I'm curious if anyone here has done a Market Profile course offered by Mark Stone which he calls the PiVVot Trading method. He claims to average 3-10 points per trade on the ES. He previously ran a blog under the name of "Jeff Stone". The last time his course was offered earlier this year the fee was about $3000. I haven't been able to find any testimonials.
Can you help answer these questions from other members on futures io?
What gets me is how they act like this is a new discovery..it's not. I also don't like all the hype going on, kind of a red flag to me. If they have some kind of free trial thing go ahead and take it for a test drive. If they don't just walk away,there are a number of other places that are not so sales oriented. You could give these guys a try (free trial),
I have had experience with him and have high regard for his operation. Market Profile, Auction Market Theory, Futures Trading, Next Generation
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I trade a couple different approaches but like to split up my day with webinars and such.
He has a 3 hour+ free webinar on November 3rd.
His free intro webinars are extremely lucid. Proof is in the pudding. The rub is, that his extened free webinars (last one was 100+minutes) and then (below) are indeed a sales pitch (isn't everything in life)...
My guess is the same ol same ol of 2-3K in one or 3 installments and then $600.00 per month to join him in the room.
Typical risk is 1-2.5pts per trade with him; he scales in 1 time if necessary and does add to his base '1 position' after peeling off @some profits as price moves back into his zone for buying. He does use extended targets.
For me to pay that kind of money I would need to watch someone day after day for at least 20 trading days; after 10 days of constant success I would trade 1-2 contracts and would need to avg. $200-300 net net per day to then pay him alot of money.
I would need to not see ANY non-congruencies in the trading room nor in his approach or anything; I would require a MACHINE.
The thing is, one will get a 'taste' and then have to buy the whole cow; nope, I don't do that.
As I wrote, I trade a few nice trading methods intraday (one I developed off of Big Mike & one from a vendor)--but I do like to see what the vendors have to sell (keeps things interesting).
Odercin sends out the hyped out emails on his mailing list for his former student Stone with provocative title and then gives the email recipient the usual 1-3 pages of sales copy.
Like a poster mentioned, Stone's old blog stopped posting in April '11. Stone says because he was so busy with his 'students' is why he stopped the blog. Most likely his blog was started a bit before he and John tag-teamed for a nice 100-200K for students the 1st time around.
I am sure that Stone hooked up with Odercin in order to make premium bucks (and I guess most regular people would, if being a vendor was their MAIN source of income)? Though MANY reputable vendors are much less expensive.
I am sure ALL of John Odercin's products are very expensive.
Stone would have to offer full access for a month where one could clearly LEARN and also place good trades for me to have any more than a passing interest.
Though, he is not looking for an experienced trader to sign up for 2-3K upfront and then $400-600 per month to be in his room.
Let him prove me wrong.
peace
Hedvig/researcher247
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