Here are some frequently asked questions about Drummond Geometry and the Lessons:
How long will it take me to finish the Lessons?
How long will it take for me to be able to trade this methodology?
Do I have to finish all of the Lessons before I can trade this methodology?
The methodology seems complex. Will I be able to understand this and trade it?
2500 pages of text sounds like too much for me.
What kind of results can I expect trading Drummond Geometry?
Is there a track record?
Does it tell me when to buy and sell? Does it contain clear signals?
What kinds of experiences are other students having with Drummond Geometry?
Do I have to have your indicator software to use this methodology?
Do I have to purchase Super-Charts or TradeStation?
Is it suitable for intraday trading? How about longer term trading?
Is there some way for me to get a feeling for Drummond Geometry without purchasing the full set of five Lessons?
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?

 


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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.

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.

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.

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.

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.

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. 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.

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.

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.

What kinds of experiences are other students having with Drummond Geometry?

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."

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.

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.

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.

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 20 years, the "How To…" 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.

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 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.

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