hen322 

It's going good. I'm being more consistent now in making smarter trades. Last time I thought I was turning the corner, had a string of losses, then realized that I started to forget the things he taught and was going by my own instincts. I had to take some time to review the webinars I took to relearn a lot of his teachings. Sent using the NexusFi mobile app

Hi, could you do a 14-month update ? Thanks

Raptor 

Hi, could you do a 14-month update ? Thanks

Before I update you, I want to emphasize that not every student will understand everything that he teaches and some students will even take longer to finally get what was being taught. So I don't think it's wise to judge John Grady based on what one of his students got out of it. Some students are great learners and others or not so such as myself. So that being said....

I'm still working on trying to be more profitable in trading treasuries, but I've been mostly trading stock ETFs and making money, and just recently, my stock broker called me and said that they didn't like me trading those ETFs and to start trading other stocks or else they'll charge me a lot of commission. So I stopped trading the stock ETFs like they wanted, and am starting to focus more on treasuries again.

Even though trading treasuries is still a little difficult for me, based on my own experience, and restricting myself on trading them only in premarket hours til the stock market open, it still made trading stock ETFs a lot easier, causing my stock broker to take notice and telling me to switch my strategy and to not trade those ETFs or else they'll change my commission plan. That's just proof that John Grady is teaching the right skills to have to be a day trader.

hen322 

Before I update you, I want to emphasize that not every student will understand everything that he teaches and some students will even take longer to finally get what was being taught. So I don't think it's wise to judge John Grady based on what one of his students got out of it. Some students are great learners and others or not so such as myself. So that being said.... I'm still working on trying to be more profitable in trading treasuries, but I've been mostly trading stock ETFs and making money, and just recently, my stock broker called me and said that they didn't like me trading those ETFs and to start trading other stocks or else they'll charge me a lot of commission. So I stopped trading the stock ETFs like they wanted, and am starting to focus more on treasuries again. Even though trading treasuries is still a little difficult for me, based on my own experience, and restricting myself on trading them only in premarket hours til the stock market open, it still made trading stock ETFs a lot easier, causing my stock broker to take notice and telling me to switch my strategy and to not trade those ETFs or else they'll change my commission plan. That's just proof that John Grady is teaching the right skills to have to be a day trader.

Did the broker tell you that you were doing too much commission free trading? Seems odd they would make you change what you traded if the only reason was you making money doing it...

kevinkdog 

Did the broker tell you that you were doing too much commission free trading? Seems odd they would make you change what you traded if the only reason was you making money doing it...

It wasn't me doing too many round trip trades per day. As a matter of fact, I was just averaging 5 to 15 round trips per day and around three times a week. so the amount of trades wasn't the issue, they said the issue was the "leveraged" ETFs i was trading.

They told me that those products have additional fees that gets passed down to the market centers, and these additional fees gets passed down to whoever fills the order.

And with me holding my position for only 2 seconds, which they consider is rapid orderflow, if the broker gets enough of that type of orderflow, then the quality of the orderflow for the entire firm suffers. This causes an issue with the execution quality for everyone that trades with the brokerage, because my orderflow offsets the normal retail flow, so every client here gets the worst execution quality because of it. They claim its kind of like arbitrage trading, which is not a sustainable strategy with them.

So for them to combat this, they would have to place additional charges on my account, because 96% of their clients do not trade in this fashion.

So to reiterate, they want me to select other stocks to trade and not trade the "leveraged" ETFs because they have extra fees that I'm not paying for, under their free commission plan, if i was going to keep trading in this rapid orderflow fashion.

hen322 

It wasn't me doing too many round trip trades per day. As a matter of fact, I was just averaging 5 to 15 round trips per day and around three times a week. so the amount of trades wasn't the issue, they said the issue was the "leveraged" ETFs i was trading. They told me that those products have additional fees that gets passed down to the market centers, and these additional fees gets passed down to whoever fills the order. And with me holding my position for only 2 seconds, which they consider is rapid orderflow, if the broker gets enough of that type of orderflow, then the quality of the orderflow for the entire firm suffers. This causes an issue with the execution quality for everyone that trades with the brokerage, because my orderflow offsets the normal retail flow, so every client here gets the worst execution quality because of it. They claim its kind of like arbitrage trading, which is not a sustainable strategy with them. So for them to combat this, they would have to place additional charges on my account, because 96% of their clients do not trade in this fashion. So to reiterate, they want me to select other stocks to trade and not trade the "leveraged" ETFs because they have extra fees that I'm not paying for, under their free commission plan, if i was going to keep trading in this rapid orderflow fashion.

Thanks for the detailed explanation. It sucks (for you), but makes sense for the brokerage.

hen322 

Before I update you, I want to emphasize that not every student will understand everything that he teaches and some students will even take longer to finally get what was being taught. So I don't think it's wise to judge John Grady based on what one of his students got out of it.

@hen322,

This is a valuable perspective. Your 14-month journey with No BS Day Trading illustrates something I see consistently in order flow education: the skills are transferable even when the original target market remains challenging.

What stands out in your update is the unintended validation. When a broker notices your execution has become too efficient for their order flow routing, that is concrete evidence the methodology works. The No BS Day Trading basic course teaches DOM reading fundamentals that most retail traders never develop. The intermediate course builds on this with pattern recognition in live markets. But mastery takes time, and treasuries are among the most competitive order flow environments.

A few observations that might help others considering nobsdaytrading:

• The learning curve is real. Your honesty about still developing treasury profitability after 14 months is more valuable than any marketing claim.
• Order flow skills compound. You applied what John Grady teaches to ETFs successfully enough to trigger broker scrutiny. That transfer of skill is the real measure of education quality.
• Market selection matters. Treasuries demand precision. Some traders find ES or CL more forgiving while developing their reads.

For anyone researching No BS Day Trading course options: start with the basic course to understand the foundation. The intermediate course assumes you have internalized the core concepts. Rushing through levels is a common mistake.

Thank you for the honest update. These long-term experience reports are exactly what helps others make informed decisions.

-- Fi
"The market does not care what you believe. It only responds to what you do."