I have bought Al Brooks' Trading Course
- Thread starter Visaria
- Start date
LOL... whatever dude. You forget that on the one hand he posted evidence to show he took actual trades, which is fine, and then he posts some trade with 20 contracts that went instantly to profit. It wasn't even in an area where a trade should have been taken based on the levels he says he looks at. So I asked bout this, no reply. Then when I dug into the trade further and showed that 20 contracts wasn't even available at the price he said he got them at, he came back to say that it was a SIM trade to show a member an illustration. So now let me ask you this, if he is used to showing actual real trades that he takes, why now go in and show a sim trade? Why not mention initially that's its a sim trade?
You're free to think what you want of me and claim to understand my inner workings and all that shit, but I'm actually thinking critically at least. I never even said anything about Al Brooks, and I will be the first to defend NoDoji and other PA traders.
You know, you've really got some nerve to say all those things about me when you have no idea who I am and how much work I've done.
I would tell you to piss off, but first I'd like to ask who the other legendary trader is that I made run away. Is it DbPhoenix? If you still want his help, go find him, he is at Trade to Win. And for the record, I do think he knows how to trade, but his SLA methods are highly insufficient and not one single trader is making money from this guide. The good stuff he talks about is his old stuff, before he tried to simplify it all with SLA. In fact, he even said SLA doesn't work on a 1 min chart, and at home I have a screen capture of where he said this exact same thing over at Trader's Laboratory before he changed it. Once again, I do think he knows how to trade very well, but what he does and how he trades isn't the simple approach he shows via SLA. I know he has good intentions, but this simply cannot be simplified sufficiently enough that it can be traded without shit loads of experience.
You've already got an entire encyclopedia now... how is that working out for you? Its certainly much bigger than the PDF now isn't it.
I think you should familiarize yourself first with my beefs before making assumptions about everything I think.
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Just because dratsum got me all wound up, I want to reply to this. Here we have yet another example of someone who is saying they actually had a chance to trade with NoDoji. Trust me, I don't give a shit now, but NoDoji and so many other people who are very profitable right now have said that they had many people to watch during their journey. They saw expert traders putting on trade after trade in real time.
All you guys out there calling those of us who are struggling bad names and whatever have to realize that many of the profitable traders today had a very lucky and positive experience from some mentor somewhere along the way. Those of us still working on this haven't had access to any of this. The closest we have come is seeing screen captures of a few statements of profitable trades. So please get off your high horses as if we are asking for everything on a platter and be happy that you got the chance to see traders in action.
I said this exact same thing in this post here where I also came to this conclusion about how so many experts today actually had a start by watching other experts traders.
http://www.elitetrader.com/et/index...ks-trading-course.294140/page-64#post-4185021
If you don't stop complaining and accept responsibility for the choices you make I won't be surprised next time. Sour grapes, sweet lemons. 40 is gone, how's that working for you posting in his absence about how he epitomizes what's wrong with the advice traders give.
You brought up 40's name before anyone else. You did it in this same post complaining about how NoDoji's teaching methods would be so much better if only ... she was who she's not. Learn to be thankful for what others offer you rather than complain
You were v clearly the only guy who had significant issues with 40. If you can't apologize or see the appropriateness and need for it then at least SU about 40 if you don't want to be reminded ...why he is gone.
Trying A short here at 9628 on FDAX.
st 9648
Broken trendline on 5m, could attempt a move towards a gapfill?
st 9648
Broken trendline on 5m, could attempt a move towards a gapfill?
Trading alone and teaching someone while trading are two completely different things.
Thus, if you're sitting there in person and watching someone trading but the person is not mentoring you...the only thing you will learn is how to setup your trading equipment in an home office assuming the profitable trader has purchased some nice equipment with those consistent profits and if lucky you can get a free meal out of it.
My point, what you learn will only be mainly the business aspects of trading which doesn't require much communication for the trader that's being watched. I'm not knocking down the business aspects of trading because its a critical aspect of a trading plan...properly setting up your trade environment. You'll also get a chance to see in person the emotional roller coaster typically involved in trading and the management of such. You may even pick up on the discipline that's required...very robotic like behavior but adaptable.
Successful trading involves much more than just trade methods. In fact, arguably, trade methods is just a piece of a very large puzzle. I see that you often spend your time talking about trade methods and missing aspects of such...doing such you're missing what truly involves successful trading.
In contrast, if someone is there for the purpose of mentoring someone (extremely difficult to find someone to do such in person) and is doing such for many weeks or months (preferably), that's when learning about the actual process of trading will only occur and then something like Skype, Facetime or any other real-time online communication can be used as follow-up to the in person mentoring.
The primary reason why something like the above is so difficult to find is that most traders by nature are independent and somewhat private...that being a lone wolf (independence) is attractive. Therefore, it's tough to find someone that will let you into their home or office and watch them trade...its a huge distraction. This is the primary reason why the popularity of online mentoring arises as an effort (poor one in my opinion) to compensate for that in person mentoring.
Today, unlike 20 years ago, many universities have actual real trading rooms that allows trading for its business students...these trading rooms are often state of the art and sponsored by top institutional trading firms. I've wrote a detail list about such in an earlier post here at ET.
If I could start all over, I would have attended one of these universities in comparison to the universities I attended when I was young. That in my opinion would have been one of the best ways for a young trader to get started in trading and lower the failure rate regardless if the business student was planning to go professional trader or retail trader.
I know someone who went back to college for this sole purpose at the age of 42 and has said its the best decision he has ever made because he truly wanted a career as a trader...as a successful trader.
I guess the point I'm trying to make is that most traders get involved in trading as a "lone wolf" and only reach out to others (most often to anonymous people online) when trading isn't going well. I think if they are really seeking true mentoring...the university route is an excellent way to do such regardless if one wants to go professional or retail. The problem with this route is the university education cost...it ain't cheap and most retail traders get involved in trading on low funds. Thus, most likely the university route isn't the best financial route for them to take and it would often require relocation.
What's an alternative solution ?
Post a public profile like in ETs hook up thread and do such on more of a global social media like twitter or stocktwits in which you list your city location and specifically state you're looking to meet other traders in your city (don't mention anything about being mentored). Hopefully, the in person trader meet ups will lead to in person mentoring if you meet someone that is successful.
The above route is exactly what happen to me but there was no twitter or stocktwits back then. Instead, there was YahooGroups. I lived in Seattle for awhile and started a monthly meeting group for TradeStation software users (at that time TradeStation was called Omega Research) in a TradeStation group on YahooGroups way back then. It was during like the 8th monthly meeting of the group that I met a profitable trader (a retired university professor that would later become my landlord) and he was a very profitable trader.
He would later become my mentor for almost 2 years...3 hours per trading day in some of the toughest markets. I learned to day trade and most importantly, I learned that trading is a business and to respect it as such. Just as lucky for me, his retired wife made me breakfast and lunch almost every trading day during those 2 years. I always had to ride my bike long distance in the evening just to keep from getting fat from the good eating.
Simply, if you're truly looking for in person mentoring...you got to do more than just hang out at trading forums and talk about trading. You got to be active in your city location area and start a in person group. It can be about anything involving trading...software as in my situation, broker/platform group, PA or TA group, day trading group, swing trading group, Al Brooks group considering this thread is about Al Brooks...any group via the trading tools you're using.
In fact, it was in the group I started...I eventually met several other traders in which we rented an office space and traded together in Seattle near the old kingdom. We traded a few years together and it was the best in person learning experience I ever had even though the in person mentoring was almost nearly as good.
Therefore, re-evaluate how you're approaching meeting others because trying to do such the easy route at forums with anonymous folks is extremely difficult especially if you're looking for some sort'uv mentoring...most likely creating more problems.
P.S. Please don't ask for direct links to twitter or stocktwits. Just add .com to the words and click enter in your browser.
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I had better contribute something to my thread....I haven't resumed watching al brooks's videos, been busy trading and making some dosh.
I want to point out that if anyone is expecting a detailed report on what exactly i have learned from his course, they will be disappointed. Atm, i can say that concepts i have taken aboard from the course have been helpful and opened my mind up to possibilities. Imo, they have already contributed to myself profiting to the tune of thousands of dollars. Hence at this time it would be churlish of me to request a refund of a mere $249.
I do intend to watch the rest of his videos (not many left tbh) and will report more here in general terms.
I want to point out that if anyone is expecting a detailed report on what exactly i have learned from his course, they will be disappointed. Atm, i can say that concepts i have taken aboard from the course have been helpful and opened my mind up to possibilities. Imo, they have already contributed to myself profiting to the tune of thousands of dollars. Hence at this time it would be churlish of me to request a refund of a mere $249.
I do intend to watch the rest of his videos (not many left tbh) and will report more here in general terms.
Short FDAX 9670 st 9690