Tribute to Brooks
- Thread starter padutrader
- Start date
traders have different objectives.
my objective was never to make a little money.......it was to make a lot of money...theer are only two ways to do that: take a lot of risk or have lot of knowledge.
taking a lot of risk does not take a lot of time but you do blow accounts.
so seek knowledge.
i have spent 14 years looking for knowledge and now i am ready.
my objective was never to make a little money.......it was to make a lot of money...theer are only two ways to do that: take a lot of risk or have lot of knowledge.
taking a lot of risk does not take a lot of time but you do blow accounts.
so seek knowledge.
i have spent 14 years looking for knowledge and now i am ready.
you have to see read the left side to predict the right side.....
the entire field of technical analysis depends on being able to do that.
i do know that i have failed miserably in doing that.
the entire field of technical analysis depends on being able to do that.
i do know that i have failed miserably in doing that.
I'm only qualified to say I have been doing very well in short time with using the video course stuff and you seem mostly struggling after 15 years with a very weird book.
But you keep going. Maybe this time it'll be different for you.
I think you're talking about his first book...
After a few years these came out and they're much easier to read!
When do you see yourself completing the course? I've heard it's quite extensive.
Also, you're not the first to say that the video course is light years above the book(s) - whether that's the first or all his books.
I read his first book and didn't find it that hard if I remember correctly, but it took me a few reads and extensive note-taking to grasp it all.
Hello maxinger,
I LOVE trading choppy market.
I LOVE trading ANY market condition that comes my way.
I am day trader. I MUST not fear anything the market shows me. Bring me anything the market wants to trade, and I will make money from it. The goal as a day trader is trade, not play with it.
If I can not trade a choppy market, I rather not trade at all.
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It is very long. I am making quick progress. I devote at least 2 hours each day. Weekends more time each day. When I get home I will check and give an estimate.
Hello padutrader,yes need to....
you have to trade the market you are given
i have now learnt to trade bar by bar so if you trade that way there are no whipsaws......one bar does not a whip saw make
the great traders all do
but the bigger need is to become great.....i lost money for 14 years for that...... Brooks lost money for 10 years but i am an idiot.....most of those who reply to my posts-not you - are great traders who became great in a few days
a lot of great traders reply to my posts and tell me i am an idiot.......they have time to do that
I am not sure why so many people give you a hard time sir, but I think you are doing well as a trader. Your are honest about your trading journey. I too was unprofitable for about 6 years, I think. I only lost about $8000 trading in all those years and so far. But I lost tons of time too. Trading is challenging, it takes time.
I studied Brooks as well and his teaching and I have a love-hate relationship. lol
There is no time limit on gaining consistent profits with day trading.
Some people get consistently profitable in 1 years, some take XX years.
India Nifty on 2 Nov 2021.
the day range was very big actually.
the market was very choppy/erratic.
This is the type of market which I am 100% sure
I will lose money trading it.
Characteristics of choppy market
- movement is very choppy/chaotic; no clear/nice pattern.
- thousands of false signals
- lots of whipsaws. after you enter the trade, you get stopped out.
Then the market moved massively in your favor.
OK. you like choppy market.
It is not for me.
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