New Blog for Day TRADERS!

Quote from Priapus Maximus:

I just read that series of posts, quite amusing. There are only three possible explanations for Colin's behavior: he is Micheal Covel, he works for Michael Covel, or he is a completely naive idiot.

I'm going with the "he is Michael Covel" theory. Michael would characterize himself as a journalist and writer and he definitely is no trader, just read his drivel for yourself and you can see that.

I think the negative comment posted here is just a clever ruse to throw us off the track.

Priapus P. Maximus
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I have not posted in this thread either. Interesting conspiracy reading though.
 
Quote from Trend Following:

I have not posted in this thread either. Interesting conspiracy reading though.
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How does this have anything to do with the puretick blog?
 
Quote from Spectra:

How does this have anything to do with the puretick blog?
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Good question. I did not put my name in this thread, others did. I responded.
 
Quote from Spectra:

How does this have anything to do with the puretick blog?
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Quote from Trend Following:

Good question. I did not put my name in this thread, others did. I responded.
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...uh oh...Blog War...due to illegal entry....
 
Quote from colinwilson:

The blog was checked out. You come across like a rank amatuer.

The snake charmers are RUNNING FOR THIER FINANCIAL LIVES!!

After being exposed on elitetrader, then trying to actually trade, they failed miserably--

Although near the end of deadzone it looked as if the ES, which at 1:57 PM EST was trading 5 3 minute bars below its daily pivot, might sell off and pull the YM down with it (the advancers-decliners had recently turned negative) the price actually ended up rallying to test the highs of the day of 12637. In general, the afternoon can be characterized by choppy price action with lack of follow through. Two Official Room Calls were issued in the afternoon both of which were shorts. Our first short call was issued by Alex based on an overbought trigger at 2:30 PM EST with entry fill price of 12618, and stopped out for -9 points. Our second Room Call short occured at 3:02 PM EST from an entry price of 12620. Alex saw that there were stubborn buyers at the 12617-618 level and instructed new traders in audio to exit at market (from a price of 12617-12618) and get out of their shorts immediately before the original target 1 of 12613 was reached. Newbies should have been able to get out of the trade with 0-3 points. Pros who were holding out for the full target were stopped out for -7 on their remaining contracts at the 12627 stop. Our MaxSpan (opening 15 min range breakout/breakdown strategy) was stopped out for its first time as the highs of the day were tested. Definitely, it was a very tough day for us. For those of you following our articles (daily recaps/transcripts/blogs) or Alex’s audio transcripts (refer to the first 15 minutes or so of Friday’s 1/12/2007 audio transcript) Alex suggests that due to the large stops (40 points) that can occur on our MaxSpan strategy, you should risk no more than a 1% portfolio drawdown for a stop. For example, if you were to use 3 YM contracts for MaxSpan, your minimum account size would need to be 60k in order to accomodate a 3 contract times 40 point initial stop ($600) in the event a stop is taken. Evaluate the quality of the PureTick.Com day trading signals for yourself by observing our calls unfold in real time. It is an affordable $10 for 10 calendar days for new customers to sign up for our trial period: http://www.puretick.com We feel that you will be pleasantly surprised!


Educated consumers aint your best customer.

just look at this blog! its like they never traded before~!
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Wow...some method of trading YM's......giving them a whole 9 ticks against them.....too funny......my condolences to anyone who tries to trade this way. Churn em and burn em baby.

I love how they talk about newbies and pros. It's pretty much a lock that everyone who follows their method are newbies. Would love to see their definition of a pro. It's amazing the crap that people try to sell.
 
Your entitled to your opinion. I just go with what works. Today was pretty choppy yet every trade Alex's system cranked out was profitable. I almost fell asleep toward the EOD stuff. Don't waste the $10 on a trial if your going to be pessimistic.

CajunSniper / Puretick.com Administrator-Trader

Wow...some method of trading YM's......giving them a whole 9 ticks against them.....too funny......my condolences to anyone who tries to trade this way. Churn em and burn em baby.
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