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@FuturesTrader71

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www.futurestrader71...
Category: Twitter
Pro futures trader, principal at Stage 5 Trading. Futures not suitable for all investors. Use #FT71 hashtag when writing.
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Would not recommend
After reading his blog, watching some of the webinars & following FT71 for a couple of months on twitter I have to agree with the "negative" reviews I've read. He's a good guy who's well intentioned but the service is incomplete and inadequate. But is is free.....

As another reviewer noted, MP can be a useful tool but it's not a 'complete' method of trading and you can see and feel the frustration from many of the followers as they struggle trying to implement something that they're (unknowingly) missing pieces to.

As a former student/aspiring trader who struggled mightily I can also vouch for the importance of consistent real-time mentoring because I never made any real progress until I started working with someone who was there with us every day. Or has he used to say - some things can be taught, but some can only be demonstrated over time. And it's here where this service really leaves you wanting - and needing - more.

The main focus, and usually the only focus, is on the ES (E-Mini S&P) which in my view is a another big negative because it is a very difficult market to learn how to trade on, plus it is has a very poor risk/reward ratio when compared to other markets. I was constantly amazed how they watched the ES churn in a tiny range for hours and hours while completely ignoring great opportunities in other markets. And then once in awhile there would be a post by FT that he had been trading other markets like tf/dax but these trades are NEVER covered.

In conclusion, I just don't understand the purpose of this service. First, there's nothing unique about his approach to MP and there are a number of other sources where you can get the same or better information. Second, the real-time component is exceptionally weak. And third, if the goal is to provide quality training then it really begs the following question - why aren't you providing your "followers' the same level of support that you provide for the traders you hire?

Of course the answer to the last question is pretty obvious which is why the structure of this service has to change because right now it just doesn't make a lot of sense.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Limited value
Like one other reviewer stated - he's a good guy no doubt. But like he also mentioned the service is of limited value in its current form.

First, market profile/auction theory is not a methodology in and of itself. It also tends to perform poorly on trend days, wide range days or during periods of high volatility which FT71 freely admits. Since this is the primary focus of the service as it stands now, you're going to be disappointed once you figure out that you're not being provided all of the pieces that you need.

Second, the only way you can really and truly help someone is to work with them in real-time day after day for an extended period of time - and this is where the service really falls short. On the days he's there you may see 1 or possibly 2 trades posted on Twitter along with some other market comments throughout the day which in some ways is worse than nothing, and not even close to what is needed.

I know he has other responsibilities and also that the service is largely free so the above comments are meant as experienced observations, not criticisms. But if you're going to offer training then you're either in or you're out, and you're either free or fee-based, but you can't hug some middle ground which is what is happening here.

And for those who are thinking, well fine gibbs what have you've done to help other traders? I ran a low profile/very low cost chat room/service for a number of years so I'm intimately familiar with what's involved. When done properly it's an extremely time consuming process and one that burned me out, so I know of what I speak.

I would also add that you have to be particularly careful of "reviews" when it comes to free services because these folks are immediately granted god-like status by some solely due to the cost, or lack thereof. But Value is not just a function of cost, and a free service can cost you plenty while a paid service can make/save you a ton.

In closing I'll make a prediction that this service won't be free for much longer. And that may be the best thing that could happen to both FT71 and the aspiring traders that are truly committed to learning how to trade proficiently. This is my hope too because I both like and respect FT71.

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Gibbs Erie, PA

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Top notch professional trader willing to share his views
I've watched many of his free webinars and followed him on twitter for 6+ months and believe he is the real deal. FT71 puts a lot of effort into showing retail traders his view of the market and how to use Volume Profiling to understand what the market is trying to do and how well its doing it.

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Very precise, consistant and risk adverse.
In my opinion if your not a student of this teacher you are missing a chance to learn how to make some money in the markets, not just the futures markets but any liquid market. His personal trading style may be too quick twitch for many but the principles of how markets actually work and how to approach the job of extracting money from them are laid out for all to see, every day. Quite remarkable.

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Absolute MUST FOLLOW for ES
FT71 to me probably one of the most underfollowed twitter resources out there. This guy puts out his calls on the ES minis win or loss. Most of his trades spot on. What I love about FT71 is he also posts his losers. Gives free webinars. I had ES questions for him and he took time out of his busy schedule to help me.

I don't trade ES much, but FT71 has made me a profitable ES trader. More importantly, I follow FT71 for the overall market thoughts and movement on the market. Hands down, a great guy and a must follow on the twitter.

Welsh

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Good Person
He's a good guy, no doubt about that. I found his information to be of limited value.

A guy like this, so much of what he does is based on his feel and experience, that trying to replicate what he does is a fool's errand.

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Betheball Santa Barbara, CA

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Yes, he really is one of the best
Not only is he one of the best teachers, he's an awesome trader. He combines trading, teaching, and life ... all for free. He was one of the first I started following on Twitter, and although my list has changed many times, he has been a constant leading force.

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Fuggeddaboudit - THE VERY BEST IN THE BUSINESS
Hands down, the best. Always giving and helpful. NO STRINGS ATTACHED. Just paying forward.

Great teacher. Keeps it simple and to the point. No gimmicks. All around good person. We need more people like him in this business.

...i mean really, who else does impromptu webinars just for the sake of helping a follower.

Thanks #FT71

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Displaying 1-8 of 8 Total Reviews
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