Jscott may also advise the same of aspiring attorneys, CPA's, engineers, business leaders or pro athlethes. Don't PAY A DIME FOR EDUCATION. SCREW YALE. WHO NEEDS THAT ON A JOB RESUME. READ A NOLO LAW BOOK. BRIDGE BUILDING FOR DUMMIES IS A LOT BETTER (AND CHEAPER) THAN A DUMB MIT EDUCATION. I am afraid that attitude is typical of a Vegas slot machine player. Just get a plane ticket and hit the tables. You can win. Just say "Baby needs shoes." The secret of all winners. It is little known but all aspiring heavyweight champions just go down to the local bar, get drunk, then take on the bouncer. If you take him, you get a shot at the title. Successfully, Alex L. Wasilewski Co-Founder & Head Trader Trades That Work www.puretick.com 1-877-GOLONG1 ( 1-877-465-6641 ) If you think all that hard work nonsense BS is wrong, just report me to the CFTC. Tell em, Alex is taking away my dream.
barfingcat? You asked me a question whether you began thread or not. Ya don't like the answer then spit up a hairball. And yes. Either one of my cats could teach you how to trade. To answer your other question: How can I post on this site when I am not trading? Well, number one the market is closed now. Number two, only a gamblerholic trades 100 times per day (unless you are a local who owns a seat). I place about 4 trades per day (less than before I began educating traders). You have asked truly an ignorant question. That is like asking a Yale law school professor if he or she handled a slip and fall case in the past week? If no, then you conclude Yale Law school is not a good law school? I guess you probably do since we are sure you have not gone much beyond High School in your education endeavors. But that does not make you bad. There is a need for people like you. Even if you ever do trade there is a need. When I do trade I need someone to take the opposite side of a trade. Successfully, Alex L. Wasilewski Co-Founder & Head Trader Trades That Work www.puretick.com 1-877-GOLONG1 (1-877-465-6641)
Actually, I have a good education from a top-ten University and it has served me well. My advice is not to get your JD or MBA right after undergrad. Go get some experience so you are better prepared to become a professional. The same applies to trading. I think signing up for an advanced educational service as step one is not near as good as getting experience/screen time beforehand. When I first started, I didn't know what I didn't know. Now, I at least know what I don't want to know. As indirectly mentioned in my original post, I actually encourage the OP to sign up for Alex's trial at some point. So, forget what everybody posts and go find out for yourself. The often caustic diatribe on this forum is emotionally-charged. Trading has no place for unabated emotions. And yes, Alex's comments are caustic as well. I realize Alex isn't making it easy. But this is about making money, not ego.
I think there is a few guys who are just natural teachers and simply have to teach what they know, teaching is jus what they enjoy. Steenbarger is a great example IMO. 99% of the other clowns though are garbage.
Thanks JScott. Totally understood, regardless of that fools ranting afterward. And most commentators have reaffirmed your post as well. Fortunately, I would not go near Spectra's free offer with a ten foot pole. He is incredibly hostile and overconfident, two attributes totally absent in all the best teachers. His obsessive need to attack is scary and speaks volumes (especially to newbies like me). His vitriole is amazing taking in the fact he is a businessman and not a Pro Trader. But, as they say even the worst publicity works. To the rest of this thread: Thanks again for all the advice. I have found three reputable Pro Traders that charge next to nothing and have great feedback. As everyone has said real Traders trade. Some Pros will provide advice, chat, structure, a strategy and continuous help for vitually free. It's because they are Pro Traders not businessmen. Thanks, BC PS: And Alex, the saying is "Baby needs a new pair of shoes." LMAO
<i>"To the rest of this thread: Thanks again for all the advice. I have found three reputable Pro Traders that charge next to nothing and have great feedback. As everyone has said real Traders trade. Some Pros will provide advice, chat, structure, a strategy and continuous help for vitually free. It's because they are Pro Traders not businessmen"</i> Congrats on your discovery. You'd be doing the masses here an eternal favor by listing contact info for your pro trader = educators for all to take full advantage of. No sense in tossing it out there as a tease without giving the helping hand to everyone else just like you. Let me add these facts to keep in mind as well. What I'm about to share is not opinion or belief... they are absolute laws of our profession. * There are four segments one needs to harness = master before consistent success is possible. They are: #1 - Ability to read charts / markets and determine whether price is more probable to go up, down or continue sideways from any bar forward. We need to know whether visible clues give odds of probability for pending direction, or not. We need to know this information inside all market conditions: low volatility, normal volatility and high volatility. Intraday traders will commonly face all three varied conditions one or more times daily. We especially need to know when we cannot know what is probable to happen next. When price movement goes from favorable to unfavorable per your method or approach, we need to know that thru the shift of change. #2 - Ability to determine where high-odds trade entry locations exist. Mastery of step #1 makes this process possible. There are no shortcuts... no red arrow / green arrow, no automated systems, no blind following dual indicators, no shortcuts exist to overcome ignorance of reading market action. #3 - Ability to determine your own method of trade management. I can promise you this: no one on earth can teach you how to manage your trades when your real money is live in the market. When your real money is ebbing & flowing in your account, anything else that anyone tells you will be forgotten. The only thing that will matter to you is making yourself feel good about the end results of that individual trade. That is not an opinion... it is an absolute law of human-nature fact #4 - Ability to manage yourself thru all aspects of reading market action, determining trade entry and managing live trades from entry thru execution to exit. Those are the four separate segments of our profession that overlap, but stand apart. Your Pro Traders can easily teach you steps #1 and #2. The rest you'll learn on your own, because they cannot be taught by anyone else. Break down those four steps, master each and you've arrived. Said easy, done hard for everyone.
Lets change the topic a little if you can without mentioning the other guy that this thread is really about based upon all your messages at ET except for message #1... Do you truly believe that there are pro traders that provide "continuous help" for free? Maybe you meant "limited help" especially when the educator is trading. Therefore, you should define the word "continuous" to prevent misunderstandings that seem either naive or without facts. In addition, all traders are business orientated... Those that don't treat their trading like a business are not around very long just like any other mis-manage business. Here's a serious question...do you know that some pro traders have their trading incorporated or LLC and they aren't even vendors? When was the last time you filed your income taxes with your occupation as trader? I'm just curious what your income tax form looks like after you complete it if you don't treat your trading like a business. Also, when was the last time that someone asked you what do you do for a living and what was your reply? Last question...hopefully you can answer it... Name one pro trader (you mentioned you found three of them) that provides continuous help for free. Will any of them be providing you with continuous help for free...if not...why not? Pro traders know that trading is a business and they treat it as such. Mark
Very well said Mark. I agree with you. I trade for a living. I make good money from trading. A lot more than I ever could trying to teach other people how to trade. While I like helping others, why would I ever want to sacrifice opportunities to trade during trading hours to teach others? During non-trading hours, maybe. I asked my trading instructors why they chose to teach. The canned answer was "teaching can help me improve my own trading skills". A noble reason, it seems. But to me... not enough to sacrifice my potential income opportunities. I improve more by engaging in more trading actions and learning from my own mistakes. Unfortunately, this thread has degenerated into many personal insults and every other posts mentioning PureTick. Are there any educators that work? My belief: there are but only the basics. Beyond that, the majority are scams. If there are really strategies that work and can stand the test of time, a goose that lays golden eggs sort-of, why would they ever sell such a system/concept to anybody for any price. Think about it.
There are three kinds of trading educators: 1) Those that don't make enough money to live on from trading, but they don't lose their shirts. So, if you can survive without blowing up account after account, then you would naturally turn to selling a service to stay in the business because it's what you know and you can incessantly tell people that "I have x number of years professional trading experience". Of course this is never followed with "and I have grown tired of the obscene money I make". Estimate: 80% of trading educators. 2) Those that make some money, but their account isn't really big enough to make "big" money. Let's face it, someone who has access to only $50k isn't really going to make "great" money from trading. But add 50 subscribers/students for $200-300 per month or get a job with OTA/Better Trades and now you can at least afford to take the wife and kids out to eat whenever you want. Estimate: 19% of trading educators. 3) Those that do very well for themselves trading their own account, OPM, or whatever . . . but they are "bored" and need additional stimulation from the teaching process . . . or maybe they want to form their own trading desk and do a Turtles experiment - who really knows? Estimate: 1% of trading educators. Good luck determining who falls into group #1 or #2 . . . you won't know from their marketing, only after closely observing their trading will you catch a clue . And even then, you see a lot of suspicous things. For God's sake, don't EVER, EVER join a service that does black box trading where you just follow along. That's the complete opposite path of becoming a professional trader. #3 is not available to 99% of wanna-be traders and they don't post on this board. When I first started trading, I sought out three professional traders in my city who traded their own account successfully. They were willing to tell me that "it's possible to succeed", but they really didn't want to spend much time with me. I was a distraction, exactly as Bolimomo said. When I realized that groups #1 and #2 could help me to a certain extent, but I had to help myself more, my trading dramatically improved after a bunch of screen time. Keep trading.
Yes, I totally agree NihabaAshi. I understand completely that as a Trader you must treat every second trading as a business. I guess I was just trying to make a distiction between Traders (who operate trading businesses) and trading 'educators' who run businesses. Thanks again almost everyone, BC