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Well maybe he withdrew his membership then and isn't currently registered. I don't think there is an absolute requirement for education providers to register under the NFA.
If someone can come here to teach its great,BUT if claims to be trading live and profitable and is not vetted re his claims, than there is a lost of credibility to this place.
IzhakHaim, it's not directed at you, but I quote your remarks because there's a statement in there, suggested by many, that I want to validate.
Has this Al Brooks guy made a claim to be trading live and be profitable?
If so, can anyone post evidence that he did so (i.e. that he made this claim)?
Otherwise, anything short of that, and we're basically continuing this ping-pong around unsubstantiated claims on either side, and any further discussions does not appear to add any more value to the subject in my view.
I have no dog in this fight, but given the tenor of this discussion, it seems like everyone would be well served to tend to their own trading. Get better at trading. Give back to the community. Be more interested in what's good and spend less time bad-talking folks you don't know.
Yes, I understand there's an issue about who does webinars at FIO. But by our presence here, our faith is placed in @Big Mike. When he needs our guidance, he asks. I'm with him here regarding the circular, self-perpetuating argument that continues without end.
If you really have time to further this sort of conflict, reflect on your motivations and see if there's not some way you might send something more positive into our community of traders.
Good statement. That being said *TIME* is the key here. I have hundreds of books on trading, along with the four books by Brooks and video courses and such. Also all the material from SMI, which was mostly active until 1974. This is about 500 audio recordings and charts. Lots of _time_ needed to determine what is worth studying. Years spent studying already.
The question here is how one spends one's TIME. I just joined this forum. If one has been here since the beginning they would know best places to spend TIME to improve in trading reading specific threads and members here.
This involves vetting and determining what is worth expending time and energy upon. These are limited resources.
If someone directed me at the beginning of this journey toward specific paths which are fruitful and advised those which are barren it makes the destination arrive and be beneficial. One would want to trust that person knows what they are talking about prior to engaging TIME as well as money in what they say.
My interest is if my TIME is best utilized by studying one person's approach or another, and for this understanding if that person is successful in their thoughts and their approach to trading is positive.
Wasting a year or more of TIME on an approach which is not positive to the originator of this information seems an important question to determine.
This is not said as conflict or attack, but simply stated I would not want to learn from someone unless they are successful in what they are teaching.
Hence I find the information here important. Expending additional personal resources when success of the "teacher" is in question seems like TIME not well spent.
Am I the only one that have the feeling we do not want to vett Al that claims to be profitable and comes here to teach?
If I claim I know to fly the 747, will you be my passenger?
If I clam I can teach you how to make money, will you like to see that I am not on food stamps and medicaid?
Am I wrong that each time we talk about vetting, old timers ( Wizards) jump in with some reasons why there is no need for it? this way we let new traders assume the presenter is legit since he is here and therefore may be a good idea to join his room.
I should have stayed out of this, and I after this, I will. The point above has been made dozens of times here. Everyone gets it. Some agree, some don't. I personally don't care, as I've learned that the way I trade -- a veritable hash of styles -- is the way that works for me.
Speaking only for myself, I said absolutely nothing about whether there is "no need" to vet Al Brooks. I said the prolonged series of posts has gotten us nowhere and has become noxious. If you'd like to criticize or call me an "old-timer" for arguing for civility, fine.
I have listened to lots of webinars, read books, watched videos; I got little bits of useful information from some of them, while some -- to me -- were useless. But for someone else, what I found useless might have been just what they were looking for.
That's my point; we all have to make our own way. My way is made easier by having a clear mind, but that's probably because I'm such an "old timer." This thread doesn't help with that, so I'll leave it to other posters to carry on.