PureTick.Com DAY TRADERS Blog!

Q: I still do not understand how you decide to stay in a trade or exit? I bail way too early sometimes only to watch the market (I will not chase trades) go another 10+ points then you guys take profit. I feel “dumbed down” when I capture 10 points and you guys say “that was a nice 25 point run. — Marco/MMTrader74

A: For those of you who remember the old video game QBERT you’ll recognize the frustration marks in the subject line of this blog. We have received a lot of questions from newbies on when to trail and when to bail out of a position in the futures market. Thank Marco, a user in our trading room, for the above e-mail inquiry.

I can tell you how *I* decide to stay in a trade or take a small 10 tick profit on the Dow E-Mini YM.

First, I will look at things such as the type of day we are in. Trending day or oscillation type like Bollinger Band/Keltner Channels being tagged? The strength of Alex’s filters and market internals such as NYSE advance declines. Are they hovering around 0 (indecision) or -2000 (in which case i’d definately trail any short!!) Have the ticks been biased to one side of the + or - scale or have they been choppy. Little things like that will help you see the true breath of the market. Use 2 or 3 or if your a member of the trading room. Go in a trade when the alert is BUZZED and exit when Alex says “I’m flat or I’m all out” Even if you have one contract. You could also just use your auto trail feature in your brokerage program or our Exit Assist program if you have eSignal or Trade Station. Also on days like OEX or FOMC it’s always a good idea to not trail your trades. I won’t trail on these days myself as a lot of games are being played in the market. All these things come with experience and time but we should be able to help you bypass a lot of time by stealing our experience and knowledge :)

VIDEO ON THIS TOPIC: http://www.puretick.com/video/trail

Geoff aka CajunSniper - Co-Admin PureTick.com

Greetings,

A lot of you older Adobe Flash users have been having problems
viewing the videos on our web site. This is due to a bug in Adobe’s
flash plug in in conjunction with Camtasia.

I’ve applied a patch to all the videos on the server and you should
now be able to view them with no problem. Thanks for your patience

Greetings,

By popular request, here is a CATORIGZED list of day trading videos on-line on the PureTick site. . . .
The topic/content is listed as well as a direct link to the video below the description. (CLICK ON THE TITLE OF THIS POST ABOVE FOR THE FULL POST–THE BLOGGER CROPS THE FULL ARTICLE)
There are also various other videos that were not produced by PureTick at http://www.puretick.com/video.html
Please copy and paste any link that isn’t underlined to your location bar of your web browser. For some reason the bulletin board decided to link some but not the others. Please remember the trial price is going up tonight from $10 to $29. If you wish to join for 10 days ($1 a day) go to www.puretick.com/room.html and click TRIAL

Most Recently Added:

Top and bottom picking:
VIDEO LINK: http://puretick.com/video/bottomy

Finding prior support and resistance areas:
VIDEO LINK: http://puretick.com/video/supportme

Momentum bars:
VIDEO LINK: http://puretick.com/video/momomo/

Bull and Bear flags:
VIDEO LINK: http://puretick.com/video/flags/

More Information on the gap trade. When to take it and how to enter:
VIDEO LINK: http://puretick.com/video/cutgap/

“Premature Execution” focuses on rushing in to a trade
before knowing your risk/reward ratio. Alex uses a trigger short
example from the trading room as an example.
VIDEO LINK: http://www.puretick.com/video/premature/

As you know markets do not go straight down and up. They contain
waves or cycles. Tonight’s video focuses on the nature of a cycle,
how markets change direction… Click on to the video link below if
The nature of a cycle how markets change direction.

VIDEO LINK: http://www.puretick.com/video/cycle

Market internals, charts, and scanning order in which Alex looks at before putting on a trade.
VIDEO LINK: http://www.puretick.com/video/scanners

Psychology and learning to trade:

The Brutal Truth about Learning to Trade
VIDEO LINK: http://www.puretick.com/video/thetruth

How to use a trading coach to become a professional trader:
VIDEO LINK: http://www.puretick.com/video/coach

New Years Eve Video. Notes on becomming a professional trader for the new year:
VIDEO LINK: http://puretick.com/video/checkmate/

What makes 90% of traders fail?
http://www.puretick.com/video/traders

Morning trading notes from Alex:
VIDEO: http://www.puretick.com/video/best

Cleaning Up Your Attitude and Placing Trades
http://www.puretick.com/video/clean

How do crawl back from a string of losses:
VIDEO LINK: http://puretick.com/video/crawl/

Various trading issues:
VIDEO LINK: http://www.puretick.com/video/revenge

Alex’s morning pre-market preparation rules
VIDEO LINK: http://www.puretick.com/video/routine

Here is a video Alex has just created entitled “Bad Trades. What do you do after you take one?” Also included is commentary on spiky day trading.
VIDEO LINK: http://puretick.com/video/bad/

How to reenter a trade that just got
stopped out, without it becoming a revenge trade
VIDEO LINK: http://www.puretick.com/video/stopped

Pulling the trigger after a losing trade”
VIDEO LINK: http://puretick.com/video/wow

Talking yourself in and out of trades.
VIDEO: http://www.puretick.com/video/badtalk

Letting other traders influence your trading plan:
http://www.puretick.com/video/change

*Tonight

There is a lot of pessimism in trading and self doubt. Would like to just quickly share one of the positive email we got from the trading room. It’s hard to stick to a plan. Weather it be following that new low carb diet or taking your stops when your rules demand you do. Congratulations to everyone on alumni status and who has come out in that 10% of day trades who actually make it in this business.
>Hey Alex,
> Just wanted to let you know that since Andrea and I have been in the Pure Tick room we have made back close to $7,000. Thank >you for keeping us on the right side of the trades.
>
> Tom and Andrea D
>eztrader

Can you hear them now?

TradersAudio has be kind enough to provide PureTick with a free squawk audio feed directly from the floor of the S&P trading pit! Hear the fights, the screams and the intense buying and selling when we reach certain levels in the market! This is a tool that helps 90% of most traders improve their trading decision. In addition to hearing the actual traders, you get to hear a live commentary of whats going down on the floor. Enjoy
For a limited time FULL members of PureTick are being offered Traders Audio’s full pit audio service for a discounted rate. See more from our member menu on this.

Greetings, Ha ok I was just kidding a bit with that subject but it made you LOOK. It’s amazing that losing traders want to hear about other traders failures and not their successes. In our live trading alerts room we have the most people DROP OUT on the days we make the MOST MONEY. Jealousy is a feeling best left at home and for cheating spouses! Now on with the original topic . . .

Mantis is one of our users who’s been a member of the PureTick trading room for 5 months now. He just sent me a nice positive complimentary email along with a capture of his P&L statement for Monday 1/14/2008. He was up over $400 using between 1-3 contracts on Alex’s calls yesterday. He’s agreed to let me post it on the site to give struggling newbies inspiration. Here is a screen shot of his Trade Station executions and P&L for yesterday.

Also–Just an FYI here. The trading room password has been CHANGED. Please log in to http://www.puretick.com/member to find out the new session lock word.

## Profitable Live Trading calls room free TRIAL - http://www.puretick.com/room.html

*********************
Geoffrey Preston aka “CajunSniper” HTML Designer/Co-Admin/Trader
http://www.puretick.com - Profit From The Panic!
Have questions about investing? Come join in the discussion forum.

*Sunday Special Announcement*

The road to becoming a professional trader is not easy. We’re going
to reward you for sticking with it! Some our users who have been with us awhile and have now
graduated from PureTick and are trading on their own, have been asking for this!

Would you like to access the PureTick trading room for f-r-e-e each
month??? Simply send us a copy of two consecutive profitable monthly
statements and qualify as an Alumni of PureTick! That would entitle
you to get into our live trading room for free every single month.

Even if you only turn a tiny profit, or break
even your doing a great job and you will qualify to be an alumni and
get a complimentary membership.

If your a profitable trader and would like to share innovative
trading ideas with other traders in the room, or listen to the
live market commentary, the alumni program is a great idea for you.

For more on how the alumni program works simply visit http://www.puretick.com/faq.html#alumni

Have a great evening and see you online tomorrow!

Geoff aka CajunSniper / Co-Admin PureTick.com

Just wanted to send a ‘thank you’ out for everyone who showed up at the Las Vegas traders expo.  We had a great time and met some intelligent people.  Its official. Pure Tick has been making profitable trading calls for over a year.  Congrats to everyone who’ve stuck with the system and are benefiting from Alex’s teachings.
Geoff/Cajun

Robocop (a trader in our live room service) was kind enough to send me his trading statement from Wednesday. You can view it at http://puretick.com/blog/ or you can access it in full form at http://www.puretick.com/images/blog/robo.jpg

We are posting this as a moment of hope, for all the cynical newbies who are just frustrated. Trading successfully can be accomplished!

Greetings and salutations,

It’s almost time! Join Alex Wasilewski and Jea Yu at The 5th Annual Traders Expo -
Las Vegas! You and a guest will receive FREE admission when you
mention priority code #009623. To register, call 800/970-4355, or
visit
https://inet.intershow.com/regNew/info.asp?sid=LVOT07&newReg=t&scode
=009623 Alex will be the major guest speaker at Jea Yu’s
presentation. If you wish to sign up for Mr Yu’s highly profitable scalping
presentation you my do so at the number above or by visiting the
link below. Select the EVENT CALLED: “The Underground Trader
Methodology Revealed:”

https://inet.intershow.com/regNew/info.asp?sid=LVOT07&newReg=t&scode=

——————-
Geoff “CajunSniper”
http://www.puretick.com
877-GO-LONG1
“Making Money off the Panic of Others”

Here is a brief video we just did on this very subject.  Charts, audio and comments are include that guide you through the demonstartion. Give it a look. VIDEO LINK: http://puretick.com/video/trapped/

We were asked by a few users to record some of Alex’s official
calls in real time. Today CajunSniper recorded the official calls in the
morning. This will give traders a chance to go back and review the
action without the pressure of being in cash.

The markets are still volatile last week. Try not to get frazzled
by all the action. As usual, when in doubt stay out. Here are the links to the trading call videos we took Thursday (8/16/2007).
You will be able to see the trades unfold as they actually occurred.
For non-users, the ‘buzz’ sound you hear is the trading audio alert.

# First morning LONG official trade 1m trend line break scalp
VIDEO: http://www.puretick.com/video/0816071/

# Explanation of premise for first trade, other commentary and Max span trade
VIDEO: http://www.puretick.com/video/0816072/

# Second official all of the day. Long trigger with S2 Pivot Support/Bounce
VIDEO: http://www.puretick.com/video/0816073/

# Third official call today was a retracement short
VIDEO: http://www.puretick.com/video/0816074/

Trading Room Information Link: http://www.puretick.com/room.html

Get Ready Player One!

CajunSniper / Puretick.com Administrator-Trader

Today we took numerous great long plays off of the cluster support level around 13,402 on the Dow E-Mini YM contract. A cluster is just a level were multiple technicals are overlapping. They usually provide rock solid excellent support or resistance for high probability trades!

Also, trading can make you hungry. So why not try out a tasty Caramello. Don’t share it, especially with dames named Megan.

Here’s a snap Alex posted in the trading room session today. I told everyone I’d post it on the blog. So voilà:

If the image looks scrunched up then right click on it and hit VIEW or use IE to zoom out.

Merry Tuesday Evening,

Tonight’s quick video contains a brief lesson on when to hold and
when to get out of a trade.

WATCH VIDEO LINK: http://www.puretick.com/video/getout

Thanks for all the great feedback this Tuesday. See you all
Wednesday.

Geoff aka CajunSniper

*********************
Geoffrey Preston
HTML Designer/Coder
http://www.puretick.com - Learn to Day Trade While Generating Income
Have questions about investing? Come join in the discussion forum.

What in the world are some of you guys thinking!  Sit back and ask yourself. Why did you join PureTick?  Here are a few reasons I can think of:

Alex’s 82% success rate?
Live market commentary?
Consistent profits?
Education and advice?

So when clear solid advice is given in the trading room on a trade, why chose to ignore it.  Imagine a guy who comes in to a restaurant.  He orders, the food comes and then he refuses to eat it. Then he pays fully price and happily leaves.  What was the point in wasting that money?  This rant does not apply to all of our users. I observed a few traders in the room going maverick and totally ignoring Alex’s and my advice on Friday. It does feel good to do your own thing and to figure out the world and its nuances on your own.  But why re-invent the wheel when it’s already working.  Alex’s found a set of rules that work for him. It took him since 1970 and over $80,000 of lost capital. If you want to go through that journey then please continue disregarding sound advice and making decisions based on emotion. Please email me now and I will close your account.  We’re here to teach you what works and severely lesson your learning curve.

Geoffrey Preston  “Cajun Sniper”
HTML Designer/Coder/Trader
http://www.puretick.com - Learn to Day Trade While Generating Income
Have questions about investing? Come join in the discussion forum.

EDUCATION

Anyone can pick an entry. Our ultimate goal is teach you to stick to your rules while learning to become a professional trader. So you’ll be trading your own account, on your OWN without any alert system or service. Education and money management is key. Why is it that one trader can enter the same trade as another and make money, while the newbie loses. Experience! Experience! Experience! Give Alex any indicator or entry system you want and he’ll make money with it. We’d all love to skip over that little hurdle! We can definitely help you shave months off your learning experience and keep you from blowing out your account. Please don’t take any signals you do not understand. Feel free to ask questions in the trading room. We’re here to help, not frustrate you.

JEALOUSY

Don’t give in to it! It is very frustrating for you to look at all the newbies and other traders making money in the room. And your sitting there diligently making nothing. So how do you think these newbies who like you started out losers are now becoming winners? Did they stay in the room and learn? Most definitely, yes. Was it easy? No! So stick around and learn a little more, keep a journal of your progress. You’ll get there.

PureTick is having an OPEN HOUSE Monday July 2nd 2007. Anyone who wants to sit in on the live trading alerts chat room can do so for free. No credit card or personal information will be required. Curious about futures? Stop on by. If your interested please see the following link: http://www.puretick.com/open.html

Today HotComm released an updated to its conferencing software.  It required a download that took about 30 seconds to install. The audio and video should be a lot more clear and network connections more stable.  I see that about 20 of our room members decided that it was too cumbersome to install the update. This is where I yell at you and tell you how lazy you are. How are you going to make it in the cut throat world of trading if you can’t dodge little problems or obstacles that are thrown at you.  Exert a little effort.  Help me help you!  I should not complain. These will be the same people in the market we take money from.  Rant off.

CajunSniper

Spoke with a lot of users today that held on to their shorts stubbornly without a stop. These were the only trades I placed today and they *all* used stops. It was very tough. Is trading impossibile?? No but its definately not easy.

(right click on image and hit VIEW if it is small and skewed)

[I]CajunSniper / Puretick.com Administrator-Trader[/I]

Hello there,

Every day we get feedback from people who stop themselves out of winning trades.  Or perhaps those who trade with no stops at all.

As you may know we constantly tell people to trade small and on a sim and learn.

And most just happily ignore all that, they ignore the videos, they ignore discipline etc.

The only hope for some is to train them for a week and yell and scream when they do something stupid.