Al Brooks Net Worth

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

  1. Darc

    Darc

    While Brooks praises Edwards and MaGee, I find Brook's teachings more creditable than Edwards and MaGee's Patterns etc.

    But what do I know, that's why I'm reading Brooks and discussing him.
     
    #51     Nov 7, 2023
  2. speedo

    speedo

    Won't take you long to know a great deal more about his work than his critics.
     
    #52     Nov 7, 2023
    Darc likes this.
  3. speedo

    speedo

    The Edwards and MaGee book is an excellent primer of technical analysis but did you know that neither of them were traders? Also no one demanded they show their financial statements to determine the value of the work.

    In fact I don't recall anyone in the field publishing their financial statements. Life requires a measure of faith. If a source is not worthy of investigation, it should show up on it's own merits or lack thereof. One man's (or woman's) ceiling is another's floor. Take any advice, pro or con on any subject for what it appears to be worth. Much of trading is based on pattern recognition and cognition trumps opinion
     
    #53     Nov 7, 2023
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  4. Snuskpelle

    Snuskpelle

    I was an idiot (well, still am, but especially back then) when I was lurking ET right before joining. I saw Al Brooks being promoted by "Xela" (that's a whole other story). I bought maybe four-five of his books in one go thinking I might learn something. Bad mistake. He's an entertainer and fills page after page with mostly nothing. Just apply Occam's razor instead of magic thinking desperately wanting to believe something is there. Of course the canned response is "go study him for 30 years until you get the secret", and then you end up like Padu.

    Point is, I'm sure that guy has earnt a lot from book sales and maybe in modern times YT clips (haven't bothered to check). So if he has accumulated money (though likely nowhere near the "AI GENERATED" figure in OP :D) there's a perfectly logical reason for it.

    PS. I respect your opinion Speedo, let's not start an argument, because it would be a repeat of the prior exchanges earlier in the thread.
     
    Last edited: Nov 7, 2023
    #54     Nov 7, 2023
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  5. speedo

    speedo

    Any idiocy not-with-standing, sometimes it's the material and sometimes it's the reader. As to the artist formerly known as Xela, he, she, whatever claimed to know little of Brooks and was an advocate of Bob Volman's work.
     
    #55     Nov 7, 2023
  6. LOL. ET is like a kindergarten lately.

    Did anyone check that page at all?

    It's a fabricated number from a BS web page.

    Whatever net worth Al have I would be extremely surprised if any of it comes from actual trading in the markets.

    upload_2023-11-7_19-20-46.png
     
    #56     Nov 7, 2023
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  7. Darc

    Darc

    Seems pretty accurate to me.

    Says Kobe Bryant $170 million, Laissez Faire still yet to turn a Profit.
     
    #57     Nov 7, 2023
  8. I've read the first 100-150 pages of his first book before returning it to Amazon for a refund, and feel the same way. Also, it doesn't help that everyone who paid to be in his trading chat room reported that he only makes color commentary rather than trade calls. (And people pay for that?)

    But if you feel that you got something out of his stuff, then good for you.
     
    #58     Nov 7, 2023
    zghorner likes this.
  9. He's selling the dream like so many others.

    And gullible newbies think they're on the path to riches since they don't yet know any better and gladly pay up if anyone can "help" them.

    Success in trading is for the few. That's just how it is.
     
    #59     Nov 7, 2023
    SimpleMeLike likes this.
  10. Alternatively, strong opinions weakly held. (I don't know who said it first.) Thus far I have seen nothing that would alter those strong opinions on the subject matter.
     
    #60     Nov 7, 2023