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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)

  #181 (permalink)
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rogerf View Post

I've tried it both ways and the way I run the Trading Room is by far the most effective for my group. Judging a trading system on the basis of sim vs. live is the wrong mindset in that it only proves that the moderator has mastered their human fears. That mastery does not auto-transfer to you!! Judge any trading system of interest to you by how the system performs...not the moderator. Never buy any system you don't understand. If you can't understand what he's doing and he won't tell you, you'd do well to pass.

I see some people trading live, and trust me, you can "hear" the difference. Either they are trading real money or their boss said that they are going to get fired if they lose money! But whatever works best for you, works for you. I disagree with you on the part of the moderator. The moderator, IMHO, has the role of passing on experience and teaching the students PATIENCE. So I believe that the moderator DOES in fact play a large part of the process, like a mentor. You can have a great system, but if people don't follow the plan or let emotions take control, they will lose money.

This next question may help some curious people: In terms of the course, what more does it teach than divergences? I have never seen anything such as an outline or course syllabus floating around on your site. I think the indicators are useful, but a little too much $$$ in terms of what I trade with. If you ever offer a discount on the indicators, let me know.

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  #182 (permalink)
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acbrasil View Post
I see some people trading live, and trust me, you can "hear" the difference. Either they are trading real money or their boss said that they are going to get fired if they lose money! But whatever works best for you, works for you. I disagree with you on the part of the moderator. The moderator, IMHO, has the role of passing on experience and teaching the students PATIENCE. So I believe that the moderator DOES in fact play a large part of the process, like a mentor. You can have a great system, but if people don't follow the plan or let emotions take control, they will lose money.

This next question may help some curious people: In terms of the course, what more does it teach than divergences? I have never seen anything such as an outline or course syllabus floating around on your site. I think the indicators are useful, but a little too much $$$ in terms of what I trade with. If you ever offer a discount on the indicators, let me know.

I think AC brings up a common misconception among traders in search of a "winning set of indicators". First, you must understand that, by itself, there is no such thing. Indicators are a set of tools that, placed in the right hands with extensive training and mentorship, can produce the results they seek.

If someone sells you a set of exquisite golf clubs, does that alone qualify you to be a golf pro ready to hit the circuit and make the big bucks? Why in the world do traders think that obtaining the right indicators, by any means, will do the trick? I got past that fantasy a long time ago. I think I gave it to the Tooth Fairy.

If you are struggling in your trading and you are expecting indicators to fix the problem, you will continue to struggle until you change your mindset.

So, please understand, AC, that if all I did was sell indicators, the first problem would be that they would be vastly overpriced and they would NOT accomplish what traders wanted them to do. It is extremely important to remember that no matter who's indicators you are considering.

To understand what I do, let's continue with our golf analogy for a bit. Imagine that you are a Pro Golfer and you have a gift for teaching others how to become Pro Golfers. Would you simply sell them a good set of overpriced clubs, pat them on the back and wish them luck? You wouldn't be a golf instructor, you'd be a crook.

A good instructor would first seek to train only those persons who had a strong passion to master golf. The instructor would then go to work teaching their students everything they ever learned about what it takes to win at the game...from the swing, follow through, balance, energy management...the whole enchalada. It would take hard work and many hours working together for an untiold length of time...possibly years.

Could the instructor guarantee that every student they taught would make a fat income as a Golf Pro? If he did, he'd be the biggest con artist in town.

So, imagine you are this instructor and, instead of golf, you teach trading. You dedicate your life to it. You give up your days, evenings, weekends and holidays helping your students in untimed, unlimited mentorship sessions for the rest of your life. You train them every single trading day and you make sure that every student has been given every ounce of knowledge and training they will need to make it. You spend over a half a million dollars and 2.5 years developing the finest tools (indicators and system) that you possibly can to help them.

Now you tell me, what price would you charge? Would something less than the cost of a 4 year old used Chevrolet be too much? When people came to you and complained about your pricing because they've seen dozens of snake oil people who take their $199 and run, what would you tell them? The price for what you do has nothing to do with what others are charging. It has everything to do with what it accomplishes.

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  #183 (permalink)
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You can't blame me for liking YOUR indicators, can you? (That's a lot better than saying I think your indicators stink!) Yes, I think they are quite nifty, but unfortunately, they aren't available to test out/try. Haha, if you had a set of pro golf clubs, I would like to take those for swing too Thanks for the reply, Roger!

Oh yeah, please take a look at what I said about a course outline. As it stands, the curious people are just told "Common' over and pull out that credit card and signup!" It's just take-your-word-for-it. Most courses, at the least the mainstream college, university, and technical courses TELL YOU what you will learn in the course before you even get started.

b/r
AC


Last edited by acbrasil; November 6th, 2011 at 12:31 PM. Reason: wanted to add more info..
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  #184 (permalink)
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video

Roger, I saw some basic descriptive info on your site. Nice video, btw, of the indicator.

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  #185 (permalink)
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acbrasil View Post
You can't blame me for liking YOUR indicators, can you? (That's a lot better than saying I think your indicators stink!) Yes, I think they are quite nifty, but unfortunately, they aren't available to test out/try. Haha, if you had a set of pro golf clubs, I would like to take those for swing too Thanks for the reply, Roger!

Oh yeah, please take a look at what I said about a course outline. As it stands, the curious people are just told "Common' over and pull out that credit card and signup!" It's just take-your-word-for-it. Most courses, at the least the mainstream college, university, and technical courses TELL YOU what you will learn in the course before you even get started.

b/r
AC


Well, I am certainly pleased that you like them, AC. Thats' for sure and I hope you are taking advantage of the ones I provided to futures.io (formerly BMT) Elite members in the downloads section.

I trust that no one at Felton Trading ever asked you to get out your credit card. Our staff are forbidden to employ any "sales tactics" whatsoever. Their job is just to ask questions. Please let me know if anyone here ever asked you to buy anything.

I really do wish I could give you our complete system on a trial basis. But, again, it would be like giving you the keys to a vehicle that you've never seen before. It has levers and knobs and switches and dials that you have no clue how to operate. Someone must train you on using it or it will never get you anywhere.

Our software is pretty similar in that it has a definite learning curve of 2 to 4 weeks. It's serious sophisticated stuff and requires training and we just don't have the manpower to devote weeks of training to traders that are just "kicking tires". I wish we could but it's just not feasible at the present time.

We would be glad to provide you with a Course Outline. It's pretty extensive and covers Market Behavior, Technical Analysis theory, Divergence, Momentum, Volume, Market Entry (proper), Trade Management, Risk Control, In-depth study of all 10 FT signals, Signal Grading and Trading Psychology. There's more, but those are the highlights. All reputable system sellers and trading educators should do no less.


Last edited by rogerf; November 6th, 2011 at 07:57 PM.
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  #186 (permalink)
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rogerf View Post
I really do wish I could give you our complete system on a trial basis. But, again, it would be like giving you the keys to a vehicle that you've never seen before. It has levers and knobs and switches and dials that you have no clue how to operate. Someone must train you on using it or it will never get you anywhere.

Understatement of the year.

H

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  #187 (permalink)
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give it a try

Roger, something to consider is that maybe *all* the traders don't come to you because they are losing money, but rather, they want to see if there is a better way of doing things, or perhaps refine what they already know.

I think I'm going to give your course a try. Why? Because maybe you have a better way of doing it. AND this forum could use someone who isn't afraid of speaking their mind as to whether it's actually worth it or not. I don't know why so many of your students are so quiet. Only a couple have spoken out. Well, I hope I don't regret this....

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  #188 (permalink)
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acbrasil View Post
Roger, something to consider is that maybe *all* the traders don't come to you because they are losing money, but rather, they want to see if there is a better way of doing things, or perhaps refine what they already know.

I think I'm going to give your course a try. Why? Because maybe you have a better way of doing it. AND this forum could use someone who isn't afraid of speaking their mind as to whether it's actually worth it or not. I don't know why so many of your students are so quiet. Only a couple have spoken out. Well, I hope I don't regret this....


That's correct, AC and I hope I didn't give the impression that all traders wanting my help have been losing money. There have been some that were holding their own...or actually making money...but these have been a smaller percentage.

AC, I consider you my friend and I would love the opportunity to work with you. I hope you don't take this the wrong way, and forgive me if I misunderstand, but it would seem that perhaps you aren't quite ready to make a decision right now. You have many doubts and reservations, which is normal. But I have found out over my many years that, whenever I make a decision to do something I'm not positive about and have insufficient information, it was usually a mistake. Possibly one reason for any lack of information could be that you visited us for less than 2 days in October. That's not much time. Are you sure you've given this important decision enough time?

I ask this, AC, because I deeply care about your success and I'd want us to start off "on the right foot". Choosing a trading system is a lot like choosing a wife...if the fit isn't right it's not going to work for the long haul.

Try coming into the room and simply asking, "I'm thinking of joining...are there any students in here that regret their decision?" That's what I'd do if I were considering any course or system. Everyone can see your question and they will respond with their honest answers. There aren't many educators and system vendors that would encourage that...or even allow it...usually because they fear what their followers might say. Then let's you and I get together and go over every part of the system and course in great detail. Ask every question you can think of and get straight answers. I can show you what works, but only you can decide if you have the dedication, passion and discipline to make it work for you.

Don't make any decision until you have strong feelings one way or the other...either positive based on extensive due diligence and understanding, or negative due to "red flags". Never make a desision to do something unless you feel pretty good about it. You'll usually not be totally sure about any decision until you make it and then give it your best shot. I just want to know that you have all the information you need and that our staff, including me, have done our job in providing that.

That would be my suggestion, AC....and make sure you never lose your outspokenness. Honest communication is vital and it's the reason why we don't isolate our group in the room as so many others do. I think your outspokenness would be a terrific addition to the group, as well as the futures.io (formerly BMT) forum, for sure.


Last edited by rogerf; November 7th, 2011 at 11:21 AM.
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  #189 (permalink)
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acbrasil View Post
Roger, something to consider is that maybe *all* the traders don't come to you because they are losing money, but rather, they want to see if there is a better way of doing things, or perhaps refine what they already know.

I think I'm going to give your course a try. Why? Because maybe you have a better way of doing it. AND this forum could use someone who isn't afraid of speaking their mind as to whether it's actually worth it or not. I don't know why so many of your students are so quiet. Only a couple have spoken out. Well, I hope I don't regret this....

What level are u at in ur trading?: 1.never real been even now trading is a hobby , 2.make a little money 3.make alot of money but just want to learn more..

I'd be willing to contribute to a training pool to see if u can really be trained to make money, if ur a #1 above..... Course u have to keep a log here and be willing to share ur brokerage statements use ur own risk capital in trading account, when u get out of sim mode.....

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  #190 (permalink)
Jillzy
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Trying out Felton Trading for myself


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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