I Puretick will be unlike any
other futures trading education program you ever experience
A Trading is Tough and so are we!
B You will be challenged
- At Puretick we believe that professional traders are
trained not born. You do not need special gifts to become a
professional, consistent trader.
- You need to be dedicated. If trading takes second
place to other jobs
or careers, you will fail. If family and social commitments take away
large blocks of your time and interrupt the time you concentrate on
trading, you will fail.
- If you are afraid of losing money, you will fail. The
amount of capital
you devote to trading does not have to be large, but what you mark for
trading must truly be “risk-capital.” It does not mean that you are
borrowing $5,000.00 of your child’s education money that you will
replace next year when you begin to make your fortune.
- If you need to make market predictions that come
true, you will fail.
Trading is not an ego contest. It is a business. We expect you to treat
this like a business.
- Do not expect me to be nice. I am not running an
etiquette service. If you want to learn to be nice, log on to the Emily
Post Institute web site.
- Think of Puretick as Marine or Navy SEALs training.
We are the Top Gun program of Day Trading. Don't ask me to tolerate
poor trading habits as you would not ask a Navy SEALs instructor to
have a few more "cookies and milk" breaks.
- Trading is a predatory business. I am training you to
be a predator. You must develop the trait to prey upon the weak. You
will not be taking money from the successful pro trader. You will be
taking money from some amateur. You must be able to enjoy knowing that
your last winning trade came at the expense of some poor
undercapitalized slob, who just lost his job, who is gambling away his
child's tuition money, and has the temerity to trade against you.
C You must be willing to “re-learn”
what you know about trading
- If you expect to sit back and have a trading Guru
call out trades for you, find another trading service.
- If you exhibit destructive behavior by posting
comments in our trading
room that indicate you are not prepared to follow the program ---
expect to be severely verbally reprimanded in the trading room. Our
traders are serious about improving their trading results. They are
aspiring professional traders. They want to grow by associating with
others who share the same goals. A trader not up to growing will be
challenged not only by Alex or Geoff, but by other traders in our
- If you arrive in the room late you will be chewed
out. You will be trading against the top traders on the planet and I
can assure you, they are prepared.
- If you complain about our tough conditions, YOU WILL
BE ATTACKED EVEN HARDER. Would you rather have me "unprofessionally
attack" you, or the market to "kindly and gently" take your money from
- We are not strictly technical traders
- We are not fundamental traders
- We believe that the most important component of
successful trading is an individual trader’s personal belief system.
- There are many successful professional traders
employing dozens of
different technical and fundamental methods and earning a very high
level income from each.
- We teach what is almost universally common to
many successful traders
- The most important "setup" is that a trader come
to work every morning KNOWING that he or she is going to be a winner
D What YOU must be willing to do:
- Start with at least $10,000 of risk capital.
- For many even that is not enough
- Treat trading EXACTLY like a business or profession.
seemingly available to traders actually enables many actions or
behaviors that result in trading failure. You must fight through
EXCUSES that stop you from developing as a professional trader.
- I have seen traders leave the trading room to go
shopping in the middle of the trading day
- Brain surgeons do not go shopping in the middle
of a surgery
- I have seen traders join the Puretick trading
room and go on a vacation 2 months after joining.
- If you opened a new restaurant in town you
probably would not close it
down 2 months after your grand opening to go white water rafting in the
Rockies for 2 weeks.
- What about “Real Excuses” like needing to care for an
ill family member?
- The short answer is that until you are firmly
established in your
professional trading career, “YOU MUST BE WILLING TO LIVE LIKE VERY FEW
ARE WILLING FOR A COUPLE OF YEARS; SO THAT YOU CAN LIVE LIKE VERY FEW
E Puretick is committed to Lifetime
- The biggest mistake amateurs make is their desire to
know it all in as short as time possible.
- Every successful professional trader I know maintains
at least one coach/advisor in at least one discipline.
- Traders use motivational coaches, hypnotherapists,
technical coaches, economic coaches, peer to peer advisors.
- If you want to play do-it-yourselfer, build a cabinet
down in your home/garage tool shop.
- We can monitor “poor self-image thinking.” We can
point out market
conditions that set up unusual risk. We can point out overlooked
F What I will do for you
I founded Puretick with the idea that if I
could eventually learn to
become a consistent, professional trader after 4 years of unprofitable
results, I could teach most aspiring traders to trade better in a
shorter learning curve.
I had been a successful investor/money manager from 1981 to 1995. My
emphasis had been long term investing in out of favor stocks;
“Contrarian Investor” as others might label it. This kind of investing
followed the school of people like David Dreman of Forbes and his own
management firm. By design we made the assumption that the crowd was
usually wrong and given time, the market would correct the extreme
emotionalism of the majority of investors.
This method worked well in building large stock positions over time and
taking advantage of long term capital gains.
It proved horrible when I began to day trade futures!
We had until the market close to be right. There was little room to
fight the market. What had to be successfully employed was a method of
trading with the crowd---only getting there 3 minutes before the crowd
After four years of “refusing to give up,” with the help of my mentors,
and a structured building of my experiences and setbacks, I was able to
chose some of the best day trading methods that fit my style. More
important, I also changed THAT PART OF MY PERSONALITY that permitted me
to assume as mine, the tried and proven ideas of successful traders
So in the Puretick trading room, I will spend the most time teaching
students how to constantly think of the risk of a potential trade
rather than how much money one can make.
Of course, for structure, we will over and over use a few of the many
technical setups I have learned over the years.
Four to five times per day I will sound a trading alert (after
demonstrating by a current chart the setup about to take place). Newer
traders will still be encouraged to place these trades on a simulator,
not trade cash. They can more easily learn the reasons for the trade
when they are not distracted by the fear and greed of watching their
real time equity go up and down.
Here is the hard part. Any trading guru or book can throw a setup at
you and you can start trading it tomorrow. Why do many futures
traders fail when so many books and advisors exist? Because these
setups occur more times when other market conditions lower the
probabilities of a successful outcome.
The ability to recognize, under fire of the real market condition, when
trading probabilities are reduced, and risk is greater, can only come
with experience. We will be able to add our experience to what you
undergo as you grow with us, thereby reducing the total time of the
Lastly, TRADING IS A PROFESSION. Or if you prefer, TRADING IS
STARTING YOUR OWN BUSINESS. It is an insult to all professional traders
to think that you can sign up to my trading room tomorrow, and be
making a thousand dollars per day each and every day by next Friday.
Let’s be real. If that were true, everyone would leave Harvard
tomorrow morning and join Puretick. Every restaurant would close
tomorrow and all the owners would be trading the S & P 500.
So let’s approach your enrollment at Puretick as you would your
enrollment tomorrow at Yale Law School. Expect to work as hard. Read
the books we recommend. Practice. Study. Ask questions.
EXPECT TO MAKE MISTAKES
Don’t expect to have 2 part time jobs and three years from now graduate
magna cum laude. Have some money put away. The losses you will take
the next year should be considered your tuition. If you do it our way
you will “spend” a heck of a lot less than the over $200,000 one would
need at a great law or medical school.
You must work at trading at the same level you would work to become a
professional athlete. NO MORE EXCUSES. Sign up for this room when you
are prepared to make this a career. Unfortunately, no one tells you
this. The financial community is happy to let you fill out a brief
application, send them $3,000 and open an account. They do not tell you
that the next trade you take may be a bet against a world class trader.
This is the only profession that allows a rank amateur to compete in an
arena alongside accomplished pros without the amateur proving any
education or other credentials.
You could not walk on to the field on Monday Night Football and ask to
be allowed to play quarterback for a few minutes; the U.S. open would
not let you play a tennis match because you “challenged a pro” to prove
one could beat you. John’s Hopkins does not allow newbie brain surgeons
to pinch hit for an hour.
Why doesn’t the futures trading exchanges require basic training for
new traders? Maybe the pros want to take your money faster.
L. Wasilewski - Senior Trader