Maybe,.. idk, looking more to simplify than do more work.
My occasional shitposting has no obligations, whereas keeping yet another journal current would.
Al Brooks Net Worth
- Thread starter Darc
- Start date
Maybe,.. idk, looking more to simplify than do more work.
My occasional shitposting has no obligations, whereas keeping yet another journal current would.
Except Ram posted his trades in advance, whereas yours come after the fact. Even worse, we don't really know where you entered your trades, other than simply take your words at fact value.
I'm not trying to dis you in any way, but when you're bashing Al Brooks for not showing his live trades, isn't it a little hypocritical that you only post your results (which you typed up) without anything to back up?
Rams first Brook trade was after the fact, and included that long wick down. I'm not disputing it. I don't know what he's been doing after that. He should continue so I can continue to compare my intelligence to Brooks intelligence.
Larry Williams had one year where his trading was verified. You'd think that Brooks would have one month, or one week. Seems like that would be enough to quash rumors. Maybe he doesn't want the IRS to have any clue what his income might be?
I'ld be happy if Brooks provided as much as I have. I haven't included the candlesticks because then you'ld be able to figure out the basis of my turning points. It would not take you twenty years, or even two years or even two hours. I would literally be providing the proof...which I'm not obligated to share with a hostile audience.
Metrics change for every industry. For example let me take retail industry in India which is in growth phase. Identify the top two performing companies. Invest small in the first step. Use a metric like same store sales growth (for example) and if the metric is improving by a specific percentage add more lots. Generally companies give insight into these metrics in their quarterly analyst calls and we can download those reports from the company websites. Continue adding until the metric is performing. When the metric fails exit all additions and retain just the original small investment. Hold this until the new cycle starts.
You will find that in almost every industry there is a leading metric that is driving share prices especially among growth stocks.
This approach also helps in weeding out non-performers because you hold minimum lots in them until they start catching up.
This approach is based on increasing bets on a roulette during winning streak and lying low during losing streaks. This is one example of how we can use probability to our advantage in swing trading growth stocks.
I know that you trade gold miners. You can look into metrics specific to that industry and formulate a strategy around it.
Last edited:
The way for me to prove something would be to make advanced calls, timestamped here. I would only be interested if someone else made advanced Brooks calls so we could continue to compare my intelligence to Brooks intelligence.
I would give calls daily during closing hours for the following days action. I would give three calls for three different time frames. I would be always in, long or short, in every time frame. I won't say what time frames I am using. One of the time frames will yield about as many trades per month as the Brooks counterpart, the better to compare apples to apples.
But I am busy. Not sure I want to do this.
Gottit I think, so you would use fundamentals to gauge probabilities and you swing trade in and out using technicals, leaving the small initial holding on exit of the swing?
I follow gold but not too interested in that sector for trading.
The ASX has a couple hundred gold stocks, more gold than any other asx sector, many penny's, but my wife trades them so I generally keep an ear on the industry.
I find gold too volatile for my liking, tend to have a strong belief gold price is heavily manipulated.
I thought gold commodity does not move until there is some global crisis. Same with Yen. But of course volatility should be discussed based on the time frame. Volatility in lower time frame is noise on the higher time frame.
I think Volpri also talks about this, and I never understand why the need to differentiate between initial and actual risk. When you first enter the trade, you obviously have some idea of where you will get out if completely wrong. The fact that it maybe never gets there, or hardly even goes against you, doesn't mean the risk wasn't there. I can understand why you would move the initial stop higher once the market is trending in your direction, since a break of this point means the trade is no longer working, but why even use it?
For example, assume you enter here at the green line, with an initial risk at the thick red line. Then after it makes a higher high, you move your stop up to where your risk actually was.
But what's the point of even looking at actual risk after the fact? If I jump out of a moving car, my initial risk is death. The fact that I only broke a few bones, and hence the actual risk was only broken bones, doesn't mean that the initial risk won't always be the more important factor.
Yes, I can see that. Your initial entry at around 4215 on November 1 meant that nothing needed to be done as it was going straight up. But I think this is more of an exception rather than the rule. Unless a trader can catch the absolute low or high of a multi-week move, it means there will probably be some false starts or shake outs.
I do already pay close attention to previous day highs and lows, in addition to the overnight levels, so I'm absolutely on the right track there. But since I generally only have time to catch the open for the first hour or 2, it means that some days those levels aren't hit in my time frame, nor could I be around to manage the trade (although this would almost make my trading even better.. LOL), so I have to expand to looking at other opportunities, like also VWAP, or simply getting into a trend already under way. And I guess I can see how this greatly increases the difficulty of trading if you're looking for trades that don't start at the most ideal areas.
And where would you be placing the limit orders? Take for example the trade you took at the lows, around 4215, which hit at 8:35. But suppose you were 2 hours late and came around the area marked by the red line.
If you decide to do it, it'll be super easy. The journal will have first post with your account NAV. Post daily, weekly or monthly updates of that NAV statement with simple % growth chart. We'll just compare returns % after 1 year. Just so that I don't compare myself to a one hit wonder $10k min account should be fair?
This is open to anyone here. My strategy is a very noob strategy. I literally pulled it out of my ass and had random 3rd world country freelancers developed parts of it and I had to put it together into an algo. I represent the absolute baseline here. If you can't beat this reverse r:r high win rate strategy, then that proves my point.