Sfpk
Mid course review
The course itself is well structured and very informative and I am enjoying it. I am currently a little less than half way through. The feedback on a per lesson basis is also very useful and I like the structured way Thomas leads you through things step by step. Thomas has also recently added extra lessons to the course which can only help. However (given that I am less than half way through) I have questions about its usefulness in the real world, trading on the US markets, as Thomas doesn't seem to trade them. The system uses a vastly different way to trade than I was familiar with from my (admittedly limited) 2.5 years of prior trading. I asked a question on the group facebook page about that, just to see how others who have finished it are finding it, but the moderators declined to allow it to be published, citing "a high level of repetitive posts". But when I went into the "topics" section where previous topics are archived, I couldn't find any that were similar to my question, so it felt a little like censorship. Additionally, I asked how long after finishing the course that it would seem reasonably likely to move into real trading, and was surprised when I was told that 400-600 paper trades could be necessary to achieve paper consistency before real money trading. I had anticipated that after finishing the course one could move into real money trading quickly (albiet with small size) and then move to scale up as success and consistency grows. I am still optimistic that the course will lead to trading success but I have to admit that a little unease has crept in as regards the course leading me to trading success. However I intend to work diligently through it and hope that my concerns are unfounded. I hope that the rest of the course will show me the things that I am currently lacking in order to trade successfully. (this was the reason for my question on the facebook group hence my disappointment at it being declined) I am sure Thomas is genuinely interested in his students success and I am not suggesting in any way that the course does not have value. I am just expressing my thoughts on it at this stage. I will update once I have finished the course if I am able.
Response from Thomas KralowAug 31, 2021
Dear student, Thanks a lot for your feedback! And I am super happy to hear that you are enjoying the learning program! Rest assured, you will love the rest of it even more. As for the posts in the community: Its not really censorship, its more of us trying to oblige everyone's desires. There have been a bunch of students complaining about the number of posts being too huge. They said that they are getting lost in all the posts and can barely track them. That's why we are now limiting them to the best of our ability and trying to keep them precisely about the learning material (the initial purpose of the community). As for your question, it really was discussed many times before. Especially in the comments under numerous other posts from other students. The learning material is applicable to absolutely any market - US, EU, Asia. Stocks, crypto, futures, etc. You will learn about all the differences between futures and stocks later on in the program. No worries at all about that. And all of that has been tested by time again and again. There really isn't much more to trading besides what's already included in the learning program. About practice stages: there will be necessary practice stages, that goes without saying. You will soon understand the TREMENDOUS value behind this practice. Not a single trading coach has this procedure within his/her education. Its an absolute lifesaver. Theory is theory. However, putting it all to work can pose its own challenges. Precise and controlled practice stages are designed to help smoothen out the start. You cant really jump into a huge case being fresh right out of law school, right? You need some experience first. And in the world of trading, you can do that risk-free using a few interesting and super useful practice stage concepts that you will learn about by the end of the learning program. Having said all of that, I urge you to trust the process and enjoy the journey! Warm regards, Your mentor / Thomas Kralow