daytradetowin

Has anyone tried it?

DayTradeToWin.com - Day Trade Every Day To Win, Don't Be Left Out!

Do they really teach a good method?

thanks guys

dsalas said:

Has anyone tried it?

DayTradeToWin.com - Day Trade Every Day To Win, Don't Be Left Out!

Do they really teach a good method?

thanks guys

Click to expand...

Don't buy it.

I am sure all the 'secrets' in this book can be found on this forum in one form or another through other people's posts and ideas.

I'm undiplamatically going to say "looks like CRAP"
my reason? look at the name "Don't Be Left Out!" that's attempting to create emotional FEAR to force you to buy it. A cheap sales trick.
like UKtradergirl said this forum will teach you as much,or a lot more.
it can feel emotionally comforting to think spending money for information,make the information better, that free information. don't be one of those people who think that just buying a book on diets, magically makes you thin.
cheers B.

Hi Guys,

My name is John Paul, and I am the creator of DaytradetoWin

First, I wanted to address my “critics” here that have not read my book, nor implemented my methodology.
The easiest thing in the world that anyone could tell you is “don’t do it” and as far as I am concerned, it is rather a negative approach.
Before I tell you about my course, let me tell you this:
I am no different from anyone here. I too bought courses, attend seminars, downloaded e-books, just to find out that many of the methodologies could not be implemented. Further, for many years, I have felt guilty that I could not implement what I was taught, just to find out that many “educators” don’t really trade.
Knowing what a frustrating process this was, I would not want anyone else to experience this.
It is not in my nature to do this. I have built my site because I saw how others did it.
I have no sales, marketing, web marketing , skills, and I honestly only tried to share my success and my experience with others.
As opposed to many that just sell, I do trade the methodology.
And above all, I don’t rely on anyone buying the courses.
I trade between 9.30 and lunch time most days, and after I dedicate my time to other traders.

You don’t have to buy my course, rather you can take the 3 day indicator for free and test it.

After that I charge monthly. If you believe there is an ounce of truth left in the world, you can buy my course as well.
I reveal what I do daily and how I have automated it to show me precise entry and exit.
Above all, many of the testimonials that you see on my sites are from people that have actually traded my method on an automated basis.
That is all. I wanted to respond, because I do care about my reputation.
I wish you all the best in trading.

John Paul

most people will know I'm usually amongst the most cynical and sceptical when it comes to this sort of thing.
But for what it's worth, if you really must pay for something, or even look to someone else for the Answers, then this guy does seem to be genuine. Certainly the videos on the site are interesting, his approach is simple and appealing (maybe I just like it 'cos its so similar to my own)
worth checking out without the usual knee-jerk reaction to dismiss it out of hand .....

rathcoole_exile said:

most people will know I'm usually amongst the most cynical and sceptical when it comes to this sort of thing.
But for what it's worth, if you really must pay for something, or even look to someone else for the Answers, then this guy does seem to be genuine. Certainly the videos on the site are interesting, his approach is simple and appealing (maybe I just like it 'cos its so similar to my own)
worth checking out without the usual knee-jerk reaction to dismiss it out of hand .....

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My concern about the system is seen in the historical results. You will note that immediately after each loss there is another trade that is ALWAYS a win - never two losses in a row. How can that be? Also, the results sometimes show +2 on half and +4 on half, then they show +2 on all. Well, that probably means that if it didn't get to +4 he just showed the results as +2 - that is hindsight and doesn't work in actual trading. Also, his stop is -5 so the R/R is very poor.

bfirth said:

I'm undiplamatically going to say "looks like CRAP"

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Because it IS crap.

If it made any money at all, he would use it, instead of trying to take people for a ride.

As A general Rule I hate mentors as most are a waste of time,there are the odd one or two who give good advice from time to time and are genuine. I have to feel for this guy as he has been slagged off by people who have not tried his methods. If he offers a free trial why dont people try that first,and then when it fails we can all have a better idea. There are mentors on here that have a good reputation but are not worth the money they charge. Most achieve their reputation by taking moeny from new traders who leave the training thinking they have the holy grail and make positive posts straight away only to find a few weeks later what they have been tuaght doesnt work. At least this guy seems to offer live calls which is far more than most.

I Agree

julian said:

As A general Rule I hate mentors as most are a waste of time,there are the odd one or two who give good advice from time to time and are genuine. I have to feel for this guy as he has been slagged off by people who have not tried his methods. If he offers a free trial why dont people try that first,and then when it fails we can all have a better idea. There are mentors on here that have a good reputation but are not worth the money they charge. Most achieve their reputation by taking moeny from new traders who leave the training thinking they have the holy grail and make positive posts straight away only to find a few weeks later what they have been tuaght doesnt work. At least this guy seems to offer live calls which is far more than most.

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I totally agree with Julian. I cannot believe the comments of a couple of earlier posts...what ever happened to having an open mind and commenting after one has had exposure to the subject. Gee, some people are cynical. Don't they know what effects lose negative words can have on reputation, newbies and anyone else who may be interested. I don't think we could count those earlier comments as any form of genuine or helpful advice.

I am currently doing the free trial and I must say it is the easiest and simpliest trading approach I've ever used!

The advice from Day Trade to Win is to aim for 2pt profit. In all the videos I've seen he says this and then adds once he (personally) gets the 2pts he then uses half of his remaining contracts to go for 4pts. There is no hiding or covering.

I do agree however that the suggested stop loss does affect the risk/reward, especially on multiple contracts. Again the impression I get is that it is only a suggestion...I can set my brackets at whatever suits my style.

I plan to assess the results, which not only include the profit/loss but also style of trading, support, etc after the free trial and then make a decision about Day Trade to Win...at least it will be an informed decision.

tekoa said:

I totally agree with Julian. I cannot believe the comments of a couple of earlier posts...what ever happened to having an open mind and commenting after one has had exposure to the subject. Gee, some people are cynical. Don't they know what effects lose negative words can have on reputation, newbies and anyone else who may be interested. I don't think we could count those earlier comments as any form of genuine or helpful advice.

I am currently doing the free trial and I must say it is the easiest and simpliest trading approach I've ever used!

The advice from Day Trade to Win is to aim for 2pt profit. In all the videos I've seen he says this and then adds once he (personally) gets the 2pts he then uses half of his remaining contracts to go for 4pts. There is no hiding or covering.

I do agree however that the suggested stop loss does affect the risk/reward, especially on multiple contracts. Again the impression I get is that it is only a suggestion...I can set my brackets at whatever suits my style.

I plan to assess the results, which not only include the profit/loss but also style of trading, support, etc after the free trial and then make a decision about Day Trade to Win...at least it will be an informed decision.

Click to expand...

Let us know how it goes. I'm sure you know that if you change the stop size you can throw his previous results out the window - the results will be totally skewed. You need to also understand that his results look good because if the trade goes +4 he lists the results as +2 and +4. If you only took +2 on those trades how would your results compare?

Hi
Well my trial with Day Trade to Win has expired. I followed the easy to understand intructions in the email they sent me. Set up a basic 5 minute chart using Ninja Trader charts downloaded the Day Trade to Win "At the Open" indicator and waited for the setup notification to appear on the chart and then entered the trades.

Using the standard 2/2 bracket for profit/stop loss here are the results.

29/12....approx 10.10am Short Setup...+2pts
30/12...approx 9.55am Short Setup...+2pts
31/12...approx 10.05am Short Setup...+2pts
31/12...approx 10.25am Long Setup...+2pts
01/01...approx 10.05am Long Setup...+2pts

The 2 point stop loss I had was not really threatened on each ocassion. Only the trade on the 30/12 went +4pts or more before any significant retracement occured.

The only disappointment I had was that looking at the price movement on each day I thought there might have been more setups. However, I am a complete novice at interpreting price action as a method of trading. I l also had trouble in entering at the right price as the indicator did not give much notice that the trade is on.

Before anyone replies saying I am somehow connected with DTW or in any affiliate program with them...I'm not. I found them after doing a You Tube search for videos on eminis trading and decided to take up the offer for the free trial.

The reason I posted was in response to the initial question in this thread regarding Day Trade to Win...and in reaction to the first couple of posts that completely slagged the program without ever testing it....something that happens all too often when reading forums.

Looking at the results I will now probably lease the indicator for the first month to see if it holds up over a longer period of time and with more volatility and volume than the last few days before making any firm committment to using the DTW method fully in my trading.

I hope this has helped.

Tekoa, Im afraid as a newbie your opinion will be viewwed with some scepticism, it needs someone with more posts or a good reputation to try the trial. I will try it when I get chance but generally I wouldnt bother as ive said most of these systems are crap.When my trading allows I will try it out.Maybe old Rath will try it in the mean time

OK...that's fair enough

The only problem i can find with this system so far is on the results page, i know that sometimes in the youtube videos he does not achieve the full 4 points and gets stopped out on the back half (10 contracts for breakeven) this would mean a profit of $1000 on the first 10 contracts and $0 on the second 10 contracts as he was stopped out for breakeven. Not once does this figure come up on the performance history. Strictly speaking, in the profits per 20 contracts column he is not telling any lies as 2pts on 20 contracts does amout to $2000 but this is not necessarily what he would have achieved using his methods on that day. Im not saying his method is not a good one but it would be nice to see the adjusted figures so people would know what they are actually getting themselves into.

Hello,

I know this is my first post on T2W, so you either take my word or not.
I am not affiliated with the website, nor did anyone ask me to post this.

Even though I sweared to buy an ebook on trading ever again, I betrayed myself and baught the ebook on monday. And I am pleasantly surprised after doing some homework.
Actually I spent a full working day on this.

I did a backtest for Oct, Nov, Dec + Jan to verify the performance posted on their website.
There are some errors in the performance, some to their advantage some to their disadvantage. I will post my excel sheet with the results, with remarks why I came to a different result than posted on their website.

I went visually through every day I tested using their 5 minutes setup.
If in doubt I pulled up a 10 sec chart to see price movement intra-bar.
The results are pretty easy to visually backtest, since there is no discretion involved and it works using limit orders.

Differences in my backtest compared to the performance report can be caused by different stop loss strategies beeing used. And this method can be traded on 5 or 10 minutes.

I used the conservative approach in my test.

The excel file is not formated in any way, its as raw as it gets. I merely hacked in my results.

I hope this is usefull for somebody.

regards,
Dan

Hi Dan S

Great work- thanks. Have you traded "live" yet?? Also, what is the average duration of each trade??

Thanks

Most trades are hard and fast, some can get lenghty. I didnt keep record about the trade lenght though.
I forward tested 2 days on the ninjatrader and the zenfire feed from mirusfutures (demo).

On Tuesday both targets hit.
On Wednesday I got the first target and the second contract at breakeven on the first long.
I traded also the short setup that triggered just before the end of my session at 11.55am EST for both targets.

I will trade todays setup also on demo.
The last losing day was Jan. 7, so a loser should show his ugly face sometime soon

julian said:

Tekoa, Im afraid as a newbie your opinion will be viewwed with some scepticism, it needs someone with more posts or a good reputation to try the trial. I will try it when I get chance but generally I wouldnt bother as ive said most of these systems are crap.When my trading allows I will try it out.Maybe old Rath will try it in the mean time

Click to expand...

yep i did the free trial.
have to say, it seemed very acceptable.
It didn't really add a lot to my trading so I'm not going to lease the signal (it's actually fairly easy to work out anyway) but i would certainly recommend it for anyone new to the game or going through a bit of bad patch confidence-wise

Ebenezer Bah-Humbug Rathcoole

There is absolutely no need to lease the indicator or the signal.
It is easy as pie to get todays trades, and if one really needs an indicator plotting the trades on the charts, there are some good bargain ninjascript programmers at their support boards.

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