Why do "profitable" traders take the time to train people remotely and for a fee?

Quote from WinItAll:

Most traders who do this "training" during the day DO NOT MAKE MONEY. He teaches either before or after the close, during the day he is basically on the microphone just talking out his positions.

THERE IS A BIG DIFFERENCE BETWEEN GUYS WHO TALK OUT THEIR OWN TRADES AND GUYS THAT ACTUALLY TEACH DURING THE DAY.

Sample a few of them out and make sure that the guy teaching is actually trading and making money.

The reason that firms have these rooms is to make money, which is only fair if they are helping you make money. Just be sure who is teaching you and HOW MUCH THEY ARE MAKING.

had tutorials all day and most importantly had a MULTIMILLION DOLLAR PRODUCER

decided against doing my own room. To be blunt, I wasn't looking to sink that much effort and money into an online room
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Thank you for the intelligent post.

Be honest with you I am not used to dealing with posters on ET unless they have cartoons or pasted obscenities or spewing toilet mouth trash.

A couple of points. One: first of all there is no way for anyone to tell how much money any trader is making on the internet.

A trader would be pretty stupid to post his or her social security number on the internet.

I will even state that in some cases it might be hard to know if you are making money when it is managed by a money manager. I think Bernard Madoff proved that people can be misled by the fact that the investor was losing money.

Years ago I investigated and brought charges against a clown who was SHOWING HIS PUBLISHED TAX RETURNS to prove how much money he made trading.

You can do it too. Next year fill out an actual tax return that shows you made $800 million dollars trading pork bellies.

The next day you can file an amended return to show that you really made $80.00. If the amended return is correct the IRS does not care. Unfortunately your duped clients might. By the way, the YOU is a rhetorical one meaning A PERSON.

I trade for a living. Mainly the Dow Index Futures.

I teach others on Puretick.com as well. I do not trade that often where one thing interferes with another. I probably trade about 5 times per day. In truth, educating others keeps me from over trading.

In my opinion it should not matter if the trading coach trades, does not trade wins big, wins little.

The question should be. Is he or she helping to make you a better trader?

You should be learning to execute your own trades, not sit like a turd in a bowl mirroring the happy guru who buys 1,000 shares of dog crap A. You should be learning more about money and risk management, higher probabiliy setups, the personal psychology of trading.

And yes, maybe a coach to kick your ass when you screw up. That is what a good trading room should do.

At least that is what I do. That is what I never found when I was looking to learn to trade better.

Successfully,

Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)
 
Quote from volente_00:

Bingo
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The bingo parlor is down the hall. LOL

Could not resist that one.

I disagree. Trading is about making money. Yes you better get greedy if you are going to make it in this business.

As Ben said in Boiler Room, "we are not here to save the Manatees."

This is my philosophy. And you will hate me for it.

When I see a trader (not one of my students) I want that trader to take the opposite side of my trade and I want to see that bastard wimper and panic and lose everything.

I want to clean the table.

I do not want to give the creep back a dime.

I want to spend that money on nice toys like aircraft and quickee vacations.

When I take you out to dinner, that's when I GIVE BACK. The drinks and food are ALWAYS on me.

And I GIVE BACK LARGE to the decent waiters and waitresses.

I spent the first 4 years of my trading life losing money. No big shot trader gave me a freaking dime.

I had to TAKE IT.

I want those kind of people in my trading room.

Successfully,

Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)
 
Alex,

I think you misunderstood some of my points.

When I said you want a trader that is talking his trades out, it's not to follow him, it's to hear his process while he's actually having to put on size. Hearing where, when and how he's getting in. You don't even have to put the trade on yourself, but it's a lot more helpful than someone who just sits in a chat room and trading the same size as the traders in it to learn.

Also, you can very easily tell how much a trader makes during the day if they have a live and running p and l. Firstly in order to legally run an interactive room online, where you're recommending trades, you need a license. While the Madoff thing is obviosly an example to reinforce the fact that there are alot of scumbags in the world, he stole billions. No successful trader is going to risk their livelyhood for 200 bucks a month. And this is why you do your research, the only room I deemed worth the money has a head trader that is well known in the day trading community and has a large room of traders to verify the info.

Big difference betweene madoff, who you had to put up millions with and traded your money and someone who is just online charging a monthly fee to teach you.

Forgot to mention one point. It is very, very easy to see what a big trader is doing is real.... same as when I or you get into a position you see the stock moving. If someone is putting on 50 or 100K shares, you see it on the tape, the charts and as he's getting filled. There's no way to fake that.
 
Quote from Spectra:



I trade for a living. Mainly the Dow Index Futures.

I teach others on Puretick.com as well.

Alex L. Wasilewski
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REALLY ? Let's see what you do as manager of "Profit"Navigation..




We read in the disclosure document :

" Mr. Wasilewski primarily makes the trading decisions for Profit Navigation's Clients."
> click on "disclosure document" at www.profitnavigation.com



Now we know why you need the money from teaching..LIAR





P.S. You gotta love this clown...LMAO
 
Quote from WinItAll:

Most traders who do this "training" during the day DO NOT MAKE MONEY. You are absolutely right in asking this question, even though as in almost all the boards here people just love to jump down your throat. Their are a few big traders that teach intraday, but it's not really teaching. You used T3 as an example, I'm familiar with the firm as they have one trader that used to be with broadway that is very successful. He teaches either before or after the close, during the day he is basically on the microphone just talking out his positions. While this is great for a novice trader to hear why he got in and why he got out, in actuality he's just saying his process out loud instead of in his head, so it's not like he's doing anything he wouldn't be otherwise.

Even though there are one or two guys out there that basically spoon feed you trades and make a lot of money themselves, most guys who teach online especially during the day run a business and DO NOT MAKE THEIR MONEY FROM TRADING. There are many firms out there where the teachers are trading 1000 shares of Citibank and preaching to people who spent good money to learn from an experienced guy. Just b/c someone is experienced doesn't mean that they're good. The guys that actually make money might be on the mic, but they also have size on and have their size and price on the screen for you to observe. THERE IS A BIG DIFFERENCE BETWEEN GUYS WHO TALK OUT THEIR OWN TRADES AND GUYS THAT ACTUALLY TEACH DURING THE DAY.

Many shops let you demo their MENTORING ROOM, or whatever they want to call it, for free. Sample a few of them out and make sure that the guy teaching is actually trading and making money. I have sampled many of these rooms to see which features I wanted to use in my own Teaching Room, however I decided against it. The reason that firms have these rooms is to make money, which is only fair if they are helping you make money. Just be sure who is teaching you and HOW MUCH THEY ARE MAKING.

I sampled the t3 room, some hold brothers sub group rooms, keystone room, assent sub group rooms, dimension and their subgroups rooms and so on. The only one out of all the 15 or so I checked out that was worth subscribing to was the T3 room. It was the only room that was well put together, had tutorials all day and most importantly had a MULTIMILLION DOLLAR PRODUCER on the radio all day. Don't get me wrong, I don't trade with them and will say that there were a few guys on the mic that I personally wouldn't follow trading, but there big sell point to me was that a trader making millions a year talked you thru what he was doing while he was doing it.

All of the other groups were awful in comparison, which is when I decided against doing my own room. To be blunt, I wasn't looking to sink that much effort and money into an online room and to be competitive enough to justify charging an amount of money that would be worth my while I would have had to be at their level.

To conclude I will say it again, make sure you know who's trading and can see their position. I previewed assent, hold, Keystone, etc and all of these internet rooms had the owner of the firm going thru slides and trading bullshit stocks. If you're trying to learn don't pay to learn from the guys that Charge a TRAINING FEE, learn from guys who will charge a monthly fee where you can cancel if not satified. I watched some of the bad rooms and was sickened by watching guys who claimed to make money consistently and really only made money from the website. Just ask yourself the same question I did, WHY THE HELL WOULD I WANT TO LISTEN FROM SOMEONE WHO CAN CONSISTENTLY MAKE MONEY IF THE MONEY HE/SHE IS MAKING IS 200 BUCKS A DAY. And that is most of these sites were like. Someone sitting there teaching you to scalp shares of stocks that don't move while they themselves are trading the same pieces of shit all day. Why would anyone be trading 2000 shares of C for a five cent move who is supposed to be a PROFITABLE TRADER. If you compare something like that to a model such as a T3 or similiar you are watching one guy make 200 bucks grinding bullshit stocks and the other trading up to hundreds of thousands of shares of whatever is in play and that actually have a traders range (minimum 10% move in a cheaper stock or atleast 4-5% on an expensive stock)
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+1

Great Post

My former boss was the CEO of Broadway and there were a handful of guys that ended up at T3.

Serge Milman is one of the bigger names and trades in the Lightspeed office. Those guys swing big. I can't see it worth their time to tutor someone while the market is open... especially in a chat room. That's a joke. Guys that have 30,000+ share positions (not hypothetical like Spectra) don't explain their reasoning to a trainee who is trading 100-300 shares. Maybe if they are in the same office, but not over the web like this puresh!t scam.

T3 Live has that service but guys just show their position and give a quick reason. It's not in depth enough to really understand why the traders are in the position (psychology, exit, what to do relative to how index futures move, etc.)
 
Quote from Spectra:

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I guess "consistently profitable" millionaire traders who trade monopoly money on simulators and show hypothetical results spend their Friday night's posting on ET.

----------------------------------------------

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

pic.php


http://www.ripoffreport.com/PureTick-com/Tutoring/PureTick-com-Alex-Wasilewski-BDD88.htm
 
Yup, completely agree with you. This guy Alex whoever is a joke. I've been around for a while and I've never heard of him or his site. But I can say that it looks like my kid made it and I'm sure my kid could probably give the same kind of advice. Just sounds like an unsuccessful and bitter man trying to promote his site.

You can just tell who these guys are. He's sitting their quoting boiler room and trying to sell a trading service, I mean you have to be retarded.

Anyway, I'm sure after this we will see the guy post fifty responses about how he doesn't care, what his numbers are and probably even some fake numbers. He'll tell us how he doesn't care what anyone thinks but even though he doesn't care he'll post 50 times. Hopefully me saying this will limit the response but I doubt it.
 
Quote from WinItAll:

Yup, completely agree with you. This guy Alex whoever is a joke. But I can say that I like kids. I sure my kid could probably give the same kind of advice, for a price. Just sounds like an unsuccessful and bitter man trying to promote his site.

Chris Hansen does not like me.
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Chris Hansen does not like perverts.

Looks like you are just another flame artist. Welcome aboard loser.

And if you are a pervert, I have no use for you. Let's focus on trading, sewer breath.

Maybe you were abused, maybe not. I don't care. That does not give you the right to make unsubstaniated insults to anyone.

I will accept this from you. YOU ARE RIGHT. YOU CAN NOT BE TAUGHT BY ANY TEACHERS. HIGH SCHOOL, COLLEGE, OR ANY PROFESSIONAL SCHOOL--- you bitter miserable wretch.

Stick your negativity up your ass, pal. Go spout your garbage to Yale Law school. Tell them they are not a good law school because you can't watch a Law Professor win a drunk driving case.

Obviously you never attended a Professional University. MIT could not teach you anything because the Engineering Professor is not designing the George Washington Bridge.

Here is our results for the week punk.

All of the cartoons, pictures of the losers mothers, challenges to show paper or real airplanes, taking on the nics of drug dealing doctors, general toilet mouthing, desperate claims that higher education does not work unless the Yale Law School professors are not actively handling drunk driving cases, attacks on cancer victims can not change one thing:

THESE ARE THE AUDITED RESULTS THIS PAST WEEK AT PURETICK.COM

WINNING TRADES 33
LOSING TRADES 5

AVERAGE NET DOLLARS GAINED $8,880.00
AVERAGE NET LOSSES $2,610.00
NET PROFITS $6270.00

THESE results are reflected in our track record and are based upon where clients have reported back to me their actual results.

Below I will post the government required warnings.
And even better I will state that EVERY SINGLE MORON who has ever posted stupid comments about professional traders WILL NOT ONLY FIND TRADING RISKY BUT they probably have a 90% chance of losing everything.

U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Successfully,

Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)
 
THESE ARE THE AUDITED RESULTS THIS PAST WEEK AT PURETICK.COM

WINNING TRADES 33
LOSING TRADES 5

AVERAGE NET DOLLARS GAINED $8,880.00
AVERAGE NET LOSSES $2,610.00
NET PROFITS $6270.00

THESE results are reflected in our track record and are based upon where clients have reported back to me their actual results.


ALL I CAN SAY IS WOW!!!! While I have no clue what you are talking about thru most of this posting, I CAN QUOTE YOU ON WHAT YOU ACTUALLY SAID. So your site, with it's ever growing client base, produced an incredible 8k? HOLY SHIT, THAT'S SOME BIG MONEY, NOT TO MENTION THAT THESE ARE ONLY THE PEOPLE WHO REPORTED BACK. This doesn't even count the any the collective group of 4 people that actually subscribe to your piece of shit site. So I ask you, HOW CAN YOU HAVE AUDITED RESULTS THAT ONLY INCLUDE PEOPLE THAT GOT BACK TO YOU? Do you even know what an audit is? What you're saying makes no sense which isn't suprising at all.

You are obviously a loser, unsuccessful and broke. If you claim to not trade b/c you're busy teaching and all you're making for people is 8K collectively then guess what.... YOU CAN'T TRADE ASSHOLE.

ANYWAY, KEEP TRYING TO PLUG YOUR PIECE OF SHIT WEBSITE. LOOKS LIKE YOU DUMPED ABOUT $9.67 INTO IT. GET A LIFE, WITH YOUR FAKE "AUDITS", TERRIBLE SITE AND TERRIBLE LIFE.

I THINK I SPEAK FOR EVERYONE ON THESE BOARDS WHEN I SAY TO TAKE A WALK INTO ONCOMING TRAFFIC.
 
Quote from Spectra:

THESE ARE THE AUDITED RESULTS THIS PAST WEEK AT PURETICK.COM

WINNING TRADES 33
LOSING TRADES 5

AVERAGE NET DOLLARS GAINED $8,880.00
AVERAGE NET LOSSES $2,610.00
NET PROFITS $6270.00

...

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Alex L. Wasilewski
Co-Founder & Head Trader
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Hypothetical audited results.

8k... I would think that such a consistently profitable simulator trader would make more monopoly money in a week. :p
 
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