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Has anyone ever heard of Felton Trading? (www.feltontrading.com)

  #216 (permalink)

Victoria, TX
 
Trading Experience: Master
Platform: NinjaTrader
Broker/Data: Mirus Futrues, Zen-Fire, IQFeed, Kinetick
Favorite Futures: 6E, CL, GC
 
rogerf's Avatar
 
Posts: 132 since Apr 2010


exiledgoblin View Post
Seems everyone missed the point of my questions. I'll try to be clearer.

I assume that there are no magic indicators. I assume that much of the success of the Felton Trading room is about Roger Felton (I clearly said as much). So I asked questions precisely to see if its possible to determine a) just how much is attributable to the driver of the car (to use Roger's analogy) and how much to the car (DivergencePro software) and more to the point b) how likely is it that a serious dedicated student can learn what Roger knows and is trying to pass on to his students. The point of all this is to assess the connection between trading education and trading success.

Having been a college professor for many years I can say that if most of my students failed to attain appropriate levels of knowledge after being in my courses and I insisted that the failure was always with the students because they are lazy and lacking dedication or motivation I would have been fired from my job.

So my question remains: how many of Roger's students graduate into successful traders? If the answer is "very few" the the inescapable conclusion seems to be that Roger's program is a lottery. The message seems to be as follows: The indicators might help. You might pick up enough skill from Roger but most likely you will not. If you don't its not the car (indicators) and its not the driving instructor (Roger). Its you." If its true that its highly improbable (by actual historical stats) that you will successfully learn to trade then in my view honesty should compel us to make that clear up front. If we know that the odds are that people are wasting money and time buying services from us then we should make sure that they know that they are playing a lottery.

Caveat emptor!!


You are correct, there are no "magic" indicators yet that seems to be what the majority of traders seek. I am always upfront and honest about me and what I do. I teach traders how to trade the system I personally use.

If you think the success of the trading room is about me, that clearly shows you've never been in the room or paid attention to the student chat.

As a former college professor, I'm intrigued that students who sign up for your class...who have no desire to learn...who refuse to study...who won't do the work or complete assignments....students who won't let you help them even though you make yourself available during most afternoon, evenings, weekends and holidays and (surprise!) fail your course, their failure is all your fault?? You would be fired if you stated otherwise? That's an incredible statement.

Ok, so we're fair, I need for you to give me the exact percentage of your students who took your course and went out into the work world and became a success. I would submit that you have no way of determining that nor does any other professor I know of. Do you see the ridiculousness of what you are asking?

I not only teach my trading method inside and out, I teach traders everything I know about trading. I consider that to be my solemn duty. They know exactly what I look for, why I look for it and what I do once I act on it. I verbalize my every thought during every moment I'm in a trade. I withhold nothing. There are no secrets.

But learning is work...and lots of it. Magic indicator seekers aren't going to buckle down and do the work until they realize that their fantasy quest is futile. I've had students who "failed" and then tried again...and again...and then finally got it. Not because the system was complicated to learn, but because they didn't have the discipline to trade successfully. When I would go over their trades with them, I didn't have to point out their mistakes to them, they'd point them out to me. They knew exactly what to do and their fear prevented them from doing it. They were allowing that fear to sabotage their success.

You seem to assume that traders who failed did so because they didn't receive the knowledge they needed to succeed. That perhaps I was teaching a methodology that only I could understand and follow. I suggest that you come in to the trading room and present that question to the students. I think their answers might surprise you.

I don't make students send in reports to me or copies of their trading statements. I tell them to be sure and let me know if they have any problem whatsoever. That's all I can do. I can tell you that, in my opinion, more students fail, at least initially, than succeed. Most traders are also unwilling to do the hard work necessary. I contend there's a connection. I can give the knowledge but I can't force anyone to learn it. If you're looking for an easy ride, this isn't it. We're more comprehensive with more depth than any other course I know of.

So I think the more appropriate question would be, "Of the serious traders who have the passion to work hard, attend the trainings, ask for help and not give up, how many succeed?" The answer would be easy...nearly all of them. Unlike college, trading is a course where you either get an "A" or an "F". There's nothing in between. I don't make the rules, the market does.


Last edited by rogerf; November 29th, 2011 at 11:22 PM.
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