Most would find the video course much easier to maneuver, it's in the books but a tougher grind.
I do have strong recommendations for newbies to read Al's books as I did many years ago along with other books. His books aren't easy to read especially for someone like me where english is 2nd/3rd/4th language, but once you are able to grasp his concepts you'll find yourself one step closer or easier to find profitable strategies.
Rundown on Al Brook's Trading Room
- Thread starter TimtheEnchanter
- Start date
he might have some ideas worth investigating, although I think he's another 'teacher' as opposed too a trader.
I don't think he's a consistently profitable trader, and the things i've heard from people who have been to his room aren't great. All hindsght calls etc. Nothing in real time which is a massive red flag to me. Same as posters here who can only make good calls when it's all to the left of the chart and after the event. If someone can't impress you in real time, then they're likely just another 'vendor' taking the easy money, exploiting the lack of regulation in the trading world
I don't think he's a consistently profitable trader, and the things i've heard from people who have been to his room aren't great. All hindsght calls etc. Nothing in real time which is a massive red flag to me. Same as posters here who can only make good calls when it's all to the left of the chart and after the event. If someone can't impress you in real time, then they're likely just another 'vendor' taking the easy money, exploiting the lack of regulation in the trading world
It is the mindset of the amateur to judge a source by trade room "calls" or a mentors profitability or lack thereof. You do not learn to trade by following calls but by understanding price behavior and equally importantly if not more so, your own behavior. None of us trade the same although if you spend a lot of time with another trader, you can trade similarly but each of us has our own personal characteristics, cognitive fields and behavioral patterns. Al doesn't teach a methodology as such but teaches how to understand what price is saying as it develops.
He will make suggestions how trader A might enter here and put an initial stop there or traders B might enter here and utilize X trade management strategy. To be successful, you have to understand what you are seeing and develop a methodology suited to YOU.
Whether Brooks, Raschke, Cooper, Williams, Sperandeo or anyone else is a great trader or a lousy trader will not determine your own future, YOU have to understand the nature of the markets and do the work of testing and adaptation. Trading is not that difficult but learning the material necessary and to think and behave like a trader is. Studying the work of those who have put in the enormous work necessary can make the road easier but not easy.
I don't know and you have not seemed to want to disclose any such information when asked. I merely saw you trading MES in your journal and wondered if there was a reason why a 'secret sauce, but not so secret' method were still trading MES after all these years.
Surely, the MES and ES track each other very closely. In fact, I did a comparison of the two markets which I posted here on EliteTrader. But as far as liquidity goes - MES is still a thinner contract and you will get more slippage and partial fills compared to trading the ES.
Lol the chuck wagon gang?thanks for the invite but i ride with the ‘Trade like Chuck’ gang
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Not me. I generally don’t use market orders. Very very rare. I scalp with limit orders except for rare occasions. So it either makes my price or it doesn’t. I can’t think of the last time I got a partial fill in Mes.
There is a trader on here called Foresight. Maybe you could learn from him. Massive green flag?
Nah!
Too labor intensive for me, looking at bar by bar - nope, not gonna even start down that slippery slope!
I consider Al a museum piece.