I have bought Al Brooks' Trading Course
- Thread starter Visaria
- Start date
I must clarify, it appears that Brooks atleast took donations at one point, according to hearsay evidence from this thread: http://www.elitetrader.com/et/index.php?threads/why-was-al-brooks-thread-deleted.176090/page-3
It's a simple question which you failed to answer.
In one short paragraph I gave you part of what I perceive as context, i.e., using the OHLC of the prior day as a reference and predictor for the next trading day, with the closing price being the most important one. The open price of the current day is of course extremely important as well.
Without this, IMO, you're trading ignorantly without context while trying to read bar-by-bar. The micro is important, yes, but the macro comes first. IMO and IME.
Clear and succinct, without any babble. I could go into more detail, but I won't. : )
Spot on! The second set was worked on, but even those leave a lot to be desired. However, some of his work would still be difficult as he goes into dissecting the happenings and psychology of each bar.
It reflects an incoherent and errratic mind.
Maybe his humble background, his struggles as a trader (ask traders here to raise their hand to whether they have shed tears of frustration and you will see many hands) and finally his generosity may all be at work in tandem.
Or maybe he's a losing trader actually trying to make a buck one way or another?
The most kind traders I've seen on this site are the ones who discourage people from pursuing day trading.
I like to see the good in people as I truly believe that is the core we are built of.
Be naive elsewhere. Not in trading.
Most traders that I have known who tend to be "filthy rich" actually are very generous with their material and money. To them, the value of money is diminished over time and a lot of it is given away towards good causes.
Of course. I didn't talk about keeping your money to yourself. I've always shared my money even when poor. You hear a lot of rich people who donate money. For instance Soros.
How many millions did Al donate and to whom?
To end this debate on my part, I'm not saying Al's stuff is useless. I'm just pointing out that it's an incomplete methodology which lacks in many areas. It can of course be helpful as a small part of a system and elucidate chart reading for a neophyte.
fwiw it looks like he still does accept donations..... http://www.brookspriceaction.com/lwdonate.php
That's interesting.
WHY aren't you trading serious size? You figured it out all a long time ago and it's extremely rare for you to have a losing day?
You should be trading serious size by now.
I share this experience. I would guess that most widely followed gurus possess this quality.
I can remember feeling this way reading the work of some trading gurus as well as of a couple of people here in this forum. I agree it was almost hypnotic. Truly strange.
here's an example.... in the couple of minutes listen to him talk of traders becoming extremely profitable with his stuff, just put this trade on and take a walk, and especially his comment that "this is all real, it's very real" with emphasis the second time he says it. It is all very persuasive.
You can't deny it will have a powerful effect on some people...
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Could be, but do we really care as long as we can get a couple of things from him?
That maybe because they can't day trade themselves. Take for e.g. @Handle123, @NoDoji and @Redneck. They trade intraday. The forte with @Visaria lays in longer term trading. They all make money and for the most part, ppl will encourage you to trade their time frame out of bias.
True. No room for naivety in trading, but there's always room to be civil.
How many millions did Al donate and to whom?
Once again, why is he the focus and do we care?
That small part could make you a lot of money
@Laissez Faire I understand that there is a huge lack of transparency on Al's part. Let it be. All we want is to become better.
Great observation PigSky. He really does hit all the "buy" triggers --- it appears he has had training in hypnotic suggestion or is just a natural---
I bet this guy would have made a good trading "educator"-- notice any simularities?
LOL @ traders who all claim to have a rock solid "edge" & infallible "risk management", 90% win:loss, blabla...and their a/c size not even 7 figures - even after several years.
It's like claiming to be a top poker player...and still playing at the $2 limit tables - instead of the no limit tables.
Those who are that good wouldn’t choose to spend their time at $2 limit tables (opportunity cost) grinding it out (earning McD level wages).
INCONGRUENCY
It's like claiming to be a top poker player...and still playing at the $2 limit tables - instead of the no limit tables.
Those who are that good wouldn’t choose to spend their time at $2 limit tables (opportunity cost) grinding it out (earning McD level wages).
INCONGRUENCY
That's interesting.
WHY aren't you trading serious size? You figured it out all a long time ago and it's extremely rare for you to have a losing day?
You should be trading serious size by now.
Far from it. I'd say they would discourage people because they know what it takes and they know that most people won't make it. That's a fact. It's much more helpful and kind to tell people to spend their time more productively and in pursuit of something else where they can actually succeed.
As for Handle123, he's routinely told people to stay away from day trading and says he prefer long term trading by far.
I would never recommend anyone to get into day trading.
"They trade intraday. The forte with @Visaria lays in longer term trading. THEY ALL MAKE MONEY and for the most part, ppl will encourage you to trade their time frame out of bias."
How do you know this? Please tell me.
"Once again, why is he the focus and do we care?
@Laissez Faire I understand that there is a huge lack of transparency on Al's part. Let it be. All we want is to become better."
Eh, isn't this thread about Al Brooks' course?