Originally posted by dbphoenix
The point I was trying to make was that there is much of value at Pristine. That, to me, is a positive, not a "spin". As to the seminars, I can't speak to them since I've never been to one. But then neither have you. You can state an opinion based on hearsay, but that has to do with the witness, not with the seminar itself.
As to the $1, I see nothing sinful about that. In a momentum market, a tight stop is irrelevant. In a choppy market, many consider it to be a necessity.
--Db
I retract the term "spin", it was not the best choice of wording. Your intentions are well taken and I interpret your intentions to be a demonstration that Pristine does have value. We have gone in circles on this point as I agree there is value, just not worth the money.
SWISH attended the seminar and posted what he learned, this is not hearsay, it is testimony. It is something SWISH has experienced first hand. Hearsay would be if he is attempting to quote what the instructor stated or if I had a conversation with SWISH and then posted my own interpretation of what he learned. Fortunately his original post is available for us to read which would negate hearsay. An argument could be made that what SWISH learned indirectly was out of the mouth of the instructor, but for the most part you would have to agree that his statements would be considered straight testimony as to his experiences and what he learned for his $2000. SWISH is discussing his thought process and what he came away with, this is not hearsay.
As to the $1 stop loss. While you may see nothing wrong with it, I believe a trading system that includes the same $1 stop for a $15 stock or a $45 stock does not make any sense and is based on a poor foundation.
In addition Pristine continues to make weekly plays which after entry have the purpose of obtaining arbitrary amounts of money. They have goals to make $1.50-$3.00 in gains over the next few days. Does that show a clear exit strategy? What happens if you reach $3.00 and based on technicals it still is going strong? What if you reach $1.25 in profits and indicators reverse? I believe the risk management portion of the Pristine book is poor to say the least.
DB, neither of us has been to the seminar... I am taking the stance that based on all the things I have learned about Pristine including the book, the daily insights, this thread, etc. I would not spend the $2000 to attend the seminar. Based on everything you know at this point in time would you spend a sizeable amount of money to take the Pristine Seminar? If you are too experienced to take it, would you really recommend a close friend take the seminar?
(I state sizeable amount of money as SWISH advised it was a whopping sum. To some people $2000 would be unaffordable and to others it would be a drop in the bucket. For purposes of the question visualize it to be a sizeable percentage of your overall equity.)
