for free anyways). Eventually, Roger will leave. That's what he does. One day, all that magical stuff will be gone. Then what? And there within lies the problem with these type of sites... Once someone leaves, you have to hope they come back sooner or later. And until then, good luck!

This post shows me that you are not at all aware of how Roger runs his room or trading education with Felton Trading. After two to four weeks learning the method, a person needs nothing from Roger to continue on their own...no indicator fees or required chatroom costs. You can go solo and trade without dependancy....now that is the right way to do things imo. But I can understand where you are coming from...I have seen these mentalities before...oh well.

[steve46]

In my opinion, the primary problem for folks trying to learn this business is as follows;

First, anyone with a few dollars can decide that they "want to learn to trade". They assume that because they want to trade, that in time they can learn. Further, they assume that they have the apptitude and the background necessary to obtain success. Finally they assume that they can find a successful method relatively quickly and go on to make a lot of money.

This, in a nutshell is what most if not all of you "believe" as you begin the process.

If as you read this, you find yourself angry or impatient...this might be a clue that you are proceeding without benefit of the kind of soul searching that most of us are forced to do at some point. The real questions are..."What do I need to succeed in this business?".....What is the most direct way to proceed?"...."How can I find a mentor who, instead of just taking my money, will advise me honestly, even though I might not want to hear what he/she has to say?".......

Think about it for a bit..most "beginners" don't need a chatroom, or what passes for a mentor today. What you really need is a way to evaluate where you stand. Someone who would help you in a dispassionate way, to see your strengths and weaknesses, and provide effective direction. Ultimately you need someone willing to take a personal interest in you, and that is very hard to find.

Frankly, none of the alternatives in the original post qualify. Sorry to have to put it this way, but that is what I believe at this point in time.

Steve

[trader273]

	Quote:	trader273
	Ask yourself this question- If felton or TI was really that good, why not just trade it for yourself. Set up a CTA, charge 20%-30% performance fee and you can be a millionaire. It makes no sense to set up an "Educational" service and make peanuts of what you can with a profitable CTA. I raise this question with all vendors and never get a straight answer. It is always, "well we just like to help people", which is a bunch of crap. Trading is one of the most cut-throat businesses out there.

You must have missed this accidentally. So go ahead and post a response, because I would love to hear it.

	Quote:	trader273
	You must have missed this accidentally. So go ahead and post a response, because I would love to hear it.

Yes felton does trade funds as a company but they do not trade for others.
I also would not ever want to trade funds for someone else...you don't have to in futures as the dynamic growth of successful systems earn excellent yearly returns without having any regulatory responsibilities (one of my systems is being traded by a CTA but I sold the method to them...I did not want to get involved with the fund).