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

  #191 (permalink)
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Jillzy View Post
Hi all,
I skimmed some of the replies here for FT...I can tell that those who poo-poo'd it as just using Stochastics or MACD haven't actually tried it. After trying out quite a few other trading rooms, some quite well known and some quite pricey, I decided to give FT a try. I've only had the system for 4 days now and am still lost in all the indicators because they are pretty powerful and pretty customizable. Plus, they're constantly updating it (already had an update in my short time, and they just had a new version out last week). On top of that, compared to some rooms I've tried where they stare at one cluttered chart of the ES all day or wander off for a nap and / or never actually show any trades... FT trades live 3 hours each day and then does training for students for another hour + each day. That alone is more than I've seen anywhere else. Oh and unlimited mentoring...which I've been seeking.
So...while I haven't quite got the hang of their system yet, I'm glad I'm trying it and quite optimistic. I'll post again when I have more to share.

Looking forward to hear of your expirience Jillzy

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  #192 (permalink)
Market Wizard
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Jillzy View Post
Hi all,
I skimmed some of the replies here for FT...I can tell that those who poo-poo'd it as just using Stochastics or MACD haven't actually tried it. After trying out quite a few other trading rooms, some quite well known and some quite pricey, I decided to give FT a try. I've only had the system for 4 days now and am still lost in all the indicators because they are pretty powerful and pretty customizable. Plus, they're constantly updating it (already had an update in my short time, and they just had a new version out last week). On top of that, compared to some rooms I've tried where they stare at one cluttered chart of the ES all day or wander off for a nap and / or never actually show any trades... FT trades live 3 hours each day and then does training for students for another hour + each day. That alone is more than I've seen anywhere else. Oh and unlimited mentoring...which I've been seeking.
So...while I haven't quite got the hang of their system yet, I'm glad I'm trying it and quite optimistic. I'll post again when I have more to share.

You are actually doing them a disservice here.

You are optimistic, you haven't traded it, you don't understand it - BUT IT LOOKS GREAT.

In terms of a referral, this is as bad as they get!

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  #193 (permalink)
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I'm interested to hear anyone's experiences with the room, I'm particularly interested in whether the posted trade results on the daily recap page are credible.

I'm planning to take a free trial in the coming week myself and will report back.

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  #194 (permalink)
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Felton trading room

With two very important qualifications I'd say the trades are credible (that is, no one is making these numbers up).

Keep in mind however that:

1. They are SIM trades. I know Roger insists that this should not factor into an evaluation of his products, teaching, or performance numbers in my opinion it absolutely makes a huge difference.
2. They are Roger's (Or Clint's) trades. In the hands of other traders like you or I the performance would be quite different and in all likelihood significantly poorer.

Regards,



TheSeeker View Post
I'm interested to hear anyone's experiences with the room, I'm particularly interested in whether the posted trade results on the daily recap page are credible.

I'm planning to take a free trial in the coming week myself and will report back.


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  #195 (permalink)
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exiledgoblin View Post
With two very important qualifications I'd say the trades are credible (that is, no one is making these numbers up).

What I meant was - does he show his DOM when he trades or do the figures on the website match his calls in the room ?


exiledgoblin View Post
Keep in mind however that:

1. They are SIM trades. I know Roger insists that this should not factor into an evaluation of his products, teaching, or performance numbers in my opinion it absolutely makes a huge difference.
2. They are Roger's (Or Clint's) trades. In the hands of other traders like you or I the performance would be quite different and in all likelihood significantly poorer.

Regards,

I agree with you on the rest. These points are valid for all trading rooms and mentors, however.

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  #196 (permalink)
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exiledgoblin View Post
With two very important qualifications I'd say the trades are credible (that is, no one is making these numbers up).

Keep in mind however that:

1. They are SIM trades. I know Roger insists that this should not factor into an evaluation of his products, teaching, or performance numbers in my opinion it absolutely makes a huge difference.
2. They are Roger's (Or Clint's) trades. In the hands of other traders like you or I the performance would be quite different and in all likelihood significantly poorer.

Regards,

Hope everyone had a super Thanksgiving and took some time to help someone less fortunate.

As many futures.io (formerly BMT) Elite members know, they have free and unlimited access to the Trading Room. Their feedback is appreciated but only if genuine, good or bad. Pretty good deal, I'd say.

If anyone believes that they can become a great trader by simply watching someone trade a Live Account, then there's probably nothing I can say that will change their mind. But the truth is, it proves nothing. The only thing that proves the validity and value of a trading system is how the students themselves are doing. Nothing else matters.

When someone who masters a successful system is unsuccessful, the only logical reason is they haven't yet achieved the mental mastery that is absolutely essential to success. If you lack emotional control, then there's not a system on earth, no matter how good it is, that will help you.

The psychological side of trading is so important that I have hired a Doctorate of Psychology who has many years of trading and mentoring experience to come on board starting in December. He will be assisting traders on a full time basis to overcome the mental demons that plague so many traders and sabotage their success. Lack of this type of assistance is what causes most traders to fail...not because they didn't get to watch the "guru" trade his Live Account. Many traders can't afford this level of professional help but I feel it is imperative to success and will be offered free to benefit our traders. He'll be conducting several webinars that futures.io (formerly BMT) Elite members are free to attend, of course.

Exiledgoblin is right, traders expecting to match my results are in for a rude awakening if they refuse to do the work. There's training, close mentorship and lots of practice ahead. I'm a very conservative trader so beating my results isn't that hard...it's done often in the room by students. And I love it...means I'm doing my job.

Roger Felton

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  #197 (permalink)
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TheSeeker View Post
What I meant was - does he show his DOM when he trades or do the figures on the website match his calls in the room ?

I agree with you on the rest. These points are valid for all trading rooms and mentors, however.


When I'm moderating the room, my trades are visible at all times. I don't use a DOM since I find it is a huge advantage to trade right on the chart. That way, I never take my eyes off of what's going on.

When Clint is moderating, attendees see his trades and they see my calls posted in the chat in real time so everyone knows what I'm doing. At the end of the trading session, the results are taken from the Market Analyzer and posted on the website.

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  #198 (permalink)
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TheSeeker View Post
I'm interested to hear anyone's experiences with the room, I'm particularly interested in whether the posted trade results on the daily recap page are credible.

I'm planning to take a free trial in the coming week myself and will report back.

Check out this thread before buying vendor information..

https://futures.io/psychology-money-management/3649-primary-source-income-how-many-have-made.html

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  #199 (permalink)
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monpere View Post
I believe that all the trading education outfits out there are business solely geared to make profits for their owners. These educators are teaching because they can't make a living trading. I did programming work for one of these outfits for 2 years, so I knew the internals of that particular education service.

Why would you want to spend 10 hour days in a trading room, and doing sales, and preparing presentations, doing back end customer related work, etc. etc. for a small education business, if you can spend a few hours a day trading and making a good income? When you ask them, they will say, "I do this because I love teaching", That is pure bull !!!, they do it because it's easier for them to make a living that way then for them to make a living trading.

I don't agree with you, some really do like to teach. Some are snake oil and some are not. The more you have studied, the better your chance to pick a good one.
If I could get my money back from every method I bought, I would say, "No thanks, I got my money's worth."
It seems like the good ones give a free trial. That's a pretty good indication that they think their method will sell itself. Having said that, let me add that I havn't found any that I thougt were great teachers, but they do know how to trade. Felton didn't impress me. I've seen his teaser webinars and my trading method (to me) is better.

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  #200 (permalink)
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any update on your Felton experience


Hi Jillzy,

How's training going?

Regards,


Jillzy View Post
Hi all,
I skimmed some of the replies here for FT...I can tell that those who poo-poo'd it as just using Stochastics or MACD haven't actually tried it. After trying out quite a few other trading rooms, some quite well known and some quite pricey, I decided to give FT a try. I've only had the system for 4 days now and am still lost in all the indicators because they are pretty powerful and pretty customizable. Plus, they're constantly updating it (already had an update in my short time, and they just had a new version out last week). On top of that, compared to some rooms I've tried where they stare at one cluttered chart of the ES all day or wander off for a nap and / or never actually show any trades... FT trades live 3 hours each day and then does training for students for another hour + each day. That alone is more than I've seen anywhere else. Oh and unlimited mentoring...which I've been seeking.
So...while I haven't quite got the hang of their system yet, I'm glad I'm trying it and quite optimistic. I'll post again when I have more to share.


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