Puretick (puretick.com now puretick.co also Market Dancer marketdancer.com) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


Puretick (puretick.com now puretick.co also Market Dancer marketdancer.com)
Updated: Views / Replies:27,510 / 88
Created: by Ben16JP2 Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

Puretick (puretick.com now puretick.co also Market Dancer marketdancer.com)

  #11 (permalink)
Elite Member
New York
 
Futures Experience: Beginner
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: ES
 
Posts: 122 since Oct 2011
Thanks: 13 given, 73 received

PureTick

I tried their room twice
Target is 7 points and stop loss is 21 points, YM moves like crazy and it's impossible to get the fill price Alex claims he got, of course he's not even trading live, not even in SIM
One day he called 2 bad short trades with full 21 point stops, and guess what, no mention of these 2 trades in the track record
Alex uses stochastics a lot, and as you all know if stochastics work even 50% of the time, we would all have been millionaires by now
The track record is simply science fiction
I remember he had something like a hedge fund that he was supposed to trade himself with Al Green raising the funds for it
I think it tanked so badly, they had to close it, if he can't trade real money, then.....

Reply With Quote
The following 4 users say Thank You to tamerrashdan for this post:
 
  #12 (permalink)
Elite Member
Berlin,Berlin
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Ninja/CGQ
Favorite Futures: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received

Definitely nothing for 1 lot - trader`s.

There is a buzzer that has delay of 5 seconds at least, so even if it was a good call you missed it.

If they trade real money, this is with a big account and much scaling in and out, working cost basis.
And this thing they do not teach in the daily chatroom.
This is an extra service that you have to extra-pay, and that is a phone call. They call it "money-management". What I do not like about that company is that they take money from each client for every extra service such as "money management" or other services. This should be covered in the daily chatroom which is $350 a month plus hotcomm fees.
You have to understand the YM from a hedging perspective ( and I never understood that, honestly)
in YM other traders hedge positions - the more it goes down the more people scale in and vice versa...

go to GOMI from Paris here on the forum, learn everything about cumulative delta and download his free GomCD indicator, apply it for YM, and see that in YM traders are buying into falling prices (and vice versa) Divergences! You see that in the GomCD values. I did that for some time, and I think I now understand what Alex from puretick is talking about. He claims to "read the tape" and see the buyers and sellers and the levels.
He calls himself a "card holder" like in poker - he knows which person holds which cards...
Unfortunately he wants additional 7500 $ for one week of personal coaching... and there you learn everything and then you are a master trader... these are his promises and they might be true. I did not try that. I do not have that $ 7500 and if I had, I would give it to another coach than Alex of puretick...

When I watch cumulative delta which is free (thank you, GOMI!) I see that Alex might scale in every time he sees buyers on the tape, and he uses pivot points, yesterday`s low etc. . He looks for divergences between price and delta and he uses some indicators for that. In his daily room he is not able to teach what he trades. I tried to find out if he hides something, but I think that he is just a miserable teacher. He is just not able to explain his method. He talks a lot about technical analysis tools and he yells at room members when they ask "stupid questions". You shall follow an EMA 89 on an 89 tick chart, but no problem to change that to a 133 tick chart because of... (I forgot the reason)

I tried about 9 months to understand what he does.
I do not have the impression that he is not a trader.
He wants to be sure that he has always enough money to pay everything. He does marketing. He has an office.
He might even trade. In fact I believe that he trades his own account.
But it is much about scaling in and out, and that does not match with the 1 lot-trader who wants a trading call and a buzzer and after some minutes a nice winner.

If you are looking for a trading call service I do not recommend them.

If you are looking for a personal trading coach - there might be cheaper ones, but that is personal.
You will not learn to trade in their daily chatroom that is 350 $ a month.

Reply With Quote
The following 3 users say Thank You to trader2 for this post:
 
  #13 (permalink)
Elite Member
Calgary, Alberta
 
Futures Experience: Intermediate
Platform: NinjaTrader 8
Broker/Data: Kinetick
Favorite Futures: ES
 
JonnyBoy's Avatar
 
Posts: 937 since Apr 2012
Thanks: 378 given, 1,836 received

Puretick and Me


I have already posted about my experience with Emini Trading School and so I thought I would trawl though the forum and try to find reviews/comments on all of the trading rooms I have been involved with and give my thoughts.

I had a 4 month stint with Puretick in 2010. Alex is certainly a character but don't for one minute believe his track record. That very well might be 'his' track record (questionable) but it certainly isn't the 'rooms'. I was absolutely explicit about entering when the buzzer sounded but his entry point was way, way earlier every single time, front running his own room in the process of course.

Yes, I understand in the fast paced world of the mini YM it would be impossible without some slippage, but seriously I am entering when he is taking his first 7 points of profit. No prior analysis of where he might enter, what he is looking for in an entry.

He adjusts his track record to suit what he thinks were his entries and exits. I know this because I took notes of the chat in the room and asked every time where he got in. Sometimes he didn't answer but for the ones he did, it didn't match the track record posted the next day. On every occasion.

He reads charts and talks shop very well. Educational it isn't but you can always get a one-on-one phone call with him or a designated other... for big money of course!

If you want people to believe your results, trade showing your DOM. Prove you are in a trade. Surely that isn't too difficult, is it?

The ES room was a shambles. I don't know if that has changed since I was there but it was run by 2 moderators cross chatting all the time. On a number of occasions they had 7 to 8 losing trades in a row. Yes, again this happens but if they were not just 'blind' entries (as we were led to believe) I want analysis of what happened. What went wrong with our analysis? Why was our entry wrong? They could never, ever answer with good enough clarity IMHO.

A trading room is no quick fix and can be a cool place to hang out but please, please do your due diligence before paying out month after month for a service that ultimately will blow up your account.

Avoid Puretick.

Reply With Quote
The following 6 users say Thank You to JonnyBoy for this post:
 
  #14 (permalink)
Elite Member
Hamburg + Germany
 
Futures Experience: Intermediate
Platform: Multi Charts, Esignal
Favorite Futures: YM
 
Posts: 17 since Mar 2010
Thanks: 13 given, 14 received

The track record is not real in a 1:1 way. As far as I understood Alex is trading with big variance in contract size.

On some rare occasions he trades between 20 to 30 contracts. That is 1 to 3 times every 2 days, when there is really good opportunity.

But than he does 10 - 15 trades per day with 1-5 contracts and often completely on a simulator.

His own money is made with those rare big trades. He scales out very quickly. So on a big trend day, he will scalp with the first half of his position and slowly scale out with the rest one by one. So he will catch the big moves and scalp as well.

On none trending days he will scalp all, and trade much lesser size anyhow.

The Pure Tick Track Record now is an artifical construct of what he would have made using a two part position on every trade he did. Scaling half out at 7 ticks and the rest on the last part he covered in reality.

So in fact Alex is a 2 trades a day type of guy, which is ok with me, but he plays around now and does 10 more trades for his members. These will not hurt him, when they go wrong because of the small size.

He for example often calls counter trend trades, but the guys who take his private coaching are not allowed to take these counter trend trades. (That is of course, because he knows that they will loose money over time.) He once told, that some of his customers in the room demand counter trend trades, and so he delivers them to satisfy them. I do not like this attitude at all.

Also it is not possible to know in advance when Alex trades big. Most of the time he will tell you only when his big position is already half or two third off the table.

So if anyone wants to try Puretick out, you should read carefully all info on their members side and trade at least some weeks on sim. You have to figure out, at which times Alex is trading big and only try to get along on these trades. And never countertrend trade along with him, or when he is only going with 1 or 2 contracts.

So you will have to figure out the market and on top you will have to figure out Alex !!! Not an easy task!

At last some positive stuff about Puretick. Alex is very entertaining and fun to listen to over the time of the day. He will joke around and even sings from time to time.

...and you can definitely learn some things about the markets, that are not easy to find elsewhere. How to interpret NYSE Tick and ADV/DECL in real time or how to anticipate trading range days etc.

You can learn some things for sure, but you cannot mirror that track record! It is just to lure in more customers.


Last edited by TraderTed; September 1st, 2012 at 12:18 PM.
Reply With Quote
The following 3 users say Thank You to TraderTed for this post:
 
  #15 (permalink)
Elite Member
Concord, CA
 
Futures Experience: Intermediate
Platform: Sierra Charts and NT7
Broker/Data: AMP/CQG
Favorite Futures: Mini's and CL
 
Posts: 224 since Oct 2009
Thanks: 915 given, 271 received

Trader Ted, I think you have stated everything that I would have said.....I saw the same thing....For 2 months a few years ago I was unable to duplicate his trades. I just found his trades calls to be really inconsistant and at the time his room was 349 per month. I felt I was more or less fighting with how his calls that were being made, then staying true to price action.

He uses his own software that I purchased, on eSignal which was costly....software calculates a point system based on using market internals, and setting it to a probability to trade success as he called it. I actually figure out the code, and it is useful. He uses the 89, now I think 133 EMA for trade direction. Stops a 15 ticks, exits are 7,11,13. Also uses STO 14.3.3, on does not trades against 3 min STO setting.

What killed me is that he called his trade entries less then 50% of the time, and rarely ahead of his so-called room called entry. I just felt he front ran the room, then called a trade that help him get a volume push at times. To me he was dishonest and for a cost of 349.00 a waste. But, that was me....today I trade using more S and R, and relying on higher time frames vs. market internals.


TraderTed View Post
The track record is not real in a 1:1 way. As far as I understood Alex is trading with big variance in contract size.

On some rare occasions he trades between 20 to 30 contracts. That is 1 to 3 times every 2 days, when there is really good opportunity.

But than he does 10 - 15 trades per day with 1-5 contracts and often completely on a simulator.

His own money is made with those rare big trades. He scales out very quickly. So on a big trend day, he will scalp with the first half of his position and slowly scale out with the rest one by one. So he will catch the big moves and scalp as well.

On none trending days he will scalp all, and trade much lesser size anyhow.

The Pure Tick Track Record now is an artifical construct of what he would have made using a two part position on every trade he did. Scaling half out at 7 ticks and the rest on the last part he covered in reality.

So in fact Alex is a 2 trades a day type of guy, which is ok with me, but he plays around now and does 10 more trades for his members. These will not hurt him, when they go wrong because of the small size.

He for example often calls counter trend trades, but the guys who take his private coaching are not allowed to take these counter trend trades. (That is of course, because he knows that they will loose money over time.) He once told, that some of his customers in the room demand counter trend trades, and so he delivers them to satisfy them. I do not like this attitude at all.

Also it is not possible to know in advance when Alex trades big. Most of the time he will tell you only when his big position is already half or two third off the table.

So if anyone wants to try Puretick out, you should read carefully all info on their members side and trade at least some weeks on sim. You have to figure out, at which times Alex is trading big and only try to get along on these trades. And never countertrend trade along with him, or when he is only going with 1 or 2 contracts.

So you will have to figure out the market and on top you will have to figure out Alex !!! Not an easy task!

At last some positive stuff about Puretick. Alex is very entertaining and fun to listen to over the time of the day. He will joke around and even sings from time to time.

...and you can definitely learn some things about the markets, that are not easy to find elsewhere. How to interpret NYSE Tick and ADV/DECL in real time or how to anticipate trading range days etc.

You can learn some things for sure, but you cannot mirror that track record! It is just to lure in more customers.


Reply With Quote
The following 2 users say Thank You to tradermark2009 for this post:
 
  #16 (permalink)
Elite Member
seoul, Korea
 
Futures Experience: Intermediate
Platform: Multicharts
Broker/Data: CQG, DTN IQfeed
Favorite Futures: YM 6E
 
treydog999's Avatar
 
Posts: 894 since Jul 2012
Thanks: 291 given, 1,002 received

Reven in the ES room trades sim

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
Here is a screenshot of one of the room leaders, Reven. He leads the ES room that he trades simulator. Both DOMs as well as the entire platform are on simulator mode. I posted this late because I wanted to make sure I canceled my account before i did. Although this was taken less than 1 week ago. I cant speak for Alex, as i dont have the concrete proof. But this just goes to show simulators are used by their instructors. YMMV

Reply With Quote
The following 4 users say Thank You to treydog999 for this post:
 
  #17 (permalink)
Elite Member
New York
 
Futures Experience: Beginner
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: ES
 
Posts: 122 since Oct 2011
Thanks: 13 given, 73 received

PureTick

I guess you canceled which means the posted performance on the website is pure fiction

Reply With Quote
 
  #18 (permalink)
Elite Member
seoul, Korea
 
Futures Experience: Intermediate
Platform: Multicharts
Broker/Data: CQG, DTN IQfeed
Favorite Futures: YM 6E
 
treydog999's Avatar
 
Posts: 894 since Jul 2012
Thanks: 291 given, 1,002 received


tamerrashdan View Post
I guess you canceled which means the posted performance on the website is pure fiction

Yes, I had written down every call at Alex's price when he stated it. He doesn't say it until several minutes into the trade, my guess is to shade it in his favor. I was in the YM room and the record did not match what i had written down myself. Nor the results that i was able to obtain trading at the moment of the buzzer or at the price he told the room to get filled at. Everything about that place is pure fiction, except the bill at the end of the month.

Reply With Quote
The following 4 users say Thank You to treydog999 for this post:
 
  #19 (permalink)
Elite Member
New York
 
Futures Experience: Beginner
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: ES
 
Posts: 122 since Oct 2011
Thanks: 13 given, 73 received

PureTick

Amazing how they still can operate and defraud people and get new victims
I guess if any new trader google their name he would end up reading this thread
I'm thinking of opening my own trade room at half their price and my performance will match their real performance if not better
At least I'll be honest about my failure as a trader

Reply With Quote
The following user says Thank You to tamerrashdan for this post:
 
  #20 (permalink)
Elite Member
Calgary, Alberta
 
Futures Experience: Intermediate
Platform: NinjaTrader 8
Broker/Data: Kinetick
Favorite Futures: ES
 
JonnyBoy's Avatar
 
Posts: 937 since Apr 2012
Thanks: 378 given, 1,836 received



treydog999 View Post
Yes, I had written down every call at Alex's price when he stated it. He doesn't say it until several minutes into the trade, my guess is to shade it in his favor. I was in the YM room and the record did not match what i had written down myself. Nor the results that i was able to obtain trading at the moment of the buzzer or at the price he told the room to get filled at. Everything about that place is pure fiction, except the bill at the end of the month.

I don't know how they get away with it. Alex has his 'cult' followers who defend him (and his results) to the hilt whenever he has been bashed on other online forums, but I like many others kept a very accurate log of trades and they were not even close. In some cases when trades appeared in the log the next day, I thought J.K Rowling must have been writing it for them. Pure fantasy.

I don't know how many regulars they have in the room, but even with 100 people that is nearly 45k of income per month alone. And I am sure they have well over 100.

Whomever has just Googled for Puretick reviews, I hope you read this thread.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following 4 users say Thank You to JonnyBoy for this post:

Reply



futures io > > > Puretick (puretick.com now puretick.co also Market Dancer marketdancer.com)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Introducing daytradr by Jigsaw, new stand-alone platform

Oct 19
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Pre-market & Post-Market Trading Hours Color Coding dhiebert MultiCharts 1 April 7th, 2015 04:04 PM
Is streaming market data including market depth available in Multicharts via an API? HFF Trader EasyLanguage Programming 11 May 4th, 2014 03:17 PM
How To Forcast Market Condition Based On Pre Market & Overnight Session? SeanKozak Elite Automated Trading 2 February 23rd, 2013 11:18 AM
Custom Bar Type using Market Data and/or Market Depth Xav1029 NinjaTrader Programming 5 February 17th, 2013 11:53 AM
Stock Market Correction? Yep, the Market's 'Fever' Has Broken Quick Summary News and Current Events 0 April 9th, 2012 08:20 PM


All times are GMT -4. The time now is 04:21 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-19 in 0.18 seconds with 20 queries on phoenix via your IP 54.81.45.122