NexusFi: Find Your Edge


Home Menu

 





DTI with Tom Busby (www.dtitrader.com)


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one cory with 3 posts (2 thanks)
    2. looks_two Cloudy with 3 posts (0 thanks)
    3. looks_3 tickvix with 2 posts (1 thanks)
    4. looks_4 Jigsaw Trading with 2 posts (0 thanks)
      Best Posters
    1. looks_one krctrader with 7 thanks per post
    2. looks_two JonnyBoy with 3 thanks per post
    3. looks_3 Koepisch with 3 thanks per post
    4. looks_4 xplorer with 2.5 thanks per post
    1. trending_up 33,250 views
    2. thumb_up 34 thanks given
    3. group 17 followers
    1. forum 32 posts
    2. attach_file 2 attachments




 
Search this Thread

DTI with Tom Busby (www.dtitrader.com)

  #11 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,535


Rayzor View Post
You will never know if it is sim either, you can't see the bottom of the DOM to tell.

Wouldn't matter even if you could - the account # and color scheme can be easily faked, and still wouldn't matter even then, because of another hundred things someone can do if they really want to deceive you...

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Exit Strategy
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
24 thanks
The Program
18 thanks
  #12 (permalink)
 
ThatManFromTexas's Avatar
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
Thanks Given: 1,206
Thanks Received: 4,348


markw View Post
This past Monday I attended a free DTI webinar on trading Crude Oil. The host was Tom Busby who said he had traded oil that day and made $3100 and showed a snap shot of his dome. Tom said it was not sim

So what else did you come away with from the webinar besides a screen capture of a DOM?

Did they tell you anything besides how much they charge to teach you their secret stuff?

Did they take any live trades while you were watching?

If they are that good at trading , why teach seminars. Why not just trade more contracts? Seems like a lot of hard work for less money ... unless of course they busted their account and teach seminars to raise new capital.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
Thanked by:
  #13 (permalink)
 markw 
California
 
Experience: Intermediate
Platform: ninja,md
Broker: zen,dtn
Trading: CL
Posts: 26 since Aug 2009
Thanks Given: 56
Thanks Received: 16


If I am Tom Busby and I wanted my students and guests to believe I am trading live I would not post a dome in sim(slate blue) color mode. My live Ninja dome is white and I can't change it to slate blue(and why would I). TMFT what I learned from this
webinar if there is BS leave and that is what I did.



Mark

Reply With Quote
  #14 (permalink)
 gg80108 
Castle Pines N, CO.
 
Experience: Advanced
Platform: NinjaTrader
Broker: Amp Futures/Zen-Fire)
Trading: ES
Posts: 201 since Jul 2009
Thanks Given: 196
Thanks Received: 132

Billy Mays ( https://en.wikipedia.org/wiki/Billy_Mays ) could have taken a lesson from these guys!!!!
Attended their morning infomercial, they call live trading,, lots of hype lip service trades, but no real trades...

Reply With Quote
Thanked by:
  #15 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,393


Big Mike View Post
Wouldn't matter even if you could - the account # and color scheme can be easily faked, and still wouldn't matter even then, because of another hundred things someone can do if they really want to deceive you...

Mike


actually - the background on that DOM is the default for a SIM account....

I think there is a way you can trade legit and show it.

With IBs TWS, it clearly shows if you are logged on as SIM - with the words "Sim Account" all over the place and it's NOT where your account number usually is.

So - in a video, you could show TWS and it would show live trades going in & out. I don't see how it could be faked on a video.

Visit my NexusFi Trade Journal Reply With Quote
  #16 (permalink)
 Abde 
Stuttgart / Germany
 
Experience: Intermediate
Platform: FlatTrader
Broker: GFT and Interactive Brokers
Trading: ES, DAX
Frequency: Every few days
Duration: Days
Posts: 533 since Aug 2010
Thanks Given: 2,141
Thanks Received: 729


tickvix View Post
Any of you ever had any classes at DTI? What do you think? Was any good? Do you think it was worth of money they are charging?

Thank you
TickVix/Gregory

Gregory,

I didnīt took a TDI course but attended a few times their free Wednesday on the web introduction which is a pure sales pitch. When I asked unpleasing questions Tom Busby was becoming arrogant. My opinion is that they make a living out of their courses and not trading. And what will you learn from a man who lost his complete fortune in one trade? Think about it.

Abde

Reply With Quote
  #17 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,535


DionysusToast View Post

So - in a video, you could show TWS and it would show live trades going in & out. I don't see how it could be faked on a video.

Doesn't matter. If you want to deceive someone, million ways to do it. Here are a few off the top of my head:

1) Video shows you made huge money. But prior few days you lost bigger, not on video.
2) Video shows huge money and weekly gains. Statement posted showing huge profits. But another account exists hedging this one, taking opposite/reverse trades, which has huge losses that you don't see.

I'm just saying that "proof" of ones profitability does not exist. You could know the trader in person. You could see their home, their cars. Unless you are their accountant, you really don't know if they are profitable trading. Another possibility would be if you were their broker, and had reason to believe there was no hedge account elsewhere.

Obviously, scam artists will continue to scam. And the rest of us are just trying to trade, and of course some of us are quite successful at it but people will continue to question even the legit among us because it is hard for them to believe people can be successful trading. Goes both ways.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #18 (permalink)
 Relentless 
Tuscaloosa, Alabama
 
Experience: Intermediate
Platform: NT7, TOS
Trading: Futures, Equities
Posts: 19 since Aug 2011
Thanks Given: 5
Thanks Received: 7

Stay Away!

Never pay a dollar for indicators and stay away from anyone trying to charge$$$ thousands. This guy Busby is strange. I personally asked him what his edge was and he couldn't answer. Again, stay away or watch your money disappear.

Reply With Quote
  #19 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
Posts: 687 since Jan 2012
Thanks Given: 309
Thanks Received: 617


Abde View Post
Gregory,

I didnīt took a TDI course but attended a few times their free Wednesday on the web introduction which is a pure sales pitch. When I asked unpleasing questions Tom Busby was becoming arrogant. My opinion is that they make a living out of their courses and not trading. And what will you learn from a man who lost his complete fortune in one trade? Think about it.

Abde

Stopped in to check out the DTI open room webinar for Presidents day

I'm getting the impression (currently in webinar as I type) it is let me sell you this and Oh you want that? Reminds me of BetterTrades.com (yes they got me for about $3K or so.)

As mentioned earlier in this thread screen time is the best way to learn anything - there's no panacea.

++++++++++++

Gregory please elaborate on losing his fortune

Thanks

Bill

Follow me on Twitter Reply With Quote
  #20 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, various
Broker: various, TDA
Trading: NQ,ES
Posts: 2,124 since Jul 2011
Thanks Given: 2,396
Thanks Received: 1,748


I had signed up for their free webinar. It was moderated staffed by Tom and his sons and some extended family and friends and of course it was about an invitation to attend another webinar and some free trial or something. Then the spam hit. I got like an email everyday from DTI. Even a phone call from some lady probably in the sales dept. Every email seemed like an ad for another webinar, or another 3rd party related webinar or seminar. (examples: "Market Volatility Summit, feb 23, 25", 3 different webinars on "WoW", 3 book pkg offered for $100 by Tom and Patsy. "psychology workshop for $999 /w Dr. Frank", etc. ) So it seems like besides the webinars each day there are bunch of other affiliates and their offers.

About the fortune. During the ad webinar I attended, Tom asked everyone what was the biggest they lost in one batch. Some people said $1000 this week, some said $10,000. Then Tom said he lost $400k sometime during the 80's. I forget if he mentioned it was during Black Monday 1987 or not.

Visit my NexusFi Trade Journal Reply With Quote




Last Updated on January 6, 2021


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts