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Anyone use Daytradetowin and their attempts to hide the truth


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Anyone use Daytradetowin and their attempts to hide the truth

  #31 (permalink)
bigkahuna
USA
 
Posts: 3 since Aug 2010
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First, I want to preface this by saying this is NOT a post to bash anyone. It’s just my personal experience and opinion with DTW and John Paul. Yours may vary.

I have been trying to make the DTW methodologies work for me for more than a year now (don't laugh).

To begin with, I, like so many other frustrated traders, was attracted to DTW because of its simplicity. It seems like most DTW clients stumble upon the DTW website because they are newbs or they had purchased one of the many day trading scam systems on the Internet and were not having the success they thought they’d have. The DTW methods are very easy to understand and follow, making them ideal for less experienced traders looking for a system. At only $600 and a money back guarantee, they figure, “What do I have to lose?” If they purchase and begin using the ATO method during a good week or month, they say to themselves, “This is what I’ve been looking for.” They may even post their feedback or video on the DTW website saying how great the system is. Many of the testimonials used on the DTW website are from traders who had purchased the system and had instant success with it. Then, inevitably, the worm turns and they have a bad few weeks or months. Those 5/6 point stop outs really begin to add up and decimate their accounts!! Especially the days when they happen more than once like Aug 4th and 6th. Ouch!

My theory is that many traders simply give up and decide to move on to look for another methodology. I assume that’s why there are no posts on the DTW site forum from anyone who has been trading these methods successfully for more than a year. I’m NOT saying it can’t be done, but you need to be trading a heck of a lot more than 2 or 3 contracts to make a living using the ATO method. JP trades 20 contracts. But he can afford to. The DTW website says that it has sold “thousands” of ATO courses. Do the math people! We are talking millionaire here. God bless America!!

Add to that the $180,000 (300 courses @ $600 per course) he took in from the sale of his Trade Scalper course he offered for the first time a few months ago, and the $1,800 a pop Atlas Line he sells and you can see why JP can more than afford to trade 20 contracts. Heck, he can trade zero contracts and still make more money in one year than most of us combined will make. Can you afford to trade even 10 contracts?

I’ve had minimal, sporadic success at best using ATO. I am not a 100% believer in the Chase the Trade method. I’ve had some success using the original scalping method and limited success using the Trade Scalper method along with his X5 trade.

What about the Atlas Line you may ask. I’m waiting a few more months before passing judgment. The one thing I have found ironic about the AL is this; If you plot a line in the opposite direction using the same degree of angle, you can come up with a similar (albeit opposite) narrative. “Price crossed here and continued in that direction,” “price bounced off the line here,” etc. Try it and come up with your own narrative. Then again, maybe I just have too much time on my hands. LOL

Posting his daily ATO results with his exact entries, exits, stops, and re-entry prices would go very long way in convincing those of us who have bought (literally) into his methods that he is legit. Otherwise, it just looks like window dressing. He stopped posting his results on the DTW website a few months ago because he had been getting too much heat from disgruntled customers. He also recently began filtering people's posts on the DTW site forum which is a HUGE red flag in my book. I will say, however, that he has been very polite when I've emailed him and when we spoke on the phone. Then again, I'm sure Stalin had nice manners too. LOL

Best of luck to everyone

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  #32 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
Posts: 1,145 since Aug 2009


bigkahuna View Post
JP trades 20 contracts. But he can afford to. The DTW website says that it has sold “thousands” of ATO courses. Do the math people! We are talking millionaire here. God bless America!!

Add to that the $180,000 (300 courses @ $600 per course) he took in from the sale of his Trade Scalper course he offered for the first time a few months ago, and the $1,800 a pop Atlas Line he sells and you can see why JP can more than afford to trade 20 contracts. Heck, he can trade zero contracts and still make more money in one year than most of us combined will make.

JP is a paper trading legend. He refused to to share his personal trading statements to back up the performance. He clearly stated the results were simulated and this was evident in his Utube informercials.

If you can beileve he sold all those courses and ebooks than he is, indeed, making a good living, not from trading his money, but by taking it away from those who yearn for a quick and easy way to take money out of the markets.

I've seen this movie a hundred times. The actors have different names, but they all do the same thing. Vendors, with a rare exception or two, line their pockets by selling crap to the gullible, naive, and burnt out traders looking for a fix.

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  #33 (permalink)
bigkahuna
USA
 
Posts: 3 since Aug 2010
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Zoethecus,

I think maybe you misunderstood my post. I wasn't touting JP. I was trying to be sarcastic in a politically correct way by demonstrating how he makes a living selling his snake oil such that he doesn't even need to actually trade himself. I was one of the idiots who bought into his sales pitches. His ATO method does not work in the long run becasue of the wide stops. Period! The other week this method lost 18 points in 2 days. Brutal. Why do you think he stopped posting his results? Because they were freaking bogus!!

His original scalping method has a decent win percentage but risking 12 ticks to make 2-3 ticks is insane IMO! The Atlas Line is a joke I'm starting to believe. His X5 trade is interesting but very subjective. The one method that seems to work more than 75% of the time is his Trade Scalper. Risking 5 ticks to make 2-3 ticks with a 75% win percentage is easier to swallow.

The one thing that I found interesting was that JP put up a website for DTW customers to share ideas. I figured, if he was really trying to be sneaky, the last thing he'd want would be for his customers to communicate with one another. Unfortunately, he now filters peoples' posts. That is very disturbing!

Also, during his webinars, he no longer allows peoples' questions to be seen by everyone on the webinar. The questions go right to him. This too is VERY disturbing! What is he trying to hide?

However, JP and his DTW cronies recently had a live expo in FL for DTW customers. I found that interesting. Why would he open himself to ridicule at a live event if he was so sneaky? That would be a perfect place for a disgruntled customer to show up and give him what for.

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  #34 (permalink)
 
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 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
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bigkahuna View Post
Zoethecus,
...

However, JP and his DTW cronies recently had a live expo in FL for DTW customers. I found that interesting. Why would he open himself to ridicule at a live event if he was so sneaky? That would be a perfect place for a disgruntled customer to show up and give him what for.

very very few people will admit publicly in person that he was duped by such and such and now asking for some explanation.

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  #35 (permalink)
 
sunny135's Avatar
 sunny135 
Mississauga,Ontario,Canada
 
Experience: Beginner
Platform: Ninja trader
Trading: eur/es/tf/cl
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[Hi everybody
anybody has Atlas Line Indicator. Please reply?
It tells that atlas line gives entry point in advance ,,, IS this right????

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  #36 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
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sunny135 View Post
[Hi everybody
anybody has Atlas Line Indicator. Please reply?
It tells that atlas line gives entry point in advance ,,, IS this right????

He threatened to sue BigMike.com if I recall due to someone giving the code for the indicator.

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  #37 (permalink)
 
vovan348's Avatar
 vovan348 
Moscow
 
Experience: Beginner
Platform: Trade Nav., NinjaTrader
Trading: ES, TF, 6E
Posts: 460 since Mar 2011
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sunny135 View Post
[Hi everybody
anybody has Atlas Line Indicator. Please reply?
It tells that atlas line gives entry point in advance ,,, IS this right????

My advice would be to stop looking for a magic indicator.
I've heard some good and bad things about that atlas line. Somebody said it was just a break even after a while. I watched couple of his videos and doesn't look really good.
He's saying that you should use ATR for target, but he closes his trade before it gets there. That means that he's not comfortable with his live trades and he's afraid that it's not gonna work at the camera. He's excuse was that he cannot trade and talk at the same time.

Why do you want to have something on your chart that you don't even know what is it.

I saw you looking around for different strategies and indicators. I tell you that you there is no magic indicator that would give you great trades every time. You should find something that you like the best and make it work for you. If you look around some guys make money with just a couple MAs and price action. You should watch the price and indicators you like and get feel for the market. Jumping from one way to another not gonna help. I know that from my own experience.

Another thing I want to tell. It doesn't have to be complicated to work. Get something as simple as possible, learn some price action and make it work. It's not gonna be easy and it's gonna take a while. Don't panic if you had a bad day week or month. Just keep working on it and it all come together one day for you.

I think a lot of people will agree with me!!!

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  #38 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
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sunny135 View Post
[Hi everybody
anybody has Atlas Line Indicator. Please reply?
It tells that atlas line gives entry point in advance ,,, IS this right????

You are really dreaming.

No simple indicator in the world will ever give an entry point in advance.

The atlas line is just a line and that is it.

I had it installed on NinjaTrader, but removed it after a few minutes, because it was useless.

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  #39 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
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sunny135 View Post
[Hi everybody
anybody has Atlas Line Indicator. Please reply?
It tells that atlas line gives entry point in advance ,,, IS this right????

random lines also give entries in advance.

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  #40 (permalink)
lightninglou22
New York
 
Posts: 1 since May 2019
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Has anyone try day Trade to win scalper software???

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