Hi all,
Let me make this very clear.
I have been following Tom Dante for the past 15 months (since i started my trading journey).
I had his old course (the edge is no longer there on the H1 strategy, unless you want to lose money).
The D1 strategy offers very low RR not to mention the frequency of trades is also a problem. The signal is on the d1, which means you only have 240 candles per year, you're bound to have few trades.
If you want faster returns, you need to a) reduce timeframe b) increase markets followed. Obviously Dante never mention this, unless i skipped his lessons which i doubt i did. So you best be trading up to 30 markets if you want to clone his D1 strategy.
The new course (2018) is far more discretionary, with very *little* edge. He calls them, trading naked levels. Again, the RR is skewed as Dante trades levels. This is great if you have a 70% strike rate but awful if you are below 60 or 50. Your equity curve will quickly go in drawdown. Obviously Dante doesn't mention this either. All this guys talks about is how important journaling is and while i agree with him, no amount of journaling will help you unless you have an edge over the market. Read that again.
A side note.
A friend of mine did Dante's course back in 2018, he took a small account and live traded it to build it up as a challenge (By the way, during that year, Dantes attendance was very sporadic. The course was initially scheduled to last 3 months but it actually went on over a year due to so many missed sessions by him. As a result a lot of them lost interest towards the end and missed the live sessions but caught up on the recordings instead. My friend did tune into the group skype channel the following year where all the messages from him on that account were. And in short, he failed to turn a profit on that account.
Dante tried to defend the whole thing by claiming you can have these outlier years when there is no profit, but in the long run it is profitable. I am not doubting him - i think he is definitely a genuine guy. But it is something to keep in mind when not making equity highs that even he went on a long stretch failing to make profit.
Why do i say this? If you are not following his Bund strategy (5min) you're going to have a very tough time turning anything of his daily and swing strategy in profit. I also noticed in the recorded lessons from that year he was in the middle of a 5 month stretch with no equity highs on the bund strategy. I found that very surprising I have to say. On the bund I would have thought over a 5 month period he would have taken many trades for the edge to play out (Not so much with the swing strategy).
Cheers
Ledges as Dante says!