How to become a successful trader?

DevBru said:
to avoid others trying to copy whatever it is you are doing, since that clearly isn't working.
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i am telling them to copy brooks

but let me be clear i lost money because i did NOT follow him....that is how i learnt his method has value.

by doing everything else and then coming back to him. Ironically that is how i understood him.

how i found out the true value of his technique. i am now trying to follow him to the letter...IT WILL TAKE TIME
 
DevBru said:
Don't be ridiculous dude ...

I can post loads of screenshots about you claiming to be profitable or claim to "know it all" when you clearly don't.

You have been exposed here multiple times, the last time was less that 2 weeks ago, yet you keep on doing it again and again.

Just yesterday you lost 68% of your account, other stats show you lost 91,92% in November 2020, 100% loss in December 2020 and 98,17% loss in January 2021 and that is before the 68% loss you had yesterday.

So when you claim to understand the market, what exactly do you think you understand? Clearly your definition of understanding is a very weird one, since i wouldn't consider blowing up time after time as understanding the markets.

As long as you keep pretending to be profitable or to "know it all", i will keep pointing out the lies, just so other members here who might not know your history are aware that you are far from profitable, to avoid others trying to copy whatever it is you are doing, since that clearly isn't working.
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Agree. This puzzles me immensely.
 
this is a taste of Brooks. sample it and decide.DO YOUR OWN DILIGENCE.

he does NOT give set up stop target......so it is not simple as some others...but it is very powerful.....you become self made trader if you do the hard work and it is hard

you have trend line break so white line is second entry short...second attempt down https://www.tradingview.com/x/qApTYzjf/


target is second test of the trend line https://www.tradingview.com/x/34xty58Z/


red line second attempt to break the swing low https://www.tradingview.com/x/WYEshSSS/


you have trend line break so white line is second entry short...second attempt down https://www.tradingview.com/x/qApTYzjf/



target is second test of the trend line https://www.tradingview.com/x/34xty58Z/


it is also a lower high test of the uptrend it is trying to break....if you get a 2 entry long it will test the high of the swing up to the left.........it will test the ema trigger a l2 and if that fails then the a target is the high on the chart....


white line first test of bear bar high........red trend line .L1 triggered. https://www.tradingview.com/x/VrxwnVn5/
 
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sef88 said:
Follow legit profitable traders here,

https://www.elitetrader.com/et/threads/fully-automated-futures-trading.289589/
https://www.elitetrader.com/et/threads/fully-automated-stocks-trading.346201/
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do they explain trades?

follow them and learn to think like them.....do not stop after two days or two months and follow someone else.
keep following them
trading takes time.
i made the same mistake

i plan to follow brooks eat sleep trade like him for years.....

i have seen enough in my 30 years and one is as good as the other but all of them together are all no good....

stick to one

trading is not a mechanical process.....you have to think your way to money and not be emotionally driven
best of luck and be a happy trader
 
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sef88 said:
Agree. This puzzles me immensely.
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i bought my first share in 1987 and read my first book in 1990.

the only place i make losses is in day trading and that is what i show here.

it is just one of my many activities......

i have investments from 1994.....in companies and real estate

so this is just to kill my time..... till time kills me.

maybe this will put things in perspective....

but my day trading monthly losses are less..... than any average weekly house hold expenses.... in the USA.
 
padutrader said:
i bought my first share in 1987 and read my first book in 1990.

the only place i make losses is in day trading and that is what i show here.

it is just one of my many activities......

i have investments from 1994.....in companies and real estate

so this is just to kill my time..... till time kills me.

maybe this will put things in perspective....

but my day trading monthly losses are less..... than any average weekly house hold expenses.... in the USA.
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Trading is not a game. You trade for additional positive cashflow.

If you do not have an edge or not profitable in the long run or forseeable future, you should divert your effort and time to activities that will general marginal positive returns.

But if you treat it as gambling. And the act of placing trades with no regard to wins and losses brings you incremental pleasure - feel free to do so.
 
padutrader said:
Brooks says he lost money for 10.
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And then started earning money after he became a vendor? :)

The main problem with Brooks and similar teachings is that it requires interpretation and quite often you'll find yourself with conflicting signals. If you find a solution to that, fine. But in the end the only thing which matters is results ($$$).

But we can leave Brooks out of this. The bottom line here is that after 13 years you're still not making money and at the same time gives advice to beginners on what to do. I think it's a general problem on ET because I can only assume that most here who hand out advice are not profitable traders so it's mostly the blind leading the blind.

If you'd rather say, "OP, after 13 years I have not yet made it, but Brooks philosophy seems to have some promise." I would have no objections. :)
 
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