Al Brooks Net Worth

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

  1. speedo

    speedo

    Of course not. This is not a Socratic forum, it's ET :D
     
    #61     Nov 7, 2023
  2. If you don’t have a strong opinion then that implies you have little confidence in your system, which begs the question of why you would use it in the first place. :rolleyes:
     
    #62     Nov 7, 2023
    newwurldmn and Laissez Faire like this.
  3. Hello M.W.,

    Do you believe that only proven qualified profitable traders with a track record open to the public should sell trading courses?

    Thank you,
     
    #63     Nov 7, 2023
    sridhga likes this.
  4. tiddlywinks

    tiddlywinks

    In trading, profit of 1 million a year requires only 4167 per trading day.
    There's roughly 240 trading days a year, not including weekends, holidays, vacation and PTO.
    Allow for some losing days and days that fall short... 60 trading days (that's 3 months of trading days) seems arbitrarily reasonable to me.
    Now there are 180 trading days... 5555 per day is needed to attain 1 million in profits a year. Scale from there.

    Assuming the entire per day profits are not required for taxes and day to day living expenses, other assets can be purchased. Those other assets are also part of net worth. Add in some related, or unrelated "ventures" into the income mix and imo, over the course of a life, mega-wealth is possible.

    I don't know the accuracy of figures being bandied about for Al Brooks, nor do I care.

    Here's a source that says Dave Ramsey has a net worth of 280 million, and even lists his cars!
    https://www.caclubindia.com/wealth/dave-ramsey-net-worth/
    Like Al Brooks, I don't know the accuracy, nor do I care. For a kicker, I don't even agree with most of Ramsey non-debt advise!

    And here's a bonus link... The Centi-Millionaire Report 2023. It came out just last month.
    https://www.henleyglobal.com/publications/centi-millionaire-report-2023
    Don't worry, it's free... the chump group of paying clients offsets the data, production, and distribution costs of the report.
     
    #64     Nov 7, 2023
    sridhga likes this.
  5. newwurldmn

    newwurldmn

    the smartest people talk plainly.
     
    #65     Nov 7, 2023
    Laissez Faire, Darc and longandshort like this.
  6.  
    #66     Nov 7, 2023
    hipster ned likes this.
  7. Darc

    Darc

    Like Buy Support
    Sell Resistance
    Trade with Stops
    KISS
    ???

    @Laissez Faire

    Brooks actually is basic TA, just to a further extent.
     
    #67     Nov 7, 2023
    sridhga likes this.
  8. Darc

    Darc

    What about @destriero




    Didn't he study Brooks?
     
    #68     Nov 7, 2023
    zghorner likes this.
  9. speedo

    speedo

    Dest has his own language but I don't know enough of options to understand his strategies. But I'd be will to bet anything dear to MW that Dest sure understands them :D
     
    #69     Nov 7, 2023
    Darc and Frederick Foresight like this.
  10. Yeah, there is that.
     
    #70     Nov 7, 2023
    taowave and speedo like this.