Al Brooks Net Worth

This week so far is an Up Week and it's a Friday with options expiration. Up weeks tend to print the High of the week on Thursday or Friday. Not always of course, just most often.

The next open gap above is at 4555, so targeting that if we find a bid on the Open. Approximately 0.7 % from yesterday's Close and well within reach for a normal trading session.

A larger sell today would be a surprise, but you never know for sure of course, so have to be ready to switch gears if the initial hypothesis was wrong. :)
 
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Laissez Faire said:
One could also argue that a method producing 11 losses in a row is far worse than random, so what's the use anyway?

Just using your example.
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11 successive losses is max drawdown, an outlier. The upside more than makes up for it, if the system is adaptable to deliver more than a modest 1:3 due to trailing stops.
 
If Al Brooks advocates swinging With Trend and then scalping Countertrend, that's pretty advanced. If he does you can see why he'd be worth $753 million... apparently.
 
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Moving stop/reversal up to 4562. Now 22 points locked in.

I'll be moving these calls to a journal because of the frequency of these updates. I expect to make 13.5 trades per month, but if you include all the stop/reversal moves on the winning trades that might be 30 posts in a month. That might be a little too much for this thread if this is a little off topic. Instead I'll just post here when there is a new high or something.

After some research, it looks like in order to prove my point, I'll have to post a min of 35 trades. Then, I'll also have to be greater than an average gain% per trade of 0.256%

So this could take three months.

This chart and these stats give a good idea what can be expected from this method:
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During this time the S&P Mini would be break even for these past two years:

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The blue marks represent all the theoretical long trades during this time. In between would be all the short trades (this is swing trading, always in, long or short).
 
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My calls have been moved to the thread linked below (click red up arrow):

Good1 said:
I'm continuing here a series of calls I began making in the Brooks Net Worth thread, the latest of those calls being linked above.
Here is the next call :

View attachment 328358

In the Brooks Net Worth thread I expressed some annoyance with Al Brooks' promotions which appear as so many interviews on YouTube. Certain people stood up for Brooks, that, whatever you may say about his promotions, his content for sale, in the form of books and videos was valuable.

I just remember being so annoyed that I finally sat down and came up with my own trading system which resembles Brooks only in that I also use only price action, as revealed by colored Japanese candlesticks.

Someone in the Brooks Net Worth thread began making calls so I did too. The purpose is to prove that given the same number of trades, I could probably compete with Brooks, using a much simpler system.

I picked a time frame that would not demand too much attention from me. Stats show I will be going long or short about 13 times per month, but because I also need to update stops, I will probably be posting daily.

Stats (see the link above) suggest I will need to call at least 35 trades, and manage their stops, to make my point, after which I will likely stop. According to a chart of how this methods performs on ESZ over the past two years, 35 is the longest period this system is expected to linger before it makes a new high. So I will go 35, but will also keep going until average gain per trade is 0.256%, which is what stats suggest is available.

This method is swinging from long to short to long, always in the market. It is the product of an attempt I had made to prove that it must be possible to always be in the market, and to always turn a profit.

Upon that theory I began to search for potent points of reversal and settled upon just one reversal concept which is used for going long or short. So I'm not out on the prowl, sitting in cash, waiting for one of a variety of "set up"(s).

This is a second, temporary, journal for me. The content of my primary journal depends on finishing the code for this system, to show how it performs live as an algorithm. Still not finished enough with the code for that. Still I have proved this enough to myself with a ton of manually collected data that I used Excel to help me with.

These are calls, not trades. These are being timestamped for whatever veracity they can have.
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