Mark Slobodnick of PureTick is a FRAUD.

In the past week–the CFTC put the “pimp-hand” on Mark Slobodnick of PureTick.com.

Who in the hell is Mark Slobodnick? For those who have been around the Futures trading educational scene for a while…you know Mark Slobodnick. 

Mark got his start scamming ‘mom and pop’ investors back in 2007, while he was a so-called Futures trading educator at a company named PureTick.com. Mark the “head moderator” of the live trading room, would sit on his plump ass all day, and pretend to make winning trades.

The ‘sheeple’ in the live trading room trusted Mark. And they paid a heavy price. Usually, an upfront fee of several thousands of dollars and a monthly subscription fee to watch this turd blossom demonstrate his supposed trading greatness.

Former ‘BigShot’ super trader that never was.

The scam started off innocent enough. Honest folks would show up to the live trading room and Mark would tell all sorts of stories about his former glory. Some BS about how he was a big shot, former floor trader on the CBOT and how he made millions of dollars buying and selling SP500 Futures contracts.

The only thing true about his story was the part about being a former floor trader. Which he was. However, there is much debate whether this turd blossom ever earned a nickel at trading.

And besides, if he made millions of dollars as he claimed, then why was he peddling a live Futures Trading room for table scraps? It does not add up.

Anyway, scamming ‘mom and pop’ for a few bucks each month for his trading room grew stale and tiresome. At some point, he decide to just steal whatever these poor folks had in their savings accounts.

And so, with his partner in crime, a royal douche bag named Richard Carter, they spent $10 at Rocket Lawyer and created an LLC named Blue Guru Trading LLC. 

Guaranteed Investment Returns? Nope.

This so-called ‘prop trading’ company was supposed to deliver 8% annual, guaranteed interest payments, and 50% of whatever profits these bumbling fools could generate from trading Futures contracts.

Ultimately, and until December 2017, they raised a total of $1,763,848 for their ridiculous investment scheme. What did they do with the money? Glad you asked.

A total of $1.2 million was deposited into a trading account, of which they promptly lost $501,000 day trading the Dow and SP500 mini futures contracts. $62k was paid in broker commissions, and Mark fraudulently paid himself $45k for the pleasure.

All the while, both Slobodnick and Carter proclaimed to investors that ‘Another winning day folks! As anyone with eyeballs can see, we did it live and for everyone to witness.’

In real time, in the live trading room, the customer thought they were watching the work of trading maestros. They thought that it all looked so simple and amazing. Amazing profits, all they had to, was log into the live trading room and their retirement concerns were a thing of the past.

Little did they know, neither of these bumbling idiots had a clue how to profit. It appears that their only proficiency was losing massive amounts of investor funds.

At some point, and naturally so, these poor investors wanted to pull their money out. To pay for things like putting their kids through school, or building a new chicken coop in their back yard, or the unlimited fried shrimp at the Red Lobster. And this of course is when the shit hit the fan.

Investors simply could not get their money back. When they asked, they were met with some of the most amazing stories that even a Hollywood screenwriter could not imagine. Truly rediculous, absolutely pathetic, and 100% fraudulent.

On about January 2018, the CFTC had seen enough and immediately froze the assets of both of these idiots. The insanity had finally ended. And of course, the website they used to promote their scam mysteriously disappeared like a fart in the wind.

One can only imagine how those poor investors must have felt on that day. They faithfully awoke that morning, attempted to visit the PureTick website and were met with a blank screen. Oh, the horror.

Finally, on December 6 2018, the CFTC lowered the final boom:

  • $1.4 million restitution
  • $1.4 million disgorgement
  • $4.2 million civil monetary penalty.

Considering that these morons had to borrow money to trade, then you can imagine the chances of the victims recovering any of their lost funds. Sorry folks–the markets are cruel. But they are especially cruel to the naive, the greedy, the gullible, and the just plain stupid.

I don’t want to call the victims stupid; that would only bathe their losses with yet more pain. But this is just a ridiculous.

The moral of the story…

There is nothing wrong with subscribing to a live Futures trading room. Some vendors do sincerely try to help. And some of these trading rooms provide a bit of companionship and camaraderie from the lonely task of staring at a computer monitor.

But, as I have learned, from writing hundreds of trading reviews…this is the exception, and not the rule.

Whenever a trading vendor claims to have earned millions of dollars trading, there is nothing wrong with asking for some sort of verification. If they cannot, then they probably setting you up for a fantastic fraud. Hide your credit card. And Grandma’s jewelry.

And most importantly, don’t ever let anyone day trade Futures on your behalf, especially in some sort of rediculous scheme where they offer a monthly percentage guarantee and a percentage of the potential profits. Why? Because if they were truly a success at day trading Futures contracts…they would have no need for your money.

Thanks for reading. And for those that love all the bloody details…read the court docs.

Consent-Order_-Mark-R.-Slobodnik

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Jerry LancerDeanNickEmmett Mooredean handley Recent comment authors

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me
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me

Alex L. Wasilewske owned it before Mark . Alex threatened me at one time

me
Guest
me

Alex Wannabeski was http://www.marketdancer.com all a bunch of charlatans

dean handley
Guest

Alex W hired Slobodnick and Carter in 2014 to Puretick as Trade Advisors and labeled them as “Godzilla and King Kong”. At that time Alex had over 1600 negative posts about his room Puretick and Slobodnick and Carter has a slew of SEC actions and bans. After Alex dumped Puretick he morphed into Market Dancer and then Dow Daddy (a big avoid for that room as well). I did a video on Slobodnick (in MSLO) and Carter (https://www.youtube.com/watch?v=3KQmbkvKm_0). Alex W, Slobodnick and Carter are pure scam fake phonies. Good job posting this Emmett!

Emmett Moore
Admin
Active Member

A compliment from the esteemed, the exalted one, the originator of trading reviews? I never thought it would happen! The very genesis of this stupid blog was Dean Handley. The original troublemaker. I am but a cheap copycat. Getting a compliment from you is like getting the silver star, the presidential medal of freedom, and a french kiss from Melania Trump…all on the same day! I would have written nice things sooner, but I just couldn’t get over the hump on Scalping Emini/Trend Hunter. We just can’t see eye to eye on that one. And of course, we don’t see… Read more »

dean handley
Guest

Emmett – you will appreciate this- emailed Joe Duerr of Dow Daddy complaining that site was front for Alex, videos were done by Alex who writes likes a 5th grader (according to Flesch Kincaid Grade level), has 2 independent psychiatric diagnoses of psychosis, has over 1200 negative postings (the most of any trader); uses massive profanity, vulgarity, and obscenity at will, has been accused of every form of scam while in Puretick, hired corrupt traders like Rick Carter and Mark Slobodnick (both convicted by CFTC of multi-million dollar frauds). And presto, Alex emails back with his moronic dribble. Dow Daddy… Read more »

Emmett Moore
Admin
Active Member

You wrote, “Alex who writes likes a 5th grader (according to Flesch Kincaid Grade level)” Oh my god Dean, you had me laughing at that. Spit my coffee back into my cup. You still have your sharp wit. Do you think Alex is the guy behind Dow Dowdy? Or do you think he is just sort of helping Joe Duerr on this Dow Daddy venture? Honestly, I haven’t gotten much feedback on Dow Dowdy. The site is thin. They don’t really do much advertising. They don’t rank for shit on Google. No social media presence. And, about a year ago,… Read more »

Dean
Guest

I see a lot of failed dotcom futures sites pop up late on FB, Instagram, even YouTube streaming. They use those sites as a default free perch for their trading sales tactics. So it seems to be a corrupted as any other platform. Oh and ps – it is Dow Daddy – Dowdy. And pss – Alex did not retire, just reinvent himself in Dow Daddy, as in my video: https://www.youtube.com/watch?v=R6JkF5-iRzY
take care,

Jerry lancer
Guest
Jerry lancer

About mark Slobodnik not being a big shot trader on the floor back in the day, he was a big shot trader. He made 17 million dollars in a year trading the S&P u can look on CNNs millionaires under thirty and there he is. He retired in 2010 a total success then Rick Carter dragged him out of retirement in 2014 to start a company together. Mark made 70 million dollars trading stocks at the board of trade all legally. 99% of his trades were successful throughout his time at the board of trade. Before the computers came around… Read more »

Jerry lancer
Guest
Jerry lancer

Mark Slobodnik was probably the best S&P 500 trader to ever step foot in the board of trade. He would put a trade in and everyone in the pit would be putting in the same trade he did. He controlled the board of trade for years.

Jerry Lancer
Guest
Jerry Lancer

One time he walked into the board of trade early morning, made over 1 million dollars in about 20-25 minutes then called it a day and walked out. Whatever he did, everyone else did. Whatever trade he put in, everyone else would follow.

Nick
Guest
Nick

I have tens of emails from Alex threatening me with corrupt police action because I turned down his PureTick offer. I had to connect with a lady called Tiffany and get a lawyer – he mentioned coming to my house and found out where I lived.

Please tell me that douche bag got fined?

Jerry Lancer
Guest
Jerry Lancer

Also to talk about his weight is really funny because he was a D1 college baseball catcher who got drafted to the MLB. You guys just have no clue what you are talking about when it comes to this man Mark Slobodnik. You don’t even spell his last name right.

Jerry lancer
Guest
Jerry lancer

There is no debate weather or not this man made money trading the S&P 500 down at the board of trade. Like I said he is at CNNs millionaires under thirty. He started at a brokerage firm and made 330000 dollars in his first year. That was more money than the firm he was working at made. He then went down to the board of trade and bought himself a seat, which lead to him making tens of millions of dollars. It’s funny how innacurate this page is. Also you said he worked at PureTick in 2007 doing mom and… Read more »