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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)

  #91 (permalink)
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bluemele View Post
I have been in the room the last couple of days.

He had a very bad day Thursday and didn't hide the fact that he lost a substantial amount. I had stopped watching, but somehow I came back and voila his DOM was slightly profitable? Now, I could take my DOM offline and add a bunch of quantity and get myself back to profit as well, so I don't know what he did to do that and honestly don't trust anything I can't see. (My issues I know...)

He was up substantially on Friday already prior to the time shown on the website to enter the room, but I watched for a few hours and he made about 350.00 more himself.

He seems not to follow too many of his own signals and is selective. He trades for a 'brick' most times where the renko brick is typically 4.

I think he could and is a profitable trader, although I don't know when/if he trades live compared to SIM.

Here is my take:

1. Roger is about the sweetest guy you will see in this business.
2. If you were part of his program then you could learn to be profitable.
3. He is honest and has integrity from talking w/ him and he makes you feel good about trading.

If I were new at trading, this is something I would jump on. I am trying to get a friend to take a closer look.

Hi Bluemele
Given that you had doubts about how he presented his pnl on the DOM and that he didnt seem to follow his own espoused signals how have you decided that he is honest and has integrity? This thread is being very generous towards this enterprise and I am trying separate out his ability to impress people with his ability to trade and coach.

thks

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  #92 (permalink)
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bluemele View Post
I have been in the room the last couple of days.

He had a very bad day Thursday and didn't hide the fact that he lost a substantial amount. I had stopped watching, but somehow I came back and voila his DOM was slightly profitable? ...

I was working that day and unable to watch, but I was listening. He mentioned that when trying to recover on a day like that he'll go into a mode of only taking the highest probability setups and taking smaller targets, he called it 'nibbling' his way back.

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  #93 (permalink)
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bluemele View Post
I have been in the room the last couple of days.

He had a very bad day Thursday and didn't hide the fact that he lost a substantial amount. I had stopped watching, but somehow I came back and voila his DOM was slightly profitable? Now, I could take my DOM offline and add a bunch of quantity and get myself back to profit as well, so I don't know what he did to do that and honestly don't trust anything I can't see. (My issues I know...)

He was up substantially on Friday already prior to the time shown on the website to enter the room, but I watched for a few hours and he made about 350.00 more himself.

He seems not to follow too many of his own signals and is selective. He trades for a 'brick' most times where the renko brick is typically 4.

I think he could and is a profitable trader, although I don't know when/if he trades live compared to SIM.

Here is my take:

1. Roger is about the sweetest guy you will see in this business.
2. If you were part of his program then you could learn to be profitable.
3. He is honest and has integrity from talking w/ him and he makes you feel good about trading.

If I were new at trading, this is something I would jump on. I am trying to get a friend to take a closer look.

My experience on the free trial a few years ago, is that he would occasionally show his PnL some days, not surprisingly only on positive days, but I never knew how that PnL came about, what trades were taken, what trade management was used, or even if the same trading methodology was used to generate that PnL. I did not like that. I want to see every trade, every mouse click, every entry, every stop movement, every target, every stop out.

Is that 'nibble' method, you mention, an official tactic of his methodology? Does he teach his students to nibble? That was not evident from your post. I would be pissed as a student trading a method I bought and having a huge losing day, and at the end of the day my mentor tells me he traded his way back to profit with a tactic that he did not officially teach me? That's why I want to know every time you click the mouse. Unless a vendor is totally transparent with me, and trades the system he is selling in front of me, It will not be easy getting any money from me.

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  #94 (permalink)
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Hello BMT'ers

Just a quick update that I have my primary coder pulling some of my indicators out of DivPro and I'll be posting them as a single NT7 zip file soon in the futures.io (formerly BMT) Elite section. I'll start the new thread in a few days also.

To clarify a couple of posts, the technique I call "nibbling" is nothing more than tightening my targets down to a scalping level and sticking with trades that offer a high success rate....usually 5 to 10 ticks in 6E, CL, 6J, GC, etc. I teach it to all of my students even though it's hard to get a trend trader to scalp sometimes.

DivPro is a coded "entry potential awareness" program and we stress daily that we do not recommend trying to take every trade it suggests. As taught in the course training, some trades are vastly superior to others. Some trade entries that might be ok in one market dynamic might be weak in another and only training and mentorship can prepare a trader to know the difference. Much of this can be explained in an online webinar "workshop". Until our code can incorporate the ability to actually "think", there will always be some trades you should not take...and we're a long ways from reaching that point!

Everything done by the moderators is taught to all students. When I am moderating, 100% of my trades are taken and managed in full view of all attendees. A mentor might be sweet as sugared honey but you have to trust that guy or else you will not trust what he teaches and you won't follow his rules. If you trade without rules you're sunk from the get-go.

Finally, my offer of help to futures.io (formerly BMT) traders isn't quite a win-win deal as someone suggested. I'm sticking my neck out here because I believe in what I do and that I have something of value to offer. But I can't accept any payment from group members as that would violate my agreement with Big Mike and the futures.io (formerly BMT) community (please read my previous posts). That would also preclude me from accepting students from this group into Felton Trading. No ulterior motive, no win-win (financially) on my part.

So the only thing I stand to gain is the satisfaction that I might have helped some of you who requested it and maybe earn some degree of respect as a fellow trader in the process. Fair enough for me.

Thanks everyone for the great posts,

Roger

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  #95 (permalink)
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Linds View Post
Hi Bluemele
Given that you had doubts about how he presented his pnl on the DOM and that he didnt seem to follow his own espoused signals how have you decided that he is honest and has integrity? This thread is being very generous towards this enterprise and I am trying separate out his ability to impress people with his ability to trade and coach.

thks


monpere View Post
My experience on the free trial a few years ago, is that he would occasionally show his PnL some days, not surprisingly only on positive days, but I never knew how that PnL came about, what trades were taken, what trade management was used, or even if the same trading methodology was used to generate that PnL. I did not like that. I want to see every trade, every mouse click, every entry, every stop movement, every target, every stop out.

Is that 'nibble' method, you mention, an official tactic of his methodology? Does he teach his students to nibble? That was not evident from your post. I would be pissed as a student trading a method I bought and having a huge losing day, and at the end of the day my mentor tells me he traded his way back to profit with a tactic that he did not officially teach me? That's why I want to know every time you click the mouse. Unless a vendor is totally transparent with me, and trades the system he is selling in front of me, It will not be easy getting any money from me.

Ok, here is what I think, but just my opinion:

1. Chat room is good and builds enough confidence. I think most people would feel very good about the trading.

2. Not all trades are shown or focus on the setups. This could be due to boredom of it over and over again or some other reason, but I don't believe it to be a bait-n-switch reason.

3. I believe most of his extended teaching courses cover more of the setups. I personally do not believe in purely mechanical trading.

Do I believe he could be a profitable trader? Yes.

Do I believe he could teach others to trade? Yes.

Do I believe he is an honest person who cares about the outcome of his students success? Yes.

Do I believe that if the price is right that you could earn your dollars back? Yes

Are most of his students complete newbies? My guess is YES.

Is Monpere probably a better trader than most of his students and would not get much out of it? Yes.

Do I believe anyone who has their own system and some success to switch to this system? No.


Sign up for the free 5 day trial and go from there. He does talk a lot so I have to turn it off a bit, but so does my Mother so I guess I am used to it. haha... Kind of like a Radio personality while day trading.

I would like to see him be more clear on setups and why each one, but he does it on enough of them to feel good about it. I think the day he was down was an unusual day.

I believe this is a rare mix of a person who truly does enjoy helping people and who has a chat room for $$$. I would like to see him trade live and listen for any trembles in his voice. haha... I know mine used to when I would go live after a long time off. The joy of wanting to be 'right'.

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  #96 (permalink)
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Just noticed this in Ninja Events for the week... Felton Trading, Wednesday, January 12 at 4:15 PM EST

Pls. contact NT for the sign-up link if you want to attend as I don't see how to do it from their email notification. I have no affiliation them, never heard of them til this thread...

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  #97 (permalink)
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felton

please remember, roger trades in sim mode and he will tell you that. He is a trading teacher and not a live trader. That means he makes his money from selling software.

I have looked at the room a couple of years ago and was not impressed when I found they are trading with play money.

There were trades called out that could not have been filled as price did not trade through the entry.

Dan

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  #98 (permalink)
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dannyss35 View Post
please remember, roger trades in sim mode and he will tell you that. He is a trading teacher and not a live trader. That means he makes his money from selling software.

I have looked at the room a couple of years ago and was not impressed when I found they are trading with play money.

There were trades called out that could not have been filled as price did not trade through the entry.

Dan

Hi Dan,

What a difference a few YEARS makes.......one thing is still the same.....the trades are taken in sim mode......however, they are taken right before your very eyes on Ninja Chart Trader.......you can see exactly what is happening.

As far as the sim thing goes.......is there some sort of law about trading educators not being live? Unless they are licensed CTA? If this is correct then I imagine most "trading educators" are in sim mode. Perhpas someone can enlighten me.

I went to his room a couple of times and saw orders placed and targets filled in real time.......personally I don't care if it's sim or not. It was a good trading demonstration.

Jeff

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  #99 (permalink)
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SIM or Live?

Jeff, I investigated this some time ago and learned there are no regulations that prevent educators from trading with real money instead of SIM. The reason they don't trade with cash should be obvious, however.

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  #100 (permalink)
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FYI....


Just so everyone understands, even though I show trades I take in real time and students mimicing my trades along with me can easily get my identical fills and targets when trading their real account, it's all meaningless since I trade in sim....right?

Seriously, I teach all of my students to never trade their live account while being distracted...and nothing is more distracting than moderating a live (scalping) trading room while trying to trade. Do I violate my own cardinal rule just to satisfy a group of traders that just want to watch me showboat? Not a good way to set an example. From watching me take and manage a hundred or more trades in the free week trial, no one has ever questioned my ability to trade live.

Trading in sim alone is easy and NinjaTrader has one of the most realistic simulators on the planet...but trading in sim with a group of international students and friends watching my every move and dependent on my trade choices for their success carries as much stress level as anything you can think of. Trading psychology is something I mastered a long time ago...and that's really all you are talking about. Unfortunately, the mental side of trading is very hard to "teach" and it's not transferrable just from watching someone trade live. Since anyone can get my precise fills and my targets almost always leave a lot on the table, I see no statistically significant difference between live vs. sim for teaching purposes. Anyone thinking live trading trumps everything else might want to rethink their priorities. But, as someone said earlier, what I do isn't for everyone.

I'll be starting a new thread in the Elite area of futures.io (formerly BMT) and I'll be formally announcing that all futures.io (formerly BMT) Elite members will have unlimited complimentary access to our Live market Trading Room daily. We hope you can take advantage of this opportunity as much as possible and that you benefit greatly from the time you spend with us!

May you always hear the Ninja Gal say, "target filled!",

Roger

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