Well in terms of full disclosure - I don't make anything off his training, he doesn't make anything off my software. He does bundle my stuff with his course. Every time I mention my stuff I get closer to getting banned here for plugging it!
Anyway - this stuff takes a lot of practice. As I understand it, the first course where my stuff was included ended 2 or maybe 3 weeks ago.
It took me about 3 months of looking at the tape 1-2 hours a day before I started to really see the light. I purchased a pre-recorded course initially and later on I went on a 1 week mini-mentorship which was also recorded at the time and I downloaded it. It was a combination of practice & listening to the recordings quite a few times that got me to see something in the tape.
The mini-mentorship was 5 days and there is no way I could have actually retained everything that was mentioned in that 5 day period.
Out of interest - did you make your mind up about the contents at the time or when you tried to apply what was taught?
He really didn't teach much at all. A lot of unnecessary fluff. Did you notice he didn't take one live trade in the entire bundle ? He displayed live charts with live DOM and live T/S. But, he didn't take one live real money trade or not even one live simulated trade.. How can one claim to be a tape reader and have a mini mentorship and not take one single trade ? He claims to be this big, 100 lot trader. But, he spends an entire week on a live training session and doesn't take one trade ? He spent the majority of the time looking back on the charts and the tape. Basically, what I would call, "trading in retrospect".
@bluemele - it's a fair question given all the crap that's out there. In this case, the tools won't make you profitable. I don't do the red light sell, green light buy thing. I don't sell indicators, just something to make the tape more accessible without dumbing it down. Tape is about 2 things - absorbing the information and interpreting it. I only help with the absorbing part. I had trouble absorbing the info and that is why I wrote the tools for myself.
The only thing that really makes me profitable is me.
In terms of why I sell the tools. I did share with friends initially and they convinced me to go commercial with the products. The original versions were quite unstable but fine for me. My 60 year old friend Dale on the other hand managed to mangle the tools in ways I'd imagined impossible. For a production version to exist, it had to be something I could support with zero effort, otherwise it would become a full time endeavor and as you say - then I'd end up not trading myself.
So - to answer your question:
- I was quite reticent myself as I know that supporting software can suck your time away
- To get around this issue, I got a developer to create something very robust
- I sell software for the same reason I trade - to make money
Note also that when the next product comes out, I do expect it to be copied by the trading platforms. I could have gone the patent route but to be honest - the amount of time that would suck out of me & the amount of hours I'd have to spend with lawyer doesn't make it a good candidate for a 'bit on the side'. As such, I'll be quite happy with the kudos of having done it first.
So - if I'm honest, stroking my ego is also involved.
This thread wasn't meant to be about me. If you want to give this stuff a go and write an honest review, I'm man enough to take anything you throw at me. You can do it by PM if you don't want to help an evil vendor. PM me your Skype id and I'll walk you through this stuff and you can have a play with it - no strings attached.
Last edited by DionysusToast; June 11th, 2011 at 12:28 AM.
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Thanks for the honest answer and much appreciated. I will PM you but I am also very interested in you trading in Thailand. My wife and kids are thinking about moving there for a while and I was told trading at night (NY OPEN) is a bit tough because all the kids are sucking the bandwidth for the games etc.. I will PM You.
I spoke to Joel this morning. As I mentioned, my experience is that he's an approachable guy who will give you his time. I mentioned there was a guy from the last 5-day group course that was most unhappy with what he'd got from it. My experience also is that there was a lot of good info in there that takes months to implement and many listens of the course too..
Funny thing is - according to Joel, he's heard no complaint from any student from he course he ran just a couple of weeks ago (the first one that included the tools). It seems also your complaints weren't brought up in the Q&A during the sessions. Considering how vocal you are being on here, that's a strange thing. Have you not considered approaching him directly?
Anyway - I'll make you an offer as you said you'd taken the course with the tools. PM me the machine id of the machine you registered the tools to and I'll refund you the money for the tools. For transparency, put the machine id here (there's no privacy issue with that, no-one can hack you) if you like.
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