Has anyone ever heard of Felton Trading? (www.feltontrading.com) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


Has anyone ever heard of Felton Trading? (www.feltontrading.com)
Updated: Views / Replies:88,114 / 395
Created: by sp139214 Attachments:23

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 23  
 
Thread Tools Search this Thread
 

Has anyone ever heard of Felton Trading? (www.feltontrading.com)

  #141 (permalink)
 Vendor: www.integrity-traders.com 
East Rochester, NY
 
Futures Experience: Intermediate
Platform: NT
 
eDanny's Avatar
 
Posts: 327 since Jul 2009
Thanks: 17 given, 419 received

Treat every trade like a live trade and your results will be similar, except for slippage etc.

Reply With Quote
 
  #142 (permalink)
Elite Member
Phoenix AZ
 
Futures Experience: Advanced
Platform: Ninja
Favorite Futures: oil, gold, silver, selected currency futures and grains
 
Posts: 6 since Jan 2011
Thanks: 1 given, 17 received

I don't know about the number of traders using Metatrader vs. Ninja, but I am pretty sure the number using Ninja is very high. It's a good platform when used in conjunction with a good quality real-time data feed and it's very versatile.

Regarding trading sim vs. live, I'd have to agree with eDanny. You need to establish a tight mindset on treating the demo account no different than the live account. If you do not, your sim results will be worthless. A helpful exercise in this regard is to set the dollar amount of your demo account with the exact amount of your live account. This way you will not be tempted to trade 50 contracts and get 3 ticks to fix a trade gone bad. Also, be sure your demo account P&L deducts for commissions and fees on all of your trades.

On another note, moving from sim to live trading is always taxing on the psyche. Your head knows you have real money at risk when you trade live and it drives your emotions to a heightened level. Discipline and controlling your emotions are easy hurdles when trading a demo account; not so for live trading. If your method of trading works consistently in sim, it should also work in live trading. The problem is handling the psychological part of live trading, and that takes serious focus and self-discipline.

Reply With Quote
 
  #143 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


The # of traders on MT4/5 vs. Ninja is probably 1,000 to 1 but just a guess from being around in the forums for a couple years and reading EVERYTHING.

The comments above about going from sim/live is spot-on. I struggled with this myself and would catch myself 'playing' around, but I would also do that with my own cash!

I would do this:

1. Go back to SIM for at least meeting x number of points per day per contract. This includes commissions of course and all other trading costs.

2. Verify the # of contracts is suitable to not make a difference in your mental abilities. For instance, I will trade at MINIMUM 1 contract per 50K when I start up live next time. This is at a point where if I have a bad day it will not sink me mentally. So, even though my account will be much larger, I will still start with 1 contract LIVE and go up after x # of days and making x # of points. (For me it is 2 points per day for 60 trading days)

3. Read books like 'Trading in the Zone' to discover a bit more about your mental self. Understand why you are trading differently.

4. Record your trading sessions and talk as much as you can about how you are feeling, what you are thinking etc.. You can also write all this down of course. Start a journal and document it all. I look back on 1.5 year old videos and am amazed.

5. SIM = LIVE. Period. You have to agree and not cheat yourself that if you click that mouse on SIM, then you just clicked it live. That is why an online journal w/ recording is good (that is why I do it) because it keeps me honest. Yes, there were many days of me not wanting to post.

6. Keep a spreadsheet or tally of your wins/losses, etc.. This will help you understand where you are at statistically and whether you should be moving ahead or not.

7. Learn EFT's, they work, and you don't even have to agree they work! haha... Google "Emotional Freedom Technique's"

8. Discover or understand if anything is distracting you. How can you make the system your own, what could be causing the differences with your trading that are presented in your physical world. For example, I listen to meditation music while I trade. I sometimes meditate prior, and I never open stressful email prior to trading or whatever. No conversations or anything that taxes me prior.

That is all I could think of... Good luck.

Reply With Quote
The following 5 users say Thank You to bluemele for this post:
 
  #144 (permalink)
Elite Member
Phoenix AZ
 
Futures Experience: Advanced
Platform: Ninja
Favorite Futures: oil, gold, silver, selected currency futures and grains
 
Posts: 6 since Jan 2011
Thanks: 1 given, 17 received

bluemele - good advice, especially about keeping the journal. I have talked with other successful traders using EFT's. They speak highly of their use as well.

Reply With Quote
The following user says Thank You to esplorare for this post:
 
  #145 (permalink)
Elite Member
woodstock, ga
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: Futures, TF, CL
 
jwhtrades's Avatar
 
Posts: 156 since Feb 2011
Thanks: 543 given, 76 received

Video Journal


bluemele View Post
The # of traders on MT4/5 vs. Ninja is probably 1,000 to 1 but just a guess from being around in the forums for a couple years and reading EVERYTHING.

The comments above about going from sim/live is spot-on. I struggled with this myself and would catch myself 'playing' around, but I would also do that with my own cash!

I would do this:

1. Go back to SIM for at least meeting x number of points per day per contract. This includes commissions of course and all other trading costs.

2. Verify the # of contracts is suitable to not make a difference in your mental abilities. For instance, I will trade at MINIMUM 1 contract per 50K when I start up live next time. This is at a point where if I have a bad day it will not sink me mentally. So, even though my account will be much larger, I will still start with 1 contract LIVE and go up after x # of days and making x # of points. (For me it is 2 points per day for 60 trading days)

3. Read books like 'Trading in the Zone' to discover a bit more about your mental self. Understand why you are trading differently.

4. Record your trading sessions and talk as much as you can about how you are feeling, what you are thinking etc.. You can also write all this down of course. Start a journal and document it all. I look back on 1.5 year old videos and am amazed.

5. SIM = LIVE. Period. You have to agree and not cheat yourself that if you click that mouse on SIM, then you just clicked it live. That is why an online journal w/ recording is good (that is why I do it) because it keeps me honest. Yes, there were many days of me not wanting to post.

6. Keep a spreadsheet or tally of your wins/losses, etc.. This will help you understand where you are at statistically and whether you should be moving ahead or not.

7. Learn EFT's, they work, and you don't even have to agree they work! haha... Google "Emotional Freedom Technique's"

8. Discover or understand if anything is distracting you. How can you make the system your own, what could be causing the differences with your trading that are presented in your physical world. For example, I listen to meditation music while I trade. I sometimes meditate prior, and I never open stressful email prior to trading or whatever. No conversations or anything that taxes me prior.

That is all I could think of... Good luck.

Great advice. I am close (couple weeks) of going live. I've read "Trading In The Zone" and keep a spreadsheet of my trades, both live and market replay. I struggle each day with lack of concentration, BONEHEAD mistakes like chasing the trade if the market is already trending after what would have been my setup had I been in front of the chart.

Can you tell me what software you use to record your live trade journal? I think that's a great idea.

Thanks in advance.

Reply With Quote
 
  #146 (permalink)
Elite Member
Phoenix AZ
 
Futures Experience: Advanced
Platform: Ninja
Favorite Futures: oil, gold, silver, selected currency futures and grains
 
Posts: 6 since Jan 2011
Thanks: 1 given, 17 received

JWH - The struggles you mention are not unusual, even for traders with many years of experience. In fact, I'm not sure those kinds of things ever disappear completely, but I do think you can get a grip on them over time. The concentration thing is rough; especially when your scalping and you need to focus intently on those screens for long periods of time looking for setups. It's a big problem for me. When I can't find good setups I tend to drift and lose my focus. I try to make a point of not staying at the monitors for too long a period without getting up and leaving the room for while. I also give myself a specific time period to make live trades, usually pre-market to NYSE open, and about 2 hours thereafter. I have come to terms with making as few trades a day as possible to hit a reasonable daily dollar amount goal, allowing only for the best setups. If time passes without finding any, I let it go for the day.This is just me. Others may have different ways of trading. The one thing about this business is there is no one way to do things. It's really about finding your own style, after you have tackled the technical basicsand have arrived at a few reliable setups that produce a high percentage of winners. The psychology part of it is an ongoing journey from my view. All the best with your live work.


Last edited by esplorare; September 16th, 2011 at 10:30 PM. Reason: text size too large
Reply With Quote
The following 2 users say Thank You to esplorare for this post:
 
  #147 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,826 received


jwhtrades View Post
Great advice. I am close (couple weeks) of going live. I've read "Trading In The Zone" and keep a spreadsheet of my trades, both live and market replay. I struggle each day with lack of concentration, BONEHEAD mistakes like chasing the trade if the market is already trending after what would have been my setup had I been in front of the chart.

Can you tell me what software you use to record your live trade journal? I think that's a great idea.

Thanks in advance.

Camtasia is good, and if you like free, I like Hypercam2

Also there are a few posts on the subject here at Big Mike, so there are plenty to choose from. I think Cjbooth also has an online one you can record.

Good luck.

Reply With Quote
The following 3 users say Thank You to bluemele for this post:
 
  #148 (permalink)
Elite Member
somewhere, brazil
 
Futures Experience: Intermediate
Platform: metatrader
Favorite Futures: forex
 
Posts: 60 since Jul 2011
Thanks: 0 given, 23 received

Thanks...

Thanks for the advice. I have a small update: I switched to mini sizes and I've had majority winners. Yesterday was 3 mini trades, all winners. The "loss" I have is not that big, so once I get back to full lot size, the loss is no big impediment. I think it's more confidence than anything else. Looking back, I should not have demoed for more than 2 weeks. I should have just started with micros and increased the size after a defined milestone like profit or number of winners.

About Mt4 -vs- Ninja. Ninja is BIG, bloated, and expensive. Almost every forex broker in the entire world uses Metratrader and they pass it to the customers at no additional cost. On top of that, for Mt4 users, it's very easy to show off our results, since there are many sites that link in with the MT4 publisher. If people have great results, which are easy to share with the world, and it would be marketing for him.

This field is saturated with snake oil salesman, and people selling systems for lots of money. On top of that, you have competitors that jump onto member boards and post negative comments about the competition. So who can average retail trader believe? Live results!!!

Reply With Quote
 
  #149 (permalink)
Elite Member
somewhere, brazil
 
Futures Experience: Intermediate
Platform: metatrader
Favorite Futures: forex
 
Posts: 60 since Jul 2011
Thanks: 0 given, 23 received

esplorare + Felton's indicators?

Espolrare: Me too-- few trades as possible AND dollar profit target per day work best for me. Before I realized that I had been doing that in demo, I was overtrading way too much.

So everybody, realizing that getting the FT indicators on MT4 was about like winning the lottery, I downloaded Ninjatrader and installed the indicators. But they don't look like Roger's screen in the webinars? Do the indicators really paint the trade names on the screen? I didn't see trade name abbreviations on the screen.

I'm here because I'm a fan of divergence.I'm not so good at recognizing the extended and hidden divergences, and a program that spots those could really come in handy. Does anybody know if that indicator is free or part of the proprietary package?

Reply With Quote
 
  #150 (permalink)
Membership Temporarily Revoked
siam, west coast andaman sea
 
Futures Experience: Master
Platform: ninja
Favorite Futures: gc, cl, tf, 6e
 
nakachalet's Avatar
 
Posts: 512 since Aug 2011
Thanks: 559 given, 200 received

careful there, whom you associate with, ok?



acbrasil View Post
Roger, I got your email the other day where you said that you made $2,000 demo-dollars trading the CL. I wish that you would make the indicators for Metatrader, since most brokers don't offer NinjaTrader for free. (I tried to install Ninja for a free trial, but it gave me numerous problems. Plus, it's bloated.)

Moreover, I'd love to see some stats on Metatrader to Ninjatrader usage statistics. I bet there's tons more people using Metatrader than Ninja.

I'm asking because when I traded demo for 3 months and did fabulously well. It was like a demo-dollar printing machine for me-- literally thousands per day!! The screens are the exactly the same with the live account-- I had them side by side to compare. Then I switched to real money and I'm already negative. The problem was overtrading. Now I'm a little apprehensive. Got any advice anybody?

generally speaking, those who are in the money, won't have time nor desire to talk with others about their dollars amount profitability. and those who have time to quack quack about how much they made a day, are also generally in the hope mode.

most trading on sim provided by many brokers are at the mercy of the house who provides free services to entice potential future traders by fine tuning their programs to accommodate your trades and orders.... perhaps you are one of those who benefits many ways from their free services?

when you are confident enough to think going on live, do yourself a big favor by contacting signal providers such as esign, ninja et al who also provide free trial period.... and have their live charts next to your current charts....

and sim from live chart from these providers.... to ascertain if there is any real difference in any significant factors.... ok?

what i heard too many times over the past years was the sim traders were very successful in their sim mode and each were very confident in their own trading methods and styles....

and the advisors on line were very helpful and right on target on their advices when on sim....

and most, if not all, eventually burnt up their acct within 3 short months, if they are lucky to last that long....

if you like, post your charts whatever they are here at bg.... and allow the more matured and aged traders.... have a look at what you have and help you along toward profitability....

if you do that, i can almost guarantee that you won't lose all your total initial investment, whatever amount that might be.... K?

good luck and have fun trading. watch out for those salemen and saleladies hiding in profitable trader appearances. also if you like, bring those sale pitches on line here, there are many who could spot who is who right away.... K?

Reply With Quote

Reply



futures io > > > Has anyone ever heard of Felton Trading? (www.feltontrading.com)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Introducing daytradr by Jigsaw, new stand-alone platform

Oct 19
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Heard of www.theeminitrader.com ?? estrader14 Trading Reviews and Vendors 7 September 27th, 2012 12:56 PM
Is here anybody who is trading Felton method? Experiences? redford007 Trading Reviews and Vendors 3 June 6th, 2011 05:01 PM
Felton Trading fballesteros Trading Reviews and Vendors 4 April 14th, 2011 04:16 AM
Whats the funniest comment you've heard about trading Michael.H Off-Topic 2 October 7th, 2010 06:56 AM


All times are GMT -4. The time now is 04:22 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-19 in 0.17 seconds with 20 queries on phoenix via your IP 54.81.45.122