SML, you were invited to participate in a Discord room where NQ and myself called real time trades all day long referring to Brooks, Halsey and a few others and explaining the technical rationale behind the trades. If you gained nothing from the experience then you didn't. It wasn't for lack of trying to teach or to help a developing trader. And of course nothing was asked of you or any other participants but focus and effort. I wish you well, but arguing over the merits of the mans work is an absurd waste of time.
Hello speedo, I am forever grateful for the invite and experience. You right, I am done with arguing. I am wasting good time.
Pleased to know that there is an alternative to his badly written and produced first book for those interested in what Brooks has to say about price action trading.
I would have to fully agree with SimpleMeLike. That basically....all trading educators are full of stuff. They are nothing but Salesmen. Let's be honest and not complicate things....if suppose 82-94% of students fail or get nowhere, while the Salesman gets rich...it's a Scam. A fraud operation. Follow the path of the money, to understand people's motives, agenda. Selling courses for $400...that salesman has nothing but $$$$$$ Signs in his eyes. Sell dreams. Sell fantasies. Sell the good life. Most are dumb enough to fall for it. Show me the money. it's that simple. Most/all can't.
Exactly SPX Options Trader, But unfortunately traders will always make an excuse to support the salesman with just work harder and give it time quotes. I just think more of myself now, and put myself first. I will tell you something that is true. Selling Trading Courses and Trading Tools is the best and easiest way to make money out of all the business out there. Like it's sad man. It breaks my heart to know someone has been studying one man course for nearly 14 years and still not profitable consistently. I don't care what noone says, that's Wrong and it's not right. Like just think about that for minute. You mean to tell me, someone is selling a course that takes +5 years to get profitable. That shit angers me. And I don't see how no other man is not angered about this. That's fraud man
I told you. You did not understand it. However long you personally dedicated to studying and practicing was probably not enough. That said, it was enough for you to make your mind up and so you have made the right decision. Brooks methodologies are not for you, at least at this time. I say probably not long enough as I cannot see a person understanding Brooks and practicing enough time to get good at it in less than 5 years. There I give you a number. But it is not really a good number. It is impossible to give a concrete number. There are too many variables. But I would generally say unless a person is a savant or extremely brilliant and a doer not a hearer only then I think 5 years is a very generalized minimum number. To put it another way if I were going to start studying brooks I would tell myself give it at least 5 years before passing judgement and I mean 5 good years of dedicated study and practice. Probably at least 4 to 6 hours a day for 5 years. After all trading is a craft. You can’t learn a craft in months. Surgeons may study and practice for 8 to 12 years to learn and hone their craft. You gonna ask your doctor to present proof of his income from his profession before you fork over 400 dollars for a procedure? Why ask Brooks then? Your doctor is a vender too. He is selling his expertise. And just because he is approved by the AMA doesn’t mean he is gonna save your life. Thousands of folks die every year at the hands of medically AMA approved doctors. A body just has to take a chance with a doctor and then see if he or she is good for them. Same with trading. Years ago when I was young I had teeth problems. I had root canals done by a very professional dentist. It didn’t work. I went to another dentist asking him to pull them. He would no. Said it was against his ethics. I was hurting. I had little money. I was working as a bag boy and stock boy in a grocery store. I had no dental insurance. If I remember correctly and am not getting it mixed up with another teeth pulling fiasco I heard of a dentist that would pull my teeth for 5 bucks a tooth. He was located in an upstairs room in a little dinky town. It certainly didn’t look very professional. He was known for yanking teeth out and throwing throwing them through the air seeing if he could ring the waste basket across the room. If I remember correctly my tooth or teeth were out in no time flat and my problem was solved. You have apparently decided to leave the professional dentist and go with one who gets the job done for you. That is ok but it doesn’t mean the other professional dentist is a failure. He had many happy customers. I think he is still in business. The other old man I am sure is dead and gone. The 5 buck dentist that is. Shall I tell another story about the 2 buck doctor Dad and Mom took us too? Or how we had had to sell coke bottles and glass milk jugs to buy popcorn and kool aid to eat and drink on the porch. Or how I had to stand on the street corner after school selling newspapers and thus bought my first suit, I was so proud. Or how we were so poor I walked to school toting my lunch in a brown paper-sack as we could not afford a pretty metal lunch pail. And how I had to fold my bag up to be used more days. Often what I had to eat in that paper sack was biscuits and mayonnaise. I would sit in the lunch room and see those kids with cafeteria meals playing with their jello and throwing up in the air and laughing about it. I remember thinking “I wish I had that jello to eat.” To this day and hear I am 66 years old I can eat a bowl of jello ever day with great delight. But I persisted and here I am. In the end we all have to do what makes us happy and floats our boat. If you were frustrated with Brooks and could not see the light at the end of the tunnel then you may have made the right decision to move on to something else. There are some extremely bright people that might could learn to trade successfully using Brooks methods in two years. But I would say for most of us it would likely take a min of 5 years. It has taken me longer than 5 years but I am not very smart. Good luck and remember we generally create our own luck and reality in the trading world. I think it was Henry Ford who said “the harder I work the luckier I get.”