its hard to bad mouth a friendly guy so let me put it this way, Greg is 35% trader and 100% salesman. Most of the time his trades were scratch trades sure you don't lose money but making money for living as his claim? oh please!
Quite a few years ago. I have been (bought and paid) to most of them out there...at least most of what was out there 5 or more years ago.
TTZ is and remains more hype than anything else. You are given a lot of reading material, setup tools, a dvd course, and everything is triple secure against the boogie man. First - there are no secrets in trading. Keeping something very private does not mean it works better than something else. Also, having a private cheering crowd with all kinds of secret hidden names and signal words to make it sound very mysterious does not make anything work better.
So, save your money. Everything taught at TTZ can be found in this blog or anywhere on the internet....for free. Lately I have noticed that TTZ is adopting a shotgun approach...now a scalper,,,now an auto trader,,,now an auto trading system...geez ...whats next?
What most traders need is a mentor, a trading buddy, someone who has gone down the road ahead of you and can help as a guide. All the rooms and all the courses will not do what you have to do for yourself. The way to learn to trade is to trade. Study the many methods and approaches offered here, then pick something that strikes your fancy and start there.
Realistically...give it a few years minimum. Practice all your setups, money management, and get a consistent approach to the market going in sim. Once you have your stuff down, test it in strict sim - take an 'ACID TEST" and see how you do. If you pass...then start small and slow with reasonable daily gains. You are going for consistency first. Consistently wrong can be fixed. Erratic spontaneous impulsive approaches to trading cannot be fixed.
Yes, I am a member, although havn't been around the room for some time. There is stuff to be learned there for sure. They use Market Profile in a certain way, and they have a weekly live lesson session where you can ask questions. Greg gives a running commentry on the market so your learning bits of stuff all day long, however as there where guests in the room demoing it, you where never really allowed to ask any questions about their strategy during a trading sessions, if you did, the Greg would get very cranky ... and boy he can really go off !
I was told when I was thinking of signing up that they had an 80% win ratio backtest on their strategies (by Gator), but not backed up with any data and the trades arn't tracked by any of the common tracking systems unfortunately, nor is there a clear daily results report, although he does upload his charts each day.
In any case Greg does seem to know the market and I saw him make alot of money, althought that was right throughout the peak of the GFC when the market was going completely crazy ... it was an exciting time to be there. Things may be more difficult in the current market.
To sum up though, there are some real scams out there, I wouldn't call TTZ one.
btw I have also been getting emails from them lately mentioning some new trading setups. Personally now I am slightly wiser, I wouldn't try anything that hasn't been backtested, and hopefully has some live history .. so perhaps requests some results data from them, either backtests, live or both.
I have been a member of the tyrading zone for 3 years. They are a good group of people with a solid method. They trade real money and the training on their method is good. Questions are never a problem.
Questions are a problem if they are about the TTZ methods. I know as I have been told off by Greg for asking a simple question about one of their setups in the room and I have seem him really go off at others.
Maybe that's changed now, but that's how it was when I was there. There are people demoing the room, and he dosn't want to give away the method to those users.
That was my main gripe with them along with the lack of trading history.
The following user says Thank You to webart for this post:
I am not in the room regularly, but I will say that Greg prefers to answer direct questions in his training classes. It is there that he excels. I have bought a lot of courses but TTZ after trading classes were very good for a new trader. You have to remember these people make part of their living training. Would you give away everything during a demo? I agree with you however that always being in demo mode is annoying after you after learned how to trade. TTZ did help me to trade where others failed. I can say nothing bad about them.
The following user says Thank You to evroom1 for this post:
Yes, agree, I would always write down questions for the weekly training session. It's just that sometimes I would have loved to just ask a quick question in the room at the time to clarify something.
No, I wouldn't give away the system to the demo guys either, so not sure what the solution is really.
It's the best course I have taken, I learned alot there.
The following user says Thank You to webart for this post:
I have been in the trading zone trade room for 3 days on a free trial and have been impressed so far with what I have seen and heard from the moderators.
I would like to get some feedback from anyone who has purchased the course.
How is the course?
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