You can be pretty sure that my version will use a lot less CPU resources than theirs does, until they get around to copying my code.
Number One's PT Order Flow® looks like Gom Up and Down Volume but would have to be based on UpDownTick not Bid Ask because TradeStation® does not have BidAsk data (Alex LOVES TradeStation®, using it confers an aura of professionalism) and they would not be using the GomRecorder for their proprietary indicators.. (would they?).
There can never be any doubt who Number One is in the Puretick universe. There have been rumblings of discontent there for quite some time, but any personality cult will have appeal to some.
Puretick has gotten much bigger over the last few years. I wonder what happened to Alex's original sidekick, CajunSniper, who kept a low profile but actually sounded very intelligent the few times he was heard in the Trading Room.
Disclosure: This weekend I have been watching some documentaries about North Korea on You Tube.
Last edited by Zondor; November 17th, 2012 at 06:05 PM.
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Cajun is still around. But he keeps as you said a very low profile. He does not call any entries or exit.
In Alex room there is on guy called Stretch who is very active and seems to even outtrade Alex. But again, he starts with many contracts and scales out one by one.
So if the market is trending you see him scaling out and get the impression that this guy catches every bit of movement. But he never calls something like "stopped out with the full position!".
They always praise their wins but the losses happen on the side without much talking about.
In general Alex is very much fixated on being right instead of making lot´s of money. With a general stopp loss of 20 - 25 ticks and taking half of the position at 7 - 10 ticks he needs his 89 % win rate to at least make a little bit of money, because the loosers eat up all the little winners.
There where often situations, where he got very angry, when somebody tried to talk about loosing trades. Even if just to review them to learn from the mistake. Alex yelled that he does not want to think about loosing trades, because this would mess up his psychology. (And of course it scares away newbie customers.)
Alex is all about having such a high winning percentage, he claims to be the best trader in the world. "Not the richest...but the best!".
By the way this is thing with Number One: "Number One" is Louis Borcelino. Who is one of the biggest locals in the SP500 pit in Chicago. Ben the moderator of "Traders Audio", which Alex is listening to while trading , often talks about what "Number One" (Borcelino) is doing in the pit (bying or selling etc.).
So Alex is joking in his room, that Borcelino is in fact number two, because he (Alex) is the real number one.
Now it seems that this joke gets more and more real thinking, because he names the new indicators after it.
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PURETICK is a scam. The owner simply uses psychological games to convince the members that he is a real trader. HE GETS RICH WITH YOUR MONEY!!!......
I speak from experience as I was a member for a few months. Take it from me, many of these TRADE GURU rooms are just ways of stealing money from new traders.
Any Questions just ask me,
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This is not a review, but I could not resist posting. Over at ET there is a thread about Don Miller that I stumbled upon, and the "Co-Founder and Head Trader," Alex Wasilewski, posts numerous times on the thread and uses some of the most foul language (it is ET after all) I've ever seen. It's like a bunch of babies having an argument; any real professional would shrug it off and get lost, but it's clear that he has some serious issues. I have no experience with PureTick nor any other vendors, but in case anyone was reading this seriously considering PureTick, I recommend a read of the thread on ET I'm referencing, to see the kind of behavior of the person you would potentially be doing business with. Shocking and laughable. I normally don't post in this section, but I thought it best to issue a warning for any potential customer.
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I disturbed their great discussion of course. I told everybody that nobody can follow Alex. That is the truth.
To be honest:
I think that Ray might be really good.
He might be not honest about where he learned his great stuff. I learned the exact great stuff from Christopher Koozekanani (www.fulcrumtraders.com which is now owned by his student Brian Gardner) and it is not complicated - you do not need an expensive room fee.
Christopher did some great webinars here on BigMike`s. Watch that please. It is really good and keeps you away from monthly room fees.
Of course I cannot assure that Ray(puretick room moderator) got his order flow stuff from Chris. But it sounds similar...
Ray might be the first really great teacher at puretick...
what he presented sounded really good...
but puretick always wants to have clients that are DEPENDED to puretick - so you "never" get the last "secret" from them that makes you an independent trader!!!
What you have to be careful about:
Do not watch too much what other people are doing!!
You can never follow another person`s trade entries!!!!!!!!!!!!!!!!
That is just not possible.
You have to understand what you are doing.
Do not follow.
Free stuff does not help you!
Understand that, please!
Learn a method!
Do not copy! You will lose!
Puretick is looking for stupid followers that just want to copy trades. That is their business - although they tell you another story than I do.
They make those followers ridiculous - as that short dialog from the presentation is showing -
haha: How funny is that person that is all the time against Alex`calls!
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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.... – –
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When I was in the room, he supposedly had a student sitting with him for a week. But who knows if that was true.
I remember Alex once said a room member (White Rabbit I think, but this was back in 2010) did a private mentorship with him, and started on a balance of $5,000. I think this is another shill to try and get people to trust him.
Puretick is a disgrace. I hope and pray people find this thread in a Google search.
If I was a successful trader with an 89% success rate, I wouldn't have the time or inclination to have a trading room. If I was a bad trader with just enough chat to be convincing I sure as hell would. That is Alex.
- Trade what you see. Invest in what you believe -