Al Brooks video

Discussion in 'Educational Resources' started by syswizard, Jul 4, 2022.

  1. I guess that's why it's tough.
     
    #191     Sep 1, 2022
  2. Thanks for sharing your opinion :)
     
    #192     Sep 1, 2022
  3. easymon1

    easymon1

    Ok, we know what you do NOT want now to begin.

    But what is asked was simply "What do you want?"
    Waiting...
     
    #193     Sep 1, 2022
  4. Rams Fan

    Rams Fan

    You assume they "quietly disappear" because they have become disenchanted with Brooks' book?

    I'm guessing that that isn't it. I only read this thread today because I posted here once, and when I logged into the site for the first time in a few weeks, I had one notification and it was new postings to this thread.

    "It is to one's honor to avoid strife, but every fool is quick to quarrel." Proverbs 20:3
     
    #194     Sep 1, 2022
    speedo likes this.
  5. This is a discussion board.
     
    #195     Sep 1, 2022
  6. expiated

    expiated

    I am not arguing with MacBookProHo. I am simply adding to what he said from my own experience. But first, let me highlight the things he said with which I agree...
    1. You truly have to discover your own mind, self...
    2. You have to be semi-intelligent and observant, and question everything, and digest it, and perceive it, and understand it.
    3. The bests traders in the world found their groove after a decade of stumbling getting nowhere.
    4. Don't buy anything. You don't need to.
    Personally, it took me from 2011 to 2015 to come up with a winning strategy. It took me from 2015 to 2022 to expand that winning strategy into a fully developed winning system. That's a total eleven years. And even now, I am exploring how to transition it from an approach that requires me to monitor my trades and manage my positions to one that allows me to simply place my orders and walk away while still enjoying a daily success rate that varies between 85% to 100%. (Results from yesterday and today suggest that this has been accomplished, but I will need to see it continue to work another week or two before I go live with it.)

    I would apply what MacBookProHo said about "perceive it" and "understand it" to finding out what supposedly successful traders do. For example, part of my own system was developed based on a system used by Nick McDonald of Trade with Precision. I was also influenced by watching videos recorded by Jim Roof of sp500Chart (oldschoolchartist on YouTube). These are just two examples. I took the aspects of what they did that worked for me, and discarded what didn't.

    I was guided by five biblical principles, one of which was to: test everything and hold fast to only those things which prove to be valid and reliable.

    This led me to reject the use of almost all common indicators, such as MACD, RSI, CCI, stochastic oscillators and the like; along with any approaches involving harmonic patterns, Elliot waves, pivot points, Fibonacci ratios and whatnot.

    But, THAT'S JUST ME!

    The point is, you have to evaluate all the GOOD stuff you can find (by copying the masters?) and then determine if you can use it or not (if it will work for you given who you are as a person and the approach or style you take to trading) and conjure up your own recipe for success.

    In this way, you will know HOW it works, WHY it works, and by the foremost expert on the planet when it comes to implementing it.
     
    #196     Sep 1, 2022
    SpiderPigBacon likes this.
  7. Rams Fan

    Rams Fan

    There is a vast qualitative difference between intelligent discussion and what is going on here in this thread regarding Brooks and his books.
     
    #197     Sep 1, 2022
  8. maxinger

    maxinger


    John 16:7-15 Sometimes The Truth Hurts


    As mentioned, there were quite a few very strong believers of Brooks's things.
    They have disappeared.

    So if you want to talk about Brooks's things, you can PM them (@padutrader etc).
    hopefully they respond to you.
    Those guys were very passionate about Brooks's things.
     
    Last edited: Sep 1, 2022
    #198     Sep 1, 2022
    SpiderPigBacon likes this.
  9. Please provide an example or two of what does not pass for intelligent discussion in this thread. And then please give us an example of what is so "vastly" superior.
     
    #199     Sep 1, 2022
  10. maxinger

    maxinger

    It seems like those who have different thinking / opinion / experiences from him
    is considered troublemaker/bad
     
    #200     Sep 1, 2022