Al Brooks Net Worth

[tony.m]

Where's the customers yachts?

Here you go

 

[themickey]

Ffs. Just past chapter 1 (and a few random chapters partially).
I'll wave to you once I pass $100 million.

Tell ya wot, something for free.
All the Al Brooks shit is old school TA, regurgitated shit which he borrowed and repackaged into hershey shit speak, the more gibberish the more mystique it is and marvelous.
Mate, all the conventional TA rules have been thrashed to death by a gazillion traders.
THERE IS NO EDGE THERE NO LONGER!
Jesus said "follow me" and the obedient sheeple followed.

 

[Laissez Faire]

Here’s a conditional probability question for the forum:

how come all the Al Brooks followers on elitetrader are poor while Al brooks is so rich?

Maybe your buddy speedo will give you an invite to one of his super-secret communities where the Al Brooks followers are killing it. See below.

LOL.

I could direct you to several online communities of good full time traders who have been influenced by Al, but why would I do that to them. This little farcical bubble of ET is hardly representative of a successful trading community....over and out

 

[newwurldmn]

Maybe your buddy speedo will give you an invite to one of his super-secret communities where the Al Brooks followers are killing it. See below.

LOL.

I saw that post. That’s why I added “on elitetrader” in my post.
He hangs around with us degenerates rather than making the big bucks in that other forum.

 

[SunTrader]

Al Brooks does not provide direct setups.

Al Brooks already warned you in the book title. The book is for serious traders. I would say that it is for serious traders who are also serious readers.
...

Something he is not.

 

[sridhga]

Tell ya wot, something for free.
All the Al Brooks shit is old school TA, regurgitated shit which he borrowed and repackaged into hershey shit speak, the more gibberish the more mystique it is and marvelous.
Mate, all the conventional TA rules have been thrashed to death by a gazillion traders.
THERE IS NO EDGE THERE NO LONGER!
Jesus said "follow me" and the obedient sheeple followed.

Makes no sense. You sound like you invented new school TA. All trading is limited in choices for a given instrument. Whatever you trade it should be either a mean reversion approach or trend capture approach. And most trading strategies overlap because of this reason. Traditional TA is enough to learn for understanding. Trading is not really complex if you know what you do. The rest is psychology. In the last but one sentence, you used double negative. I hope you understand what you wrote.

 

[sridhga]

Something he is not.

You are stating something which you don't really know.

 

[SunTrader]

You are stating something which you don't really know.

No. That is what you are doing or anyone else claiming he is a serious trader (who umm actually trades live in front of them) without proof.

 

[Laissez Faire]

So that's one of the first issues about Brooks writing. He's frequently describing what's going on as a fight between "the bulls" and "the bears", or similar.

Did he say that? I wasn't actually quoting him.

S&P 500 is an index consisting of 500 stocks. The e-mini S&P 500 futures is a derivative of that index with 500 different components. Being one of the most liquid futures contracts in the world there's a ton of various players interacting at any given time for a wide variety of reasons (hedging, arbitrage, speculation outright, spreading, forced liquidation, etc.) across multiple timeframes/holding horizons where I'm sure a huge majority doesn't give a shit about so called price action.

The main issues I have with the Al Brooks methodology is that it's hugely discretionary with too much focus on smaller and noisy timeframes/random patterns with little to no reference to the big picture.

...but he does nothing involving statistics, just very weak general statements (and hindsight analysis).

His 'statistics' are generated from 'experience' and 'memory'. LOL.

Beating a dead horse here, but the idea that one could generate alpha beating the top hedgefunds in incredibly competitive mainstream markets, using uncontextualized price, without being first to trade (HFT), is patently ridiculous but seductively persuasive.

What's contextualized price?

What I know for certain is that there's certain statistical patterns which tend to repeat on a daily basis which can be exploited.

If being the first to trade is important, I'll say one is doing it wrong as a retail trader anyhow.

 

[sridhga]

No. That is what you are doing or anyone else claiming he is a serious trader (who umm actually trades live in front of them) without proof.

Okay, show us the proof that he did not trade. My premise is that his books provide knowledge. That knowledge is enough for me to make a living via my own trading. I never really bother about his trading or his tax returns. You are more concerned about his trading. So, the onus is on you to prove that he did not trade.