Al Brooks Net Worth

destriero said:
Not at all. Just you.
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Does not matter. I lived and saved money while I worked on the East Coast of the USA. I declined my employer's offer for Green Card sponsorship. My savings flowed into Indian stocks which eventually helped me for early retirement. If you think this is something to be sarcastic about, I chose my way and am happy about it. I certainly did not like somethings there, say, drug culture, woke attitudes, health insurance and lifestyle on credit besides several other things in that country. Hey, that is my choice and I am happy about it. Still I like the USA as a country that gave me a career start, and, I have many friends on the East Coast. It is simply not my place of choice to live. I know what I traded the lifestyle for. Financial freedom for life is priceless.
 
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sridhga said:
You can dig the internet to read about me if you could find that in your investigations. I don't need your approval. I trade for a living and that is enough for me. I don't consider trading as some kind of super human activity like some assume it on this site. Actually it is boring with several hours of no moves with frenzy of activity interspersed there in. I don't really need to search for Al Brooks or his education or his wife. I am looking to improve my trading results not from any books. I am working my own parameters and metrics. Whatever I had to learn from others I already learnt from the books. I trade 3 different instruments of which 2 are not scalable but provide regular monthly income. These don't need improvement. The other one is a wealth builder and it gave 30% per month for the last 18 months and I am multiplying that fund in a cumulative manner. This needs improvement because of intermittent frenzy that it causes. I do my research which is basically data collection and I am trying to understand the relationships between different data sets. I speak to old friends who are also traders on this research. I also swing trade select shares based on seasonality and this gives me 50% per year on my capital. Some shares I have been holding for more than 15 years which multiplied several times over. These shares give me dividend income. I took early retirement from my accounting practice. I come to this site for fun and entertainment. People like you keep this forum interesting with your conspiracy theories. What legit edge you are talking about? Trading is a very boring activity except for the research part. Execution is just boring.
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Damn, I'm struggling to make 5% a month...

30%/month for 18 months, i'd have 3mil in the pocket.

What do you trade?
 
hilmy83 said:
Damn, I'm struggling to make 5% a month...

30%/month for 18 months, i'd have 3mil in the pocket.

What do you trade?
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I follow your journal on automated trading. I trade manually. Please leave 'damn noobs' alone in our world of bare feet, dirt floors and train wreck scenes.
 
sridhga said:
I follow your journal on automated trading. I trade manually. Please leave 'damn noobs' alone in our world of bare feet, dirt floors and train wreck scenes.
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Wow, you're lashing out at the wrong person dude. I don't think I made fun of where you came from.

Whatever, peace.
 
sridhga said:
Trading is an endeavor whose outcome is based on probability. That makes it risky to teach it, since, most people do not really understand probability in its true sense. If he managed to exit the trade at BE then he is too good, as it seems he covered two potential loss trades at BE. Place yourself in his shoes in that scenario, and you will understand what I mean.

Let us try to understand how this problem could be handled. There are setups where he says the probability is 60%. He has to show someone maybe a hundred transactions that have the same setup to demonstrate that the setup is profitable over the hundred trades. How easy is that to show in a live demonstration? How many days that would take to demonstrate it on a live scenario on 5 minute time frame that he uses?

I am not blindly supporting him. I am trying to understand what happened or what could happen.

The other way to handle the problem is to train the students well on probability games and move them to trading once they are ready. How easy is that when most people don't want to pay USD 70 for a book or say USD 399 for sessions? I think it is difficult to be a trading trainer in the current scenario.
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Most noobs are seduced by high WR instead of focusing on high R:R.
 
hilmy83 said:
Wow, you're lashing out at the wrong person dude. I don't think I made fun of where you came from.

Whatever, peace.
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I'm not (overtly) racist/classist. I had to respond to his 30% comment. This place is an asylum. Nobody with any level of financial sophistication over the age of 13 would utter something so ignorant.
 
Sprout said:
Most noobs are seduced by high WR instead of focusing on high R:R.
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Most people on this forum think he is a scalper. He is not really a scalper. He is a very smart guy. He takes setups with low win rate but he exits part of the trade at scalp profit and lets the balance run. He captures a high percentage of the trend run. In my own approach, I capture lesser percentage of the total trend run. Basically he is a breakout trader hoping for a big trend. If it reverses after hitting a nearby target he exits the balance on BE. I am not that good at trading. Unfortunately for the poster on this thread who attended his live trades, he(the poster) did not get to see the trend run because of the low win rate. The probability concept of the 'law of large numbers' makes Al Brooks live teaching very difficult.

In the first place many traders never study probability. That is a big handicap.
 
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