Al brooks says breakouts provide the largest edge for a trader yet...

Discussion in 'Educational Resources' started by ChkitOut, Mar 30, 2013.

  1. Wulfrede

    Wulfrede

    I really don't care about the marketing aspects, so have at it. For $140 or $250 or whatever, no one has to show you anything. It's a text book. For buck forty what else can you expect?

    And the reason the books are so long is because they are chock full of examples. I mean, tons of examples. The guy put in so much effort into digesting every chart to qualify his methods that that alone is well worth the money - even if you are a total novice.

    I certainly appreciated the opportunity to see how one views the markets. Even if his stuff doesn't "work" (but that would be like saying the sun doesn't rise), learning what doesn't work is still worth something.

    /Wulfrede
     
    #111     Apr 1, 2013
  2. As a finance book reviewer for Wiley and others-- I get boxes of books monthly delivered to my door-- I skim them all, read some completely-- I had the Brooks book ( not sure how i got it or what happened to it) but found it unreadable.

    surf
     
    #112     Apr 1, 2013
  3. Wulfrede

    Wulfrede

    I am an engineer. '99 M.S. in Comp Sci. Ivy League. Yes, I know exactly how difficult it is.

    /Wulfrede
     
    #113     Apr 1, 2013
  4. So you didn't actually read it then. Ok, thanks. Not sure your input on this book is very relevant then. I didn't read it myself so therefore I don't have the audacity to negatively comment on something that I didn't read.

     
    #114     Apr 1, 2013
  5. ok, now you're all over the place and have become like al brooks.

    one minute you say the requirements and work ethic are puullleese, the next minute you tell me you know how difficult it is.

    because you sound just like al brooks, i think you'll just go on ignore.

    thanks
     
    #115     Apr 1, 2013
  6. Nowadays you will probably only see this in villages - an old lady who has a fabulous reputation as a cook, but does not know any recipes. Some of this, some of that, a pinch of this, a handful of that, keep tasting and when it is perfect, she knows. The only way to learn is to be with her in the kitchen for years. She learnt from her mother that way.

    It is possible Brooks is that kind of trader, in which case trying to learn from his books is an exercise in futility. His books would be like recipes that list ingredients without any quantities.

    At best, you get some ideas and develop something that works for you.

    I finished his first book, tried out some of the stuff and quickly decided that is not how I want to trade.
     
    #116     Apr 1, 2013
  7. Wulfrede

    Wulfrede

    You asked me if I knew the effort required to become an engineer. I answered yes. Further, I maintain that the effort to become a trader is far greater.

    You seem to be having difficulty following a line of reasoning and that of an argument.

    Let me spell it out for you: I was trying to help.

    Best of luck.

    /Wulfrede
     
    #117     Apr 1, 2013
  8. Of course you are. An M.Sc in CS is an EE degree? Learn new shit every day on this site.
     
    #118     Apr 1, 2013
  9. Wulfrede

    Wulfrede

    CS is an Engineering degree. At least it was when I got it. My school was called SEAS (School of Engineering and Applied Science).

    BTW, EE is Electrical Engineering. There are many kinds of engineers. But I digress.

    /Wulfrede
     
    #119     Apr 1, 2013
  10. I found it unreadable. That does not mean I didn't try to read it--- how dare you make such arrogant allegations.
     
    #120     Apr 1, 2013