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DTI with Tom Busby (www.dtitrader.com)


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DTI with Tom Busby (www.dtitrader.com)

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  #1 (permalink)
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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?

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I used to recomm newbie to go to DTI but no more they are too commercial now, the last 2 'live trading' demos showed no trade, not a surprise there they were held during lunch time and the buy/sell bracket was huge so the 'trainer' had a plenty of time to promote DTI without having to put the trade on. Was that done on purpose? I don't know, caveat emptor.

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I took a DTI course many years ago.......I have mixed feelings........nice people BUT.......they are constantly selling.....software, another course,etc,etc.it never ends.......they really want your money.......that gets old pretty fast.

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Jeff Castille View Post
I took a DTI course many years ago.......I have mixed feelings........nice people BUT.......they are constantly selling.....software, another course,etc,etc.it never ends.......they really want your money.......that gets old pretty fast.

Jeff

Thank you for your reply. Would you think DTI was worth your money? Taking selling part out do you think DTI delivered what they were telling you they would?

Thank you

TickVix/Gregory

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tickvix View Post
Jeff

Thank you for your reply. Would you think DTI was worth your money? Taking selling part out do you think DTI delivered what they were telling you they would?

Thank you

TickVix/Gregory

If you have never had any exposure to trading and need to learn from the very beginning.......then I think DTI is probably as good as any school out there. The courses are given at their school in Mobile Alabama.....this is a week long process. ( depending on which course you take) Once you are a student you are a student for life......you can call them any time with questions. DTI taught me the importance of "time of day" , good money management and to avoid over trading. Tom uses 30 minute charts and relies on market correlation heavily.......no indicators.... support and resistance.

If you have had no education then the price of tuition could easily be lost in the market in a very short time. One of Toms' favorite sayings is " taking money from the uneducated." Don't be one of the uneducated. It's nice to be taught in a systematic way........just remember......when it's all said and done......you teach yourself......and that means countless hours of screen time and years of trading experience. There is no short cut. Don't expect miracles because you took a class or two at DTI......you have to do the work.

Jeff

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Jeff Castille View Post
If you have never had any exposure to trading and need to learn from the very beginning.......then I think DTI is probably as good as any school out there....

Jeff

if you are a newbie then I recomm Trading Authority over DTI.

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  #8 (permalink)
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I spent a year or so with DTI and about 10.000 dollars. I came away with the following opinion of DTI.

Their beginning course is around 2500 and their advanced course is around 7500 and they are almost
the same.
DTI'S method works best in a strong bull Market.
Tom Busby does not teach well. In fact in his subscription green room no discussion is allowed.
Tom Busby is a show boater and akin to the likes of a Barnum and Bailey circus ringmaster . His signature trade
takes place right at the Fed announcement to the audience of hundreds of new traders who do not
know any better.
Tom gets aggravated and pissed off constantly when working with his students. He goes on and on
about his winning trades but rarely does he address his losing trades . He does do some technical analysis
but Toms stops are wide. I once saw him recommend a Dax Trade with a 20 point stop in a choppy
market and offered no analysis after his stop was hit. His trades are not precision and risk reward is back wards. They used to post a trade calender but the last time I looked it was taken down the only reason I
could see was they were losing.
I would suggest you start somewhere else other than DTI so you can get well grounded in good technical and
fundamental analysis with appropriate stops for market conditions. To get familiar with the Market with DTI
and then have to unlearn their procedures for current market conditions could be very expensive.

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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

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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

You will never know if it is sim either, you can't see the bottom of the DOM to tell.

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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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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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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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Billy Mays ( https://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...

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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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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 didn´t 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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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.

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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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Abde View Post
Gregory,

I didn´t 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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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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This a marketing company, thats why their master minds are in television so often. Today i've joined the free webinar but was bored after minutes and asked why he isn't at the golf course yet. He claims to the listeners that he has condensed price levels (no round numbers) at the FDAX at which he is selling or buying with profit (without any other relation). If they hadn't muted me and finally logged me off i had done this a couple af minutes later. I only was curious what further jokes would come.

Big Mike is an excellent resource to learn trading at your own pace without spending any money. Use this and stay away from DTI.

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Their site and email spam ads have so many "affliate" cross promotion of other vendors, and special offers constantly. I stayed on their spam email list for fun to see how much junk I would get, and my email now has literally hundreds from almost daily "offers".

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  #23 (permalink)
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I first heard of Tom Busby through his books, which I actually enjoyed and learned some good things from. I gravitated to DTI, attended webinars and signed up for his entry-level class and his DAX class. This was 3 or 4 years ago. But then a subtle change began. DTI began hiring new people, and the company started marketing new classes. The webinars soon went from providing good information to basically being infomercials.

The final straw, for me, was when I paid to go to one of their classes held in Las Vegas. A lot of the class was actually pretty good, and I did get a few ideas that made some money. However, during the class, Tom had said he wanted to speak privately with each member, implying that this would be a chance to give some 1-on-1 time. Wow! So after reading his books, paying tuition for classes, etc., this was a chance to speak about my personal trading and maybe get some individual advice. I walk into the room (a salesman right besides me), and Tom barely glances up from his iPad (I guess trading or whatever was more important than his customers). I actually felt like I was intruding on him. He asks me how I'm doing with my trading, and I tell him some of my experiences. Then he looks at the salesman, spits out a list of 3 or 4 classes that I should sign up for, then goes back to his iPad.

Needless to say, the biggest lesson I learned from that course was the importance of relying on myself. Education has always been important to me. But I am much more discriminating now. I saw the man behind the curtain, if you will.

I'm still on their mailing list, and still listen in on their webinars maybe 2-3 times per year. But since that class in Las Vegas, I've never been able to sit through the entire webinar. Within the first 5-10 minutes, the "great opportunity to sign up" for such and such class begins. I get that they need to make money to pay for their "free" webinars, and don't begrudge that. But when the ratio of selling to knowledge is 80-20 in favor of selling... well, that "free" webinar just becomes too expensive with my time. And I shut my browser down.

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A shiort search including some of the older trading forums will show old tom has been scamming for ages. some things never change... All of his info is readily available for free and mostly targeted at those who need hand holding.

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I am a current subscriber to DTI. I have to say be wary of spending money with these guys. If you happen to be in a product with Tom Busby, be prepared to spend 3/4 of the time listening to Tom explain what a brillian trader he is, along with occasionally telling you what trading was like 30 years ago.

The futures room is not too bad, because Tom rarely visits that room. The other products are very expensive and of questionable value.

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There's even an actual building photo which says "teaching the art of trading". Their marketing must have been quiet lucrative. A few years ago when I attended one of their ad webinars, I was soon called after on my phone# by some salesperson wanting to sell some package or whatever. I never try to give out phone numbers again on attending these kinds of webinars. I'm thinking DTI is heavily marketed on all the trading media like "moneyshow" so they get plenty of new business that they don't even have to post on investimonials..

"I felt like a fish with a hook in its mouth!"

https://www.dtitrader.com/wp-content/uploads/2015/06/trading.jpg

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Cloudy View Post
There's even an actual building photo which says "teaching the art of trading".

https://www.dtitrader.com/wp-content/uploads/2015/06/trading.jpg

Looking at that picture, my Photoshop-meter is off the charts

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Looking at that picture, my Photoshop-meter is off the charts

Agreed - going by the shadows, I'd say it was only mid-day....

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xplorer View Post
Looking at that picture, my Photoshop-meter is off the charts

have faith, the building is there

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cory View Post
have faith, the building is there

Wow, surprised, but I stand corrected nevertheless.

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My experience with Tom Busby was so horrible I don't even want to bring up all those feelings again and type it out for you guys. He knows very little if anything about the traders probability mind. Went to one of his seminars here in Chicago and visited the CME with them too. I will say his son the one that works with him, cant remember his name right now, seems like a honest guy nice person runs Traders Pub I think its called. Tom got mad at students during the seminar because they were questioning him about his ridiculous trading idea he was teaching (if you can call it teaching). Then he meet with each one of us privately and had an assistant with him too. All he did was pitch me his metals trading course and basically promised me I would be able to make back the cost of the course by following his trades....wow no thanks Tom.... at the time I was in John Carter's trade room (at least Carter can actually trade IMHO) so I told him I was currently in John's room and he could only just stare at me. Seminar was a joke but did meets a few people worth it I guess other students I had a short skype relationship with. It was pretty expensive but don't remember how much any more but it was is the https://www.omnihotels.com/hotels/chicago which is not cheap! I also took a class with DTI. Nothing you cant learn on your own from any number of books or google.

I need to stop thinking about it or I won't be able to sleep tonight. YES ITS THAT BAD!!!!!!!! I could say much much more but will not. And honestly I'm better for it now because I know all I need is me and my solid business acumen.

Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #32 (permalink)
Legendary Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
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Ron - 100% agree.

Their sales pitch is excellent and it is the only thing they rely on to keep the hamster wheel turning and the income flowing in. Tom Busby trades (as far as I can see) with nothing but guesses. He has zero clue about how trading works, but it all sounds so impressive to a new trader. Any losing trade is quickly swept under the carpet and the record keeping is abysmal.

Their trading is some of the worst I have ever seen. One of the “traders” Jeanette Sims however intrigued me. She claimed to be a trader but quite frankly she didn’t have a clue. She always sounded so convincing and knowledgeable but something just didn’t fit.

One time she was moderating the “trading room” (by trading room I mean “a chat room sales pitch”). I always record my screen and one day during “live” trading I could have sworn I heard the haunting NinjaTrader voice very faintly in the background. So faintly that it could have been easily missed. I am a musician so I like to think my ears have a good depth, so I rewound the tape so to speak, did some filtering and low and behold I was right.

This happened a few times and so I mentioned it one day in the chat room and her reply was “…you can hear that?”. The moral of course being whenever a trade (SIM more than likely) went in her favour it would be lauded about “did you get that, we mentioned the strong break out earlier”. But the “STOP FILLED” didn’t get any response. Strange that.

DTI is nothing but a sales pitch hoping to up sell you at every opportunity.

Just for fun I looked up Jeanette on LinkedIn. Low and behold her background is business development. Funny that.

https://www.linkedin.com/in/jeanette-sims-b84b821?authType=NAME_SEARCH&authToken...2CauthType%3ANAME_SEARCH

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- Trade what you see. Invest in what you believe -
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Differdange, Luxembourg
 
Experience: Intermediate
Platform: MT4, MarketDelta,NinjaTrader
Trading: 6E,6B,EURUSD,GBPUSD,JPYUSD
 
Posts: 3 since Apr 2013
Thanks: 2 given, 2 received

Hi! Wanna say Thank you, you just saved another 1000$ for me

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