Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Has anyone tried premiertradingsolutions.net and its software? I saw the Ninjatrader partner presentation and it all sounds very good but wanted to know if anyone has tried them?
The following is my experience with premiertradingsolutions and with what I'm about to say, I do feel quite fortunate not being involved with many paid services, so here we go.
I found premiertradingsolutions on one of the Ninjatrader partner presentations which Nick hosted. That presentation lasted about an hour, long enough for Nick to sell his crap service, but I gotta hand it to him, he's a good sales guy! A lot of cheap words were thrown around, "YOU GUYS WILL BE RICH", THIS IS PROPRIETARY INFORMATION NOBODY ELSE HAS ACCESS TO", YOU GUYS WILL HAVE YOUR OWN LITTLE HEDGE FUND, ON DAYS LIKE THESE YOU WILL EASILY MAKE 80 TO 100 TICKS, yadda, yadda, yadda.
Premiertradingsolutions is run by Nick T'Souvas. Then there are two more guys involved, Jim Carter who's not really a trader but more of a programmer and Gary Merlo. Gary has a background in martial arts and from what I have personally seen, is not a trader at all.
Nick normally calls the shots in the trade room but Gary occasionally will call some trades as well.
Before you can even join their live chat room, you need to take part in their boot camp which last about 30 days and costs $1295. After that you gotta fork out $295 a month to use their super software. Nick alone runs that boot camp and he teaches a lot about the markets, including:
Who runs the afterhours session?
What does CFTC stand for?
Who controls the NQ/ES?
And so on...
Is this going to make anyone a better trader knowing these things? I'll let you guys be the judge. Now, I'm not gonna lie, he does also teach a few setups, but more on that later.
These guys claim to know the direction which the market is going to go, and they know that in advanced. Such a bull crap. Whenever the market behaved differently than his software, Nick always had some stupid excuse, just like a broken record player.
Think of it, if you had a software that would tell you in advance that at market open we go up and at 10 EST we will drop hard until 12 noon and then we'll go back up, my friend, if anyone had such a software, you would become billionaires in a few short years!
They claim that the markets are predetermined and with their software, you have the key to knowing what direction to trade based on their software.
With that being said, personally I agree with them and I also do believe that Goldman Sachs knows in advanced whether they will lift the ES higher, or drop it down further, but... I strongly believe that no software out there can tell you that in advance. You do need to have a friend over at GS.
So these morons (sorry Nick) wait and wait and wait for these turn times to kick in and on many days, they don't even take a trade. Why, because the turn times said according to the software we should go up at this and this time, but the market never did.
So then what does Gary do? He comes in the room and takes on counter trend trades. How stupid is that? You wanna short a market that is super strong?? Well done Gary! Oh well, to each his own.
In a nutshell, they do not practise what they preach. They make their money of their monthly subscriptions.
Oh, and before I forget, once they do enter a trade, they use a customized chart trader, and by me having the same software from them, I was very fast to realize that they don't even trade real money, it's all on SIM. Why don't you trade real money Nick and Gary? You guys are such pro's aren't you?
Unfortunately, I also got a friend of mine join, but shockingly, a lot of the guys were making fun of him in the live room. Why did they make fun? Because he simply asked more than the average member (ABSOLUTELY NOTHING WRONG WITH THAT!!!) Nice way to let your members make fun of someone, well done Nick!
I could say much more about these guys, but I prefer not to because I am mad about them. And I am more mad about myself paying these guys, and when I get really mad, some of my words could easily insult someone, so I'll just shut up and tell everyone to RUN FAR AWAY FROM THESE GUYS!!! STAY AWAY!!!
I have been watching this group for some time. I, like you believe that markets behave with some minor regularity. There seems to be natural times of the day where we will get a change in direction. This is a great topic. Sorry for your bad experience with Nick. Maybe there is another path to your goal.
Hello Ralph,
No worries, I wasn't doing too bad before I even joined, just thought to myself "hey, if I can learn something new, something great from these guys, that would be nice!"
Oh well, such is life, sometimes you lose (by investing in bad companies) and sometimes you gain.
Save yourself time and money, just look at market. Everyday. You will start spotting trends. And you will start getting a feel for it. Also look at posts here when people post in their journals why they took trades. That will give you idea as to what people are using.
You don't need to spend money to learn from some "guru". It is all BS. They are in business of "teaching" you, not in trading business, otherwise they would not be offering trading room.
There are no easy shortcuts in this business. You gotta put time in, and learn.
In the Ninja Trader sponsored webinar with Premier Trading Solutions, Nick T'Souvas presenting. The teaser was about "Learn Market Profile." 30 minutes into the webinar and... and... Nick finally said "Order Flow Ladder." BUT! It is his custom indicator... I have traded the FOREX for 14 Years. Ever hear of FOREX Made Easy? Presentations like this were more outrageous before Dodd Frank. Listening to some guy touting the execution speeds of his broker that was located...Where? Crete! Ever hear of a "Bucket Shop?" or the $69.99 EA that makes money while you sleep! Sound too good to be true? Hope so.
I wanted to say thank you for this post. I watched a NinjaTrader Webinar today and Nick from Premier trading solutions is back.
I did put a link to the post above from emazing because it is just as relevant today as it was then.
I trade Forex and I heard such wonderful things from Nick and started looking around, so I am glad this review was above. Nice to have a Community to help others from falling into the same old traps.