Yeah but I can tell she does well in trading. We trade similarly I think, and reading a lot of her posts, it's clear to me that she knows her shit.
Perfect example of why Al Brooks is impossible to follow
- Thread starter ChkitOut
- Start date
You base your knowledge of how someone does trading on their elite trader posts? boy, you would be in for a few major surprises
Remember, the market and its top players are masters at deception and misdirection. It's easy to parrot books or someone else-- you of all peeps should know this, whoever you are. surf
That link, whatever it is, was from 2009.
surf
Quote from Ol' Yella:
O rly?
http://www.elitetrader.com/vb/showthread.php?s=&postid=3664270#post3664270
all right you get the torches and I will get the rope.
ChkitOut,
You still don't get it about the edge you keep referencing, searching for or need proof of existence.
The super duper edge (your own words) is the trader. That trader is relying heavily on many pieces of the puzzle like discipline, market context resources, money management, proper capitalization, trading experience, market experience, proper trading environment, proper trader management, proper position size management, trade signal strategies and so on.
You guys are lost if you think you can go out and find some holy grail trade signal, pattern and think you're going to become rich if you don't have or ignore all those other important variables (pieces of the puzzle).
Trade strategies is just one piece of the puzzle. Simply, that super duper edge is your ability to put the "entire puzzle" together and then have your team (the puzzle) working cohesively together...resulting in a consistently profitable trader (the edge).
That's why folks using the same exact trade strategy do not have the same trade results because each person don't think the same, don't have the same trading experience, don't react to trading stress the same, don't have the same type of discipline and so on.
With that said, if the fear of YOU (the trader) being the most important edge or the real edge, I recommend you go the automated trading route in which the trade strategy becomes the most critical component...more important or negating the necessity of variables like trading experience, proper trading environment, discipline and so on.
Last of all, EricP has recommended to you in your other thread when you wanted recommendations / opinions from real professional traders (REAL TALK) the following key message you may have missed about stock trading...
You still don't get it about the edge you keep referencing, searching for or need proof of existence.
The super duper edge (your own words) is the trader. That trader is relying heavily on many pieces of the puzzle like discipline, market context resources, money management, proper capitalization, trading experience, market experience, proper trading environment, proper trader management, proper position size management, trade signal strategies and so on.
You guys are lost if you think you can go out and find some holy grail trade signal, pattern and think you're going to become rich if you don't have or ignore all those other important variables (pieces of the puzzle).
Trade strategies is just one piece of the puzzle. Simply, that super duper edge is your ability to put the "entire puzzle" together and then have your team (the puzzle) working cohesively together...resulting in a consistently profitable trader (the edge).
That's why folks using the same exact trade strategy do not have the same trade results because each person don't think the same, don't have the same trading experience, don't react to trading stress the same, don't have the same type of discipline and so on.
With that said, if the fear of YOU (the trader) being the most important edge or the real edge, I recommend you go the automated trading route in which the trade strategy becomes the most critical component...more important or negating the necessity of variables like trading experience, proper trading environment, discipline and so on.
Last of all, EricP has recommended to you in your other thread when you wanted recommendations / opinions from real professional traders (REAL TALK) the following key message you may have missed about stock trading...
They way she describes scenarios, describes her way of analyzing and executing trades...yeah I'd say she knows what she is doing. 15 years of full time experience to lean on to make that call. Could I be wrong....perhaps.....but I doubt it 
Quote from marketsurfer:
You base your knowledge of how someone does trading on their elite trader posts? boy, you would be in for a few major surprises
It's easy to parrot books or someone else-- you of all peeps should know this, whoever you are. surf
Nice thread. I sympathize with the OP, poor sucker that he is. I am not convinced that Al really trades, but it seems that he is getting plenty of exposure here.
yeah, it sucks because i have zero doubt al is a smart guy. no doubt at all. but smart in how to make money as a guru or smart trader making a lot of money trading? it appears to be the former.
traders that are making a lot of money trading and just happen to also want 'to help people' as he said many times, have nothing to hide. he is hiding, he hides his blotter, he hides his trades, he hides.
and that is troubling.
ok. i am gifted trader who happens to find an interest in teaching, so i start a chat room and what not. guess what i do? Here is screen shot of my trade blotter today. (i would black out the number of contracts perhaps) but here they are. perhaps i wouldnt do it every day, but every week a would probably post a trade blotter to say, hey, this is what can be done. If for no other reason other than to show HOW he trades, forget profitablity for a minute, just show your executions so people see how you scratch a trade, how you average, how you exit, etc. but no, he wont do that.
i am 100% convinced he is hiding something.
Actually, most know exactly what your intentions where going to be with the other REAL TALK thread. Your intentions is to put more merit on any advice that will continue you down the path of "losing trader".
Seriously, the odds of you following Dustin's advice is extremely low because like I said to you before, the key (that edge) will fall upon your shoulders only. Simply, no matter what others say - change your strategy, use higher time frames, go prop, trade small, read another book and so on.
Therefore, if you haven't been able to put the puzzle together after all these years and you're not able to come to terms with the fact that some trade strategy alonewill achieve your goals....
EricP was dead right, find something else to do because trading isn't it for you.
Geeesh, at least get away from trading for a few years, stay away from trading forums because current market conditions are too tough on folks like you. It reduces traders like you to complaining about any advice you get from anyone.