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Then put Al Brooks on ignore. Don't be such a hater.Why must 80% of your posts be knocking someone....some strategy? Methinks someone is jealous because the Al Brooks Bar and Grill here is loaded with happy clientele and The Surf Report has basically become a ghost town....all you hear is...

I always wondered if that was a dude trading real money or just some nutjob on a simulator making a video. Looks like an IB account, not sure if IB offers sim. But whatever it is, the guy is clearly out of his mind. At least he's taking responsibility for it calling himself basically an idiot...

As far as day trading....If you are risking 12 points what is your profit goal? 24 points ? Risking 12 points on an ES trade seems like a lot to me. During that 1-2 week period where there were 60 points+ daily ranges then maybe risk that knowing you could capture 24 points on your winners. But...

It's simple, you can't scale out trading with 1 lot. If your strategy haves you scaling out then you have to at least trade the same number of contracts as the number of profit exists. IE: 3 profit targets= must trade in multiples of 3, starting at 3. The only way to kind of do what you want...

I hear ya man. I jumped to conclusions. As far as the big hedge funds. They actually do tell everyone what they did. Albeit after the fact, but they do announce their holdings. It seems to me the huge ones make gigantic directional bets , especially in equities. Like I said, I never traded...

I was being sarcastic with the 95%. I just don't get you saying that nobody makes money directional trading. That's how a lot of these huge hedge funds make money. Making directional bets. I never traded spreads, but do know a few who do. The little I hear is that their game is getting harder...

If he is still bullish then I guess his indicators are saying stay in. If he is waiting for some indication that's fine. All I am saying is he'd better be quick to hit the bid when it does turn. A lot easier said then done. Probably a good idea is to use a trailing stop. When trailing stops are...

The spreaders in Chicago I talk to have been telling me for years that spreading is becoming a way too crowded field. I also didn't realize that 95% of the traders in Chicago worked at the ones you mentioned. You do realize that they aren't the only ones making money right ?

You should buy when the "last indication is for higher prices", and you should sell when the "last indication is for lower prices".. Come on man ! Unless you have a magic eight ball, you will have a lot of trouble doing this on the fly. I am not saying that you HAVE to trade with an exact...

Ok....and your point is ?

According to the people who whined when losing money who traded them off the floor they were impossible at times. You couldn't put stops in because locals would push the market to the stops to run em. Then you would get horrible slippage on the stop because the locals were screwing you. If you...

I couldn't agree more. People blame HFT when they are losing money, but keep quiet when things are good. What about when you are short bond futures and the HFT's push the market down right into your bid where you are looking to cover ? They can work for or against you.....just like every other...

I think another important thing that newer traders don't address is how to stay in the game once you have made it. Trading is a roller coaster financially. ALL traders go through draw downs, nobody is immune from that. So when you do go on a good run, bank a part of it for the down times. Give...

I have seen plenty of guys blow up, fail, get removed from the trading business. In most every case it had zero to do with TA or no TA. I know guys who were pure price action traders who got demolished, and guys who were fundamental types who blew out. They failed because your list of 9...

I'm sure whatever brokerage his account gets funded in will allow for for this type of margin use. When filling out the form to open account they just need to check the " No position limits. The market always comes back to me" box.

There are a ton of red flags here. Why is this guy not just trading his own money? Why does he need others to trade for him? Demo accounts are in my opinion useless. Sorry, but their is a WORLD of difference trading real money vs trading on the sim. From a psychological point you can't even...

Yes it is a bit different. But things change. Traders need to adapt or move on. 4 years is a long time. I'm sorry the day trading isn't working out for you man. Find out why it's not working and make adjustments. That or try longer term trading. But just because it doesn't work for you...

I replied back to your question about Crude futures in 2000. Never heard back from you. You come across as a failed day trader. If so just move on try something else. If not maybe try it before acting like such an expert on the topic.

You dooms day guys on day trading are a riot. First I heard post 2009 when the volatility dropped that day trading was doomed. Get out of day trading....it's over. Now volatility is going through the roof and you guys say day trading is soon over......again. Newsflash my friend. Volatility is...

I made the same exact point before about what he does. I agree with everything you say here....but....my problem is he derails a lot of good threads. But I can't argue with anything you say here.