It seems an Al Brooks course costs $399 and has about 100 hours of material. https://www.brookstradingcourse.com/ If someone learned a single idea or setup that worked for them and was understood, they could recoup the hard cost of the course in one year using it once a month to generate a measly $33 profit. How much could that one idea or setup be worth over a trading career if it was built-upon or refined? They have to WANT TO do the work.
Hello themickey, You are correct. Full Disclaimer : I am currently a Losing Trader so far of about -$7,400 on the fiscal year of 2023. Let's see how the next 2 months go. My comments are not worth a penny with a hole in it because I am losing trader right now.
Let's break this down simply, if reading price action is predominantly about S/R which I think it is, who doesnt use S/R. Cmon SML, you must use this too, surely. Anyone not using S/R in one form or another, I can't understand how they could be profitable.
I only read books of proven professionals. Taleb, Buffett,... . Unproven individuals are simply filtered out.
Are you a Fundamentalist? I have an Accounting Degree, but I would never try to trade Stocks based on Fundamentals primarily. I've put Warren Buffett books way down my priority list. Good for general information, but not as a style for a Retail Trader to trade with. The information asymmetry between Retail and Institutional Traders is too great for a Retail to trade with.
Shades of ... if you can sit through 100 hours of time-share deals pitched at you and get one measly weekend a year out of it ...... How much is Al paying you? j/kg of course.
Let's not get ahead ourselves. You're not the final arbiter of PA. While some might think PA is only about S/R, there's more to it than that. As for me, PA is... Price action = price + momentum (spatial) + time (temporal) Some will get it (kudos if you do). But most will not. Suffice to say, just knowing where the S/R is ain't enough.
I don't know anything about Al Brooks, other than he writes books and padutrader talks non-stop about him.
Enjoyed reading this thread so far go round and round. Everyone is guessing how big someone else's dick is and nobody is willing to show a picture (ie. PnL) For some reason, when it comes to trading, people accept taking advice from someone with no proof of trading, but if a lonely creep standing by himself in the back of a bar who looked like a virgin said he could teach you how to make a woman orgasm in 2 minutes, we would all expect to see a bit of proof. Yes, I have fallen for this trick before myself (the trading kind, not taking advice from a virgin.. LOL), so I understand the desire to stand up for an individual that appears too good to be true, but I can admit now that only results matter. As LF said above, the ES is a conglomerate of traders, all with different goals and strategies, and I think any of them has the chance to be profitable, regardless of technique used. So the only way to see who can make it work is by showing proof of profitability, and then you're welcome to extol the virtues of your technique. Its proof/results first, and then technique. Would any guy here get married today without getting to see how your "bride to be" fucks? Are you really going wait until your wedding night to find out that she doesn't give blowjobs or that your right hands gives you more pleasure than her private parts??? Some of us here have wasted more time on trading the wrong way than some poor sucker who got into a bad marriage and fortunately bailed after a few sexless years.