Kramnor

Crimestopper46 wrote an objective review of Puretick a/k/a Allen. I appreciated his review and even though I have been a member of Puretick since November, I agree in part of his review. I am writing this for anyone who may want more objective information. First Puretick has two objectives, one is to teach us so we can leave the room and trade independently. Second, to buzz trades for us to trade along with Alex. The buzzing of trades did confuse me in the beginning and at times I would get angry when he was getting out when I just got in. Alex has listened to room members and has been buzzing trades with more clarity. He may verbally announce that he is buzzing a trade but to put a limit order in or wait for a blue or red Heikin Ashi to enter. In February, I actually wrote the price down at the time of the buzzer and compared it to the track record. I saw maybe one or two per week that were more than a couple ticks from my record. Thus, there has been great improvement. I also, learned that when he writes "possible buy" or "possible sell" I need to access the situation and enter the trade when I think it is appropriate, even beating the buzzer. This leads to how education will make us a professional trader, knowing when to enter the trade before the buzzer, or maybe passing up on the trade if the stops are too large. Alex mainly teaches us to identify what prices would bring panic either to the longs or shorts. This is where we should jump aboard. We don't need any of his indicators for this. It is looking at the charts and price action. His skill at reading the tape is something I have only seen equaled with Hubert Senters. This is my main goal, to learn to be an expert tape reader. It gives the best and earliest price to enter the trade. I don't own any of his indicators because he explains in detail what it is so I get the same information looking at the chart. Lastly, I joined his room because he has over 150 videos to watch for free. After watching most of them, I understood his method and joined the room to see it live. Personally, I trade only 1 contract 90% of the time. I usually am selective on where I enter and usually only go in on limit orders above or below the market. I do miss some trades. Like what Crimestopper wrote about adding to a losing trade. Only if it is with the trend is it acceptable to add to a trade going against you. Never move your stop, only add between your entry price and the stop. This is what I have learned and observed from Puretick. With my one contract I have netted about $3,000.00 and may go to two contracts soon. My win percentage is 83%. With one contract I get out with 7 ticks. I need to trade a second contract to hold for a runner.