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

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  #61 (permalink)
Hamburg + Germany
 
Experience: Intermediate
Platform: Motive Wave, Oanda
 
Posts: 18 since Mar 2010
Thanks: 13 given, 15 received

When I started to post in this thread it had been my opinion, that Alex was a bad teacher, but that he had at least some valuable knowledge about trading (i.e he can trade)...


TraderTed View Post
...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.

...but now, after following this discussion over time I get more and more convinced, that he is in deed just another scam artist!
What I donīt like at all about this realisation are the implications that come with it! Because although I did never bought anything like the Puretick A-Z guide or some private mentoring etc.. I had the impression that a lot of things about trading that Alex talked about in the room made sense and were reasonable and valuable. And I still tried until lately to make some of these concepts work for me. But reading all of this and especially about the way some Puretick sales and marketing guy acts and behaves here, I really should abandon every piece of knowledge about trading connected to Alex!!

I think that even worse than the lost time and money spend on these scam artists are probably the wrong ideas about succesfull trading that they plant in your head. Because wrong ideas and concepts stay with you long after you left their trading rooms. (This could even be a good topic for different forum thread...)

"A chap who speculates- let this be said-
Is very like a beast on moorland dry,
That by some evil spirit round and round is led,
While fair, green pastures round about him lie."
v. Goethe (Faust)
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  #62 (permalink)
Nelson, B.C. , Canada
 
Experience: Intermediate
Platform: Ninja
Broker: IB.ca
Trading: Tf, 6E-soon, ES,CL
 
Greatwest1's Avatar
 
Posts: 53 since Dec 2011
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Hello Trader Ted,
Thanks for your experience and comments . I only reply here because of what
you said about yourself, that" I should forget about what he said...'' .
Remember the good things he said about the markets, some of that is useful.
But yes, drop the rest .
*
Even though someone who knows how to use tools- is useful, but not if he's using them
to break into your house ( or your trading account ).

*
I spent $3500. there . I walked the walk. Let the riff-raff swim in the mud, we have things to do...
*
'Nuff said, let's drink up and now get back to work:
Look at what we need to do to improve,
visualize our end goal images- in vivid detail, as if it's real,
develop a knowing within yourself that you are activating your higher self to attain these end-goals
- more quickly and faster than before.
*
Dr. Wayne Dyer once said: '' Believing is Seeing '' as the proper step to achievement. Not the usual
way most folks think, as: '' I believe it when I see it ''.
All the Best, G.

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  #63 (permalink)
Buenos Aires / Argentina
 
Experience: Intermediate
Platform: Tradestation
Trading: YM
 
Posts: 15 since Oct 2013
Thanks: 46 given, 14 received


I was in puretick room for 4 months (in the Spanish room ) at the beginning I was convinced it was a system that worked , he had a high rate of success in the alerts , but when I started to trade I realize many things ..

the system is whit aggregate contracts when an alert goes against, contracts are adds , but if the price continues agains to the alert and the stop lose is at 20 Tick,. really is too bad, because being stop out with aggregates, means the gain of several days, very difficult to reverse that loss
because the target is 7 tick , second target 10 , and third target to flush..
Sandra the coach ( alex's girlfriend ) copy exactly the alerts given by Alex , which is received by the students up to 10 seconds later the main alert . when is a good alert and all student Win Money (5% or less of student in spanish room trade in real money) is all fantastic , nobody asks if you entered the trade with the alert or setup, price .. etc. but when alerts its bad, the fault is of the students ( puretick giving excuses, like you are not wait for the setup, does not add contracts at fair price (as if I were a magician ) or not entered right on the alert ( according what is convenient excuse )
in the English room directed by Alex (I've been there a couple of days ) much as the room in Spanish, the both coach is saying all the time to take profits and celebrating the trades, even when the alerts are horribly bad ,and still not reach the target of 7 tick , the celebrated and gives the signal to take profits .. ( very cute…)
Nobody can contradict it , or ask questions to him or commit to the system as he get obsett(or simulates angry )
maybe there is profitables students , adapting the methodology to their own style of trading , I do not know.
a student of the English room told me one time, that most students who remain for a few months or years , are gamblers , playing with alerts as casino, red or black .
the system is also adapted to answer any questions , and is never allowed in the room doubts the system , but as I said do not put the DOM on the screen. NEVER PUT THE DOM IN THE SCREEN
otherwise, 7 years making and trading his system should be now be billonaire , And the famous track record 89.9 % is made with 6 contracts , he never makes trading with 6 contracts, the set on track to record what would seem that the cast had with 6 contracts , there is no alex puretick account exclusively for the track recorD 6 contracts . is a lie .. another one.
is mathematically impossible to have hit 89.9% every year
If you see the track record aggregates are fantastic at the right price and Time.. because the track record seems armed after the day of trading ..in the track record so he also knows when to stop running or when to take profits .. that in the two rooms, Spanish and English.
Many contradictions with profit taking too, was never clear whether the coach was in or out of the trade and when taking profits.
I feel a fool for not realizing this at time.

I apologize for errors in the language, but English is not my first language, I hope I have made clear my experience.

Sony108

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  #64 (permalink)
Toledo, OH
 
 
Posts: 41 since Nov 2012
Thanks: 16 given, 46 received

Thanks to the last poster.
I urge those reading this thread for the first time to heed the words of the last post and NOT take it as a 'let me check them out'. If you are new to this business, you will likely fall prey to gimmicks like these on your own.
I 'll make a broader generalization here-order flow skills are real and the number of vendors who get it can be counted in one hand! I won't mention names but AMA threads should give you some idea.
Another tip, if you are considering a trade room guru, and he/she uses an inverse risk/reward ratio, RUN.
If he/she peddles 70%+ win ratio, consider them an amateur with website skills only. (Or extremely skilled scalpers who don't run trade rooms for a living)
If you are into daytrading, get used to 40-50% win ratio. This is where the highest profitability will be in liquid Futures if trend trading. The most legendary traders of the last few decades would vouch for that as well.
Thx

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  #65 (permalink)
Site Administrator
Manta, Ecuador
 
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Let's be honest. Anyone that reads this thread and then wastes any time or money with this vendor deserves everything they get.

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  #66 (permalink)
Hamburg + Germany
 
Experience: Intermediate
Platform: Motive Wave, Oanda
 
Posts: 18 since Mar 2010
Thanks: 13 given, 15 received

So here seems to be the answer to my question from earlier in this thread:



TraderTed View Post
I would really like to hear something from those people who visited Alex for a mentorship.
In the time while I was in the room, several people did this. They paid thousands of dollars + traveling expenses, to trade alongside of Alex for a week and get special training.

It would be interesting to hear from these people, what their impression was.
  • Did they learn something important, which is not taught and / or cannot witnessed in the room, which would be worth the money ?
  • Did the mentorship help them to become successful profitable traders?

For example at about the time I was in the room a female trader called Sandra started there as well. She was even kicked out of the room by Alex on 2 different occasions, because of similar arguments as mentioned in the previous post above.
Later I found in another forum on the internet a thread about puretick, in which she (Sandra) commented positively that she did a paid consulting with Alex via Skype and after that she now would understand the method etc. what she did wrong etc..

About a couple of weeks later I witnessed, while being still in the room, that Sandra had traveled to Florida (from another country) to even take the big and very expensive mentorship with Alex !!!

So I really would love to hear something about that kind of experience....




Sony108 View Post
Sandra the coach ( alex's girlfriend )....


So it seems that Students who pay thousands of dollars and fly to Alex for personal coaching are getting their own room at puretick and become the girlfriend of Alex!

I just looked on the website and this is definitely the same Sandra from Uruguay that runs now the spanish room!

Is she really his girlfriend now??

"A chap who speculates- let this be said-
Is very like a beast on moorland dry,
That by some evil spirit round and round is led,
While fair, green pastures round about him lie."
v. Goethe (Faust)
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  #67 (permalink)
Buenos Aires / Argentina
 
Experience: Intermediate
Platform: Tradestation
Trading: YM
 
Posts: 15 since Oct 2013
Thanks: 46 given, 14 received


TraderTed View Post
Is she really his girlfriend now??

Yes TraderTed, it was no secret in the spanish room. at least until two months ago was the girlfriend, lived together in Destin FL.
Now I do not know, I guess if.
At this moment she is in europe, because she could not stay longer in the U.S.

Also remember Alex and Sandra were desperate for more people will enter the room, that they buy the master guide, indicators and other ..
but as I said earlier , in the spanish room, only 5% or less trade with real money, there are very few who have purchased the master guide and indicators, the master guide is 2000 USD, a real scam to for the content that have.
I think, I can not ensure that they (sandra and alex) do not trade real money.(we would have to ask tradestation, about the accounts of the Puretick coach )

Sony108

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  #68 (permalink)
Nelson, B.C. , Canada
 
Experience: Intermediate
Platform: Ninja
Broker: IB.ca
Trading: Tf, 6E-soon, ES,CL
 
Greatwest1's Avatar
 
Posts: 53 since Dec 2011
Thanks: 94 given, 43 received

Puretick.com had to change their web site to this ; 'Puretick.co - because of so many complaints.

BEWARE . Puretick.co is hard to cancel your subscription without over billing.
Alex - likes to have affairs with his chubby lady traders. Hi Sandra ! How's Spain ?
Not a great site.
Word gets out.
Alex, obviously is not a real trader; any trader worth their 'salt' would accept that some people will question
your strategy (-ies), NOT Alex, he will kick you out of his room if you question his trades !!
*
Alex makes his money by selling memberships.
If not, then why does someone with a so called 89% success rate, only have 80-110 people in his room every
month ?? after 5 years !
Obviously people get smart and drop out; so he brought in Brian - a marketing person to boost sales.
*
When you have integrity, you don't need sales' people to push the hype and do extra billing
Wise up Alex...
Show your live DOM and we'll see your real Trades !! Doubt you're big enough to do that. ... I paid my dues, hope you learn from these comments above
about PURETICK.CO - = AVOID

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  #69 (permalink)
Legendary Market Wizard
Prince George BC Canada
 
Experience: Advanced
Platform: IBs TWS
Broker: IB
Trading: Stocks
 
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Posts: 828 since May 2013
Thanks: 125 given, 2,121 received

They are now calling anyone who was in the room at one time; I took a trial in 2008; and are offering a trader boot camp.

Got a call today and was gauranteed $1000 per day if I successfully completed the training. When I told him I wasn't interested he said he had to get going as he had another 200 calls to make today.

I guess I should have asked if I could pay for the course once the profits started rolling in.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #70 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 6,002 since Jun 2009
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deaddog View Post
...
Got a call today and was gauranteed $1000 per dayther 200 calls to make today.
...

I always give out Starbuck's phone number.

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