Comparing Brooks and Velez is like comparing St. Theresa to Stalin. Brooks has a beautiful mind and works his ass off. Velez works his ass off too - being a scumbag scamming piece of shit.
Here we go. I am not comparing the two individuals, I am saying two traders/educators of PA both use seemingly dubious statistics.
Velez is not an educator but a proven scammer. Do a little research. Please give me proof that Brooks tactics are "dubious". Good luck. You'll need it.
Correct. Why spend time selling courses and books when you could scale your methodology across multiple markets and literally become filthy rich? Just take a look at the most successful fund in history - Medallion. They're very secretive and want as little as possible to be known about their methodologies and do their best to guard it. The same with Shaw. If you read the interview with Shaw they wouldn't even tell what they were not doing as that could give their competitors an advantage. Like I said - I think there are stuff in the public domain that's useful and Brooks may very well be one of them. But as a general rule I'd say it's good to be skeptical and make sure you test and verify things on your own. That's pretty much all I'm saying. To be fair - that's not a comparable comparison at all. At all. I haven't said Brooks is a fraud. I even said it's quite possible there's some value in his teachings. I just asked NumberZ to be careful as it seemed he assumed Al Brooks to be the real deal and that he would learn to trade simply by following his teachings. That's where I'm less certain. And I may very well be wrong... Yes. This is particularly why I urge NumberZ and other students to actually test this themselves and don't just believe what they're told. I wondered about this same thing myself as I had a hunch they aren't actual statistics, but just numbers taken out of thin air. And as someone who uses statistics I can say that I've often been surprised by the actual probabilities I've come up with (very different than I had imagined myself before testing). Here's what a student said Brooks said when he was asked about this: