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I don't think you can make money by blindly copying anybody. Silver bullets don't exist. I believe you need to understand what it is that an individual is trying to capture in their approach, internalise it, and see if it works for you. People are complex and there is no one-size-fits-all solution.
If I use Al Brooks' materials to see if a price action approach is useful, surely I will learn something of value, even if that "something" is the conclusion that price action doesn't work for me! And a cost of a few hundred dollars spread over a couple of years is no big deal. The cost of the time involved is far more significant than the money, but the course is well-structured, if repetitive, so it gives people a place to start.
I've read a lot of differing views on gurus and coaches, etc and I had a thought -you can know a hell of a lot about a subject without necessarily being able to earn a living at it, and that's ok.
For example, millions of people play chess. But how many people can make a living playing chess? Probably less than 10 on the planet. But if you're number 217 in the world you still have a lot of expertise. So you write books and give 1-1 tuition, etc. Would any students ask to see your earnings from playing chess?
On the other hand, say you took a course in screenwriting. And you asked the tutor whether he had any screenplays made into movies and he told you no. You'd probably leave that class.
I guess for me it comes down to some demonstrable level of competency in a teacher on which I can build. That could be money but it doesn't have to be.
A hedge fund recently lost almost two billion shorting Game Stop . They just went out of business a few weeks ago . Up to that point the fund made hundreds of millions a year for years . The fund was full of professional traders . The fund could show all the prof you could ever ask for it could trade on very high level . So what happen ? The trader managing the position did not put a stop loss in . After the position was under water good , it was added to three or four times . The rest is history . The professional at the fund made the same stupid mistake most of us on the forum has made and likely will make in the future . Like Bob West says , no matter how good you are what your doing will not work at some point . How you overcome that is what separates the adults from the children .
Sorry, I didn't read this whole thread but I did take the Al Brooks trading course. I used to watch about 2-4 hours of content every morning with my cup of coffee until I finished the course. Then I re-watched some of the topics several times. Also, read all the books by Brooks. I would highly recommend everyone to get the video trading course and watch a few of them everyday to improve your trading.
As someone who has spent about the same amount of money as one year of community college tuition (full time) on different trading education programs over the last 4 1/2 years, I just have a note regarding learning from one vendor or education program versus another. Since this thread is about Al Brooks trading course, I have watched all of his webinars, and other videos on the internet where he shares information. I haven't purchased his course as of yet but I plan to in the near future. Of the say, six or so trading programs I have purchased in the past, I have learned something from all of them. Most of them haven't made me a dime yet, but that's my fault, not theirs. I have also learned that some styles of teaching or some trading methods just do not resonate with me. I don't know why, but that is the case. That said, in my own situation, Al Brook's teaching style resonates with me. His methods make sense to me. that's why I plan to buy his course and I will give an honest review after I complete it. But I do agree on statements made earlier on this thread. Learning to trade is not as easy as just watching over someone's shoulder. It is almost as if it is something that I have to build myself, from experience and information from several other people. I'm sure there are folks out there that can get it strictly trading a method someone tells them to. That is great. It just isn't so simple for me. Am I confident I will be trading profitably within the next year? Yes I am. I've come a long way. I may have been better off just having someone tell me exactly what to do in the beginning. I'm not sure because I started out watching Youtube videos from about twenty different people, like so many folks do, then tried to find what style of trading I am better at. But at the end of the day, I have to settle on something and just do it. More information is not going to help me at this point except to polish off and clarify what I've already observed over the last four years. That is what Al Brook's webinars on this forum have done for me so far and I'm pretty sure his course will provide the clarity I need to trade better. I am in the right place in my experience to be able to understand what he's teaching. I can pull up charts and see for myself, on any given day, that what I've learned so far from him is pretty accurate. Had I come across his videos four years ago, I probably would be confused on what he was talking about and just skip over it. I've done that to other educators in the past. Timing is everything. With trading education, I have found that to be true. There are many people that won't be able to learn from him just because we are all different. Just my 2 cents. Anyone reading this, have a great day and hang in there!
You need to ask yourself if Al Brooks was that good of trader would he be selling trading education for 1000 bucks with a 200 a month trade room along with pay for click ads on google , factbook ? 99 % of vendor doing that kind of marketing just teach trading , they do not do any . That is fine as long as a person realizes educators are like law school teachers , they just teach they do not practice . The law school teacher can make you a more educated student of how the law works but you will have to work under a experienced law firm to keep from starving to death and can take a case to trail and win most of the time . Not the same as the trading profession but have a few things in command .
Why wouldn't someone just do something extra besides trading. I post here for free, big Mike has this whole forum up for us to benefit from. It's not crazy that people do more than one thing while they make most of their income from trading.
The real question you need to ask is: given his methods and teachings, is it something for you to learn and profit from or not. And if not, then don't follow his teachings.
Not sure if this should be in a separate thread Al Brooks' recap videos on Youtube seem to make sense but then if most experienced traders were given the task of annotating a chart AFTER the fact in hindsight, they would be able to do a reasonable job.
So in that context, has anyone tried Al Brooks' Trading Room service? It seems to be a snap at $99 per month but I'd be interested to see if people in the room are actually making money from Al's methodology. Possibly the best place to see this in realtime would be in the trading room and I have no qualms in forking out a measly $99 but only if there is some benefit to do so....