Al Brooks Net Worth

I have traded properly, according to my own method, and have called all my trades ahead of time and have summarized the results so far accurately, as have you.

Its not possible to do better than that.

So who are you, Brooks acolyte or not, to say I haven't traded properly? Am I somehow challenging your reputation too, besides Brooks? A couple of your responses have challenged your own reputation, especially the one about how many points I have at risk is "too much".

 

360% gain per year? The fack you say!

 

Record so far.

 

Brooks makes the most basic TA sound complicated, its difficult to read. He better be a Genius or worth $753 million.

 

My guess is he's neither as far as trading is concerned, but he's possibly a genius salesman.

 

A lot more successful Traders than you disagree with your assessment of Brooks.

Whom should I believe, those successful Traders or you!

 

Who are those?

The live demonstration in this thread gave 3 losses in a row.

 

Not a big deal. High R:R systems can run 11 losses in a row. Trade 12 makes up for it. Ngl, it requires training to have the mental fortitude and discipline to execute.

Some use the strat of reducing risk per losing trade. The math doesn’t pencil out compared to keeping risk consistent. It’s easier to trade such systems by reducing overall r to fractions of a typical 1% per trade.

 

Calls <> Trades.

For Brooks or anyone else who wants to publicly talk of such.

BTW I do neither.

 

No, not a big deal either way, but it does show that it's easier to annotate yesterday's chart than trading tomorrow's chart. That's why I don't care much for a marked up chart of yesterday with idealized entries.

On to your example:

If the 12th trade makes up for it - the prior losses shouldn't be big.

Quick napkin math: If you risk 10 points per trade, that's 110 points in the hole on trade 11, so you need a huge winner at 110 points just to break even (excluding costs). If we use 5 points as a stop, you need 55 points on trade 11 to break even. Still a considerable trade.

The claim was that this method is highly profitable, so I was expecting more.

I'm repeating myself, but trading is a very marginable business. You're either making money or you're not. Getting it almost right is usually not good enough.

One could also argue that a method producing 11 losses in a row is far worse than random, so what's the use anyway?

Just using your example.