The truth about TRADING. Can you handle it?

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We have many more you can rate :)
Anyway. Thanks for the comments. If this were the movie Strange Days maybe we could download experience in to our heads but until then everyone has to walk their own rocky path with no shoes on.

Caj

Quote from Cheese:

There is something of value in the Puretick video but it is no way a masterpiece.
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From what I have seen they post a track record of their trades.

I have never been in the room so I can not verify it, but I would assume that no one would continue beyond the 1st week if their trades were not truthful.

Also, lets discuss win%. I currently have a 60% win ratio on my trades so I can have an equal profit and stop loss while still making money.

So if say some of their trades have a 80% win ratio, then their stop loss can be lower assuming that I am correct about the win ratio.
 
Yes it's a great track record and accurate but one should definately keep thier own journal and record and review their follys and achievements. When multiple exits are taken we use the lesser of the exits in the track record results.

Quote from oraclewizard77:

From what I have seen they post a track record of their trades.
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Quote from Spectra:

multiple exits are taken we use the lesser of the exits in the track record results.
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Hey I see no one replied with a negative comment to that one! ha

WhAt?? You use the lesser exit price? Why wouldn't you want to PAD or use the bigger gains to pump up your track record and make it look more massive?!?! So even if you hold for a 50 pt gain you put the newbie exit of 10 or 20 ticks in? Wow your a real crook. :) Now I fit in..

P.S. This is a joke. Don't revoke my access on monday Alex :)

BK
 
Quote from Spectra:

Yes it's a great track record and accurate but one should definately keep thier own journal and record and review their follys and achievements. When multiple exits are taken we use the lesser of the exits in the track record results.
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OR, PureTickBite could have their trades tracked

SEPARATELY on TimerTrac, Timerdigest, Hulbert

Collective2, Theta Research, or other timing sites.

That way, we wouldn't have to take their word

OOPS, did we already mention this some 7

times??? Makes you wonder what they're hiding...

 
Quote from JimmyJam:

... and for the record, he didn't say "a trader should plan to lose $45k before he/she should start turning their trading around and start winning", he said "a trader should expect to lose $4 to $5 before he/she should start turning their trading around and start winning".

Big difference ... and I don't disagree with that statement, either.

Good trading,

Jimmy Jam
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You can certainly tell WHO the real traders are by their comments. They THINK for themselves. Solid comments Jimmy! :cool:
 
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