Day Trade to Win's Atlas Line (daytradetowin.com) | Trading Reviews and Vendors


futures.io - futures trading strategies, market news, trading charts and platforms


Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

Day Trade to Win's Atlas Line (daytradetowin.com)

  #77 (permalink)

USA
 
 
Posts: 3 since Aug 2010
Thanks: 0 given, 1 received

First, I want to preface this by saying this is NOT a post to bash anyone. It’s just my personal experience and opinion with DTW and John Paul. Yours may vary.

I have been trying to make the DTW methodologies work for me for more than a year now (don't laugh).

To begin with, I, like so many other frustrated traders, was attracted to DTW because of its simplicity. It seems like most DTW clients stumble upon the DTW website because they are newbs or they had purchased one of the many day trading scam systems on the Internet and were not having the success they thought they’d have. The DTW methods are very easy to understand and follow, making them ideal for less experienced traders looking for a system. At only $600 and a money back guarantee, they figure, “What do I have to lose?” If they purchase and begin using the ATO method during a good week or month, they say to themselves, “This is what I’ve been looking for.” They may even post their feedback or video on the DTW website saying how great the system is. Many of the testimonials used on the DTW website are from traders who had purchased the system and had instant success with it. Then, inevitably, the worm turns and they have a bad few weeks or months. Those 5/6 point stop outs really begin to add up and decimate their accounts!! Especially when they happen twice in one day. Like last week, Aug 4th and 6th. Brutal.

My theory is that many traders simply give up and decide to move on to look for another methodology. I assume that’s why there are very few (if any) posts on the DTW site forum from anyone who has been trading these methods successfully for more than a year. I’m NOT saying it can’t be done, but you need to be trading a heck of a lot more than 2 or 3 contracts to make a living using the ATO method. JP trades 20 contracts. But he can afford to. The DTW website says that it has sold “thousands” of ATO courses. Do the math people! We are talking millionaire here. God bless America!!

Add to that the $180,000 (300 courses @ $600 per course) he took in from the sale of his Trade Scalper course he offered for the first time a few months ago, and the $1,800 a pop Atlas Line he sells and you can see why JP can more than afford to trade 20 contracts. Heck, he can trade zero contracts and still make more money in one year than most of us combined will make. Can you afford to trade even 10 contracts?

JP offers a mentorship program for the bargan basement price of only $6,000 (used to be 8 grand I believe). I have no experience with this so I can't comment on it. I do know that he provides you with a laptop pre-loaded with all his price action indicators including the AL. I believe the program lasts aboout 6 weeks during which time you will meet with him over the phone for one hour 3 times each weeek. That breaks down to $333/hr he is charging. Sounds like a lot of money to me but I have no idea what other mentors charge so again I can't comment on it.

I’ve had minimal, sporadic success at best using ATO. I am not a 100% believer in his Chase the Trade method. I’ve actually had some success using the original scalping method that also comes with the ATO eBook and have had limited success using the Trade Scalper and X5 trading methods both of which he just released (as stated above) a few months ago. Yes, I've dished out some coin to John Paul. Anyone laughing yet?

What about the Atlas Line you may ask. The jury is still out on that one but I'm reserving total judgement until I've used it for a few more months. The one thing I have found ironic about it is this; If you plot a line in the opposite direction to the AL using the same degree of angle, you can come up with a similar (albeit opposite) narrative. “Price crossed here and continued in that direction,” “price bounced off the line here,” etc. Try it and come up with your own narrative. Then again, maybe I just have too much time on my hands. LOL

Posting his daily ATO results with his exact entries, exits, stops, and re-entry prices would go very long way in convincing those of us who have bought (literally) into his methods that he is legit. Otherwise, it just looks like window dressing. He stopped posting his results on the DTW website a few months ago because he had been getting too much heat from disgruntled customers who realized he was skewing the results as other posters have mentioned. He also recently began filtering people's posts on the DTW site forum which is a HUGE red flag in my book.

If you have any specific questions, I'd be happy to answer them.

Best of luck to everyone


Reply With Quote