Al Brooks Net Worth

Discussion in 'Trading' started by Darc, Nov 6, 2023.

  1. sridhga

    sridhga


    Trading is an endeavor whose outcome is based on probability. That makes it risky to teach it, since, most people do not really understand probability in its true sense. If he managed to exit the trade at BE then he is too good, as it seems he covered two potential loss trades at BE. Place yourself in his shoes in that scenario, and you will understand what I mean.

    Let us try to understand how this problem could be handled. There are setups where he says the probability is 60%. He has to show someone maybe a hundred transactions that have the same setup to demonstrate that the setup is profitable over the hundred trades. How easy is that to show in a live demonstration? How many days that would take to demonstrate it on a live scenario on 5 minute time frame that he uses?

    I am not blindly supporting him. I am trying to understand what happened or what could happen.

    The other way to handle the problem is to train the students well on probability games and move them to trading once they are ready. How easy is that when most people don't want to pay USD 70 for a book or say USD 399 for sessions? I think it is difficult to be a trading trainer in the current scenario.
     
    Last edited: Nov 11, 2023
    #381     Nov 11, 2023
    pikeman likes this.
  2. tony.m

    tony.m

    He was long 2 contracts of ES (for 2 point scalp), price went against him then he added 3 more contacts. At the end he was risking $500+ to BE.
     
    #382     Nov 11, 2023
    sridhga likes this.
  3. 500 bucks isn't that 20 subscribers a month ?
     
    #383     Nov 11, 2023
  4. tony.m

    tony.m

    $99/month

    Normally this is how the Al scam works.
    1) Buy the book $50
    2) Buy the course $350
    3) End of day review / signals group $99/ month
    4) Watch him trade live in person $2499
    5) Buy his mate Ali Moin-Afshari's trading software $4999.99

    Congratulations now you are ready to use the Buy and Sell signals from the software to make a dollar or two.
     
    Last edited: Nov 11, 2023
    #384     Nov 11, 2023
  5. sridhga

    sridhga


    You seem to have the full menu out there. I didn't know this list. I just read his book and I found it very useful in designing my trading systems.
     
    Last edited: Nov 11, 2023
    #385     Nov 11, 2023
  6. He has a big mouth, but knows shit about shit. With a very nasty and unpleasant personality.
     
    #386     Nov 11, 2023
  7. SunTrader

    SunTrader

    Brooks-Speak "Now, if you wanted to, you could have exited short and gone long,...."
     
    #387     Nov 11, 2023
    tony.m likes this.
  8. The bullish constipation is a classic.

    upload_2023-11-11_15-35-31.png
     
    #388     Nov 11, 2023
  9. rb7

    rb7

    30% per month for 18 months, that comes out to more than 100x your initial capital. Keep going like that and you'll become the richest man on the planet!!!
     
    #389     Nov 11, 2023
  10. newwurldmn

    newwurldmn

    why would you bother with a 50% return per year when you can make 30%/month?

    Why are you merely making a living if your returns are so awesome for so long?
     
    #390     Nov 11, 2023
    rb7 and Frederick Foresight like this.