Study buddy for Al Brooks books
- Thread starter supertrader_1
- Start date
Brooks's video course is comprehensive, easy to follow, and well composed. For someone who wants to primarily day trade stock index futures, it is the second-best source for helping one develop a viable trading plan I have come across.
Without a doubt, the best source of putting together a viable trading plan by far is "learning price action by observing it."
Few will do this, however, which is why we have so many vendors offering all manner of trading advice, trading "rooms," and trading "education." Since we cannot be rid of all these vendors, and since they seem to be spawning and reproducing like rabbits who have gotten into the viagra patch, then I offer my opinion on Brooks's video course. If someone purchased it and diligently watched and studied it, and then put in the time to observe price action through the lenses that Brooks's course will have fit him with, then I think such an individual couldn't help but succeed at trading, assuming his mental and emotional capacity were sufficient to keep him out of trouble.
But the area of mental and emotional discipline is where most will fight their Waterloo.
Having said all that (which is a lot more than I originally intended to say) I think most would-be day traders should stick with their regular day jobs, get a copy of Darvas' How I Made $2,000,000 in the Stock Market, Gerald Loeb's The Battle for Investment Survival, and William O'Neil's How to Make Money in Stocks, and learn to identify stocks with growing sales and earnings and strong return on equity that are breaking out of sound, well-developed bases, and by so doing get wealthy over the next decade trading in such stocks.
Supertrader_1 only stuck it out for three days?