Originally posted by Swish
I've read through the posts herein with interests and kinda think its funny how the posts get more and more negative as people add their opinions.
Interesting, isn't it?
Let's go back to the original question. I can't speak to the "training" or the seminars or the chat room since I've never become involved in any of that. And I'm not sure that any of it is necessary. Whether it's desirable or not is another question.
However, I found the book to be excellent. Yes there are references to the Pristine Method and Pristine seminars and training, but so what? All the gurus from Alan Farley to Brandon Frederickson to Teresa Lo to LBR to TradingMarkets to whomever are just as bad as far as hawking their wares. But the book is specific enough with regard to its basic strategies and tactics to provide the beginner with a start, though no one book is going to be enough in and of itself.
The book aside, there is a wealth of information at the Prisine site in the Trading Lesson of the Week, Chart of the Week, etc, archives. Many of those articles, all available for free via email, are as clear and specific as one could want. A few weeks, if not months, studying those archives will save any beginner some substantial money.
Understand, however, that Pristine is discretionary. Therefore, those who complain about the TA and the "fuzziness" are setting up straw men. You'll learn a great deal about interpreting charts from those articles. But you won't learn anything about trading mechanically. Nor will you learn anything about indicators since Pristine has no use for them; they are rather about price-volume relationships and patterns.
Understand also that Pristine is about momentum. Without momentum, their setups won't work. Which is why so many of their setups haven't worked. There hasn't been much momentum. But you have to ask yourself whether you'd rather be in a losing trade or acquire the discipline to avoid the trade altogether. Pristine will not teach you how to trade chop. At best, it will help you learn how to avoid chop.
All, except for the book, free. If after you've gone through all that's available for free you decide to undergo their training, that's something else. But this is not a take it or leave it situation. You are able to evaluate their approach yourself, for nothing, rather than rely on opinions alone.
As for the Stock Play of the Week, it's ludicrous to expect a lot of winners from these. The point of these emails is to explain the setup. Whether the stock ever provides an entry or not is beside the point. If you want stock picks, you're not going to get them from free emails.
--Db
