WHAT IS A SECOND ENTRY ?

[padutrader]

second legs are always tests, according to Brooks.

i have found that entering, when there is a successful test, gives a simple effective strategy to swing trade.in other words when there is a reversal of the second leg or a failure of the second entry
if the test is not successful then you can expect at least 1-2 legs more

 

[ironchef]

You are an expert on Brooks, share some examples of your money making trades with those so I can learn how to trade them.

Thanks.

seriously?

I actually asked you for that?

Must be because I was desperate after two consecutive losing days on Thursday and Friday.

Ignore it.

 

[padutrader]

I actually asked you for that?

you ask we deliver

 

[Jzwu2017]

I actually asked you for that?

Must be because I was desperate after two consecutive losing days on Thursday and Friday.

Ignore it.

If you stick to risk management and your process, you won’t lose big even you don’t have a significant edge. Mostly the results will be random like noises.

 

[padutrader]

If you stick to risk management and your process,

yes i agree.

it depends on you.

you have to clear what it is you are doing and what you want and where you want to go

if you want to trade a strategy no problem .... no secret... you can do it.

but if you want to understand what the market is doing and then trade it you will be more confident and you will never be surprised by what the market does.

this is the way i wanted to trade. but to do it that way you have to put a lot into it.

this is the way that Brooks trades and this is the way he teaches. And that is what i learned after 20 year.

Was it worth it? It was what i wanted but i did not expect it to be so hard.

I did not lose the faith. ok i admit I lost it at least 5-6 times in the 20 years but i always went back to him.

but happy that it is done and now i can enjoy the fruits of my long and hard labor

 

[padutrader]

I actually asked you for that?

Must be because I was desperate after two consecutive losing days on Thursday and Friday.

Ignore it.

i am doing this, what ever you may choose to call it, teaching coaching bull shitting, not for you or others.

i am doing it for me.

many wise persons know that the best way to learn is to teach because then you have to answer questions and in that process of explaining, to others you learn a lot .

Ironically many times, you may learn more than those you explain it to .

so i have to thank you. a big THANK YOU

 

[ironchef]

If you stick to risk management and your process, you won’t lose big even you don’t have a significant edge. Mostly the results will be random like noises.

Easier said than done.

 

[ironchef]

i am doing this, what ever you may choose to call it, teaching coaching bull shitting, not for you or others.

i am doing it for me.

many wise persons know that the best way to learn is to teach because then you have to answer questions and in that process of explaining, to others you learn a lot .

Ironically many times, you may learn more than those you explain it to .

so i have to thank you. a big THANK YOU

Maybe I should charge you a fee for allowing you to teach me?

I am thinking 2/20 from your prop account.

 

[padutrader]

Maybe I should charge you a fee for allowing you to teach me?

I am thinking 2/20 from your prop account.

i have always said students should be paid.
they have to do all the work