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DTI with Tom Busby (www.dtitrader.com)
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DTI with Tom Busby (www.dtitrader.com)

  #11 (permalink)
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Rayzor View Post
You will never know if it is sim either, you can't see the bottom of the DOM to tell.

Wouldn't matter even if you could - the account # and color scheme can be easily faked, and still wouldn't matter even then, because of another hundred things someone can do if they really want to deceive you...

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  #12 (permalink)
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markw View Post
This past Monday I attended a free DTI webinar on trading Crude Oil. The host was Tom Busby who said he had traded oil that day and made $3100 and showed a snap shot of his dome. Tom said it was not sim

So what else did you come away with from the webinar besides a screen capture of a DOM?

Did they tell you anything besides how much they charge to teach you their secret stuff?

Did they take any live trades while you were watching?

If they are that good at trading , why teach seminars. Why not just trade more contracts? Seems like a lot of hard work for less money ... unless of course they busted their account and teach seminars to raise new capital.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #13 (permalink)
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If I am Tom Busby and I wanted my students and guests to believe I am trading live I would not post a dome in sim(slate blue) color mode. My live Ninja dome is white and I can't change it to slate blue(and why would I). TMFT what I learned from this
webinar if there is BS leave and that is what I did.



Mark

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  #14 (permalink)
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Billy Mays ( http://en.wikipedia.org/wiki/Billy_Mays ) could have taken a lesson from these guys!!!!
Attended their morning infomercial, they call live trading,, lots of hype lip service trades, but no real trades...


Last edited by gg80108; September 1st, 2011 at 11:18 AM.
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  #15 (permalink)
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Big Mike View Post
Wouldn't matter even if you could - the account # and color scheme can be easily faked, and still wouldn't matter even then, because of another hundred things someone can do if they really want to deceive you...

Mike


actually - the background on that DOM is the default for a SIM account....

I think there is a way you can trade legit and show it.

With IBs TWS, it clearly shows if you are logged on as SIM - with the words "Sim Account" all over the place and it's NOT where your account number usually is.

So - in a video, you could show TWS and it would show live trades going in & out. I don't see how it could be faked on a video.

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  #16 (permalink)
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tickvix View Post
Any of you ever had any classes at DTI? What do you think? Was any good? Do you think it was worth of money they are charging?

Thank you
TickVix/Gregory

Gregory,

I didnīt took a TDI course but attended a few times their free Wednesday on the web introduction which is a pure sales pitch. When I asked unpleasing questions Tom Busby was becoming arrogant. My opinion is that they make a living out of their courses and not trading. And what will you learn from a man who lost his complete fortune in one trade? Think about it.

Abde

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  #17 (permalink)
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DionysusToast View Post

So - in a video, you could show TWS and it would show live trades going in & out. I don't see how it could be faked on a video.

Doesn't matter. If you want to deceive someone, million ways to do it. Here are a few off the top of my head:

1) Video shows you made huge money. But prior few days you lost bigger, not on video.
2) Video shows huge money and weekly gains. Statement posted showing huge profits. But another account exists hedging this one, taking opposite/reverse trades, which has huge losses that you don't see.

I'm just saying that "proof" of ones profitability does not exist. You could know the trader in person. You could see their home, their cars. Unless you are their accountant, you really don't know if they are profitable trading. Another possibility would be if you were their broker, and had reason to believe there was no hedge account elsewhere.

Obviously, scam artists will continue to scam. And the rest of us are just trying to trade, and of course some of us are quite successful at it but people will continue to question even the legit among us because it is hard for them to believe people can be successful trading. Goes both ways.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #18 (permalink)
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Stay Away!

Never pay a dollar for indicators and stay away from anyone trying to charge$$$ thousands. This guy Busby is strange. I personally asked him what his edge was and he couldn't answer. Again, stay away or watch your money disappear.

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  #19 (permalink)
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Abde View Post
Gregory,

I didnīt took a TDI course but attended a few times their free Wednesday on the web introduction which is a pure sales pitch. When I asked unpleasing questions Tom Busby was becoming arrogant. My opinion is that they make a living out of their courses and not trading. And what will you learn from a man who lost his complete fortune in one trade? Think about it.

Abde

Stopped in to check out the DTI open room webinar for Presidents day

I'm getting the impression (currently in webinar as I type) it is let me sell you this and Oh you want that? Reminds me of BetterTrades.com (yes they got me for about $3K or so.)

As mentioned earlier in this thread screen time is the best way to learn anything - there's no panacea.

++++++++++++

Gregory please elaborate on losing his fortune

Thanks

Bill

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  #20 (permalink)
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I had signed up for their free webinar. It was moderated staffed by Tom and his sons and some extended family and friends and of course it was about an invitation to attend another webinar and some free trial or something. Then the spam hit. I got like an email everyday from DTI. Even a phone call from some lady probably in the sales dept. Every email seemed like an ad for another webinar, or another 3rd party related webinar or seminar. (examples: "Market Volatility Summit, feb 23, 25", 3 different webinars on "WoW", 3 book pkg offered for $100 by Tom and Patsy. "psychology workshop for $999 /w Dr. Frank", etc. ) So it seems like besides the webinars each day there are bunch of other affiliates and their offers.

About the fortune. During the ad webinar I attended, Tom asked everyone what was the biggest they lost in one batch. Some people said $1000 this week, some said $10,000. Then Tom said he lost $400k sometime during the 80's. I forget if he mentioned it was during Black Monday 1987 or not.

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