Hello VEGASDESERT, Yes sir. I am student of Al Brooks for 2 years and I personally love his work. I enjoy listening to the trading videos on his website. I feel he is a man of experience and I enjoy his effort and work and his passion. I personally adore price action trading. I took a few things from the videos and that is enough for me to try and make money everyday and compete in the futures market. I am simple man, I have complexity and I feel trading should and needs to be easy for me. Al Brooks provides an opportunity to make month income for my pockets. That is fair enough for me, I can not and will not complain about Brooks teachings. It fits my goal for the cost of learning to make some money every month.
Hello volpri, ALL I can say is You are Genius sir. There was one thing you said to me about 2 years ago that completely turned my trading around. All I can say is, You was right. You was right. #Team_Take_Them_Motherfucking_Got_Damn_Fucking_Profits Got damn, take the damn profits. I do not have nothing else to say. Take them damn profits
Easier said than done. My experience showed me that after a string of stop losses, the next trade I made would start to show a profit and I WOULD TAKE IT. In many cases, that trade, if held, would go on to double or triple the profit amount I had realized by getting out too soon. This situation really messes with your head.
Good Morning syswizard, I perfectly understand what you are saying regarding "taking those" profits, better known as scalping. Especially scalping when the Risk - Reward < 1. I prefer this for my own personal sanity. Unfortunately, I can not and will not provide you any recommendation or opinions, because I am only a discretionary/manually profitable trader of 2 months (40 days) in SIM, and I refuse to give trading advice or any recommendation to anyone unless I am real live profitable trader of + 2 years straight and I prove within 1 minute with a screenshot of my account balance or broker statement. I personally think ET owner should ban anyone giving trading advice and is not profitable and can not prove it. Sorry buddy.
That would be a hilarious suggestion. This website would be 99.2% empty overnight. As well as every other social media platform too, that allows 'traders' to talk about their craft publicly.
Agreed, but that's also where context & risk allowance come into play. Trading bigger size to scalp part and swing the rest (in the right context) helps a ton.
Hello MacBookProHo, LOL, pretty much. That is why I never give people trading advice or try to teach people/friends how to trade. Anyone ask me how to trade, I say I do not know, and I happily say it too.
Good idea, but the basic problem was that I was not letting my profits run. I was cutting them off short. This was totally due to lack of experience at the time. I've now learned not to get rattled by a streak of losses.
On the off chance that this could provide a method that might shed some light on that age old question ... https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-15#post-5162295