Ahh wait so you started over a year ago not in 2010? Thanks again for your sharing your exp. Glad to see the light of the tunnel for you with the CL. I imagine it's been a tough journey. The key for me I suppose is how many students total has he had and of 37 students what % do they comprise.
I have no doubt his method works as he's been in this game awhile. However being able to extract that knowledge may prove to be difficult for some and I fear that spending $3k to find out I'm one of the ones that would not benefit is a bit harsh. I've spent many hours overlooking his free videos and versions of his Saturday seminars and though I can see some merit in his methodology I am a bit frustrated with his speaking style. However that is on me. It's like a professor in college. Sometimes you just don't sync well, and can't absorb the material and that may very well be the case here.
Again thanks for sharing your insight, its good to hear from the other side and I wish you well on the CL.
Although i never followed his method or bought his course there is one thing i like about the guy, Bill's approach is based on a bottom up approach as opposed to a top down approach. If you think you need to predict future price locations to trade profitably then this guy might help you to look at the markets or 'price action' differently. Everything that he professes is at the polar opposite of predicting the future.
Thanks for the clarification. Your original post implied that you had recently taken the course in 2010 and had found it to be an 'uphill struggle.' Others here weighed in with similar comments and I provided my own experience along with other students I knew around that time. This is the first time hearing that people other than Bill have been successfully implemented this particular methodolgy. When I spoke to Bill in 2009 and 2010 he was unsure how well his students were doing, which seemed odd for someone running a mentoring program.
I do agree that the basic methodlogy and his overall approach has a number of merits, but I maintain that Bill's method of teaching and the complexity of his system gets in the way. While trading may be complicated, it does not have to come anywhere near the level that Bill has laid out. For example, he categorizes all the potential trades into c3/C3, C3/c1, etc. but I don't know if that is really important for his trading decisions, his statistical records, or he notes this information just for the heck of it. Is this level of detail necessary or is it just clutter?
Good luck with the CL. Reading between the lines, the majority of the success is coming from the revised methodology developed for the CL. Let us know how this works out.
He offers or used to offer half the course for half the cost which I did. He kept pushing me to sign up for the balance, but I never did. Seemed like a lot of his material was dated in the sense that he no longer taught it. The end result was reviewing a lot of stuff that no longer applied. He really needs to go through all the videos and distill everything down to his current methodology.
Glad I didn't go the full route. I came away with my own simplified approach.
The following user says Thank You to Java for this post:
Iím in my 6th year of teaching the SCIENCE & ART of consistently profitable trading in ALL market conditions. I freely disclose my methodology especially in my free Saturday sessions. But the core of my course is providing the personal guidance traders need to master the INTUITIVE skills required for RTB trading, which in turn leads to near 100% daily profitability. The SECRET is numerous hours of highly focused RTB screen timeómuch using Market Replay anytime 24/7. You donít learn to play the piano by just learning the Ďmusic rulesí; you learn to play ONLY through disciplined practice. So it is with tradingóand you need a competent teacher to guide your practice. Please join me as I share my studentís consistent >95% real money trading results and how they do it.
from an advertisement from an upcoming webinar by Bill McDowell
95% of his student are profitable? Vendors talking about percentages in the 90% worries me. Pretty sure the content of this thread would not support this claim.
The last time i attended one of his webinar in 2009 he was using 4 contracts for each trade. I find this quite a large position for someone starting to trade. Also, i think if your method can not be profitable with one contract then it means it depends solely on money management to achieve its prowess. This might be tough for some.
The way Dr. Bill tracks the trades: all trades are recorded and graded, so profitability has a different criteria. I would of enrolled in Dr. Bill's course if it wasn't for futures.io (formerly BMT). At futures.io (formerly BMT) everything I want in trading is right here. Thanks Big Mike