| Frequently
Asked Questions |
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Here
are some frequently asked questions
about Drummond Geometry and the
Lessons.
Q: How
long will it take me to finish the
Lessons?
A:
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.
Q: How
long will it take for me to be able
to trade this methodology?
A:
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.
Q: Do
I have to finish all of the Lessons
before I can trade this methodology?
A:
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.
Q: The
methodology seems complex. Will
I be able to understand this and
trade it?
A:
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.
Q: 2500
pages of text sounds like too much
for me.
A:
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.
Q: What
kind of results can I expect trading
Drummond Geometry?
A:
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.
However, 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.
Q: Is
there a track record?
A:
Drummond has always been research-oriented when developing trading
methods. There are many research
reports and track records presented
in "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.
Q: Does
it tell me when to buy and sell?
Does it contain clear signals?
A:
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.
Q: What
kinds of experiences are other students
having with Drummond Geometry?
A:
Here are a few comments from recent students.
How
has Drummond's work effected 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.
Q: Do
I have to have your indicator software
to use this methodology?
A:
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.
Q: Do
I have to purchase Super-Charts
or TradeStation?
A:
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.
Q: Is
it suitable for intraday trading?
How about longer term trading?
A:
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.
Q: Is
there some way for me to get a feeling
for Drummond Geometry without purchasing
the full set of five Lessons?
A:
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 20 years, the
"How To…" book does
include some introductory material
on P&L. This volume is available
for $150 and 50% of 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.
Q: 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?
A:
Traders come to Drummond’s work from many different backgrounds.
Some have had many years of experience
and came upon Drummond only after
they have 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.
More
info:
If
you have further questions about
Drummond Geometry or the P&L
Lessons please call us at 1-800-552-2317
or send an e-mail to school@tedtick.com.
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