You are funded?
Do you think it's Padu's devotion to Al Brooks that is the problem?
(Sorry, I haven't been following, I only follow @Overnight ).
Trading the ES live-the Brooks way
- Thread starter padutrader
- Start date
Do you think it's Padu's devotion to Al Brooks that is the problem?
(Sorry, I haven't been following, I only follow @Overnight ).
Yes I am funded, recently got promoted to a live account.
I don't think his devotion to Brooks is the problem, but at this point, after trying for 20 years, I think it might be better for him to completely start over.
I think his ego, lack of risk management and discipline and gambling approach towards trading are much more of a problem than his devotion to Brooks.
I would strongly disagree that "everyone" has a chance of success in the markets. Success in life yes. But not in markets.
Padu obviously doesn't have the personality for it. At 67 years old, he's not going to change. Especially given that he's been at the markets for so long. I have a feeling he's going to keep at it until something terrible happens to him, because he probably deep inside feels he can discover 'it' and make all the money he needs to be happy just by continuing to bash his head against the wall the same way.
It's quite obvious from his rhetoric here he's socially challenged. I don't know if they have SSI in the country he's from, but maybe that's what he lives off of. I honestly even have a hard time imagining this guy holding down a job.
Nah, P0Box is correct in the strictest sense. EVERYONE has a "chance" to make money in the markets.
It is like how everyone has a "chance" to make it into a professional sports league, or be good at riding horses, or whirl the world with their skills in chess or an electric guitar.
It is what they do with what they perceive as their talent.
Padu is obviously not good at trading the markets, but his "chances" were as equal as everyone else's.
This music proves it..."Anything Goes". And no, not by Cole Porter, teehee.
Brooks throughout his books and talks stresses and recommends the 20 ema.
while is widely followed and used, maybe, because it not as subjective as other things, it suffers from delay in trend identification and it's lack of subjectivity makes it considerably less versatile and powerful.
ironically because of the delay in trend identification, when it give a signal, it is very high probability one, as Brooks stresses too.
but traders lose using this method for the simple reason that they are not good in estimating probability, and it gives numerous signals which are not of high probability and in time ,traders learn to fade those.
Novices only think of RR, without giving a thought to probability and many don't know that it exists at all, and i know from personal experiences and maybe after 15 years of day trading, this is why i had a win rate of 10%!
i personally found after trying them out for almost 15 years, trend lines can, in the hands of a skilled and experienced operator, give with trend signals a lot earlier and with much fewer false signals.
this is ideal for novices since all novices are attracted toward making counter trend trades. the structure of the market and the inability to discern the trend encourages this destructive activity.
Since markets are notorious for usually being in some sort of a trend, this attraction is often a fatal one and leads to ruin.
while everyone on this forum was laughing at me no one pointed out to me why i was losing and what i had to do correct it .
trading is not easy and neither is using trend lines but take time to practice with it and work seriously with it and maybe you can turn your account around.as it did with mine
while is widely followed and used, maybe, because it not as subjective as other things, it suffers from delay in trend identification and it's lack of subjectivity makes it considerably less versatile and powerful.
ironically because of the delay in trend identification, when it give a signal, it is very high probability one, as Brooks stresses too.
but traders lose using this method for the simple reason that they are not good in estimating probability, and it gives numerous signals which are not of high probability and in time ,traders learn to fade those.
Novices only think of RR, without giving a thought to probability and many don't know that it exists at all, and i know from personal experiences and maybe after 15 years of day trading, this is why i had a win rate of 10%!
i personally found after trying them out for almost 15 years, trend lines can, in the hands of a skilled and experienced operator, give with trend signals a lot earlier and with much fewer false signals.
this is ideal for novices since all novices are attracted toward making counter trend trades. the structure of the market and the inability to discern the trend encourages this destructive activity.
Since markets are notorious for usually being in some sort of a trend, this attraction is often a fatal one and leads to ruin.
while everyone on this forum was laughing at me no one pointed out to me why i was losing and what i had to do correct it .
trading is not easy and neither is using trend lines but take time to practice with it and work seriously with it and maybe you can turn your account around.as it did with mine
Last edited:
You literally lost your XFA (sim funded account) in a matter of what, 2-3 day? What turn around ...
Anyone can open up a trading account, as long as they have the money. That doesn't mean they have a 'chance' at pulling money out of the market over a large series of trades.
Padu doesn't have an edge and he simply WON'T put in the work to find one. Finding an edge is hard. It takes a lot of time. He doesn't have time for that. He is too busy trying to prove to himself that he can learn to trade by listening to Al Brooks 'bar by bar', throwing trendlines all over the place in a thin Asian market, and trying to game TopStep Trader. He's going to be doing this or a variation thereof until someone at home pries his fingers from the keyboard and tells him to stop. He won't listen to any advice here. He'll hear what you're saying and even repeat it to you, but it will have no practical consequences for his trading.
You can't trade profitably without an edge. You can't develop an edge without doing work both during market hours and after. You can't do work if you don't bring yourself to do it. Padu won't do it. He'll just keep on the same rollercoaster that he's fallen in love with. So sad.
This post literally proves everything I said earlier, you think you know it all but you have nothing to show for it, nothing but losses and blown accounts.
This is getting sadder by the minute.
You misunderstood my statement. He has (had) the same chance we all do (did).
(And the truest edge in trading is knowledge/experience.
)There's a song for it.