Puretick.com

Quote from rmarshceint:

Room at PT is solid. Been in the Trial week the last 6days and I learned an incredible amount from Head Trader about developing a sound strategy and proper risk management. There is no question he occasionally makes mistakes on his calls like any human being, but he really minimizes the damage thru proper execution management and engrains this important concept into his students.

I will not be renewing for now only for the reason that I will be out of the country and not trading for the next 1.5 months.

Out of 10 I would give PT a solid 9 for overall utility and benefit to subscribers.

I would guess if I did it on my own and tried to figure it out on my own , it would take me 6 months what I have learned in a week there.

discrat
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6 months dream on, I have been doing this for 7 years and still get frustrated, make bad decision, chase markets, get stopped out and never re-enter just to watch in horror as the original trade zoomed higher.

Their are pros out their who have been in this business for 20 years who still can blow out an account. 6 months ha!

Stone cold discipline is what required, an emotionless robot.
 
Well i guess no one can be right
You just have to put your stop loss
The future market is very uncertain and play,s with your mind a lot u really need to have a lot of patience.
And if a lossing trader learns from some one and make,s a little money while trading futures it is not bad.then to be loosing ever day
 
Quote from 123Magic:

Bosco, your observations are good. A 1:3 risk ratio is a sure road to ruin. Do the math to learn what kind of winning percentage you'd need to just to break even.

What's worse, novices are taught to grab a few quick ticks rather than trust the setups and the market. This installs fear and anxiety that any quick profit will evaporate, so you better grab it now. Absolutely one of the worst things to teach a novice--the antithesis of conviction and trust in your methods.

Seems like this vendor believes that you can never go broke taking a profit. That's true if the profits exceed the losses which in this case is unlikely.

p.s. Spectra, perhaps you can tell us why some posts which paint PT in a negative light (without being defamatory or uncivil) are deleted from this thread?
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I agree, they grab tiny profits using leverage, this is so the track record remains positive. Your not going to get subscribers with out that track record. That track record is their key to success.

IMO I see nothing wrong with this service, I trade from home all alone and I tell you its hard to stay focused, its so easy to get distracted. i have been following YM tick by tick for 4 years now.

This past week was not so great, even tough YM was up 300+, psychology is the key to success in trading. Just focus on what is happing right NOW.

I looked at my daily charts last weekend and saw a market getting overbought RSI 14 65+ and thought this market cant go much higher. HAHAHA boy did I set myself up or what.

Had I just focused on my intraday trading method, I would have bagged some serious profits. The whole time all last week I kept thinking about how overbought the market was and ever little decling was going to be the start of something big weeeeeee was I wrong.


FOCUS ON THE NOW MOMENT!!!!!! trust me
 
Quote from romik:

Looking at that chart together with the RSI there was 1 massive opportunity to make lots of points off 1 trade right in the beginning of the morning session. Method's been covered on ET by B1S2 in great detail, all for FREE. People that use people like Puretick are into spoon feeding. There are quite a few FREE systems discussed on ET that ARE profitable if the correct r:r is being used. All you need is discipline...oh, that's also FREE.

This post is not geared against vendors like Puretick, I have nothing against them. Business is business
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Your spot on, discipline, and most humans are not very disciplined, maybe at feeding their faces.
 
Quote from Spectra:

Ebo,

First of all newbies shouldn't be trading systematic setups like MaxSpan with small accounts. We have all types of traders in our room. Newbies, pros and guys in between, and that setup is NOT called for newbies but included in the track record to show the results.

Ok, you asked how a newbie can make up the loss of a big stop when trading a system? By exercising some mental discipline, sticking to a plan and executing their trades the next day with a fresh perspective on the market. But what do we know about newbies? After taking a big stop they will probably not trade the next days huge winner.

Take a look at the equity curve setup of any trading strategy backtested over time. See those jagged up and down movements, they represent gains and losses (stops). If you can find one that goes straight up, I'll be all over it like white on fried rice.

Don't think like a newbie. Most newbies jump around from method to method, taking the initial draw down then switching to another method right when the run up comes in. I've done a lot of systematic trading and back testing. When you start a new method you will generally start in a draw down since you have no previous 'buffer' profits. Sometimes you'll get lucky and start on the good days but that almost never happens.

unfortunately the advice you and I post on the ET forums will be ignored by most as their holy grail search continues. Hopefully some people will benefit.

CajunSniper / Puretick.com Administrator-Trader
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Thats some good advise.
 
Hey Myminitrading
I guess u r really right
IT feel very alone to trade from the house and u can easily get distracted and carried away watching each and every tick thinking u r going to make a trade.
usually when i trade the ES i do ok
But with the YM i have had 5 loosing day ( making all newbie mistake )
I am thinking for trying their service to see what going on and i also see they have a lot of video for free and good information
i wll try their 10 day trial and see what is going on.
 
Quote from ksonsinc:

Hey Myminitrading
I guess u r really right
IT feel very alone to trade from the house and u can easily get distracted and carried away watching each and every tick thinking u r going to make a trade.
usually when i trade the ES i do ok
But with the YM i have had 5 loosing day ( making all newbie mistake )
I am thinking for trying their service to see what going on and i also see they have a lot of video for free and good information
i wll try their 10 day trial and see what is going on.
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If it helps you with staying focused, and maintaing some discipline the try it.

I thought of doing something like this, but with a live video so you could actually see what was going on and trade along.

Big problem! to have say 100 users with 200 kbps dedicated upload each for live streaming video I would have need 20 megs of up stream bandwidth, I would have to charge a minium $ 100.00 and need a min of 100 users just to break even.

The number just did not work, bandwidth need to get cheaper.

I guess that is why PT uses just audio, and they use an outside source. With just streaming audio you dont need near as much bandwidth, just look at all the internet radio stations.

I knew someone would eventually do this.
 
Most of the chat sites I used to frequent would use text mostly then every now and then audio. We use text, audio and streaming graphics (from time to time). Ie: If a user asks Alex what he's looking at he'll throw a snap up of his charts or I may throw my T&S ticker up for the day if someone doesn't have theirs setup.

Yes it does cost a lot more to use live streaming video all the time. Also there is a 4-7 second delay so If your serious about trading, you really need to have your own charting platform.

CajunSniper / Puretick.com Administrator-Trader

Quote from myminitrading:

If it helps you with staying focused, and maintain some discipline the try it.
I guess that is why PT uses just audio, and they use an outside source. With just streaming audio you dont need near as much bandwidth, just look at all the internet radio stations.
I knew someone would eventually do this.
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