Brooks biggest mistake as a teacher

i have been trading Brooks for 15 years and lost money.

i just could not 'see ' his signals on 5 min.

once i started doing what he said not to do -which is trading 1 min charts-everything went right. i has a EUREKA moment and everything Brooks said made sense.

He said 1M will whipsaw you...... bull shit..... apologies for the picturesque language.

JUST TRADE 5 MIN .......

 

It's not his guilt...
15 years you said?...

 

Good Morning padutrader,

Trading is not about teaching, its about showing a person EXACTLY how to make money.
Trading is not about teaching, its about making money.
Trading is not about teaching, its about making ALOT of money.
Trading is not about teaching, its about making ALOT of money consistently.
Trading is not about teaching, its about proving you can make ALOT of money.

Ask Al Brooks to SHOW you how to make money, NOT teach you how to make money.

I do not want nobody to teach me NOTHING, Show me EVERYTHING.

I see better than I hear.

 

So his teachings aren't applicable across all timeframes?

I hope you've cracked it Padu.

 

i

I admire that you sticked to his method and kept losing for 15 years. Not kidding?

 

no
be rrealistic...
how long do you need to be practicing to be professionally competent?

to be fluent in anything? 15 -25 years

 

So why do you keep trading his method for 15 years while losing money?

 

no of course it is...

but you have wait for a long time for signals and pattern to develop when you are trading 5 min.

understand that markets were not as liquid or volatile when he started trading 15-25 years ago

today in ES 1 min does not whipsaw because Es is so liquid....... and if you trade 5 min you need stops as wide as 10-30 pips....
no amateur trader or under capitalized traders can afford that.

it is not easy to process all that information that 1 min gives and it has taken years and years of trading experience and PRACTICE and huge stubbornness to cope with the losses day after day after day.

but i knew my destination and where i wanted to go and i am close.....

i may never reach but i will be trading better and better.

that is the ultimate goal

 

because i knew i did not understand him.

knowledge is not power, understanding is. but understanding is useless unless you can manage it and capitalize it ...make it liquid and bankable.

it took time but i was prepared to go the FULL MONTY

 

Padu, do you review your trades?
If so, I doubt it was your inability to follow Brooks methods that led to losses.
If you've been trading for 15 years, you should know the answer to this next question.

# What's the one element in trading that EVERY trader finds difficult to master?

If you don't know the answer, it's highly likely you'll continue to repeat your past performance.