I have bought Al Brooks' Trading Course

Visaria said:
wow, are u trading a method that gives you numbers like these? i tend to agree with brooks who says closer to 1:1 at 60%.
More...

@Visaria the 7:1 ratio is an uncommon occurrence. I may catch a 7-10:1 trade once, or if I'm lucky, twice a week.

For the most part, my win rate fluctuates in the 80 percentile range and I tend to take 4:1 trades or higher. On choppy days, I am forced to take 3:1s, but anything below that I don't pay attention to.

In being as selective, I only get a handful of trades a day, but I make up the lack of it by trading good size.

Note that I get these opportunities only because I trade equities. If I traded a single instrument, futures or plain indexes, I don't think my performance would be as good.

Btw, I am a big supporter of Al Brooks. However, my method does not completely reflect his, but I do use some of his setups.
 
Alpha Trader said:
@JTrades just a little clarification. It's actually a 60% chance that the trade will tip in your favor as opposed to a profitable result.

Once in your favor, as they say, let your winners run. If not, than the losses are cut fast and dry.

In math terms,

60 x $1.00 (winners run) = $60

40 x $0.20 (cutting losses short) = $8

So even with the 60:40 ratio, the odds in your favor (on average) tend to be 7:1 making it a decently comfortable system.
More...

This is not related to the reality of trading, unless you can prove otherwise. Trying to intentionally cut losers short will result in over-micromanagement and exiting of potential winners prematurely with moderate but cumulatively great losses, including commissions, over time. Trying to let winners run will let solid (say 4-6 point ES trades) quickly revert back to your entry price if not stop-loss price as one realizes what appeared to be a new trend was just a higher-time-frame pullback and the long-term trend resumes at your expense.
 
Alpha Trader said:
@Visaria the 7:1 ratio is an uncommon occurrence. I may catch a 7-10:1 trade once, or if I'm lucky, twice a week.

For the most part, my win rate fluctuates in the 80 percentile range and I tend to take 4:1 trades or higher. On choppy days, I am forced to take 3:1s, but anything below that I don't pay attention to.

In being as selective, I only get a handful of trades a day, but I make up the lack of it by trading good size.

Note that I get these opportunities only because I trade equities. If I traded a single instrument, futures or plain indexes, I don't think my performance would be as good.

Btw, I am a big supporter of Al Brooks. However, my method does not completely reflect his, but I do use some of his setups.
More...

wow those are impressive results. at 80% win rate and a minimum of 3:1 you are right up there with the best traders in the world.
 
Alpha Trader said:
For the most part, my win rate fluctuates in the 80 percentile range and I tend to take 4:1 trades or higher. On choppy days, I am forced to take 3:1s, but anything below that I don't pay attention to.

In being as selective, I only get a handful of trades a day, but I make up the lack of it by trading good size.
More...

The numbers you quote are insane and to be frank, not believable. Handful of trades everyday that you win at least 3:1 on, win rate 80%. I don't believe it, whether u trade equities or anything else.
 
the best day traders in the world? LBR would probably rank there...win rate about 70%, 2:1. Alphatrader is even better! Turns his nose down at 2:1!

londonkid said:
wow those are impressive results. at 80% win rate and a minimum of 3:1 you are right up there with the best traders in the world.
More...
 
Q3D said:
...Trying to intentionally cut losers short will result in over-micromanagement and exiting of potential winners prematurely with moderate but cumulatively great losses, including commissions, over time. Trying to let winners run will let solid (say 4-6 point ES trades) quickly revert back to your entry price if not stop-loss price as one realizes what appeared to be a new trend was just a higher-time-frame pullback and the long-term trend resumes at your expense.
More...
Please share with us your alternative course of action.
 
Last edited:
  • Like
Reactions: k p
Visaria said:
http://www.technicalanalyst.co.uk/awards/winners-and-finalists/

TECHNICAL ANALYST OF THE YEAR
Finalists:

The winners from each Research & Strategy category

Winner:

David Sneddon
Global Head of Technical Analysis, Credit Suisse


evidence that institutions use TA... doubt if the Global Head of TA for Credit Suisse is advising a bunch of retail traders on here
More...

Ha, that could have been my future had i stayed on the straight and narrow TA path rather than chosing to trade write and swim most days on the beach ( in the shade)


I don't know for certain-- but usually the TA team in an institution like Credit Suisse is part of the Marketing Department. No joke!
 
You must log in or register to reply here.
Back
Top