I vote FT71 I've seen him call out the important levels live day after day with amazing accuracy, there is no doubt he is an amazing trader. His charts look like they have too many lines at first but once you understand what the lines mean and zoom in a bit its not bad at all. I have a ton of respect for him.
The following user says Thank You to stang3O2 for this post:
I will publish trading books one day, and it certainly won't be for money.
FT71 has a brokerage, so is it because he didn't make enough trading? Of course not.
I have this forum. Is it because I don't make enough trading? Again, no of course not.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following 13 users say Thank You to Big Mike for this post:
interesting .... how people can watch a webinar, listen to twitters etc and make statements like this "that so an so is an amazing trader"...I would caution you not to believe everything you hear or see...unless you can stand over their shoulder while they actually trade in realtime..I know ft well having spent many hours together learning the complexities of mp from JP years ago ...if it helps you to follow a trader and said trader enables you to make a leap in your 10,000 journey to becoming proficient then all the power to you...I suspect you will eventually find your own path and what works for you and I suspect it will be quite different from what ft or anyone else does... but then again this poll is all about fun - so I'm sticking with the Ben & Jerrys' Karamel Sutra!
The following 2 users say Thank You to tippet for this post:
I understand what you are saying and in general that is good advice as you don't know me from any other "internet trader", but I will stand by my words of him being an amazing trader. I don't base that off of a couple tweets or a webinar. I base that off of watching over 50 webinars, and learning from him daily at his broker's chat room. I have seen him call out his trades in real time and they usually only take a few ticks of heat, not all but the majority. I don't stand over his shoulder and make sure he is taking the trades he says he is or scaling where he says he is but like you I have met the man and he has integrity, he is not a bs'er, and I found him to be trustworthy. I personally am not a profile trader and it has no place in my trade plan but I can recognize talent and he has it.
AB's goal is to be happy, not to make boat loads of money, and he only takes what he considers high probability trades. This is a funny and intriguing poll, but they should be judged by their own objectives, not relative to each other. This way, I think they both win. I don't know FT71 (other than he probably turns 41 this year ) and I assume he is an accomplished trader. I like AB and got used to his rationale in the last couple of years. I learn a lot from AB, agree with him to some extent, see different things a lot of times, but he is trading his system and it works. What more can anyone ask for?
I see how many find AB's style boring and to cautious. Based on my experience, I have come to appreciate a high probability strategy and the importance of patience over excitement and adrenaline.
Are you saying I learned MP from JP??? That is a false statement. I was computing POC shifts in my head before I came to that room and that was my key main setup in MP at the time.
I am not a fan of this poll regardless of the outcome. I don't know much about Al Brooks, but I definitely know that I would learn something from him if I read his books or talked to him.
In the end, anyone who is in the business to make a buck out of folks who are struggling is walking a path that only leads to disappointment. My intent has been for years and always will be to push just one more trader over the edge to consistency and fulfillment. The rest is just noise.
The following 8 users say Thank You to FuturesTrader71 for this post:
There is a saying in this business, "you are only as good as your last trade". I used to call trades live daily on twitter and then post stats or a shot of my live screen after, but that was a while ago. Regulations restrict that and my compliance officer has a problem with that in that it gives an "unbalanced" idea that trading is easy. I agree with him and I think that people don't learn from calling the market but rather from setting up the trades and then discussing what happened; like I try to do with the client chat room.
In the end, we only need to prove our abilities to ourselves. Nobody else believes nor cares about your own performance as much as you do.
The following 5 users say Thank You to FuturesTrader71 for this post:
I think both of their methods work. Of the two I think Futurestrade has the better method. But better for who? Al understands what he does, and he "gets it", doesn't mean you will. Futurestrader understands what he does and get's it, and again doesn't mean you will.
But I think Futurestrader summed it up best, when he said in one of those videos and this is not a specific quote, " Whatever you do, you gotta be good at it, know it inside and out". I think a person can make money with lot's of methods, but neither of their methods speaks to me completely.
However what I took from Futurestraders videos is the IB and Day Types, and how price reacts to it, around it, above it, under it. Of those Day Types I now can see those come from a mile away. I almost feel like I'm cheating. I've always know that the same thing is happening over and over again, that was instinctive. I just couldn't put my finger on it, but now prices have a structure in my head, something they are going to achieve or not achieve, and thats what I trade. I do get it wrong, I get stoped out, it changes directions and I try again, till prices have done what I think they might do and I'm ahead, or the Day Type finish's.
Last edited by Upupandaway; March 7th, 2012 at 11:12 PM.