Trading the ES live-the Brooks way

flash crash said:
I see that Brooks had the audacity to write three more books after his abomination of a first effort. I didn't know that he continued his fleecing of the public.

Three volumes totaling 1680 pages.

Brooks doesn't understand Brooks.

If you know how to make money off the five minute chart, you don't need 1680 pages.

You need an index card.
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Post that Index card.
 
Wide Tailz said:
Looks great!
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does not, just look good, it is good math


a small target in a high probability trade means that you will have a very high win rate.

in fact in a high probability trade you can NOT have a large RR.



having a small target in a low probability trade ie swing will not work.

and having a small target, in a random entry trade, should work but it does not. i have tried it and got a win rate of 10%.

so you cannot enter anywhere without any reference to probability and expect to make money.

beginners trade a set up and lose, in long run, because of the ignorance of probability.

what is worse, if they enter a trade, which by chance, has high probability,albeit without ever knowing of that existence, then they will make money and think it was the set up that did it.

it was not- it was the math.

and then they are hooked.to train that is heading at high speed over a cliff

 
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padutrader said:
does not, just look good, it is good math
a small target in a high probability trade means that you will have a very high win rate.

in fact in a high probability trade you can NOT have a large RR.



having a small target in a low probability trade ie swing will not work.

and having a small target, in a random entry trade, should work but it does not. i have tried it and got a win rate of 10%.

so you cannot enter anywhere without any reference to probability and expect to make money.

beginners trade a set up and lose, in long run, because of the ignorance of probability.

what is worse, if they enter a trade, which by chance, has high probability,albeit without ever knowing of that existence, then they will make money and think it was the set up that did it.

it was not- it was the math.

and then they are hooked.to train that is heading at high speed over a cliff
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Took you 20 years to realize this? Well, better late than never. :sneaky:
 
schizo said:
Took you 20 years to realize this? Well, better late than never. :sneaky:
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no, King @schizo, brooks told me 20 years ago.

he also told me i could not beat math.

True

but i tried.

my knowledge was bad in math.

or that i was not motivated to do things, in a way, that i did not like.

because i did not need the money.

i now need the money and so i am doing it. and making it.
 
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i had some money so i used to trade to make big money.

and lost always.

so now i need some money to survive

and so i try to make small money

and i end up making big money.

that is the irony of trading

there is a lesson in there somewhere and if you find it you will benefit from my experience
 
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