Lance Begg vs Al Brooks | Trading Reviews and Vendors


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Lance Begg vs Al Brooks

  #16 (permalink)

Oslo, Norway
 
Trading Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010


forrestang View Post
I think all discretionary methods are equally useless.

I'm not saying that to say that one can't make money with something learned from someone else..... but I think in the end it's a matter of THAT method making sense to the person trying to deploy it.

I believe they are all just as good, and just as bad as the next one. I'm sure someone has managed to trade with principles from Wyckoff and failed, and then got ahold of Brooks' Method, which may have made more sense that THAT individual..... or vice versa.


Well, per definition a discretionary system can't really be learnt. The key ingredient will be mind of the person trading it. The most important thing for a discretionary trader would be risk and money management in order to remain solvent when wrong.

There are many ways of making money in the markets, and people should do what they feel is best for them.

But there are still a lot of valid concepts in the works of, e.g., Wyckoff. Things like S/R never go out of fashion, and can easily be incorporated in automated systems, as well....

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