Surf, you are a journalist, no? Read his books, do his video slides (it won't cost you anything, since as a journalist and market expert you can quickly go through all the material, then seek a refund), and then seek an interview with him. Then post a youtube of that interview for us here. Thanks in advance.
I have bought Al Brooks' Trading Course
- Thread starter Visaria
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Only for those of us willing to be educated by it. I little help along the way doesn't hurt, though.
I'm curious: Did anyone in this debate ever read his original articles published in Futures mag? It was those articles that got me interested in Al. I'm not sure if my Futures articles are the earliest, but I have some saved from 2011. After reading those, I bought his first book, which is CW 2009. I needed no sales pitch. I was simply seeing things in his articles that I could relate to, but there was more there than I had considered in much of what he talked about.
This debate is useless. I merely offered my take on the matter. I will be curious to hear what Visaria says after completing the course (and possibly further studies in this department).
PS: Still curious why NoDoji and Redneck isn't trading substantial size by now.
PS: Still curious why NoDoji and Redneck isn't trading substantial size by now.
PS: Still curious why NoDoji and Redneck isn't trading substantial size by now.
No need
Now ask it again - and let's see if my answer changes
RN
My first answer; no clue to what he does / does not do..., or what substantial size is for brooks
More specifically to your point;
I does not matter..., because;
Do you trade exactly like brooks
Do you have the same amount in your account as brooks
And most importantly...,
Do you handle / manage risk - exactly like brooks
I am certain your answer to at least one - likely all of my questions is - No
Other than brooks..., none of us is brooks..., none of us will trade like brooks..., none of us will manage risk like brooks
What he..., or any other trader does - it terms of position size..., AND -> the commensurate risk assumed / ability to handle / ability to manage.., said risk - is of absolutely no concern - to how we each trade
RN
Why does it matter? He constantly discusses different ways traders could take various types of setups using various types of entries, using risk they can tolerate, which, as you know, size is a huge factor.
I simply don't understand the assault on the dude (as I said, I've only read his magazine articles, books, and watched his slide videos). I intently studied the 3 books, and I'm still viewing the vids again.
I see a lot of this in the books:
Some traders will do this, others do that, some enter here, others enter there, use limits here, market orders there. Some will use this much size, others might use more or less contracts. He does say if you trade large enough, you might be as a small institution (if you trade large enough to cause a significant move). He is doing nothing more than showing many different ways any trader can interpret a pattern or a single bar in the market. On occasion, he will say that this is how he would do it. That's fine. He never states he took a certain trade as far as my memory serves.
Maybe he's changed what he's saying beyond what I've read, seen, or heard (I mean, look at what happened to Miley Cyrus when the big dogs got her under their wing), so maybe he's changed. I'm still giving him the benefit of the doubt. The stuff he presents IS time consuming to produce, and time is money.
Go back to a day of your own trading, break it down and analyze how you think other traders and institutions might interpret every aspect of it, and see how long that takes you, especially if it's a 5 minute chart. Now do it on hundreds or thousands of charts...bar by bar.
I honestly don't understand this with Brooks.
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