Hey Suzziepig,
Do you have a life?
It is funny but you post more about Puretick than I do.
And I own the business!
The other amazing thing is that for someone who admits on Elite Trader that you have never been a member, don't you feel quite stupid for all the criticism?
I criticize lots of things. But I have never criticised something I have never tried.
Your constant posting is truly appreciated. But you really should try to do something else in your life.
Like me for instance. Today I took my NEW AIRPLANE out for a flight just for the hell of it---just to reward myself for making a career out of this very tough business of trading.
While flying I actually thought of Elite Trader.
I did not speak to Geoff (Cajun to our room members) this weekend yet and was thinking about some creative way to stir up some of the Puretick groupies. Ya know, get you regulars angry so you can spend the next few evenings posting like mad and generating more interest in my web site.
And here I log on and see Geoff has made a couple of comments and the pack has gone ape again.
What a great business model, don't you agree?
Now think about this people.
I have an accounting degree, not a marketing degree.
Yet if I can understand the human mind as well as I do and get dozens of people to spend their whole weekend just salivating and waiting for one of us from Puretick to post something; then go wild with responses---do you think that same understanding of human nature helps in my trading?
You bet it does.
That is the one thing, in my opinion, that turned me around from being an unsuccessful trader to a consistently profitable one.
The good news is:
If I did it the rest of you can too.
The bad news is:
I did not do it overnight.
There are lots of jokes about 20 pt targets and 5 pt stops etc. but honestly, there are no magic indicators in this room.
The setups I look for are mostly setups based on failed patterns that trap traders.
That is my edge.
Unfortunately it is exactly the kind of trades that most traders will eschew.
They are hard to take. Like the top we called at 3:13PM on Friday.
We actually discussed this "fake out break out" a half hour before it happened.
It was a low volume, half the pit kind of trade where we alerted our room members to.
Even our trading room only had about 75 members in it at the time.
People were bailing for the weekend.
Yet the mkt was pushing slowly higher. The last trade before that was called long for a few points profit.
We said that this time instead of taking a break out long trade, we would be on an alert for a new high that would not hold. My suggestion was that if in 30 seconds after the new high the mkt was trading lower, then it would be a short.
Yes, the famous 20 pt. stop was in effect. But you did not need more than that. If after the high was put in the mkt went lower it could not take out the high again then you were to stay short.
If a new high was made again, you did not want that trade---take the small loss.
The small loss never materialized. The market kept going down.
Now the bad news.
Two members of our trading room emailed me over the weekend to quit.
Why?
They faded that call.
Maybe they read too many Suzzypig critiques on how fraudulent we are.
They both went long heavily and rode the market down.
Don't know why but this does happen. We lose lots of traders this way.
Maybe keeping risk low is a good idea gang?
If not you might not be in the room the next week.
That is why we do need to get new clients. Not every person has what it takes to be a professional trader. Not even people who are members of our trading room, I am sad to say.
Successfully,
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 ( 1-877-465-6641 )