NexusFi: Find Your Edge


Home Menu

 





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


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one nakachalet with 43 posts (23 thanks)
    2. looks_two rogerf with 40 posts (149 thanks)
    3. looks_3 acbrasil with 25 posts (10 thanks)
    4. looks_4 monpere with 24 posts (63 thanks)
      Best Posters
    1. looks_one rogerf with 3.7 thanks per post
    2. looks_two Big Mike with 3 thanks per post
    3. looks_3 Jeff Castille with 2.8 thanks per post
    4. looks_4 monpere with 2.6 thanks per post
    1. trending_up 164,097 views
    2. thumb_up 575 thanks given
    3. group 56 followers
    1. forum 402 posts
    2. attach_file 23 attachments




 
Search this Thread

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

  #321 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,174
Thanks Received: 101,539

Moderator Notice
Moderator Notice



Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Deepmoney LLM
Elite Quantitative GenAI/LLM
Better Renko Gaps
The Elite Circle
NexusFi Journal Challenge - April 2024
Feedback and Announcements
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Exit Strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
23 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #322 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
Posts: 1,854 since Jul 2010
Thanks Given: 300
Thanks Received: 3,371


Big Mike View Post
Moderator Notice
Moderator Notice



Mike

I think the discussion serves to justify or not, Felton's view on why he does not trade live while moderating his trading room.

Reply With Quote
  #323 (permalink)
 
exiledgoblin's Avatar
 exiledgoblin 
Toronto, ON
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futures/CQG and Interactive Brokers
Trading: ES
Posts: 73 since Aug 2009
Thanks Given: 7
Thanks Received: 20



monpere View Post
I think the discussion serves to justify or not, Felton's view on why he does not trade live while moderating his trading room.

I agree with monpere. In trying to assess the merits of any product it is immediately relevant whether or not the sales agent uses the product or not. Would you buy a car from a used salesman that he refuses to ride in and insists you both take a ride in his gee whiz car simulator instead? If he won't run it on the road, should you?

I looked at this system last year and lost all interest in Felton when I heard him arguing that sim trading was an adequate test of the tools he is peddling. Anyone who thinks sim trading is the same as real trading is either smoking something or selling recycled snake oil and does not have your best interest at heart.

Follow me on Twitter Reply With Quote
Thanked by:
  #324 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
Posts: 1,854 since Jul 2010
Thanks Given: 300
Thanks Received: 3,371


exiledgoblin View Post
I agree with monpere. In trying to assess the merits of any product it is immediately relevant whether or not the sales agent uses the product or not. Would you buy a car from a used salesman that he refuses to ride in and insists you both take a ride in his gee whiz car simulator instead? If he won't run it on the road, should you?

I looked at this system last year and lost all interest in Felton when I heard him arguing that sim trading was an adequate test of the tools he is peddling. Anyone who thinks sim trading is the same as real trading is either smoking something or selling recycled snake oil and does not have your best interest at heart.

Bottom line is, whether or not a vendor trades live or sim, has no bearing on how YOU will perform using that method. So, to me it doesn't matter. The vendor doesn't have to trade the method at all for that matter, he doesn't even have to be a trader! For me, he just has to have a viable idea, I will run with that idea and determine if that idea will work for me or not.

Never believe anything any vendor ever says, no matter how awesome it seems. You take that concept home, kick the tires and put it through the paces. That is what will determine if that method will work for you. The vendor trading live or sim is immaterial. He could trade that discretionary method live and make a gazillion dollars in front of your eyes, so you buy that method, and you lose your pants in 3 days. Beyond that method itself, your own discretionary input and trading approach will determine your success with it, not if the vendor trades it live or sim.

I am mainly a divergence trader. I am not a Felton supporter, nor opponent, but I initially learned divergence from Roger Felton years ago, yet I could not become profitable with divergence until I grew as a trader, studied other people's approaches to divergence, and developed my own trading style using divergence. I now trade divergence quite differently then Roger. Although I was never profitable trading his method exactly how he taught it, I did learn quite a bit from his ideas, and his approach and views on the subject, just as I learned other aspects of divergence from a couple of other vendors as well.

I use to believe that a vendor should trade live also, but as I grew as a trader, I've come to realize that a vendor's trading or lack thereof, will not guarantee my success. My own handling of the method is the only thing that determines how that method will perform for me.

Reply With Quote
  #325 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,174
Thanks Received: 101,539


monpere View Post
Bottom line is, whether or not a vendor trades live or sim, has no bearing on how YOU will perform using that method.

.
.
.

The vendor trading live or sim is immaterial.

Except when some vendors list his "track record" like a spreadsheet, with all the money you could have made trading his system, and none of those trades were taken live - or in some cases, some vendors are known for not being clear about what they call as trades in the room, and the winners show up in the "track record" report on the website but losers are no where to be found.

@monpere, would you stop trading your system live, and instead only trade it sim and run a room selling those signals?

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #326 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
Posts: 1,854 since Jul 2010
Thanks Given: 300
Thanks Received: 3,371


Big Mike View Post
Except when some vendors list his "track record" like a spreadsheet, with all the money you could have made trading his system, and none of those trades were taken live - or in some cases, some vendors are known for not being clear about what they call as trades in the room, and the winners show up in the "track record" report on the website but losers are no where to be found.

@monpere, would you stop trading your system live, and instead only trade it sim and run a room selling those signals?

Mike

Agreed, that actually was one of my issues with Felton. The track record would show many trades that were never even mentioned in the trade room. It should not be touted as a track record, it is just a list of signals as defined by the method. Many of those trades he was not able to identify in real time while watching the market. Some of those signals might have been impossible to enter due to various market conditions.

Overall, I think people should approach trade rooms with the intent of learning something that will grow them as a trader. If you are looking for the method that will make you profitable the moment you open the box, you will be often disappointed.

Reply With Quote
Thanked by:
  #327 (permalink)
 
nakachalet's Avatar
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
Platform: ninja
Trading: gc, cl, tf, 6e
Posts: 512 since Aug 2011

<in reference to felton himself and his trading, what he would and would not do.... and what is he up to now; really do not mean much at presence, as he is not able to say anything any more in response to what we say here and now.... roger has been kicked out of this trading community for good. however roger himself, i believe, is still interested in this thread about his feltonian livelihood>

furthermore, am also trying to find out whose expressed opinion here really at the final analyses is more reliable and profitable as well, as far as trading is concerned?

sometimes, by reading written expression from some traders whom you thought you knew at bmt, you kinda believed that they were reasonable traders. at other time, like today, i wondered if i myself really have a decent brain left to follow what went on around here.... L O L

just what do these statements mean in relation to helping traders toward adequately learning to trade, trading for profit or trading toward greater profitability?

1....In trying to assess the merits of any product it is immediately relevant whether or not the sales agent uses the product or not. Would you buy a car from a used salesman that he refuses to ride in....

probably vendors just want to make a buck or two from those overly anxious wannabes....

2....Anyone who thinks sim trading is the same as real trading is either smoking something or selling recycled snake oil and does not have your best interest at heart....

vendors probably just want you to believe that whatever they are showing you, would enrich you as well, at the end....

3....The vendor doesn't have to trade the method at all for that matter, he doesn't even have to be a trader!....

now, here is a seemingly revolutionary idea on trading.... wonder if the trader meant what it said....
that one can teach me to snow ski, if and when the purported instructors do not ski himself or herself....

4....would you stop trading your system live, and instead only trade it sim and run a room selling those signals?....

in more likelihood than not, a profitable trader would just keep on trading until his setups disrupt his earnings so much so that the trader needs to do something else, other than trading live and for profit....

then he/she could use his former profitable setups and experiences to convince other wannabes to part with their hard earned euro....
----------------------------
what happens here, happens across the board. there are always those, some even with good intention and all; trying their darnest in the name of HELPING, ASSISTING, EDUCATING, ENHANCING AND ENRICHING..... in so many different ways--to get money or something equivalence from you....

if you are just starting out in learning to trade, you probably won't know nor notice the differences among bmt and other trading forums on the net;
at bmt here, you are pretty safe with your money, there are much fewer vendors on the take...
besides what you need to become reasonably successful and consistent in trading is practically free here.

most enchanting is.... most abled coders, programmers et al would construct and make your dream-indicators or likewise.... come true;
but whether or not, they are tradeable and/or profitable are different matter altogether.

THIS IS JUST MY PERSONAL OBS, k? and--no, i have no biz association with big mike nor any of his biz, just wanna make it abundantly transparent. just a one man opinion which could differ significantly from your own thoughts, belief systems and trading philosophy and practice. wishing everyone profitable and happy trading. cheers.

Reply With Quote
  #328 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018


Big Mike View Post
...
@monpere, would you stop trading your system live, and instead only trade it sim and run a room selling those signals?

Mike

In my opinion, a much better scenario would be for him to manage multiple accounts and take a cut on each profitable trade. This way people would not need to learn how to trade and could still keep their main occupation or be at the beach all day long while monpere would be busy killing the markets for him and everyone else.

Reply With Quote
  #329 (permalink)
 acbrasil 
somewhere, brazil
 
Experience: Intermediate
Platform: metatrader
Trading: forex
Posts: 60 since Jul 2011
Thanks Given: 0
Thanks Received: 23

Hey Guys!

Cloudy, you'll probably remember me because I was sending you my terminal results. Nakachalet, I was the guy that was always talking about double-tops and double-bottoms. I disappeared from trading for a few months because I have been remodling an apartment. I'm still not done yet! I stepped away because I couldn't be at the screen in the morning, and longer-term trades don't seem to work with my personality/risk tolerance.

Now, today was the first day in a LONG while (3-4 months) that I sat at the screen. It's tough!! It's hard to stay focused and interested. My opinion from watching the trials is that Roger is a decent guy with a decent system. The problem, I think for Roger is that I can't find anyone on any serious message boards who have paid for his course that come here to show terminal real trading software results. (Most of us just "tried out" his limited services to non-members). He offered to train someone in another forum for free; I would take him up on an offer like that!! At the end of the "training", even if the styles don't match, then you have a live room that you can go to to hear people doing the same thing as you're doing. It would help to stay focused I think. That would definitely be in Roger's best business interest: he trains someone who is the member of a "community" to honestly tell/show other people how they are doing. Well, if he wants to do that, he knows where I'm at.

Yeah, back when members of futures.io (formerly BMT) could see the trials, I also got wrapped up in the live -vs- demo trading. But being away has given me some time to think about it: it's impossible to anwer questions, and risk live money. The only thing lacking, IMO, is the NinjaTrader results INSTEAD OF speadsheets, or show both. The trading software-generated results (terminal results) are hard to fake. Demo or Live. The only time I have seen where this becomes an issue is when profit targets are VERY SMALL (3-4 ticks). Demo trading is an immediate fill whereas live trading usually has to contend with a higher spreads. I still believe that the basis of his system is sound because I have been using something similar for a while now.

In the meantime, if there're any real paid-up customers who are using his software, I'm sure people are still curious to hear the results. Good or bad. I hope good though because I NEVER see anything positive about vendors. I like to think there are more honest people out there, and not just tricksters.

Reply With Quote
Thanked by:
  #330 (permalink)
 acbrasil 
somewhere, brazil
 
Experience: Intermediate
Platform: metatrader
Trading: forex
Posts: 60 since Jul 2011
Thanks Given: 0
Thanks Received: 23



trendisyourfriend View Post
In my opinion, a much better scenario would be for him to manage multiple accounts and take a cut on each profitable trade. This way people would not need to learn how to trade and could still keep their main occupation or be at the beach all day long while monpere would be busy killing the markets for him and everyone else.

Agreed. But nowadays there are things like ZuluTrade and other trade copiers that weren't around 20 years ago. They say that at an older age, it's harder to get used to new things. BTW - I read that there are a few traders at Zulu that have so much money following them, they easily make over $1 million a month. (Personally, I would never let someone else trade my money out-of existence!, no matter what their past performance shows.)

Reply With Quote
Thanked by:




Last Updated on May 2, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts