Has anyone ever heard of Felton Trading? (www.feltontrading.com) | Trading Reviews and Vendors


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

  #26 (permalink)

Bala, PA, USA
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,319 received

If you cannot trade a real account live in the room, or even trade a sim account in the room so people actually see you trade your method, then you should not be teaching it, it's a scam! It's easy to show an awesome track record that is hypothetical, where none of the trades on that track record were actually taken live. If the trade was not taken in the room for everyone to see live, then it cannot go on a track record. At the end of the day, when I review my charts I always have a 90%+ win rate!!! Sure, when all the bars are in front you, every setup is crystal clear, but when it comes to trading the hard right edge things look very different. That's why you cannot rely on hypothetical track records that are built by scanning a chart and marking up all the potential trades that could have been taken for that day after the trading day is already over. The worst is, some of these trading firms don't even bother to give you a hypothetical track record.

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