I did learn a lot from Brooks. I incorporated elements of his teachings into my trading and benefited. I see one short coming in Brooks' teachings. He does not differentiate between market noise and market volatility. This has become a handicap in my trading. This inability of mine to differentiate between them has thrown me off guard many a time. I am working on this. Despite this, my trading is profitable during this year, but not as profitable as I think it should be.
As a trader, I'm looking to guess where prices will go so I can make money when they move. I want to be smart about the risks I take and make the most of the market's ups and downs.
Hi toucan, Technically my game plan is numbered to 7. The rest involves trade preparation, risk management, trading rules, trade management and trade review. It all came from being under mentorship. I was taught to follow a routine and structured framework as a point of reference with timing, entry and trade management, etc etc.
Yes I am arrogant I suppose but but I guess those are the idiots that generate the volatility that I sit back and don't waste my eyeballs looking at stupid things like bars I'd rather focus them on hot naked chicks in real life
Hi there SimpleMeLike, How quick? What's your time horizon? By very slow progression the Sun rises everyday by the principle of Natural Law. The evolution of a trader is also a very slow progression by the principle of growth. I don't think anyone can rush the process
One needs consistency and risk management before thinking about getting rich, once you have that down becoming rich should come automatically since you can scale up massively as long as you stick to decent risk management. Some traders are risking 10 points to make 1 point, or trade 10 contracts to make $500 while the potential risk is much higher. Such strategies are destined to blow up sooner or later.