Tom Busby DTI Day Trading Institue

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Bobby89

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Buyer Beware,

I attended Tom Busby's school this year and cannot recommend it. It is $7000 for the intro class and $3000 for the Advanced class. Problems with DTI: Over priced, there are about 7 marquee trades and only 2 of them set up occasionally and pay. Poor money management: The school claims to have this but they completely ignore how much of your account you should risk on each trade. If you go to the advanced class, Tom throws out most of what you learn in the intro and says "If you see a trade, take it". Students are also encouraged to use Tom's brokerage which is not reasonably priced at all. He is making big money on the back end. THE MOST UPSETTING PART OF THE DTI SCHOOL IS THE PLATFORM. You have to log in to their server to get authenticated. The server is constantly going down and good bye platform! Avoid the school. There are many good books and courses online and otherwise for a fraction of the cost.
 
Funny you should mention that. These guys tried pumping themselves on ET recently, but when members asked for some evidence of trading prowess (other than a one-day chat room trial), they complained (they're advertisers) and the posts were deleted. When members then squawked about the posts being deleted, the whole thread was closed.

Isn't the internet fun? :)
 
Thanks for the 'heads up' on DTI Bobby and for the ET background dbp - all good information.

Bobby have you made your dissatisfaction known to DTI and if so, what has been their response?
 
Bobby89 said:
Buyer Beware,

I attended Tom Busby's school this year and cannot recommend it. It is $7000 for the intro class and $3000 for the Advanced class.
Click to expand...

if the fees had been say, $700 and $300 respectfully, would yuo have still signed up for the course?
 
DTI trader

Thanks for posting that info. I was very close to signing up so I sent the posts to DTI to get their response. I assumed the server problems have been sorted by now as the post is a few years old now. I've read lots of books that teach money management so that doesn't bother me. I didn't tell them where to find this forum in case they come on here pretending to be a happy customer! I asked a couple of other questions too. Here's their reply:

Without knowing what forum that was posted on and who posted it, it’s hard to respond.
Please understand and keep in mind that trading is a risky business and we can not guarantee the success of any individual. After reading the below post, it seems to me that this was written by someone who is dissatisfied because they lost money and are looking to place the blame on someone other than their self. This is not the first negative publicity we have received and it won’t be the last. You’ll have to talk to other students of DTI and base your opinion of us and our training on the majority rather than one dissatisfied.
I will do my best to address the issues as you have highlighted them.

7 marquee trades and only 2 of them set up occasionally and pay

We teach a specific method that allows for us to trade at any point and time during a day, it is up to the individual trader to decide whether the criteria for a trade has been met. As far as only 2 of them paying, a lot of that will have to do with how you manage each trade and how closely you stick to the methodology.

If you go to the advanced class, Tom throws out most of what you learn in the intro and says "If you see a trade, take it"

I have never heard Tom say anything like that. I have heard him tell students to analyze the markets and use their education to decide whether or not they want to take a trade and manage it accordingly.

when members asked for some evidence of trading prowess (other than a one-day chat room trial), they complained

Many things have changed since this was posted and we now offer 3 day trials to our chat room and are very generous in extending multiple invitations to people who wish to observe us educating in our chat room.

Which DTI trades go onto the calendar? You could be doing lots of trades each day and only reporting the winners.

The only trades that are reported on the calendar are ones that we actually say in a live market in front of a live crowd. If you look at the calendar you’ll notice that we also report our losers as well.

Can I have a couple weeks free on the chat so I can see for myself?

Yes…I will send a second email to this one with 2 weeks worth of passwords for you to join the chat. While in there feel free to ask questions and interact with the other students.

On the second point, what does he mean, "Tom throws out most of what you learn in the intro"? Sounds like the first part of the program is a waste of money.

Everyone has a different opinion of what we offer, and I don’t know what he means by “Tom throws out most of what you learn in the intro”. The first parts of our course are the most critical in building your knowledge and foundation from which to trade. The advanced portion of the class is geared towards refining your knowledge and learning to execute the Art of trading.

I hope that this has helped in your concerns with dealing with myself and DTI…I’ll leave you with this link to some other testimonials: http://www.dtitrader.com/DTItrader_testimonials.php

I’ll send that second email shortly and look forward to seeing you in the chat.
 
I think DTI has the very best of intentions. I really do. But, I feel that on the free Wednesdays, there is entirely too much selling of their services. It's overkill. Instead, Jeanette, Tom and the others need to focus more on letting their trading results speak for themselves and then more people would be buyers. Tom spends a lot of time trying to get everyone to open an account with OptionsExpress immediately and start trading. Who does that? I mean, really. I will say this. DTI has a software, DTIc, that is a historical program that tells you the likelihood of where price is going during a certain time of the year, month,. based on past 10-15 years of data. That is good information. For instance, you don't want to be short IBM in May if the 10 year data clearly shows that the stock goes up during this month. Does anyone know the setup for the Corvette trade that Tom does on Fed day. Now, I gotta give it to Tom on Fed day. The Corvette trade made right after the fed announcement tends to work out very well. I've traded it many times and made money just listening in on fed day. I would really like to know the Corvette trade setup. Tom relies a lot on certain numbers for his trades. Some of that is talked about in his first book, but I'm not so sure how much there is to it. Maybe someone who has bought in and isn't happy can share that info.
 
I spent $10,000 on Tom Busbys Advanced Course after finding him to be the most sincere salesman at a Money Show. I thought by getting educated before trading, I could save myself much heartache. I share the above comment that DTI has the best of intentions. I attended the school which is very well setup for education. The instructor Geoff Smith is very nice and has a certain charm that makes him very easy to listen to.

Here is where I feel compelled to give caution. I read the manual provided and found it to be a collage of information I could have retrieved from any number of reputable websites...

Once at the facility I found the trading style to fall short of inspiring any confidence. Every trade I observed had a fly by the seat of your pants feel to it. Trading off of 30 minute bars while five of the most widely followed Emini contracts are in unison is the "Methodology". I burned through no less than $50,000 of my hard earned money trying to get this method to provide me with a consistent income to no avail......I finally searched and scoured the Internet and finally came across another organization that has me consistently profitable at consiberably less money. Im not going to post the name here as I dont work for them.

The most disturbing experience I had at DTI ( The provided Lunch was always very nice) was being pulled out of the class to "Speak to Tom" after only being there a short time. It turns out after dropping 10k.....they wanted to upsell me into their Diamond program....I was offended and told them this was in bad taste and proceeded to return to the classroom. I dont begrudge Tom Busby, he is a nice man and has a Good business going but I think he has lost sight of the fact that people are really trying to make it as traders while he is simply raking it in.......I cant blame anyone for my experiences as they all have brought me to where I am now but I feel compelled to post this to at least make any future clients at least be aware of what they are getting into.

PS I spent a lot of time looking on the internet checking youtube etc...to get a feel for Tom Busby and DTI and was satisfied initially that I was making a good choice.....unfortunately the method they teach was too variable an interaction with the market and almost ruined me financially.

They have a fellow Chuck Crow who is their numbers guru. He actually stated in the chatroom one evening that he Does not believe in Trading Systems......................Now that I am trading a system with consistent results I can see where DTI falls short.

Good Luck and I believe my email is attached to my profile....I will provide the name of the Trading room that worked for me upon request...they gave me a free week in there room they are happy to show you excel spreadsheets with the backtested results etc....DTI is very reluctant to provide information on their methodology's results unless you pay Big Bucks for the Green Room.....This is the longest post i have ever presented to the a forum. I feel very strongly about my comments and want to prevent heartache where I can.

Cheers
 
Last edited:
Hi Fellow DTI alumni

I share your sentiment, have posted mine and agree . The "Roadmap" software they have is interesting enough but more information than an out control chartist makes it hard to trade with confidence!
 
DTI_Losing_Trader,
Thanks you for such a thorough analysis. I have been tracking DTI for a few years as I review different trading tools to personaly use. I've met Tom at a show and attended their Green Room a few times. What has bothered me about their system, and some other systems, is the use of proprietary indicators. If I don't know the basis of an indicator I don't want to use it. What do you think?
Could you "email" me the trading room or system that is working for you?
Thanks.
[email protected]
 
Hi everyone, I strongly believe in most negative feedbacks about experience with DTI and Tom Busby posts here, because I myself didnt' read those posts about DTI prior to my signing up with DTI, but I just read TOM BUSBY books and found he WAS good and seem sincere in his writing. Then, I decided to try DTI. After I have been through with them a few months I had exactly the same experience with 'DTI_Losing_Trader" member as he described in his post.
I already real trade for over 5 years and just looking to enhance my trading skill. But have found myself wasted money for nothing in return! What else I can say ? I can't take my money back but just have to search for a place where I can tell others to be AWARE of this DTI and do research before you decide to commit into it - DW
 
We have students who come through the course that do well and those that do not do well. We have some students that come through and are able to successfully trade stocks and options but never make the crossover in futures and vice versa. We teach a method of following the markets and relying more on reading the tape than technical indicators. An important thing I do each morning is go through the Globex session in the traderoom and point out levels of support and resistance based on the previous night and use those to form a gameplan for the day. I would recommend doing that each morning and you will notice how levels that prove important in the night market are still important in the day market. An example from last night was how 1289 was a big pivot and you saw all morning how the ES kept bouncing at the 89 level before the rally eventually started. While we do not utilize a system or technicals, that does not mean they do not work... it is just not our method. I know many traders that utilize technicals and do very well. If someone has some other method that works I will be the first to say more power to you because a lot of different people make money in different ways. You just have to find what works best for your style and in the end it comes down to how much you make when you are right vs. how much you lose when you are wrong and then how often you are right or wrong. As far as the comments about a track record, we do post our trades in our live traderoom and use a whiteboard to keep track each day with actual fills circled. In addition to that, if someone would like to see a track record we do have that available of stock, futures and option trades taken in our room over the past year (entries and exits).

As I mentioned to another poster, DTI offers many classes in several different fields and a reason for that is that we expanded a few years ago from solely focusing on futures to adding Options and other markets in a similar way that we used to only trade the ES and now trade the Dax as well as other futures markets. Our options instructor is Frank Stanley who is a student who came through our course several years ago and was extremely successful in options and if you have ever heard Frank speak you know he is extremely knowledgeable and sincere about helping others. His track record is published as well in his options newsletter. That being said, we stand by our product and continue to support students well after the classes are over. You can come in our rooms and ask point blank and our students will tell you that. I have personally worked with students who struggle one on one to try to help them after the classes. Geof Smith (our main instructor) will do the same and teaches a continuing education class each week that is free to all students and also spends time talking to older students when they need help. I would recommend taking a look at it, talking to students and we can put you in touch with some who have done well and some who have not and then make your decision about whether or not it is something that can be beneficial to you.

On a side note, Dave W or anyone else who has had a negative experience please email me and I would like to try to help you in any possible way that I can to make sure you do get the value that you expected when you joined. My email is [email protected] or you can call me at the office.
 
STAY AWAY! From DTI and Busby

Save your money find a real trader to mentor you or a legitimate trading course plenty are reviewed here and other sites Busby is a salesman thats it, cant trade his way out of paper bag and hes always talking about Low Hanging fruit as though it wasnt obvious, they remind me of Wizetrade or some other shady sales pitch that will only bleed you dry from selling you training if your trading results dont bleed you dry first lol! Seriously Ive met the guy and he has this swarthy salesman vibe about him, they dont show proof in the form of a real trial period or brokerage statements or results to back up their claims. Obviously Im not recommending anyone else in here to avoid being accused of competition bad mouthing him so all I will say is if you dont know anything about trading yet, stop right there dont sign up for anything buy a few trading books and read them cover to cover at least twice then find a reputable broker with low comissions and no platform fees or low fees if you trade enough and start practicing on SIM and just pick a couple indicators and dont over clutter your charts you will be 10times ahead of anyone paying for this garbage and youll have more money to fund an account, join a live trading room for a monthly fee and see how they trade and what works for you eventually things will start to click or you will realize this isnt for you
Good luck
 
ftgambit, if you or anyone else feels that way I would be happy to give you a free 5 day trial to our TradeRoom where you can watch us real time for a week. All I ask is that you come into the room with an open mind and you can keep track of all of the trades which are posted on the whiteboard each day as they occur, ask questions to the moderators and ask questions to our students. My email is listed in my post above. Just mention that you want a 5 day trial and I will set it up. If after 5 days you don't feel that was enough time then let me know and i will extend it another 5 days. What we teach does not work for everyone and trading is not easy. There are people that take our course and do not do well but there are also others that take our courses and do well. Either way we support our students as long as they want to be supported.

One thing as far as getting started that I agree with ftgambit on is to start with a sim account and practice until you consistently make money (not just for a day but for several weeks in a row). If you can't make money in a sim account you won't make money in a live account. The thing to remember is that when you go live take it VERY slow b/c most likely you will manage trades differently b/c of emotion so just because you do not make money in a sim account does not mean it will translate in a live account.

Best,

Morgan
 
I dont claim to have bought the DTI course but I have attended one of their free sessions last night, the 2nd to last evening of the year and probably the slowest week for futures all year, strangely enough. And as I write tyhis I am in their daytime class where the market is moving slower than frozen molasses. Well..you should hear them come out with all these pivots, for different markets, talk about how one market influences the other and they are the only ones who have the software to give you the important pivot numbers for all the markets. And they bring on 4 or 5 guys each treying to make believe something exciting is happening instead of just being honest and saying to all of us in the chat room "Guys, Im sorry to say, but no market anywhere is moving tonight, things are dead, the lesson for tonight is shut off your trading platform and say goodbye for 2011 and start reviewing your plan for 2012. " But no, they talk about how excited they are going to be about this magic 1256 pivot number if it is breached by tomorrow and how we should all be excited as Europe closes at 10:30am and then "everyone will be looking to the US to carry the baton home for the end of the year."

OMG, forget that! We can all see the institutions have pretty much all taken very early vacations this year, the ES, is virtually unchanged from an entire year ago and these guys are hollaring like something big is waiting to happen. This tells me that when the markets are really active, you couldnt possibly keep up with what they are doing or saying if they can get you all juiced up over a dead market. Something doesnt smell right, and if the price for this confusion is 10k like one of the posters say, i'd pass if I were you. DEFINITELY ASK FOR A 1 WEEK FREE TRIAL IF YOU STILL WANT TO CONSIDER THIS.

This seems to be a pivot number methodology. As a professional trader answered me when I asked him about the VWAP traders pivot significance he replied humorously: Do you really believe that there is a magic number that traders have to use as support and resistance that actually works? Andf they will let you put it in an indicator for free or even sell it to you? I will sell you my pivot calculator and throw in a vegematic chopper and the Popeil pocket fisherman absolutely free, Just send me $50." The whole room rolled on the floor!
 
Thanks much for all the information provided here

This seems very much like BetterTrades.com

Nothing good or bad to say other than get some good books, read them twice or more

Do your due diligence, paper trade just as if it was real money

There's wealth of info out there if you are serious about doing this

$10K ?? think about it

Also there is NO panacea

Best wishes

Bill
 
I received method materials from DTI on February 6. It was some low quality self printed very outdated information that just make no sense. All you get is a system that is so complicated that you will spend a lot of time just to understand that it will not work.

Looks like DTI remake some old technics and software for stocks they have made back in 1998 and scam noobs selling it as futures method and software

DTI Trading rooms are even worse - no profitable ideas and only promotion and up sell.DTI is a complete waste of your time and money. During two weeks time I have spent there, I witnessed 10 official trades with ratio of 8 loosing trades to 2 very small winning.In the beginning of your official trades, Tom and Neil had 2.5 points stops that have been hit almost every time, and for the last 2 weeks Tom and Neil recommended 4 point stops that have been hit 8 out of 10 times.

If your method worked and you follow the right direction, you wouldnt even need more than one point to begin with. You scam is to attract more and more new People until they give up. I witnessed at least 10 different lies on plenty of different subjects from Tom in the last 6 weeks and if you like I can give more details.

Tom proved himself as an arrogant and disrespectful to his students including myself and to my money. His approach is worse than gambling. I have not seen his ability to teach and his trades are loss making.

I'm very embarrassed and humiliated that got on scam that DTI pushes.DTI advertised that the Advanced trading room would be designed for students only, and another room Method will be open for general public. In fact, the same moderator was broadcasting in two rooms at the same time, which makes no sense. You will spend most of your time listening of sales pitch on many different subjects but not use full info.in addition,

DTI promotes an early bird session (5-7am cst) with lots of gains been made, however I did attend this session twice and from 5 am (Chicago time for me) to 7am there was no moderator at all! It was not a weekend/holiday and market was open, and somehow Busby bragged same day on awesome short of gold at 4.30am so no reason other than DTI does not take education process seriously.

With that course I supposed to get 1 year of Level 1 Class, 6 month trading room, Life time license of Roadmap Software.I shipped materials back to DTI with in a week after i got it. Now as I can tell they playing a time games to avoid making refund.

Making new excuses on justification of refund.

DTI method is just mental game and even your CEO cant make it work on public.
 
DTI_Losing_Trader said:
I spent $10,000 on Tom Busbys Advanced Course after finding him to be the most sincere salesman at a Money Show. I thought by getting educated before trading, I could save myself much heartache. I share the above comment that DTI has the best of intentions. I attended the school which is very well setup for education. The instructor Geoff Smith is very nice and has a certain charm that makes him very easy to listen to.

Here is where I feel compelled to give caution. I read the manual provided and found it to be a collage of information I could have retrieved from any number of reputable websites...

Once at the facility I found the trading style to fall short of inspiring any confidence. Every trade I observed had a fly by the seat of your pants feel to it. Trading off of 30 minute bars while five of the most widely followed Emini contracts are in unison is the "Methodology". I burned through no less than $50,000 of my hard earned money trying to get this method to provide me with a consistent income to no avail......I finally searched and scoured the Internet and finally came across another organization that has me consistently profitable at consiberably less money. Im not going to post the name here as I dont work for them.

The most disturbing experience I had at DTI ( The provided Lunch was always very nice) was being pulled out of the class to "Speak to Tom" after only being there a short time. It turns out after dropping 10k.....they wanted to upsell me into their Diamond program....I was offended and told them this was in bad taste and proceeded to return to the classroom. I dont begrudge Tom Busby, he is a nice man and has a Good business going but I think he has lost sight of the fact that people are really trying to make it as traders while he is simply raking it in.......I cant blame anyone for my experiences as they all have brought me to where I am now but I feel compelled to post this to at least make any future clients at least be aware of what they are getting into.

PS I spent a lot of time looking on the internet checking youtube etc...to get a feel for Tom Busby and DTI and was satisfied initially that I was making a good choice.....unfortunately the method they teach was too variable an interaction with the market and almost ruined me financially.

They have a fellow Chuck Crow who is their numbers guru. He actually stated in the chatroom one evening that he Does not believe in Trading Systems......................Now that I am trading a system with consistent results I can see where DTI falls short.

Good Luck and I believe my email is attached to my profile....I will provide the name of the Trading room that worked for me upon request...they gave me a free week in there room they are happy to show you excel spreadsheets with the backtested results etc....DTI is very reluctant to provide information on their methodology's results unless you pay Big Bucks for the Green Room.....This is the longest post i have ever presented to the a forum. I feel very strongly about my comments and want to prevent heartache where I can.

Cheers
Click to expand...

I would very much like to know what trading school and or service, trading room, etc. you are with now. And if you are still experiencing successful trades. Thanks!
 
I like to listen in sometimes to various services to get a feel for other trading methodologies. And I will sometimes sign up for a trial, paid or not, and am willing to pay a monthly fee. But I really hesitate to pay thousands for a 'method' or training that will make me a 'trader', as I know that takes time and experience. And also I am cheap ... :)

On DTI they do have some sensible guys to listen to, but I always have to turn down the volume when Tom gets on. Sorry but it is usually the hard sell and he really does come off as a salesman first and foremost. I was amazed when I saw that the prices were 7-10K for a course ... ouch. Although any bricks and mortar training will have a lot of overhead, it is just not that necessary anymore.

One time in May 2012 when the markets were most fearful I got an urgent email about an emergency session that night. Tom explained in a grave voice that there was a potential market crash about to happen, that the setup had only been seen a few times in history etc. And they were setting up a 230am special online trading session the next morning for $500. Something like that.

Since it was a fearful day I could feel all my fear buttons being pushed and my impulse would be to sign up. I wouldn't but I could see how easy it would be to do it. Well there may be a crash but it wasn't at that time, no idea how people felt about spending that money and getting up at 230am as well for a non event.

So I don't know how much value DTI has, I am not saying that they are a scam or anything, but seems very expensive compared to other ways of learning over time, and 10K is a nice starting account size... The sales techniques definitely don't work for me, but obviously they are effective to get new students, we all want the shortcut that will pay back quickly.

good luck
 
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