| FAQ for the Drummond Geometry Lessons |
| Here are some frequently asked questions about Drummond Geometry
and the Lessons. |
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How long will it take
me to finish the Lessons?
We have planned the Lessons so that they take between five
and ten hours each to complete. Individuals vary, of course,
and many students will want to spend more time reviewing
the material to make sure it is completely understood.
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How long will it take
for me to be able to trade this methodology?
This is hard to answer definitively but we suppose that
six months is a reasonable answer. There are tradable ideas
in each Lesson, but it will take some time to assimilate
the material and incorporate it into your own trading style.
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Do I have to finish all of the Lessons before I can
trade this methodology?
No. Each of the Lessons includes valuable trading ideas
and you should be able to make good use of the information
immediately. That said, we should add that Lessons 1-15
provide the roadmap and Lessons 16-30 focus more on actual
driving.
You can order the Lessons in groups of five. There are
tradable ideas in each group of five Lessons. Naturally,
things get better the more you know, and you will likely
be more successful after 20 lessons than after studying
only five of them. But you do not have to complete the course
before you can start taking advantage of the insights and
the methodology.
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The methodology seems complex. Will I be able
to understand this and trade it?
P&L/Drummond Geometry can seem complex at first because
there are some unfamiliar line and tools to learn. However
once the methodology becomes familiar to you, it will be
seen as a simple and straightforward set of tools for trading.
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2500 pages of text sounds like too much for
me.
The multi-media Lessons themselves contain the full methodology.
Traders will find the nine volumes of Drummond's original
writings useful and valuable but they are supplemental and
not required when learning the trading methodology.
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What kind of results can I expect trading Drummond
Geometry?
Results differ with different traders, as might be expected.
Some have done and are continuing to do very well. Some
are still learning. And some are not able to master the
psychological and money-management aspects of trading, and
hence are not doing particularly well, and remain as breakeven
traders. The Drummond Geometry tools do permit extraordinary
financial returns far beyond what is conventionally regarded
as attainable. We give you these remarkable tools but the
results you attain with them will be up to you.
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Is there a track record?
Drummond has always been research-oriented when developing
trading methods. There are many research reports and track
records presented in the book "Charles Drummond on
Advanced P&L." We think you will find them quite
impressive. However the methodology lends itself to many
different trading styles and for that reason we do not hold
out a single track record as a model for other traders to
emulate. We prefer that traders conduct their own research
with P&L, as research that is carried out personally
is always the most credible.
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Does it tell me when to buy and sell? Does it
contain clear signals?
The Lessons give clear indications of when to buy and sell.
We stress that there are many ways to trade this methodology
and the user will want to tailor the approach to fit his
or her own trading style and risk parameters. But the tools
give clear signals and the Lessons provide ample trading
guidelines.
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What kinds of experiences are other students
having with Drummond Geometry?
Here are a few comments from recent students.
How has Drummond's work affected your trading, i.e.,
compared to how you traded prior to using these concepts?
"One can now accurately anticipate pauses, reversals,
congestion entrances and exits. And even more importantly,
one can often determine when the expected is not happening
- well before stop losses are hit, sometimes even while
the "bad" position is still profitable. So reverse
and go with the opposite."
"Most trading methods are like driving a car while
looking in the rear view mirror. Conversely, P&L is
one that actually looks forward to the potential turns up
ahead. Then it is simply a matter of seeing whether the
car starts to turn."
"Another thought: the AWARENESS Psychology taught
by Charlie and Ted is quite good as well, and is equally
important to success. Think on Good Things."
"Having a great time with the course...my ability
to anticipate probable price movement improves daily. Keep
looking for something to criticize, but can't find it."
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Do I have to have your indicator software to
use this methodology?
We recommend it. While it is not excessively hard to program
some of the simpler tools into Omega Research's EasyLanguage
or other programming languages, it is far from simple to
program the more complex tools and especially the time period
overlays which permit you to visualize one timeframe on
top of another. We believe that the software we have made
available is a very worthwhile investment.
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Do I have to purchase Super-Charts or TradeStation?
In theory, you do not have to have a particular brand of
software; the methodology works independently of the software
and can be hand charted or calculated separately from any
charting package. As a practical matter, however, we highly
recommend either Omega Research SuperCharts or TradeStation
together with the Drummond Geometry indicator software.
It makes life much, much easier.
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Is it suitable for intraday trading? How about
longer term trading?
Yes, both the software and the overall Drummond Geometry
methodology work very well for short-term intraday trading,
and work equally well for weekly, monthly, quarterly or
multi-year trades.
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Is there some way for me to get a feeling for
Drummond Geometry without purchasing the full set of five Lessons?
There are several steps you can take. First, spend time
reviewing the two web sites that contain material about
Drummond Geometry: www.pldot.com and www.tedtick.com. There
is quite a lot of information on these two sites. Second,
you can review the first Lesson, which is included in its
entirety on the free demo disk that is available from tedtick.com.
And third, you could purchase the book "How to make
money in Commodities
. and lots of it," which
is Drummond's first book, written in 1978. While there is
a great deal more to P&L methodology that has been developed
in the intervening 26 years, the "How To
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book does include some introductory material on P&L.
This volume is available for $150 and the cost of this book
may be applied towards the cost of the first set of Lessons,
as it is normally included in that part of the course. It
is also possible to purchase Drummond's other books separately
from the Lessons, if so desired, and the cost of those books
can also be applied towards the course itself, if the Lessons
are purchased within 12 months of buying the book.
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I am a beginning trader and do not have an extensive
background in the markets. Will Drummond Geometry give me a
suitable trading style for my level of experience?
Traders come to Drummond's work from many different backgrounds.
Some have had many years of experience and came upon Drummond
only after they had been disappointed elsewhere. Others
have virtually no trading experience and start from scratch
with Drummond Geometry. The methodology is effective for
both experienced and novice traders. The Lessons do not
assume that the student has years of experience before studying
this material, and one can learn how to trade from the Lessons
with very little additional information from other sources.
Obviously the learning curve will be a bit longer for those
who have never traded before.
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