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He needs more than a pill.. Notice the haughty, elitist intonations in his remarks. He states this is BS, then quotes PT Barnum as if PT is a credible source. PT is a credible source only for scam artists which John Grady is not. I would challenge this guy to put up or shut up. Provide us with a real time, real money week of trading. Do this in real time, narrate the setup as it happens, pull the trigger, (Real money, not some bullshit SIM) manage the trade, exit the position and lets see if his results stand up to his pompous little rant.
Yes, JG's material may be basic and introductory, but thats exactly what its meant to be, basic and introductory. How many times in any business, regardless of skill level somebody goes "back to the basics" and learns something valuable? This occurs because nuance gets by a noob until he/she has some realtime experience to appreciate the value of the material presented by a legit trader like John Grady. John not only trades his money real time with his students, he subjects himself to to the possibility of disgrace and humiliation if he fails to make money in front of his students. Trading profitably can be a monumental challenge in the privacy of ones own real time results . Its entirely another experience trading in front of your students and having the pressure of performing profitably with eyes watching you. Most would crumble with that scrutiny simply because of the additional pressure of having to perform in front of people that paid you a lot of money and expect results. That would apply to legit traders that actually make money privately on their own. They may not be able to make money with the additional pressure of others watching, regardless if they can legitimately make money on their own without an audience.
Well since this thread has been bumped up I realized that I've never made a post. So I figure now is a good time. I only took the beginner's course, and then started watching the DOM every morning. I started recording my trading sessions because of a journal contest here at Futures.io. I found it useful to be able to look back at my trades, and eventually started livestreaming it on the YouTube channel SpeculatorSeth.
Now I don't consider myself an amazing trader. It took me a good 9 months before I felt like I was really seeing the order flow for what it was instead of what I wanted to see. I've been at it about 3.5 years, and only now do I feel like I'm getting a feel for what the day will be. If we're active and trending I'm really happy with my trades. When it gets slow and choppy I do awful. I'm doing pretty well the past 6 months, but I did really well at this time last year only to blow it all and have a terrible losing streak from April - Sept. I have a live account, but I still spend most of my time on sim. I only switch to live when I'm confident the action will be good for me. It's taken me a long time to understand the different times of year, and how to adjust my trading. Based on what I'm told it's quite common for it to take several years for traders to become consistent because of these kinds of market changes. Perhaps I would have developed faster if I had taken the webinar, but I enjoy grinding it out.
Putting yourself out there on stream is hard, and I'm always worried about if I'm doing John Grady's trading method justice. I've met a lot of great traders, or at least traders that I think are better at this than myself. They show me broker statements, and give me a basic overview of how they like to trade. Through all the strategies I've seen I've never come across a profitable trader that wasn't using volume analysis in some form or another. If it wasn't the DOM, they were using volume bar charts or cumulative delta. It's just that essential. I know many people that have become successful traders starting with NoBS, and I would never recommend anything else.
Every once and a while naysayers will show up. I think such naysayers miss why this course is different. He's not selling you a system. He's teaching a skill. He tells you what to look for, and how to develop that skill. Sure the beginner course lists out entries, but then he immediately walks you through the counter scenario when that signal means the opposite. Trading successfully requires hard work, and even then success is often more modest than you think. I think John puts it best at the end of the beginner course ebook:
You miss the point he is making. At many prop shops, they start traders on the DOM and do not let them use charts. Many continue to trade without charts for their entire career. So, for a professional trader with a prop background the DOM is their central, if not their only took when scalping.
I wish so bad I could reach out to new - semi new traders and save them YEARS of hope and $.
I spent years running down endless rabbit holes.
Let me shorten your learning curve.
READ AND MEMORIZE Trading In The Zone
Read and implement The Playbook
If you spend 1/10th of your time doing this instead of sending your money to someone who makes a living selling things to educate traders, you will shorten the learning curve exponentially.
You think you are doing it the easy way on courses and trade rooms etc. Trust me, that is the long, hard, and expensive way.
Now I'm on a rant, find out what prop firms rules are to become a prop trader. Turn on sim and follow those rules until you can consistently (3-6 months) meet the profit requirements under their rules. Then start with 1-2 lot micros.
There it is, my free course, all I charge is a thank you.
I noticed a new webinar for JG here at FIO. I thought that I would post a bit of my experience taking JGs course.
To be clear, a lot of the comments on this thread are from individuals that only purchased his basic or intermediate level materials. Not to be offensive, but, you should seriously discount any comments or feedback from those users and especially users who have no experience with any of his material. The real meat of what JG does is evident in the live streaming advanced course, which I completed.
My training sessions were far from favorable. I took his course in February 2014. At the time, I was trading with another individual who took his course at a different time (Eurex). When we compared our results, we found that John absolutely bombed both sessions. In my session, there were so few winning days that I walked away not knowing what winning setups look like and questioning whether or not the approach John takes works or not. My trading partner had an almost identical experience with John's Eurex course. Finally, I worked with another trader last year who offered nearly identical feedback on a later course he had taken from JG.
Now, these are very small sample sizes - 3 training courses out of the many JG has run over the years. I believe his training material is top notch. He does appear to trade live, but, it's unclear if he is consistently profitable as others have purported. JG has never shared a PnL statement, to my knowledge. I learned a lot about the treasury markets in the course and am using some of those principles in my trading today.
If JG is reading this, one thing that I would have loved is the ability to view material from a positive 2 week session. JG allows former students to come back and watch future courses, but it is a heavy fee for someone who already bought the course and had a poor experience. If he simply had an off training course, then offering students the ability to see him in action when things are working would be quite helpful.
Pros:
- Excellent material that was very well presented
- Clear examples
- Specific, actionable trade setups
- A method that can be applied to other markets
- JG is an excellent teacher - patient and professional at all times
Cons:
- You definitely need screen time to learn his approach
- Poor trading sessions delay learning curve. Yes, it's nice to see how negative trades are handled by a professional. But, blowing up a 2 week course is problematic when part of your training method is designed to model behavior and action for students
- Specific principles and setups limited to narrow range of instruments
For full transparency, following are my notes from the trade course documenting JGs results.
The coding is: -- Time - Lot size, Side, Instrument: Ticks gained/lost: Setup --
9:35 - 10S ZN: -1: Before she goes
- 9:35am trade entry
- 10 contracts
- Short
- ZN
- Lost 1 tick
- Before she goes setup
2/4: +2
9:06 - 5S ZB: +1: Before she goes. Stalling.
9:22 - 5L ZB: -1: Fade at lows.
9:26 - 5L ZB: 0: Fade at lows re-entry.
9:57 - 10L ZN: +2: Fade at lows on ZN. Exited quick due to number coming out.
10:54 - 5L ZB: 0: Lower part of prices, near lows. Saw absorption then tried to get in thinking buyers would come in. Market is dead.
11:59 - 10L ZN: 0: Fade at lows. Went nowhere. Sat for 40 minutes.