i wish i could chain you here but i will let you go because trading is more important.
this forum needs YOU
Trading the ES live-the Brooks way
- Thread starter padutrader
- Start date
this forum needs YOU
i have done it.
i traded forex live with real money for 10 years and lost 200000usd and accounts to prove it
so i know you are right
thanks for dropping in
it is reassuring that there are good traders here and in the world.
it will inspire me
thks but it is not a knowledge problem /issue.
it is an application problem.
also trading globex in asian session though last week it gave good trades-usually it is not liquid.
so i have more or less decided not trade asian session except by using practice/sim
Imagine how many kids in your country India 200,000 USD would feed.
I didn't read your previous posts/threads. Others are right, there is no hope for you.
You need to stay away from the markets and deal with your underlying pain. You're using "trading" as an escape from your personal issues, just like alcoholics do.
Your gambling (trading addiction) does not feel good, is not good for you, is not good for others (it’s painful to read your posts), and it does not serve the greater good. (paraphrasing from Tony Robins 6 human needs)
Instead, consider helping the starving people in your country (India) rather than pissing away the money and ruining your life with gambling. You can become an advocate for them, and it will feel good (unless you’re a narcissist), it will be good for you, it will be good for others, and it will serve the greater good.
Good luck with your gambling addiction, and I don't mean that in a condescending way, I do genuinely wish you good luck because right now you're an addicted gambler, and you don't stand a chance to make it in trading unless you totally reinvent yourself.
I can't recall ever saying or thinking that Al Brooks is a fraud.
Al Brooks has a complicated method of explaining trading.
But it's not so much that. I tried explaining trading to my kids but it seems to me the best method is to teach yourself after learning all the basics, you need to write down your system to yourself so that you alone can understand and follow it according to your desires of how you want to trade.
Padutrader, I’ll leave you with one thought:
"To reach a goal you’ve never before attained, you must do things you’ve never before done"
Now ask yourself, what that is for you. I’m willing to bet you haven’t sat down with, say, one year’s worth of ES data and backtested it properly, and taken notes on specific setups - where and when they occur, when they fail, how to best manage them. Maybe print them all out and go over it by hand if that helps, or screen capture it and keep it in a PDF…
Have you taken video of your trading and analyzed it after hours? Have you kept a daily journal? Have you looked for ways to create rules of when to get in the market and when to stay out? Have you done this consistently over, say, six months?
If you can’t do stuff like this you’re just going to be doing the same thing over and over again and failing over and over again. There is no way around it, I’ll come back here in 5-10-15-20 years and will expect to see the same posts from you.
"To reach a goal you’ve never before attained, you must do things you’ve never before done"
Now ask yourself, what that is for you. I’m willing to bet you haven’t sat down with, say, one year’s worth of ES data and backtested it properly, and taken notes on specific setups - where and when they occur, when they fail, how to best manage them. Maybe print them all out and go over it by hand if that helps, or screen capture it and keep it in a PDF…
Have you taken video of your trading and analyzed it after hours? Have you kept a daily journal? Have you looked for ways to create rules of when to get in the market and when to stay out? Have you done this consistently over, say, six months?
If you can’t do stuff like this you’re just going to be doing the same thing over and over again and failing over and over again. There is no way around it, I’ll come back here in 5-10-15-20 years and will expect to see the same posts from you.
Oh and one more P.S. I hope your 20 years has taught you that volatility comes and goes. Stock indeces can get very rangebound, and FX is even worse that way - months can go by with maybe just a handful of setups. Of course, the more you test, the more such markets you’ll see and learn to identify them. That way you stay out of trouble, even if it means staring at the screen all day with nothing to do for days on end (yes, that is part of trading too)
