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


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

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  #1 (permalink)
 Ben16JP2 
New York, United States
 
Experience: Beginner
Platform: NinjaTrader,TradeStation
Broker: Optimus/Rithmic
Trading: ES
 
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Posts: 75 since Oct 2010
Thanks: 179 given, 33 received

I see that Pure Tick has a track record of over 89% winning trades, according to their website.

If anyone who has been, or currently with pure tick please give a review.

Questions I would like to know:

Are entry prices called in advance?
Are stop placements called before or after a trade?
How are profit targets determined?

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  #3 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received



Ben16JP2 View Post
I see that Pure Tick has a track record of over 89% winning trades, according to their website.

If anyone who has been, or currently with pure tick please give a review.

Only 89%!!!

Lock them up if they go to 88% or lower...


NiN

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  #4 (permalink)
 drytlewski322 
Fort Lauderdale Florida
 
Experience: Intermediate
Platform: Ninja Trader
Trading: CL, 6E
 
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Posts: 39 since Mar 2011
Thanks: 7 given, 60 received

I spent some time in the room, actually under two different ID's at two separate times too take advantage of the $29.00 offer

You will find that their is tons of talking by the moderator, it is annoying. But back to the track record, it claims to have that, I did see quite a few winning trades, but the loses are there as well, just not talked about as much.

You will find you can never match or come close to his calls, their are times they are in, and then no one knows or no call is made, and by the time they do say something, they are scaling out.

Kinda of like, "Did you guys all catch that?" WTF? you just said there was no set up, or it was a poor set up, then all the sudden it is a 30 Tick winner.

Try for yourself, but the best way to to learn and never rely on one to give you the calls. There are a few good rooms out there, but you still must use your best judgement and discretion on the calls.

In my opinion, It was not for me, they take in the newbies and sell them a bunch of indicators, mentoring ect. You may find it suits you.


I remember when I first inquired, they hit me with relentless emails of marketing, never a good sign. Then when you reply to one of those emails (they make the email seem it is right from a trainer, who has your best interest at heart, bit is is all automated) they always say call the 800 number and anyone can help you. When I did that, I got the run around on answers by a phone admin. and never a strait answer. They also use affiliate marketing to promote, Once again is why I stayed away. I did do two trials just to be sure and investigate, and I was right, it was just not for me.

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  #5 (permalink)
 Family Trader 
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received

This outfit,Puretick, has a notorious reputation and not really worth of further discussion on this forum.

By legal definition...charlatans.

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  #6 (permalink)
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
 
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Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,342 received

They add to losers. I stay away from any day trading system that adds to losers, because the amount loss on trades that lose are huge compared to the amount on trades that win. So you can have 90% win rate, but if you loose 2 or 3 times as much on every loser, then that win rate becomes less impressive. Win rate is misleading, and that is why they advertise it. What matters is expectancy. There are plenty of traders making tons of money with a 40% win rate, they have more small losers, but big winners.

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  #7 (permalink)
 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 94 since Feb 2011
Thanks: 35 given, 20 received

I concur with the feedback on this room. I took a trial with them and i found it very difficult to keep up with the moderator, the way he trades. There is an alert system in the room but you cannot wait for that to take the trade or you will likely miss the move imo. I never showed the same results at all so their performance is definately misleading. I know this is par for the course but some posted peformances are in the ballpark not this one. He also doesnt take questions well. He often chastizes newbies who either question the trades or just don't understand his methodology. Not an endearing trait imo.

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  #8 (permalink)
 toulouse-lautrec 
Europe
 
Experience: Beginner
Platform: NinjaTrader
 
Posts: 73 since Jun 2009
Thanks: 11 given, 53 received

be sure to use a prepaid CC or similar when you take the trial. They make it extremely hard to cancel out of the trial, demanding you to give them a call to a phone number which nobody ever picks up.

The calls are confusing. Stay away.

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  #9 (permalink)
 rtrade 
Paradise, USA
 
Experience: Beginner
Platform: Big Charts
Trading: E-mini, Forex, Futures, Equities, Options
 
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toulouse-lautrec View Post
...They make it extremely hard to cancel out of the trial, demanding you to give them a call to a phone number which nobody ever picks up....


Clearly these are red flags indicating they are CHARLATAN TRADERS!

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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  #10 (permalink)
 jagui 
Italy - Roma
 
Experience: Intermediate
Platform: Ninja + proprietary
Broker: IB
Trading: Index futures, Forex, Stocks
 
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I had to disable my credit card to unsubscribe... back in 2003 or so...

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