I skipped all the "fluff posts" in the middle so I apologize if this has been mentioned already. It's called diversification. If they are making $30k a day on average and can get 100 people to pay $200 month to listen to them that's $20k month for doing NO ADDITIONAL WORK. Then they write a book and start getting residual income from that. If the Market suddenly changes in a way that breaks their "method" (even if only temporarily) they still get the other income. In short they aren't leaving all of their eggs in one basket. Consider it a safety net.
Do the math. $30k/day on average means $150k/week. Let's say they trade for 6 hours a day. That's 30 hours per week, or $5k per hour. You are suggesting that they then put in an additional 30 hours per week (which is what it would take to run a chat room and talk to traders, etc... at least that much) for $20k per month. So that's 120 hours at $20k, or $166/hr. (It is most definitely not "no additional work", when you take into account all the emails, questions, etc... those traders are paying for some of your time, and they expect to get it.) You are suggesting that they "diversify" and hedge their risk by working at a rate per hour that is roughly 3.3% of what they make each hour trading, approximately 30 times less. That's like Kobe Bryant "diversifying" and making sure that his basketball skills don't fail him by working part-time at McDonald's just in case something happens to his athletic career. The math makes absolutely no sense. Not to mention that many traders make many times more than $30k per day, there are some that make hundreds of thousands. It doesn't work. Besides, the best traders in the world don't need a safety net - they have already taken out millions and have diversified their holdings by buying a ton of physical assets that will always be there just in case their account ever blows up. Think about it. If any really successful trader ever chooses to educate others, it's because they feel like doing so to give back, not because there is some financial incentive to do it.
This Spectra clown has plenty of time to market his business on ET every day LOL HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. Would you trust this ugly spammer? And Alex supposedly "frontruns" trades. How can you frontrun on a Demo Alex? http://www.ripoffreport.com/PureTick-com/Tutoring/PureTick-com-Alex-Wasilewski-BDD88.htm So sad ET let's you guys advertise on this site.
Who told you "opinion disguised as fact" trader? ___________________________________ I doubt it is a primary source of income. ___________________________________ Ya note how someone who gets outclassed in an argument just shuffles the topic a bit. At first the stupid claim is that Class A traders do not teach. When you shove facts in a moron's face, they then drop down to "oh they only teach part time." Well again pal, you are full of it. I have personally trained with a number of class A traders. During the teaching part, they drastically cut down the trading. And I have been at one week seminars where the class A trader was in a hotel room, not trading at all. I trade every day, and broadcast through a voice channel. I don't do seminars because it would interfere with my trading. _____________________________________ I never called George Soros a B-class trader. _____________________________________ No one said you did "get the crap out of your ears" trader. You said "Can you see George Soros selling audio tapes on the internet? I can't. Well he does. Don't change the subject. ____________________________________________________________ All of these traders are traders first, and then authors/teachers as an afterthought. ____________________________________________________________ Take a course in logic. All is a powerful word. You know this how? You took a survey. Or you were just taking a dump and made up this Gallup poll on the spot? Who is gonna be the next President? _________________________________________________ Perhaps I should have been more clear in my original statement: _________________________________________________ Duhhhhh yeah. __________________________________________ Any trader who teaches or runs a site as a primary source of income and makes more from that than he/she does from their actual trading is a B-class trader. __________________________________________ You are gonna be a busy little accountant running all those cash flow statements. I say they are a R-class trader. See I can make commode borne statements of intellectual prognostication too. _________________________________________ Good luck hiring George Soros to sit with you for a week for a few grand. _________________________________________ You hire him. I got this far without him. Don't need his ugly face around me now. And with all his wealth he could not hire me. He could use me though because the idiot was fully invested in 2007 and I went to 100% cash. _______________________________ It is amusing that you seem to think that insulting my anonymous handle is somehow going to get to me. _______________________________ It did. And it does. Along with every other idiot on this site. _________________________________ This wonderful conversation has reminded me of exactly why I don't post much on these forums. _________________________________ Great. The other forums you visit want to hire me so I can have a wonderful conversation with you and then perhaps you will go away from those forums. _________________________________ I also won't be responding to anything further you say on th is thread. _________________________________ I bet you do. You have been posting like a wildman since I answered you. And if you do not post it will still be burning your ass like a hot tamale. It is a fact of ET life. No one can resist Puretick. Remember the Exorcist? Well, the power of Puretick compels you. Look at the other sub morons who challenge me. I excoriate them every day yet they come back over and over. __________________________________ I might finish this post by giving you some advice. __________________________________ I built my business but now you are an expert in my business? No one asked for your advice. If your advice is as good as your logic, I suggest give it to General Motors, or Bear Stearns. __________________________________ Since you run a trading room, one can only assume that a large part of the reason you are posting on these forums is to gain new converts. __________________________________ No. I am practicing to take over Mother Teresa's spot. That is right pal. Only reason I am here is to attract the 3 or 4 per week who look at the kind of stupid advice people like you give and decide that I am a hell of a lot more practical and effective and perhaps I can help them learn to trade better. _________________________________ Either way, I can assure you that the attitude you have been displaying here is not doing anything to help your business. _________________________________ YOU ASSURE ME? Well my accountant says you are a moron. My business keeps increasing. So now I have to take your word over my accountant's? ________________________________ Last time I checked, one of the primary qualities of a good trader was having emotional balance and not going off the rails at the slightest provocation. _________________________________ Oooops. Back on the toilet again? Who did you check with? And how long was the last time? Did you call all the traders in the world last Monday? And George Soros, whom you said is so rich he can't be bothered with the "little people"; he took your call? Oh yeah. Back to Lewis Borsellino. The quiet, gentle Lewis Borsellino? Or the clumsy Lewis Borsellino who was always having people hit him in the fist with their faces. At least he never went off the rails. Guess you were not there to see one of my mentors throw a coffee mug through a $5,000.00 cuckoo clock when a Swiss Franc trade went sour. I know the answer. You meant to say "Well I meant to say that the primary qualities of a good trader is not having killed anyone in anger." _______________________________ It seems to be very easy to get under your skin, which isn't exactly what I would call an inspiring sign if you are trying to present yourself as a wise and serene guru _______________________________ I am supposed to be wise and serene to an asshole like that? Who said wise and serene? You did. Think more "wise and kick ass and take names" guru. And save your cloying sense of righteousness for someone else. Go tell the Navy SEAL instructors that they are kicking too much ass, that they should teach Winnie the Pooh hugging tactics instead. At Puretick I want to mold TRADING ANIMALS---yes, women and men. If they think I am tough, the market is 500 times tougher. It will rip their emotional livers out and spit it back at them. I want a trader who can take a nasty loss one day and rightfully feel sorry for the rest of the traders in the world the next day, because my trading beasts are coming back big. __________________________ Had you responded to my post with the same arguments in a more civilized manner, __________________________ Would you have tongue kissed me? Check your post buddy. In my book there is nothing civil with talking about my teaching/trading strategy and using the word SCAM anywhere in that post. You love people calling you a scam artist? Great. Maybe you are. I don't. Let's reverse it. If you had asked me a civil question like "Alex, how are you able to trade and teach without a conflict? Shouldn't you just teach people instead?" You would have gotten a civil answer. ___________________________ Even a newbie trader isn't going to be particularly excited about signing up with someone who displays your level of vitriol ___________________________ How about I let two of my students answer that. "Alex, I signed up for the Puretick trial today ........... I found you on Elite Trader. I like your no-nonsense style. You defend your integrity. As a former US Marine D.I. I feel that preparing people for a hard career requires a hard man...... I love the way you slap around the mealy mouthed critics who have no idea what running your kind of business requires. Bob xxxx" "Good evening, Count me as your newest of newbies, lol. If you are half as good a trading instructor as you are a clever marketer, (I am a former assistant marketing director for a troubled bank that had to lay off hundreds here), I think you will shorten the learning curve for me..... My neighbor, found you on Elite Trader. Her name is Barbara She is a relatively inexperienced trader and so far she is ahead by about $3,000.00 in the last two months. That is a heck of a lot better than the 90% of new traders who lose.......... .... She said that your rants on ET are an act to inflame the audience and that you were most helpful to your new students..... .....Reading some of the infantile and offensive comments you get on ET I can't believe you are as restrained as you are.... Don't let these childish creatures bother you. Your diatribes almost compel a reader- who knows anything about trading-- to check you out. Sincerely Barbara" __________________ Food for thought. ___________________ Not hungry. Listen pal. You are worse than the 5 or 6 regular assholes I deal with. Anyone with half a brain can see that they are child like idiots. We laugh at them. They are clowns with their cartoons and junk. But you present yourself as intelligent. In fact you are what I call a lazy intellectual. No facts. Just opinions. Successfully, Alex L. Wasilewski Co-Founder & Head Trader Trades That Work www.puretick.com 1-877-GOLONG1 (1-877-465-6641)
We read in the disclosure document : " Mr. Wasilewski primarily makes the trading decisions for Profit Navigation�s Clients." > click on "disclosure document" at www.profitnavigation.com HOW MUCH DID YOU LOSE IN JULY, ALEX ? P.S. Good for you , Alex ,that you have a scam room where you can pretend to be a profitable trader with a hypothetical, fake track record on pureslick otherwise you had to live on food stamps LOL
I was wrong. This is actually my last post to you. You have got to be one of the most deluded individuals I have ever come across on the internet. Welcome to my ignore list.
Hmm. Last I looked this is August. Let's see. In August 0. How about today though. And you can check it with your favorite audited results. Actually executed ALL TRADES for Pnav today. All the trades asshole, not one, not half but all. Go check the trading log for PNAV today, not yesterday, not July, not in January. I already posted the results in the Puretick room. And the Pnav clients know. Not you though. I do not have to tell you jack shit. You just keep pretending you know what is going on. I love watching an idiot delude himself. Successfully, Alex L. Wasilewski Co-Founder & Head Trader Trades That Work www.puretick.com 1-877-GOLONG1 (1-877-465-6641)
Most traders who do this "training" during the day DO NOT MAKE MONEY. You are absolutely right in asking this question, even though as in almost all the boards here people just love to jump down your throat. Their are a few big traders that teach intraday, but it's not really teaching. You used T3 as an example, I'm familiar with the firm as they have one trader that used to be with broadway that is very successful. He teaches either before or after the close, during the day he is basically on the microphone just talking out his positions. While this is great for a novice trader to hear why he got in and why he got out, in actuality he's just saying his process out loud instead of in his head, so it's not like he's doing anything he wouldn't be otherwise. Even though there are one or two guys out there that basically spoon feed you trades and make a lot of money themselves, most guys who teach online especially during the day run a business and DO NOT MAKE THEIR MONEY FROM TRADING. There are many firms out there where the teachers are trading 1000 shares of Citibank and preaching to people who spent good money to learn from an experienced guy. Just b/c someone is experienced doesn't mean that they're good. The guys that actually make money might be on the mic, but they also have size on and have their size and price on the screen for you to observe. THERE IS A BIG DIFFERENCE BETWEEN GUYS WHO TALK OUT THEIR OWN TRADES AND GUYS THAT ACTUALLY TEACH DURING THE DAY. Many shops let you demo their MENTORING ROOM, or whatever they want to call it, for free. Sample a few of them out and make sure that the guy teaching is actually trading and making money. I have sampled many of these rooms to see which features I wanted to use in my own Teaching Room, however I decided against it. The reason that firms have these rooms is to make money, which is only fair if they are helping you make money. Just be sure who is teaching you and HOW MUCH THEY ARE MAKING. I sampled the t3 room, some hold brothers sub group rooms, keystone room, assent sub group rooms, dimension and their subgroups rooms and so on. The only one out of all the 15 or so I checked out that was worth subscribing to was the T3 room. It was the only room that was well put together, had tutorials all day and most importantly had a MULTIMILLION DOLLAR PRODUCER on the radio all day. Don't get me wrong, I don't trade with them and will say that there were a few guys on the mic that I personally wouldn't follow trading, but there big sell point to me was that a trader making millions a year talked you thru what he was doing while he was doing it. All of the other groups were awful in comparison, which is when I decided against doing my own room. To be blunt, I wasn't looking to sink that much effort and money into an online room and to be competitive enough to justify charging an amount of money that would be worth my while I would have had to be at their level. To conclude I will say it again, make sure you know who's trading and can see their position. I previewed assent, hold, Keystone, etc and all of these internet rooms had the owner of the firm going thru slides and trading bullshit stocks. If you're trying to learn don't pay to learn from the guys that Charge a TRAINING FEE, learn from guys who will charge a monthly fee where you can cancel if not satified. I watched some of the bad rooms and was sickened by watching guys who claimed to make money consistently and really only made money from the website. Just ask yourself the same question I did, WHY THE HELL WOULD I WANT TO LISTEN FROM SOMEONE WHO CAN CONSISTENTLY MAKE MONEY IF THE MONEY HE/SHE IS MAKING IS 200 BUCKS A DAY. And that is most of these sites were like. Someone sitting there teaching you to scalp shares of stocks that don't move while they themselves are trading the same pieces of shit all day. Why would anyone be trading 2000 shares of C for a five cent move who is supposed to be a PROFITABLE TRADER. If you compare something like that to a model such as a T3 or similiar you are watching one guy make 200 bucks grinding bullshit stocks and the other trading up to hundreds of thousands of shares of whatever is in play and that actually have a traders range (minimum 10% move in a cheaper stock or atleast 4-5% on an expensive stock)