Looking for a mentor

Quote from LEAPup:

I actually took a look at his resume, and since he's from Chicago, I'm sure he's one of those guys who ONLY eats those over-stuffed pizza's, so I've gotta wonder about that. The best pizza BY FAR is NY pizza, New Haven CT coal-fired brick oven pizza, and their famous Sicilian pizza! YUM! No one is gonna mentor a guy who eats those over-stuffed pizza pies!:D

Lol! Actually, I'm a wop with an open mind, and actually like the Giordano's pies when in Chicago. Couldn't help bust his balls over the NY vs Chicago pizza war.:D

Last, what's the above response have to do with his thread post? I'm not sure, but love pizza.:confused: :D
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You're making me very hungry!!!
 
Quote from Wide Tailz:

Market Wizards, New Market Wizards, Trade your Way to Financial Freedom, ...
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Good reads Wide T.
Among the better or best;
Jack Schwager's Stock Market Wizards. Mr Alan Farleys book is a bit deep to start with ; but his charts in that Swing Trade Book are worth the price, asap .....................................

Also click on ''books'' top green line ,TOP of this web page.

Also some may want to look for convergences;
like William O Neil, & Alan Farley both define an uptrend/bull market with a 200 day moving average...

Also some may want to look for repeating patterns, thats wisdom;
for example Alan Farley & William O Neil both define a bear market/downtrend with a 200 day moving average...

Wisdom is profitable to direct.
 
Quote from traderslair:

I don't agree with the books on Al Brooks. They are hugely overrated. I even don't think Al Brooks is a profitable trader.
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Do you know Al's story? He's an ophthalmologist, which pays a fortune. After getting bored of doing that work, which wasn't challenging to him, he went and tried to make a living as a trader. He's now been doing it for 25 years.

There are a LOT of worse gigs than being an ophthalmologist. You earn a ton of money (~$400K, in California), and you work a regular 9-5 shift (10-3 probably more common).

What are you basing your claims on?
 
Quote from JRL:


What are you basing your claims on?
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He keeps on writing books and selling trading room access. He never shows live DOM when taking trades and he never showed an audited account status.

SELLING BOOKS AND TRADING ROOM ACCESS IS HIS NUMBER 1 SOURCE OF INCOME, NOT TRADING.

AL BROOKS IS OVERRATED.
 
I`m not necessarily a big proponent of Al Brooks, but I picked up some good ideas and learned to think more intelligently about price action from his first book, so I would probably recommend his work.

It is easy to assume that most authors on the subject of trading is not profitable and it is probably true to a large extent, but not neccessarily so. George Soros have 16 books available on Amazon and I think it is fair to say that selling books have not been his primary income. Writing and publishing books can fulfill other needs than trading and to many people writing or teaching is something they are passionate about and enjoy doing.

I did not read this entire thread, but on the subject of trading books I think the best one I ever read was "Reminiscences of a Stock Operator". It is an amazing book and it is almost scary to see how relevant it still is today.

Unfortunately, book knowledge is not easily transferred to practical knowledge and I think most people, if not everyone needs to go through the process of failing, usually more than once. Simulator trading is underrated in my opinion and a great way to start learning about the markets without risking money. However, the time and place for that is after a methodology (it can be really simple) is developed by using historical data and then testing it on the simulator without risking anything. Simply opening a simulator and randomly pushing the buy/sell button will not be very helpful. :)
 
Quote from JRL:

Do you know Al's story? He's an ophthalmologist, which pays a fortune. After getting bored of doing that work, which wasn't challenging to him, he went and tried to make a living as a trader. He's now been doing it for 25 years.

There are a LOT of worse gigs than being an ophthalmologist. You earn a ton of money (~$400K, in California), and you work a regular 9-5 shift (10-3 probably more common).

What are you basing your claims on?
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By your own admission (and his), he was in practice for 5-10 years before going into trading. What does the current average salary of an opthalmologist have to do with anything when he left medicine 20-25 years ago?

FWIW, he may be a good trader, no idea, but I glanced at his book and it read like a book translated from Mandarin -> Slovakian -> English.
 
his three new books are much easier read.

he said he made about 25 cents per hour for writing the book. i agree. he had a void to fill. i feel it is the only book that can get you up and running immediately and you can then learn your way around while making money.

njrookie
 
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This is a riot.

if you blow out , go hang with these clowns.

s
 
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